A dearth of bank credit risks exacerbating Britain's recession, regulators warned on Monday, as British Prime Minister Gordon Brown vowed to reform banks' bonus culture held partly responsible for the financial crisis.
The Czech presidency of the European Union called on Monday for an emergency summit on the economic crisis as a row between Prague and Paris escalated over French plans to help its
British Prime Minister Gordon Brown, seeking to head off mounting public anger over bankers' bonuses, pledged on Monday to end rewards for failure in a financial system crippled by the credit crisis.
Banks should be left to sort out their own toxic assets and troubled loans and create so-called "bad banks" with enough financial clout to be able to unwind over time, a veteran
The government is keen on speedy implementation of its EUR 300 mln stimulus package, but property developers are sounding the alarm bells that a large chunk of the package, earmarked to build
Stock futures dropped on Monday as a delay in the announcement of the Obama administration's bank rescue plan disappointed investors and another wave of poor earnings showed more economic upheaval. Adding to
Chairwoman of the House Finance Committee Antigoni Papadopoulou, leaves for Brussels Tuesday to take part in the European Parliament’s Committee on Economic and Monetary Affairs fifth annual meeting with National Parliaments on
The Cyprus Football Association is hosting the 12th International Football Tournament, comprising the national teams of Cyprus, Serbia, Ukraine and Slovakia. Cyprus will face Serbia tomorrow (19:00 local time -1700 GMT) at
Britain is at risk of a deeper-than-expected recession as a continued dearth of bank credit exacerbates falls in house prices, consumer spending and business investment, the UK's Financial Services Authority said. In
Microsoft Corp is planning to offer new programs and services for mobile phones, including an "online bazaar" for software, the Wall Street Journal reported on Sunday. The online bazaar would be for
