Padoan

Companies may put investment plans on hold in the wake of Paris attacks which have sapped investor confidence, the head of industrial giant Siemens said in remarks published today.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

Mr Varoufakis also incurred the wrath of his Italian counterpart Pier Carlo Padoan by comparing Italy's problem with its large public debt to those of Greece.

Greek Prime Minister Alexis Tsipras will head to his first European summit on Thursday duly warned that it will be near impossible, as Athens wants, to rip up pledges made during the country's four-year international bailout.

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 per cent this year before accelerating to 4 per cent in 2014.

Companies may put investment plans on hold in the wake of Paris attacks which have sapped investor confidence, the head of industrial giant Siemens said in remarks published today.

Euro zone leaders will fight to the finish to keep near-bankrupt Greece in the euro zone today after the European Union's chairman cancelled a planned summit of all 28 EU leaders that would have been needed in case of a "Grexit".

Mr Varoufakis also incurred the wrath of his Italian counterpart Pier Carlo Padoan by comparing Italy's problem with its large public debt to those of Greece.

Greek Prime Minister Alexis Tsipras will head to his first European summit on Thursday duly warned that it will be near impossible, as Athens wants, to rip up pledges made during the country's four-year international bailout.

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 per cent this year before accelerating to 4 per cent in 2014.