Business
Luxembourg would consider greater transparency in its banking sector
Known for its highly secretive banking sector, Luxembourg would now consider a greater transparency in banks activity to help curb tax evasion, Finance Minister Luc...
Pervez Musharraf permitted to run in Pakistan general elections
Former Pakistani military leader Pervez Musharraf has been given the permission to run in the country’s general elections next month. General Pervez Musharraf will be...
Barack Obama ready to cut US pensions to strike deficit deal with Republicans
President Barack Obama is ready to offer cuts to Americans' pensions to strike a deficit deal with Republicans, a White House official says. In return,...
Kamala Harris: Barack Obama apologizes for “good looking” remarks
President Barack Obama has apologized to California Attorney General Kamala Harris for the “good looking” remarks he made at a fundraising event on Thursday. Barack...
Jose Mujica caught on microphone calling Cristina Fernandez de Kirchner an “old hag”
Argentina has made an official protest after Uruguay’s President Jose Mujica was caught on microphone apparently referring to President Cristina Fernandez de Kirchner as...
Bank of Cyprus key data about bond purchases missing
Investigators have found that some key data about bond purchases by Bank of Cyprus is missing. According to Cypriot media, the gaps were found in...
Nikkei 225 reaches highest level since 2008
Japan's stock market has reached its highest level since 2008, after a recent central bank stimulus plan raised hope of economic revival. The main Nikkei...
Pope Francis to close Vatican Bank
Pope Francis prepares to tackle some of the Catholic Church's major problems and he starts with the Vatican Bank, which has been accused of...
Francois Hollande faces financial scandal as his campaign treasurer invested in offshore companies
France’s President Francois Hollande is facing a financial scandal after it emerged that his former Socialist Party treasurer Jean-Jacques Augier invested in two Cayman...
Cyprus initial bailout plan was not smart, says ECB President Mario Draghi
ECB President Mario Draghi has said the initial plan to make small savers pay for the Cyprus bailout was "not smart". Mario Draghi said a...
Barack Obama takes 5% salary cut during sequester
President Barack Obama has decided to give 5% of his salary back to the government to show solidarity with the federal workers who took...
McDonald’s demands bachelor degree for full time cashier
A McDonald's outpost in Winchendon, Massachusetts, is demanding a bachelor degree in a call-out for a full time cashier. It used to be high school...
German economy slows to “near stagnation” in March 2013
The German economy slowed to "near stagnation" in March 2013, while France's recorded its biggest contraction for four years, according to a Markit survey. The...
Bank of Japan to expand country’s money supply to stimulate economy growth
The Bank of Japan (BOJ) has announced it will dramatically expand the country's money supply, as it tries to stimulate the economy growth. The Japanese...
Connecticut approves gun control measures in response to Newtown shooting
Connecticut lawmakers have approved gun control measures, which campaigners say are the strictest in America, following December Sandy Hook massacre. The new restrictions include a ban...
Cyprus agrees on challenging rescue plan to release bailout
Cyprus has officially agreed to a set of measures that will release a 10 billion-euro ($12.8 billion) IMF-EU bailout. The IMF, which is contributing 1...
Dow Jones and S&P 500 set new all-time highs on Wall Street
Dow Jones and Standard & Poor's 500 share indexes have set new all-time highs on Wall Street. Now the stock markets are returning to levels...
Samoa Air starts charging passengers by weight not for seat
Samoa Air boss Chris Langton defends the airline's decision to start charging passengers according to their weight. Chris Langton told Australia's ABC Radio that it...
Cyprus Finance Minister Michalis Sarris resigns
Cyprus Finance Minister Michalis Sarris has decided to resign after completing talks on the controversial IMF-EU bailout deal. Michalis Sarris will be replaced by Labour...
Eurozone unemployment rate hit 12% in February 2013
Eurozone unemployment rate reached new record high of 12% in February 2013, according to the official figures. The number of people unemployed in eurozone, which includes...
Stockton, CA, becomes the most populous US city ever to enter bankruptcy protection
California city of Stockton has become the most populous US city ever to enter bankruptcy protection after a judge has approved its bankruptcy filing. Stockton...
Caroline Kennedy to be next US ambassador to Japan
Caroline Kennedy, daughter of former President JFK, has been asked by President Barack Obama to be the US ambassador to Japan. Caroline Kennedy was a...
Sudan to release all political prisoners
Sudan's President Omar al-Bashir has announced a decision to free all political prisoners in the country. In a speech at the opening of parliament, Omar...
Cyprus crisis: Russia will not compensate its citizens who lost money in banking crisis
The Russian government has announced it will not compensate its citizens who have lost money in the Cyprus banking crisis. Russian citizens are believed to...
Novartis patent plea for Glivec new version rejected by India’s Supreme Court
India's Supreme Court has rejected a plea by Swiss drugmaker Novartis to patent an updated version of its cancer drug, Glivec. Novartis had been denied...
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