Business
Cyprus bailout deal agreed by Eurogroup with Laiki Bank to be wound down
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...
Cyprus crisis: Nicos Anastasiades bailout talks with troika leaders delay Eurogroup meeting in Brussels
A key meeting of Eurogroup (eurozone finance ministers) to finalize a crucial bailout for Cyprus has been delayed as talks to hammer out an...
Kit Kat Chunky bars recalled after plastic found
Nestle has decide to recall some of its varieties of Chunky Kit Kat after seven people in UK found pieces of plastic in bars. Peanut...
Cyprus makes significant progress in bailout talks with EU and IMF
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 continues bailout talks after passing banking reforms
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 approves national solidarity fund
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 steps down
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...
Angela Merkel warns Cyprus not to exhaust eurozone patience
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...
Pier Luigi Bersani asked to form new Italian government
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 placed under formal investigation in Bettencourt case
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,...
Cyprus drops controversial bank levy in a new bailout plan
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...
Volkswagen to recall nearly 400,000 cars in China
Volkswagen has decided to recall 384,181 cars in China to replace a part of their gearboxes, its largest recall in the country to date. Last...
Cyprus banks to remain closed until March 26
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...
Lufthansa cancels more than 500 flights ahead tomorrow’s strike
Lufthansa has cancelled more than 500 flights in advance of a strike by workers on Thursday. The Verdi union has called on 33,000 employees to...
Marmite returns to New Zealand stores after surviving Marmageddon
Marmite has returned to New Zealand supermarkets for the first time in over a year, after shortages caused by the Christchurch quake. The February 2011...
Death Wish Coffee: World’s strongest coffee contains 200% more caffeine than average cup
Death Wish Coffee is an US-based company claiming to produce the first and last cup of coffee ever needed to kick start your work...
Assault weapons ban dropped from US Senate bill
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 rejects controversial levy on bank deposits
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...
Lululemon forced to recall black Luon yoga pants and crops
Lululemon Athletica has been forced to take its black yoga pants off the shelves because the sheer material reveals too much. Lululemon said yesterday that...
HSBC faces fresh accusations of money laundering in Argentina
HSBC, which was hit with a $1.9 billion US fine for money laundering last year, is facing fresh accusations of illegal activity in Argentina. Argentina...
Israel’s new government sworn in after two months of negotiations
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 banks closed until March 21st
Cyprus’ central bank has announced that the nation's banks will stay closed until Thursday, March 21, as fears mount of a bank run. Cyprus' banks...
Cyprus parliament vote on bailout deal delayed until Tuesday
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...
Asian and European markets fall after Cyprus bailout deal
European markets follow Asian shares downward on fears that the plan to bailout Cyprus could trigger an escalation of the eurozone debt crisis. The EU...
EU CO2 rules will save drivers cash
European drivers will save €3,800 over the lifetime of their cars if the EU imposes strict new CO2 standards on manufacturers, according to a...
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