Internet search giant Google (NASD: GOOG) has some explaining to do on the issue of privacy. Regulators around the world have been uncomfortable with some of the firm’s practices for years, and the latest in the ongoing saga comes from the European Union. The firm will have to appear before a group of EU data-privacy watchdogs as part of a probe that may lead to what the regulators called coordinated “repressive action” after it failed to fix flaws in its privacy policy. Throughout the course... 

Swiss voters voted down an extra two week holiday bonus. March 12, 2012- Voters in Switzerland rejected a proposal that would have increased the annual paid vacation entitlement for employees from four weeks to six. The proposal ran into problems last week when businesses warned voters prior to the vote that it would hurt competitiveness and could threaten jobs. Travail Suisse, a trade union in the country, put forward the initiative. It argued that just four weeks of vacation was not sufficient... 

The U.K. is in danger of losing it's credit rating. February 14, 2012- Moody’s, the credit rating agency, has warned the UK that it may cut its rating therefore increasing its cost of borrowing funds. Moody’s statement came following concerns of the possible impact the crisis in the eurozone will have on growth prospects in the UK. The agency placed a “negative outlook” on the UK meaning there is about a 30% change the country could lose it’s credit rating of AAA with the next 18 months.... 

China will not help lower emissions from their aircrafts. February 6, 2012- On Monday, China announced it is prohibiting its national airlines from paying for carbon emissions that the European Union is charging. The latest announcement by China increases the dispute over how to combat climate change and its costs.  The EU charges were set in place to curb the emission of gases that help to create climate change. However, governments in countries like Russia, the United States and China oppose the... 

The European Union has staved off a meldown for now. December 12, 2011- On Monday, financial markets across Europe and Asia reacted negatively to the European Union’s landmark deal. European stocks were pushed lower and the euro lost value as many investors felt the sovereign debt crisis would get worse. On Friday, all countries in the EU agreed on the deal with the exception of Great Britain. The deal was to pursue a stronger fiscal union, provide strict budget regulations and provide the International... 

The EU elite are desperately trying to hold the Euorpean Union together at any cost. December 2, 2011- In an attempt to stop a global economic crisis, the finance ministers of the 17-euro zone nations are meeting in Brussels. Their goal is to save the common currency in the zone and make sure the global economy is not affected by their sovereign debt crisis. The ministers have begun to discuss ideas that at one time were unthinkable but must be considered in moments of desperation. Ideas included...