The United Nations will call a new summit between leaders of Cyprus in January to prod flagging peace talks after a two-day meeting failed to score a substantial breakthrough, a source close to talks said on Monday. Secretary-General Ban Ki-moon, who oversaw a large part of negotiations in Long Island on Sunday and Monday, was
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Greek Prime Minister George Papandreou risks a new euro zone crisis with his shock announcement that he will put the bailout deal struck last week to try to contain the bloc's debt mountain to a referendum of voters already angry at harsh cuts. Euro zone leaders agreed to hand Athens a second, 130-billion-euro bailout and
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The United States criticized China on Monday for failing to fulfill World Trade Organization commitments to open its financial services market, while the European Union and Japan pressed for answers on specific areas of Beijing's regulations. "While we welcome China's progress in implementing many of its financial services commitments, it appears that China has not
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The gap between top and mid-range earners in Britain is likely to widen, with the biggest pay differences currently to be found in the financial sector and in London, a think tank said on Tuesday. The findings come as protesters inspired by "Occupy" protests around the world continue to camp near the London Stock Exchange
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Renewed worries about the slow progress in resolving the euro zone's debt crisis dampened investor appetite for risk, sending Asian shares and commodities lower on Tuesday while keeping pressure on the euro. The switch to safety helped the dollar firm against six major currencies, although it slipped from Monday's three-month peak against the yen after
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Australia's Qantas Airways plans to cut fares and launch an advertising blitz to win back passengers, a newspaper said, after its showdown with unions caused international travel chaos and left almost 70,000 travellers stranded. Qantas flights returned to normal on Tuesday for the first time since it grounded its global fleet last weekend, a deliberate
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U.S. President Barack Obama will hold bilateral meetings with French President Nicolas Sarkozy and German Chancellor Angela Merkel while in France for the G20 this week, a White House spokesman said on Monday.
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Wrapped in a white blanket, Nargis Yadav lies in the arms of her mother in a small rural clinic in north India — one of half a million babies born around the world on Monday that will push the global population to the milestone of seven billion. The U.N.-declared landmark underscores the challenges faced by
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Instead of checking the local newspaper or social networks, a new app takes the guesswork out of finding local events and what is happening nearby. Called Roamz, the app aggregates data from social networks around a particular location to provide information about what is happening at venues in the area. Roamz founder and CEO Jonathan
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Australia's Qantas Airways returned to the air on Monday after grounding its entire global fleet over the weekend in a bold tactic to force the government to intervene in the nation's worst labour dispute in a decade. Qantas took the drastic step to ground all flights on Saturday, disrupting 70,000 passengers and spurring the government
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