Daily News Digest -- Fri June 22, 2012

Daily News Digest -- Fri June 22, 2012: Key Irish and international business news at a glance; Downgrades of Morgan Stanley, Credit Suisse Group AG (CSGN) and 13 other global banks, announced by Moody’s Investors Service after months of speculation about dire fallout, were met instead by rallies in stocks and bonds...The participants of the global climate summit Rio+20 have great expectations for a so called green economy. But sustainable management serves above all to soothe guilty consciences and allow society to forget its true responsibility...The European Court of Justice held that workers who fall sick during their annual leave are entitled to take corresponding paid leave at a later date. The ruling is legally binding throughout the EU. The ruling was in a case taken by a Spanish trade union against a group of department stores.

• Global
• climate change
• debt crisis

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