British bank savings of up to 50,000 pounds will be guaranteed by the government from next week and the sum could be further increased as regulators battle to restore confidence in the
U.S. employers cut payrolls at the steepest rate in 5-1/2 years during September, slashing an unexpectedly large 159,000 nonfarm jobs as employment contracted for a ninth straight month. The unemployment rate was
The UK economy is likely headed into a recession. 67% of economists now believe the UK will go into recession within the next year and this number has been rising. At 9.5x
The UN Secretariat team dealing with the Cyprus problem has reached the conclusion that the process of direct negotiations to solve the island's political question is moving at a slow pace. The
Cypriot teams APOEL FC and Omonia AC of Nicosia have been eliminated from the UEFA Cup. APOEL secured a 1-1 draw in ''Veltins Arena'' with Germany's Schalke, which advanced in the Cup's
Oil fell nearly a dollar to near $93 a barrel on Friday, its third consecutive day of losses, on skepticism that a U.S. bailout package would be enough to prevent further oil
Skype, eBay Inc's Web communications unit, said on Thursday that TOM Online Inc, majority owners of Skype's Chinese venture TOM-Skype, had been monitoring and storing some of its users' text messages without
Nokia, the world's top mobile phone maker, launched its free music package on Thursday, issuing a challenge to Apple Inc's dominance of the digital music market. The Finnish company also launched its
The global financial crisis has thrown British Prime Minister Gordon Brown and his ruling Labour party a lifeline in the battle to avoid a crushing defeat by the opposition Conservatives in the
Europe's top banker pressed the U.S. Congress to approve a $700 billion bailout of the U.S. financial industry on Friday and urged European states to unite in tackling a crisis now shaking
