European leaders will push on Wednesday for an overhaul of global financial structures after Asia joined western bastions of capitalism in bailing out banks to avert financial meltdown and tackle looming recession.
Oil prices fell around a dollar on Wednesday, dragged lower by expectations economic weakness will cut further into demand for crude. U.S crude fell more than $1 to $77.45 a barrel and
British unemployment posted its biggest rise in 17 years in the three months to August as the jobless rate rose to its highest level in eight years, official data showed on Wednesday.
European shares headed lower on Wednesday to break a two-day winning streak as the euphoria over bold government action to arrest a financial sector meltdown dissipated and recession fears took centre stage.
The global financial crisis will hit the German economy but not lead to a major, lasting slump, German Chancellor Angela Merkel said on Wednesday. Speaking in the Bundestag, the lower house of
The International Monetary Fund must be reshaped to help regulate the world's financial system and avoid a repeat of the global credit crisis, British Prime Minister Gordon Brown said on Wednesday ahead
Sharp Corp President Mikio Katayama said the Japanese electronics maker aims to sell 11 million units of LCD TVs in the year to March despite an economic slowdown and a firmer yen,
Motorola Inc, the world's third-biggest phone maker, unveiled a touch-sensitive phone to be sold by Verizon Wireless, as both companies look to compete with Apple Inc's iPhone. Motorola, which has been losing
Cypriot Minister of Commerce, Industry and Tourism Antonis Paschalides met on Wednesday with Chief Executive of the UK Trade and Investment Programme Andrew Cahn, with an aim to strengthen and improve bilateral
Cypriot President Demetris Christofias will meet here today British Prime Minister Gordon Brown, on the sidelines of the European Council, which takes place in Brussels. Earlier, President Christofias will receive the Belgium
