BREAKING NEWS

2008-10-17

Business

Caisse d'Epargne hit by derivatives errors

French savings bank Caisse d’Epargne has revealed a 600 million euros loss from trading share derivatives. It blamed the extreme volatility of the

French savings bank Caisse d’Epargne has revealed a 600 million euros loss from trading share derivatives. It blamed the extreme volatility of the

Business

Russian shares tumble further

As Europe’s stock markets recovered on Friday, Moscow’s continued their losing streak. Investor sentiment was not helped by Russia’s finance

As Europe’s stock markets recovered on Friday, Moscow’s continued their losing streak. Investor sentiment was not helped by Russia’s finance

Business

Libyan stake boosts UniCredit shares

Italian bank UniCredit’s shares rose 7.76 percent in reaction to news that the Libyan government is now its second largest shareholder with the

Italian bank UniCredit’s shares rose 7.76 percent in reaction to news that the Libyan government is now its second largest shareholder with the

News

Germany's big bail-out becomes law

Germany’s biggest post-war bail-out designed to ward off financial meltdown has passed in time for next week. The huge 500 billion euro safety

Germany’s biggest post-war bail-out designed to ward off financial meltdown has passed in time for next week. The huge 500 billion euro safety

News

US presidential campaign takes a break for a night

In a change of mood from the tough campaigning of the past weeks, the US presidential candidates have exchanged jokes and smiles at a fund-raising

In a change of mood from the tough campaigning of the past weeks, the US presidential candidates have exchanged jokes and smiles at a fund-raising

News

Mass strikes in Italy against government reforms

Thousands have hit the streets of Rome and other Italian cities, angered by reforms to the education system and conditions in the transport industry

Thousands have hit the streets of Rome and other Italian cities, angered by reforms to the education system and conditions in the transport industry

News

Bumpy equities ride ends on an up note

As Europe’s stock markets ended a stormy week, the optimists seem to be winning out for the moment as share indexes ended substantially higher

As Europe’s stock markets ended a stormy week, the optimists seem to be winning out for the moment as share indexes ended substantially higher

Europe

Emissions tied to bolder incentives to cut down on deforestation

Europe is throwing its weight into bigger incentives for legal and sustainable forest management. The European Commission is proposing regulation

Europe is throwing its weight into bigger incentives for legal and sustainable forest management. The European Commission is proposing regulation

Europe

Poles cannot expect shipyard bailout, told to sell assets

EU Competition Commissioner Neelie Kroes has suggested Poland sell state-owned yards’ assets and use the proceeds to pay back grants that broke

EU Competition Commissioner Neelie Kroes has suggested Poland sell state-owned yards’ assets and use the proceeds to pay back grants that broke

News

Iran fails to win UN Security Council seat

Iran has failed in its bid to secure a non-permanent seat on the United Nations Security Council. The Islamic Republic is under Security Council

Iran has failed in its bid to secure a non-permanent seat on the United Nations Security Council. The Islamic Republic is under Security Council

News

Hi-tech answer to Acropolis pollution problem

Fire, bombing and earthquake. They have all hit the ancient Acropolis in Athens. Today it is still under attack, but from a thoroughly modern enemy

Fire, bombing and earthquake. They have all hit the ancient Acropolis in Athens. Today it is still under attack, but from a thoroughly modern enemy

News

UK's opposition breaks truce over financial crisis

A political ceasefire over the credit crunch has come to an abrupt end in Britain, with main opposition leader David Cameron slamming the

A political ceasefire over the credit crunch has come to an abrupt end in Britain, with main opposition leader David Cameron slamming the

Culture

Dubya gets 'Stoned'

New York City was the venue for Oliver Stone’s latest movie, “W”, which chronicles the life of the American President George W. Bush. It not only

New York City was the venue for Oliver Stone’s latest movie, “W”, which chronicles the life of the American President George W. Bush. It not only

Culture

Frost/Nixon movie tipped for award haul

The London Film Festival has opened with the world premiere of a film that’s being billed as a front-runner for the awards season. “Frost/Nixon” is a

The London Film Festival has opened with the world premiere of a film that’s being billed as a front-runner for the awards season. “Frost/Nixon” is a

News

Titanic survivor sells souvenirs to pay for care

The last living survivor of the sinking of the Titanic has announced that she plans to sell mementos connected to the doomed liner to help pay for

The last living survivor of the sinking of the Titanic has announced that she plans to sell mementos connected to the doomed liner to help pay for

News

Unpaid staff step up protest at China toy plant

Demanding unpaid wages, hundreds of workers are intensifying their protest at a closed-down toy factory in China. The country is the world’s

Demanding unpaid wages, hundreds of workers are intensifying their protest at a closed-down toy factory in China. The country is the world’s

News

Obama and McCain trade jokes at charity dinner

After their TV debates, the two US presidential candidates have shared the same stage again. But this time the mood was relaxed at an annual

After their TV debates, the two US presidential candidates have shared the same stage again. But this time the mood was relaxed at an annual

News

Green light for German bank rescue plan

A bank rescue plan that Chancellor Angela Merkel says will help shield Germans from the global financial crisis has been approved by parliament. In

A bank rescue plan that Chancellor Angela Merkel says will help shield Germans from the global financial crisis has been approved by parliament. In

News

Black Friday for Italy's public transport system

Severe disruption was expected on public transport in Italy as trade unions call for a nationwide strike. The three unions which represent among

Severe disruption was expected on public transport in Italy as trade unions call for a nationwide strike. The three unions which represent among

News

Obama and McCain trade jokes at charity dinner

After their TV debates, the two US presidential candidates have shared the same stage again. But this time the mood was relaxed at an annual

After their TV debates, the two US presidential candidates have shared the same stage again. But this time the mood was relaxed at an annual

News

EU wary of poll defeat for Czech government

The Czech government is bracing for a defeat in regional elections this weekend that could have a knock-on effect on its forthcoming EU presidency

The Czech government is bracing for a defeat in regional elections this weekend that could have a knock-on effect on its forthcoming EU presidency

Business

Markets bouncing back

In Tokyo the Nikkei index rose on opening 1.4 per cent, rebounding after the previous day’s historic dive. Sydney Stock Exchange gained 3.1% on

In Tokyo the Nikkei index rose on opening 1.4 per cent, rebounding after the previous day’s historic dive. Sydney Stock Exchange gained 3.1% on

News

EU leaders united on crisis, divided over climate

They came together to bail out the banks, now Europe’s leaders are seeking global action to ensure such desperate measures are never again required

They came together to bail out the banks, now Europe’s leaders are seeking global action to ensure such desperate measures are never again required

News

Protests mar mosque opening ceremony

The opening of the first mosque in the formerly communist eastern part of Germany has been greeted with angry protests. About 200 people chanting

The opening of the first mosque in the formerly communist eastern part of Germany has been greeted with angry protests. About 200 people chanting

News

Abortion boat challenges Spanish law

A Dutch yacht crewed by pro-abortion activists has docked in the Spanish port of Valencia in a move designed to get round the country’s strict

A Dutch yacht crewed by pro-abortion activists has docked in the Spanish port of Valencia in a move designed to get round the country’s strict