BREAKING NEWS

2008-10-02

Europe

Council of Europe refuses to punish Russia

Georgian protestors turned up outside the Council of Europe in Strasbourg on Thursday, to stage a counter-demonstration to a group of South Ossetians

Georgian protestors turned up outside the Council of Europe in Strasbourg on Thursday, to stage a counter-demonstration to a group of South Ossetians

Europe

EU flotilla to tackle Somali pirates

The pirates who have made the waters around Somalia the most dangerous in the world may not be having it all their own way soon, as Europe is on the

The pirates who have made the waters around Somalia the most dangerous in the world may not be having it all their own way soon, as Europe is on the

Business

UBS to make 'small profit'

A rare piece of good news from the banking world. Switzerland’s UBS has told its shareholders it expects to make “a small profit” in the third

A rare piece of good news from the banking world. Switzerland’s UBS has told its shareholders it expects to make “a small profit” in the third

Business

European shares sag

European stocks fell over 1% on Thursday, reversing a two-session recovery. Bleak US data on factory orders and jobs rekindled recession fears

European stocks fell over 1% on Thursday, reversing a two-session recovery. Bleak US data on factory orders and jobs rekindled recession fears

Business

Paris show opens at gloomy times for carmakers

The Paris Motor Show opens this week with the industry under pressure. There have been double-digit declines in new car registrations in western

The Paris Motor Show opens this week with the industry under pressure. There have been double-digit declines in new car registrations in western

News

Euro zone interest rate on hold for now

The European Central Banks has said that inflation risks in the euro zone have diminished and economic activity is weakening. Financial markets

The European Central Banks has said that inflation risks in the euro zone have diminished and economic activity is weakening. Financial markets

News

No room for gaffes in Palin-Biden TV debate

It is a case of the relatively novice Republican against the experienced Democrat: she who says it is time for a change of the old guard in

It is a case of the relatively novice Republican against the experienced Democrat: she who says it is time for a change of the old guard in

News

US running mates in spotlight for TV debate

The stage is set for a TV showdown between the two vice-presidential candidates in the US. The duel between experienced Democrat Senator Joe Biden

The stage is set for a TV showdown between the two vice-presidential candidates in the US. The duel between experienced Democrat Senator Joe Biden

News

Flash floods swamp Sahara oasis

Flash floods have killed at least 29 people in an oasis in the Algerian desert. Forty-eight people were injured by the floods in Ghardaia, and one

Flash floods have killed at least 29 people in an oasis in the Algerian desert. Forty-eight people were injured by the floods in Ghardaia, and one

News

Fossett's mysterious disappearance solved

The mysterious disappearance of the American adventurer Steve Fossett may finally have been solved. A walker has stumbled across papers and money

The mysterious disappearance of the American adventurer Steve Fossett may finally have been solved. A walker has stumbled across papers and money

News

Expert says Europe needs different rescue plan

As European banks and financial institutions wrestle with some of the worst economic conditions in living memory, think tanks are working overtime to

As European banks and financial institutions wrestle with some of the worst economic conditions in living memory, think tanks are working overtime to

News

Europe's leaders divided over bank crisis action

Despite growing anxiety about the global financial crisis, Europe’s leaders have been unable to come up with a consensus on how to head off economic

Despite growing anxiety about the global financial crisis, Europe’s leaders have been unable to come up with a consensus on how to head off economic

News

Jaruzelski says martial law saved Poland

Poland’s last communist leader has told a court he had little choice but to declare martial law in 1981, but added that his action saved the country

Poland’s last communist leader has told a court he had little choice but to declare martial law in 1981, but added that his action saved the country

News

Pressure mounts for EU action on financial crisis

Pressure is rising in Europe for bankers and politicians to follow America’s lead and take similar ambitious action to tackle the world economic

Pressure is rising in Europe for bankers and politicians to follow America’s lead and take similar ambitious action to tackle the world economic

News

Russia hosts German leader to mend ties

German Chancellor Angela Merkel is in St Petersburg in Russia, helping to mend ties between the two countries. Germany is Russia’s biggest single

German Chancellor Angela Merkel is in St Petersburg in Russia, helping to mend ties between the two countries. Germany is Russia’s biggest single

News

Euro falls to one year low against US dollar

The euro has fallen to its weakest in more than a year against the US dollar ahead of speculation the European Central Bank will announce the region

The euro has fallen to its weakest in more than a year against the US dollar ahead of speculation the European Central Bank will announce the region

News

US Senate approves financial rescue plan

The United States Senate has approved a four hundred billion euro bail out of the US financial system, which politicians and banking experts said was

The United States Senate has approved a four hundred billion euro bail out of the US financial system, which politicians and banking experts said was

News

New poll dampens Palin enthusiasm

A new poll for the influential Washington Post newspaper will make uncomfortable reading for Republican nominee Sarah Palin ahead of tonight’s

A new poll for the influential Washington Post newspaper will make uncomfortable reading for Republican nominee Sarah Palin ahead of tonight’s

News

Cameron prepared to take "tough decisions"

British opposition leader David Cameron has said he would make tough and unpopular economic decisions if elected. He was apparently responding to

British opposition leader David Cameron has said he would make tough and unpopular economic decisions if elected. He was apparently responding to

News

EU monitors enter Georgian buffer zone

EU monitors have started entering a Russian-controlled buffer zone around Georgia’s breakaway region of South Ossetia. Some 200 observers have

EU monitors have started entering a Russian-controlled buffer zone around Georgia’s breakaway region of South Ossetia. Some 200 observers have

News

US Senate approves multi-billion euro bail out

The US Senate has approved a 500 billion euro bail out bid for the country’s financial markets. The bill was passed by a wide margin of 74 votes to

The US Senate has approved a 500 billion euro bail out bid for the country’s financial markets. The bill was passed by a wide margin of 74 votes to

News

EU divided over response to global financial turmoil

The European Commission says it could take up to two years for new regulations on the financial industry to take effect. The bloc has moved quickly

The European Commission says it could take up to two years for new regulations on the financial industry to take effect. The bloc has moved quickly

News

Markets fail to react to news of US bail-out

Asian stocks continued to extend their declines even after the news that the Senate had approved the US government’s biggest intervention in the

Asian stocks continued to extend their declines even after the news that the Senate had approved the US government’s biggest intervention in the