Business
US Olympic medal winners taxed on their prize money
US medal-winning athletes at the Olympics will have to pay tax on their prize money - something which is proving controversial in the US. But...
Clint Eastwood endorses Mitt Romney’s presidential campaign
Clint Eastwood has endorsed Republican Mitt Romney in the race for the White House. Oscar-winning actor and director Clint Eastwood attended a Mitt Romney fundraiser...
European markets fall following ECB’s proposals
European markets have fallen after the European Central Bank (ECB) president Mario Draghi said the bank would come up with ways to help struggling...
Why does the US election cost so much?
According to new figures released by the Center for Responsive Politics, the estimated price tag for the US elections in November is almost $6...
Egypt’s new cabinet to be officially announced and sworn in by Mohammed Mursi
Egypt's new government is due to be officially announced and sworn in by President Mohammed Mursi, who took office last month. Media reports suggest Prime...
Golden Dawn party hands out free food only to Greek nationals
Far-right Golden Dawn party in Greece has handed out free food to hundreds of struggling people in central Athens, but only to Greek nationals. The...
UBS lost $356 million by investing in Facebook shares
Swiss bank UBS lost 349 million Swiss francs ($356 million) by investing in Facebook shares, more than halving its profits. UBS's second quarter profits were...
Activist Alexei Navalny charged with embezzlement
Russian anti-corruption campaigner Alexei Navalny has been charged with embezzlement in a case he describes as "strange and absurd". Federal investigators in Moscow brought charges...
US gas prices at the pump rise for the first time in three months
US consumers are facing higher gasoline prices at the pump as wholesalers sell crude oil onto them at rising prices, Lundberg Survey has said. The...
Peru’s President Ollanta Humala renews poverty vow marking his first year in office
Peruvian President Ollanta Humala has marked his first year in office by pledging to increase social spending to help the country's poorest people. In the...
Romania votes on President Traian Basescu’s impeachment
Romanians are voting in a referendum on whether to impeach President Traian Basescu. Traian Basescu has already been suspended by parliament in a series of...
Apple is about to buy a stake in Twitter
Apple is reportedly considering buying a stake in Twitter worth hundreds of millions of dollars. The technology giant, which has stumbled on the social media...
US economy growth slows to 1.5% in second quarter
The US economic growth slowed in the second quarter to an annualized pace of 1.5%, as consumer spending eased. But growth in the first three...
Facebook shares fall to a new low
Facebook shares have fallen to a new low, as concerns about its mobile strategy sparked a sell-off when markets opened on Friday. Late Thursday, in...
Raul Castro is willing to hold talks with the US
Cuba’s President Raul Castro has made a seemingly impromptu address at a Revolution Day ceremony and said he is willing to hold talks with...
Who is Ri Sol-Ju, the wife of North Korean leader Kim Jong-Un?
More details are emerging in South Korea about Ri Sol-Ju, the woman identified as the wife of North Korean leader Kim Jong-Un. A lawmaker, quoting...
Gu Kailai, Bo Xilai’s wife, charged with murder of Neil Heywood
Gu Kailai, the wife of disgraced Chinese political leader Bo Xilai, has been charged with murder, state news agency Xinhua has reported. Gu Kailai and...
Jose Manuel Barroso in Athens for Greece economy talks
European Commission President Jose Manuel Barroso is heading to Athens for talks on Thursday amid concern over whether Greece has done enough to get...
Kim Jong-Un is married to Ri Sol-Ju, North Korean media confirms
North Korean leader Kim Jong-Un is married, state media have confirmed for the first time. Reports referred to Kim Jong-Un attending the opening of an...
John Dramani Mahama sworn in as Ghana’s new president
John Dramani Mahama, Ghana's new president, has pledged to uphold stability following the death of his predecessor John Atta Mills. Former Vice President John Dramani...
Peugeot reports 819 million Euros loss
French car maker Peugeot has reported a loss of 819 million Euros ($1 billion) for the first half of the year and has detailed...
Ghana’s President John Atta Mills dies from throat cancer at 68
Ghana's President John Atta Mills has died from throat cancer aged 68. A statement from his office said John Atta Mills died in the country’s...
Germany at risk to lose its AAA credit rating
Moody's has warned the outlook for Germany's AAA credit rating is negative, the first step towards a possible downgrade. Credit ratings agency Moody's said the...
South Korean President Lee Myung-bak apologizes to the nation
South Korean President Lee Myung-bak has apologized to the nation over corruption investigations involving his brother and former aides. "I bow my head and apologize...
Greece: troika to audit country’s progress on debt reduction
Representatives from the troika of international lenders arrive in Greece on Tuesday to assess its progress towards reducing its huge debts. They must decide whether...
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