BREAKING NEWS

2008-01-30

Business

UBS reveals more massive subprime losses

Swiss bank UBS has shocked investors by announcing further huge losses from US subprime related investments and it told shareholders that it cannot

Swiss bank UBS has shocked investors by announcing further huge losses from US subprime related investments and it told shareholders that it cannot

Business

Sub-prime housing scandal spawns FBI probe

The FBI has opened criminal investigations into improper lending in the US housing market. Officials from 14 companies – including developers and

The FBI has opened criminal investigations into improper lending in the US housing market. Officials from 14 companies – including developers and

Business

Bouton survives SocGen board meeting

Daniel Bouton, the boss of scandal hit Societe Generale has survived – for the moment. The bank’s directors have met and resisted political pressure

Daniel Bouton, the boss of scandal hit Societe Generale has survived – for the moment. The bank’s directors have met and resisted political pressure

News

Israel's controversial clash with Hezbollah

It all started with the capture of two Israeli soldiers by Hezbollah. The cross-border raid on July 12, 2006 was to spark a conflict that would end

It all started with the capture of two Israeli soldiers by Hezbollah. The cross-border raid on July 12, 2006 was to spark a conflict that would end

Europe

Clearer labels proposed on food in EU

The European Commission has adopted a proposal to make the labels on pre-packaged food clearer and more relevant to the needs of EU consumers

The European Commission has adopted a proposal to make the labels on pre-packaged food clearer and more relevant to the needs of EU consumers

News

Portugal replaces health minister amid cuts protests

Portugal’s health minister has been replaced after a series of protests against cutbacks in emergency services. Ana Maria Teodoro Jorge takes over

Portugal’s health minister has been replaced after a series of protests against cutbacks in emergency services. Ana Maria Teodoro Jorge takes over

News

Edwards opts out of US presidential candidate race

Democrat John Edwards has abandoned his bid to become candidate for the US presidency. The former North Carolina Senator did not manage to match the

Democrat John Edwards has abandoned his bid to become candidate for the US presidency. The former North Carolina Senator did not manage to match the

News

Italy to form interim goverment to reform voting rules

Italy’s senate speaker has been temporarily handed the reins of power by the president in a bid to form an interim government. Its task will be to

Italy’s senate speaker has been temporarily handed the reins of power by the president in a bid to form an interim government. Its task will be to

News

War report findings ease pressure on Israel's Olmert

An Israeli government-appointed inquiry has found “grave failings” among the country’s political and military leaders during the 2006 Lebanon war

An Israeli government-appointed inquiry has found “grave failings” among the country’s political and military leaders during the 2006 Lebanon war

Science_technology

Crusts, Crumbs and Chromatography

European researchers are looking into the science of bread. They are looking at how industrial techniques could produce the same taste and nutrition

European researchers are looking into the science of bread. They are looking at how industrial techniques could produce the same taste and nutrition

News

Italy poised for new government or snap election

A decision is expected in the coming hours on whether Italy will have an interim government or a snap election to resolve its latest political

A decision is expected in the coming hours on whether Italy will have an interim government or a snap election to resolve its latest political

News

Winograd report expected to slam Olmert

A report is due out in Israel today which is expected to criticise prime minister Ehud Olmert over his handling of the 2006 Lebanon war. According to

A report is due out in Israel today which is expected to criticise prime minister Ehud Olmert over his handling of the 2006 Lebanon war. According to

News

Rain on the parade but samba beats on in Rio

Rio’s King of the Carnival accepted the key to the city in the a ceremony that kicked off the world’s most famous party. King Momo will lead the

Rio’s King of the Carnival accepted the key to the city in the a ceremony that kicked off the world’s most famous party. King Momo will lead the

News

Giulliani's Florida loss is McCain's gain

After winning in Florida, Republican John McCain is looking forward confidently to the potentially decisive next phase of the US presidential

After winning in Florida, Republican John McCain is looking forward confidently to the potentially decisive next phase of the US presidential

News

Societe Generale board debates firing boss

The career of Daniel Bouton as chairman of France’s second biggest bank Societe Generale hangs in the balance. Facing growing political pressure

The career of Daniel Bouton as chairman of France’s second biggest bank Societe Generale hangs in the balance. Facing growing political pressure

News

Clinton wins symbolic primary in Florida

New York Senator Hilary Clinton wins the Democratic primary in Florida in what was largely a symbolic vote. None of the Democratic candidates

New York Senator Hilary Clinton wins the Democratic primary in Florida in what was largely a symbolic vote. None of the Democratic candidates

News

Giuliani looks set to quit race after Florida failure

Former mayor of New York Rudy Giuliani suffered a severe blow to his presidential aspirations by finishing a distant third in the Republican´s

Former mayor of New York Rudy Giuliani suffered a severe blow to his presidential aspirations by finishing a distant third in the Republican´s

News

Political uncertainty continues in Italy

Italy’s President says he needs more time to decide over the timing of elections and a new voting system after the resignation of centre-left Prime

Italy’s President says he needs more time to decide over the timing of elections and a new voting system after the resignation of centre-left Prime

News

US Congress votes in biggest tax rebate in history

In the US, the House of Representatives has overwhelmingly approved a bipartisan plan to give the economy a 98 billion euro election year boost

In the US, the House of Representatives has overwhelmingly approved a bipartisan plan to give the economy a 98 billion euro election year boost

News

Efforts continue to bring peace to Kenya

Teams of negotiators will reconvene in Kenya this morning as the country’s political leaders try to bring an end to their post-election crisis and

Teams of negotiators will reconvene in Kenya this morning as the country’s political leaders try to bring an end to their post-election crisis and