BREAKING NEWS

2008-12-30

Business

ECB rate cut considered more likely

The deepening recession is putting the European Central Bank under increasing pressure to further cut interest rates. The latest data showed

The deepening recession is putting the European Central Bank under increasing pressure to further cut interest rates. The latest data showed

Business

Bank of Spain confirms recession

Spain has officially entered its first recession in 15 years. The central bank in Madrid confirmed that the economic contraction in the third

Spain has officially entered its first recession in 15 years. The central bank in Madrid confirmed that the economic contraction in the third

Business

French jobless up again in November

French unemployment has risen again as companies laid off people in response to the slowing economy. The November figures showed the total number

French unemployment has risen again as companies laid off people in response to the slowing economy. The November figures showed the total number

Business

European stocks end higher

European shares finished up on Tuesday, but are still on track for huge losses this year. Traders in Frankfurt raised glasses of champagne at

European shares finished up on Tuesday, but are still on track for huge losses this year. Traders in Frankfurt raised glasses of champagne at

Business

Asia ends miserable year for stocks

Asia’s bourses have closed for the last time in 2008, a year during which they suffered their worst annual performance on record. There was

Asia’s bourses have closed for the last time in 2008, a year during which they suffered their worst annual performance on record. There was

News

EU ceasefire calls as ministers meet in Paris

Amid European calls for an end to the violence, EU foreign ministers have been meeting in emergency session in Paris. Bernard Kouchner of France

Amid European calls for an end to the violence, EU foreign ministers have been meeting in emergency session in Paris. Bernard Kouchner of France

News

Israel: Gaza offensive could go on for weeks

The military action could go on for weeks. That is the message from Israel today, as it continues to reject international calls for restraint in

The military action could go on for weeks. That is the message from Israel today, as it continues to reject international calls for restraint in

News

The civilians' nightmare in Gaza

Caught up in the military action are many civilians struggling to find safe shelters. They are risking their lives with dashes outdoors to get

Caught up in the military action are many civilians struggling to find safe shelters. They are risking their lives with dashes outdoors to get

News

Gaza conflict risks further escalation in violence

Could Israel’s attack on Gaza engulf the entire Middle East? It is a question many are asking, with the threat of a third intifada a real prospect

Could Israel’s attack on Gaza engulf the entire Middle East? It is a question many are asking, with the threat of a third intifada a real prospect

News

Gazprom says Ukraine crisis "not over"

Ukraine says it has repaid its debt of more than one billion euros to Russian gas giant Gazprom in full. Gazprom threatened to turn off the taps

Ukraine says it has repaid its debt of more than one billion euros to Russian gas giant Gazprom in full. Gazprom threatened to turn off the taps

News

Belgian king swears-in new PM

Belgium has a new prime minister, the third in 18 months. King Albert has sworn-in the Flemish Christian Democrat Herman Van Rompuy as head of a new

Belgium has a new prime minister, the third in 18 months. King Albert has sworn-in the Flemish Christian Democrat Herman Van Rompuy as head of a new

News

Gaza's humanitarian conditions deteriorate

With no end in sight to Israel’s air blitz, the humanitarian situation in Gaza is going from bad to worse. As hospitals struggle to cope, a

With no end in sight to Israel’s air blitz, the humanitarian situation in Gaza is going from bad to worse. As hospitals struggle to cope, a

News

Israel prepared for "long weeks of action" in Gaza

Pressing on with its offensive in Gaza, Israel has rejected any truce with Hamas, saying it is ready for “long weeks of action.” As air strikes

Pressing on with its offensive in Gaza, Israel has rejected any truce with Hamas, saying it is ready for “long weeks of action.” As air strikes

News

Pakistan closes NATO's Afghan supply route

Pakistan has closed the route used to supply foreign forces in Afghanistan as its army tries to crack down on insurgents in the area. The operation

Pakistan has closed the route used to supply foreign forces in Afghanistan as its army tries to crack down on insurgents in the area. The operation

News

Gazprom sets up HQ to cut supplies to Ukraine

Russian energy giant Gazprom says it has formed a special unit to deal with shutting off gas supplies to Ukraine in the hours ahead. It comes as

Russian energy giant Gazprom says it has formed a special unit to deal with shutting off gas supplies to Ukraine in the hours ahead. It comes as

News

Israeli house hit by rocket

While clouds briefly hid them from Israeli planes, , militants in Gaza fired more rockets into Israel this morning. One Qassam missile hit a home

While clouds briefly hid them from Israeli planes, , militants in Gaza fired more rockets into Israel this morning. One Qassam missile hit a home

News

EU foreign ministers to meet over Gaza

Diplomatic efforts to stop the violence in the Middle East are continuing. French President Nicolas Sarkozy has spoken to his Palestinian

Diplomatic efforts to stop the violence in the Middle East are continuing. French President Nicolas Sarkozy has spoken to his Palestinian

News

Israeli deaths mount due to Gaza retaliation

An Israeli woman has died after Palestinian militants fired a rocket at the town of Ashdod, which lies thirty kilometres from the border with Gaza

An Israeli woman has died after Palestinian militants fired a rocket at the town of Ashdod, which lies thirty kilometres from the border with Gaza

News

Israeli bombardment of Gaza continues

Israel’s fiercest bombardment of the Gaza Strip for forty years has continued into its fourth day. At least 10 Palestinians died overnight as fighter

Israel’s fiercest bombardment of the Gaza Strip for forty years has continued into its fourth day. At least 10 Palestinians died overnight as fighter

News

Injured Palestinians find refuge in Egypt

Injured Palestinians, hurt in the Israeli offensive against the Gaza strip, have been evacuated to Egypt. Dozens of wounded Palestinians have

Injured Palestinians, hurt in the Israeli offensive against the Gaza strip, have been evacuated to Egypt. Dozens of wounded Palestinians have

News

Hesse elections to kick-off German votes

Regional elections in Hesse are set to kick off a year of pre general election voting in Germany. The battle in Hesse is to be a familiar one

Regional elections in Hesse are set to kick off a year of pre general election voting in Germany. The battle in Hesse is to be a familiar one

News

Belgium hopes for a new goverment today

The man charged with forming a new government in Belgium says he expects to clinch a coalition deal later today. Flemish Christian Democrat Herman

The man charged with forming a new government in Belgium says he expects to clinch a coalition deal later today. Flemish Christian Democrat Herman

News

A former PM returns to power in Bangladesh

In Bangladesh, an alliance headed by the former Prime Minister Sheikh Hasina Wajed, has won a massive parliamentary majority in the first general

In Bangladesh, an alliance headed by the former Prime Minister Sheikh Hasina Wajed, has won a massive parliamentary majority in the first general