Business
US Congress leaders have one more day to reach fiscal cliff deal
US Congressional leaders have one more day to stop the threat of steep tax rises and spending cuts, known as the "fiscal cliff", after...
Bolivia brings two Spanish-owned electricity supply companies under state control
Bolivia has decided to bring two Spanish-owned electricity supply companies under state control. President Evo Morales accused the subsidiaries of the Spanish company, Iberdrola, of...
Barack Obama makes no new offer on fiscal cliff
President Barack Obama has used a last-ditch White House meeting to urge Congress to back an interim plan to avoid the "fiscal cliff", reports...
French 75% tax rate struck down by constitutional council
France's constitutional council has struck down a top income tax rate of 75% introduced by Socialist President Francois Hollande. Raising taxes for those earning more...
Mario Monti to lead Italian coalition of centre parties
Outgoing Prime Minister Mario Monti is to lead a coalition of centre parties going into Italy's parliamentary election in February. Speaking to reporters after four hours of...
Toyota agrees $1 billion compensation deal, the largest settlement involving car defects in US history
Toyota has agreed on a more than $1 billion compensation deal to settle a legal case involving unintended acceleration problems in its vehicles. Toyota said...
South Korea cuts growth forecast for 2012 and 2013
South Korea has decided to cut its growth forecast for this year and for 2013, underlining the effect of a slowdown in its key...
Shinzo Abe voted in as Japan’s prime minister for second time
Former Japan’s Prime Minister Shinzo Abe has been voted in as prime minister again by MPs, after his party's poll victory earlier this month. Shinzo...
Italian parliament dissolved following Prime Minister Mario Monti’s resignation
Italian parliament has been dissolved by President Giorgio Napolitano following caretaker Prime Minister Mario Monti's resignation. The move paves the way for elections, now confirmed...
Mario Monti resigns as Italy’s prime minister
Italian Prime Minister Mario Monti has resigned today, keeping a promise to step down after the passing of his budget by parliament. MPs earlier passed...
Venus: Steve Jobs’ yacht impounded in Amsterdam over bill dispute
Venus, the minimalist high-tech yacht commissioned by late Steve Jobs, has become embroiled in a row over a disputed bill. French designer Philippe Starck claims...
Republicans cancel vote on John Boehner’s fiscal cliff “Plan B”
Republicans have cancelled a tax vote in the US Congress, less than two weeks before a deadline for budget reform. Republican House speaker John Boehner...
Qantas – Emirates deal backed by Australia’s competition authority
Qantas Airways has been given initial approval from Australia's competition authority for its proposed alliance with Dubai-based Emirates. The Australian Competition and Consumer Commission (ACCC)...
Park Geun-hye becomes South Korea’s first female president
Park Geun-hye, the daughter of former dictator Park Chung-hee, defeated her liberal rival Moon Jae-in in South Korea’s presidential election. Park Geun-hye will be South...
South Korea presidential election: Park-Geun-hye seeks to become first female president
Millions of South Koreans have cast ballots in a presidential election seen as too close to call. Park Geun-hye of the governing Saenuri party is...
UBS fined $1.5 billion for attempting to manipulate Libor rate
Swiss banking giant UBS has agreed to pay $1.5 billion to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending...
S&P increases Greece’s rating from selective default to B-minus
Standard and Poor's has raised the credit rating of Greece's sovereign debt by six levels, praising the "strong determination" of fellow European countries to...
Jacob Zuma re-elected as African National Congress leader
South Africa’s President Jacob Zuma has been re-elected as leader of country’s governing African National Congress. Jacob Zuma, 70, received an overwhelming majority of votes...
South Africa’s ANC meets in Manguang to elect its next leader
South Africa's governing African National Congress (ANC) is holding its party congress at which members will vote for its next leader. President Jacob Zuma is...
Japan votes in general election
People are voting in a general election in Japan, where former leader Shinzo Abe is challenging the current prime minister, Yoshihiko Noda. Shinzo Abe's Liberal...
Avigdor Lieberman, Israeli Foreign Minister, resigns after being charged with breach of trust
Israeli Foreign Minister Avigdor Lieberman has been forced to resign after prosecutors decided to charge him with breach of trust. Avigdor Lieberman has also resigned...
Ukraine’s Parliament brawl while Femen protest against corruption staged outside
Ukrainian parliament’s new session got off to a dramatic start with MPs brawling on the floor of the chamber while a Femen protest against...
Abhisit Vejjajiva, former Thai PM, charged with murder
Abhisit Vejjajiva, the former Thai prime minister, has been charged with murder over the death of a taxi driver shot by soldiers during political...
Eurozone agrees strict bank rules
European finance ministers have reached a deal on rules for supervising eurozone banks, ahead of a new EU summit. Around 200 of the biggest banks...
Porsche beats its annual record for most cars sold
Porsche has announced it has already beaten its annual record for most cars sold. The carmaker sold 128,978 cars worldwide in the 11 months to...
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