European shares slumped on Monday as nervousness gripped the market after Lehman Brothers filed for bankruptcy protection and a newspaper reported that AIG sought $40 bln from the Federal Reserve. By 0843
Oil tumbled to $98 a barrel on Monday on signs Hurricane Ike may have spared key U.S. energy infrastructure and turmoil in the U.S. financial system fanned global economic concerns. The ruptured
Britain's leading share index tumbled 3.4% in early trade on Monday, led by bank stocks after U.S. investment bank Lehman Brothers failed to find a rescuer and filed for bankruptcy protection. By
Hollywood is challenging the hegemony of Apple in digital distribution. A consortium of major studios — excluding key Apple ally Walt Disney Co. — is teaming up with leading retailers and consumer-electronics
Global financial markets were shaken to their core on Monday after Lehman Brothers filed for bankruptcy protection and Merrill Lynch agreed to be taken over as a deepening crisis took new, bigger
The leaders of the two communities in Cyprus, President of the Republic Demetris Christofias and Turkish Cypriot leader Mehmet Ali Talat, have expressed their commitment to work hard to reach a solution
Foreign Minister Markos Kyprianou has said that the Greek Cypriot side has to show seriousness in the process of direct negotiations for a settlement of the Cyprus question and expressed hope that
European stocks tumbled in early trade on Monday after Wall Street firm Lehman Brothers filed for bankruptcy protection, sending fresh tremours into financial markets. By 0720 GMT, the FTSEurofirst 300 index of
Lehman Brothers Holdings Inc filed for bankruptcy protection, after trying to finance too many risky assets with too little capital, making it the largest and highest-profile casualty of the global credit crisis.
Google Inc has bought Korean blogging software developer Tatter and Company, the two companies said on Friday. The companies did not disclose how much Google paid for the acquisition. Tatter co-chief executive
