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Economy and Politics news articles.

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Former prime minister and centre-right leader Silvio Berlusconi says he is against the idea of a new technocratic government for Italy like that led...

President Barack Obama has signed the so-called Monsanto Protection Act bill into law

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President Barack Obama has signed the so-called Monsanto Protection Act bill into law. The bill, the HR 933 continuing resolution, was written in part by the...

Cyprus bank deposits over 100,000 euros could be cut by 40 percent

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Cypriot Finance Minister Michalis Sarris has confirmed that the depositors with less than 100,000 euros in their accounts "will not be hit". People with more...

Cyprus banks are to reopen on March 26, although Bank of Cyprus and Laiki will remain shut until March 28

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Cyprus banks are to reopen on Tuesday, March 26, although the two at the centre of the crisis, Bank of Cyprus and Laiki, will...

Mississippi authorities are investigating the death of State Representative Jessica Upshaw, who was found dead in a suspected suicide at the home of former lawmaker Clint Rotenberry

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Mississippi authorities are investigating the death of State Representative Jessica Upshaw, who was found dead in a suspected suicide at the home of former...

Laiki Bank, Cyprus' second-biggest, will be wound down and holders of deposits of more than 100,000 euros will face big losses after Eurogroup agreed on bailout

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Eurogroup have agreed a deal on a 10 billion-euro bailout for Cyprus to prevent its banking system collapsing and keep the country in the...

Cypriot President Nicos Anastasiades is locked in bailout talks with EU, European Central Bank and IMF leaders in Brussels

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A key meeting of Eurogroup (eurozone finance ministers) to finalize a crucial bailout for Cyprus has been delayed as talks to hammer out an...

Cyprus has made significant progress in talks with the EU and IMF aimed at securing a bailout

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Cyprus’ Finance Minister Michael Sarris has announced the country has made "significant progress" in talks with the EU and IMF aimed at securing a...

Cyprus parliament has voted to restructure the island's banks

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Cyprus parliament has voted to restructure the island's banks, set up a "national solidarity fund", and establish capital controls to prevent a bank run. Efforts...

Cyprus parliament has approved a "national solidarity fund" to ease the banking crisis

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Cyprus parliament has approved a "national solidarity fund" to ease the banking crisis, which has hit confidence across the eurozone. MPs also imposed capital controls...

Lebanon’s PM Najib Mikati has announced the resignation of his entire cabinet

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Lebanon’s PM Najib Mikati has announced the resignation of his entire cabinet. The move comes after the deeply divided cabinet failed to approve a commission...

German Chancellor Angela Merkel warned Cyprus not to exhaust the patience of its eurozone partners

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Germany and EU leading bankers have urged the Cypriot parliament to quickly find a way of raising the 5.8 billion euros needed to qualify...

Italy's President Giorgio Napolitano has asked centre-left leader Pier Luigi Bersani has been to try to form a new government, following inconclusive elections

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Italy's President Giorgio Napolitano has asked centre-left leader Pier Luigi Bersani has been to try to form a new government, following inconclusive elections. Pier Luigi...

Nicolas Sarkozy has been placed under formal investigation over claims his 2007 election campaign received illegal donations from L'Oreal heiress Liliane Bettencourt

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France’s ex-President Nicolas Sarkozy has been placed under formal investigation over claims his 2007 election campaign received illegal donations from L'Oreal heiress Liliane Bettencourt,...

Cypriot political leaders have dropped the unpopular levy on bank deposits in a new bailout plan

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The Cypriot political leaders have dropped the unpopular levy on bank deposits in a new bailout plan. There was outrage over an earlier plan to tax...

Cyprus banks, which were closed to prevent mass withdrawals, will remain shut until at least March 26th

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Cyprus officials have announced the country's banks, which were closed to prevent mass withdrawals, will remain shut until at least Tuesday, March 26th. The Cypriot...

Senator Dianne Feinstein said she might put forward the assault weapons proposal, similar to a previous one she sponsored that expired in 2004, as an amendment to the bill

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US Senate Democrats will ditch a plan to ban assault weapons, all but killing off a key part of a gun control campaign prompted...

Cyprus' parliament has rejected the controversial levy on bank deposits

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Cyprus' parliament has rejected the controversial levy on bank deposits, proposed as part of an EU-IMF 10 billion-euro ($13 billion) bailout package. No MPs voted for...

Benjamin Netanyahu will return as Israel’s prime minister, heading a coalition that includes parties that support Jewish settlements on Palestinian land

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Israel's new coalition government, led by Benjamin Netanyahu, has been sworn in after nearly two months of negotiations between political parties. Benjamin Netanyahu will return...

Cyprus' parliament vote on bailout deal that has sparked huge public anger has been delayed until Tuesday

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Cyprus' parliament vote on bailout deal that has sparked huge public anger has been delayed until Tuesday. President Nicos Anastasiades has been meeting MPs in...

Cypriot President Nicos Anastasiades says he is battling against eurozone demands that all bank customers pay a one-off levy in return for a bailout

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Cypriot President Nicos Anastasiades says he is battling against eurozone demands that all bank customers pay a one-off levy in return for a bailout. Nicos...

China’s new President Xi Jinping has said he will fight for "the great renaissance of the Chinese nation," in his first speech as head of state

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China’s new President Xi Jinping has said he will fight for "the great renaissance of the Chinese nation," in his first speech as head...

Many Cypriots, shocked that the bailout imposes a levy on bank deposits of up to 10 percent, were seen queuing to withdraw cash

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Cyprus’ President Nicos Anastasiades has said a big bailout, which has provoked mass public anger, was needed to avoid a "disorderly bankruptcy". The 10 billion-euro...

Raila Odinga has filed a Supreme Court appeal against Uhuru Kenyatta's narrow victory in the recent presidential election's first round

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Kenya’s PM Raila Odinga has filed a Supreme Court appeal against Uhuru Kenyatta's narrow victory in the recent presidential election's first round. Uhuru Kenyatta beat...

Zimbabwe starts voting in key referendum on a new constitution, amid simmering political tensions

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Zimbabwe starts voting in key referendum on a new constitution, amid simmering political tensions. Both main parties - Zanu-PF and the MDC - are urging...