Jointly issued debt, or euro bonds, are an inevitable part of the solution to the euro zone’s sovereign debt crisis, veteran financier George Soros said on January 25, as the region cannot resolve its problems through structural reforms alone.
At a lunch on the sidelines of the World Economic Forum, Soros told journalists that European authorities “had done everything wrong” in their response to the financial crisis that struck in 2007, with a confused policy response that betrayed widespread ignorance of how financial markets work.
“The austerity that Germany wants to impose …

The ECB has achieved a victory of sorts, kicking the liquidity can far enough down the road to give Eurozone banks some breathing room and avert an impending credit crunch.  Through its three-year LTRO loans to banks, Mario Draghi’s ECB has managed to provide enough funding and liquidity in the region to cover 2012 debt maturities, according to a recent note by Fitch.
In part, this excess liquidity will help to depress the value of the euro even further, according to Barclays, which has a 12-month forecast of $1.20 versus the …

Coca-Cola, maker of Minute Maid and Simply Orange, said on January 12 that it was the company that originally alerted U.S. regulators to the issues surrounding Brazilian orange juice after it found a fungicide in some of its products.
The Atlanta-based beverage giant notified the U.S. Food and Drug Administration on Dec. 28 after detecting low levels of carbendazim in its own and in competitors’ finished orange juice and in juice concentrates that were not yet on the market.
While the fungicide is legal in Brazil, where it is used to combat …

She’s about to make her big screen comeback in the remake of Sparkle with popstar Jordin Sparks but Whitney Houston is reportedly ‘broke’.
The 48-year-old singer – who has overcome crack cocaine addiction – has allegedly spent all of her fortune, including a reported $100million record deal.
Whitney is being financially supported by her record label Arista, which has given her an advance payment on her next album, according to reports.
‘Whitney’s fortune is gone. Music industry heavy hitters are supporting her and her label is fronting her cash against her next album, …

On an average day, you watch 4 billion videos on YouTube. And the next day? You watch 4 billion videos on YouTube. That’s a 25% increase over the number of daily video views just eight months ago, and it shows what kind of immense numbers we can see when a popular Web destination becomes even more popular.
It’s kind of amazing — and kind of frightening.
When it comes to how much video people are uploading to the site, the numbers are also mind-boggling: YouTube reports that 60 hours of video is …

Carmarker to unveil its version of the Sherpa Scout Military 4×4 Truck in March
Renault Trucks is launching its new civilian version of the Sherpa Scout Military 4×4 Truck in the Middle East this March.
What’s the best off-roader? Land-Rover? Jeep? Wrangler? How about a Renault?
Granted, Renault is not a brand you associate with off-roading, but Renault Trucks is launching in the Middle East the new civilian version of the Sherpa Scout Military 4×4 Truck.
The vehicle will be officially be revealed at the Commercial Vehicles Middle East exhibition, taking place from March …

The European Union formally adopted an oil embargo on January 23 against Iran and a freeze of the assets of the country’s central bank as part of sanctions meant to pressure the country to resume talks on its nuclear program.
Diplomats said the measures, which were adopted in Brussels by the EU’s 27 foreign ministers, include an immediate embargo on new contracts for crude oil and petroleum products, while existing contracts will be allowed to run until July.
EU diplomats are calling the measure part of a twin track approach toward Iran: …