British budget airline easyJet said Stelios Haji-Ioannou, its founder and largest shareholder, has withdrawn his request to convene an extraordinary general meeting to remove a member of its board. Haji-Ioannou, whose family own about 38% of easyJet, had been seeking to remove Rigas Doganis, an easyJet non-executive director, in protest over the airline's plans to

Britain's leading share index pushed higher on Friday, steadying after sharp falls in the previous session supported by firmer banks after the Group of 20 major economies said they would take all steps needed to calm the global financial system. However, the blue chip index saw an opening 1% bounce back above the 5,100 level

European shares inched up from 26-month lows on Friday and the euro rose after the G20 major economies pledged to preserve financial stability, but risk sentiment remained fragile on fears of renewed recession in the developed world. Finance ministers and central bankers from the Group of 20 said they would take "all steps necessary" to

The Greek government and the country's sports betting monopoly OPAP have agreed the outlines of a 1 bln euro ($1.37 bln) deal to extend the company's concession and award it new gaming licences, newspaper Kathimerini said on Thursday, without citing sources. Greece aims to extend OPAP's monopoly by 10 years and grant it a licence

Greek banks do not need to be nationalised but should receive direct support from the currency bloc's bailout fund, the head of a new EU task force set up to help rebuild the Greek economy was quoted on Friday as saying. "The banks did rock solid business until the start of the debt crisis. Therefore

Greece's finance minister has told lawmakers he sees three scenarios to resolve the debt crisis, including one involving an orderly default with a 50% haircut for bondholders, two Greek newspapers reported on Friday. A government spokesman dismissed the reports, which said the other scenarios would be a disorderly default or the implementation of a second,

An international team of scientists said on Thursday they had recorded sub-atomic particles traveling faster than light — a finding that could overturn one of Einstein's long-accepted fundamental laws of the universe. Antonio Ereditato, spokesman for the researchers, told Reuters that measurements taken over three years showed neutrinos pumped from CERN near Geneva to Gran

Oil, the lifeblood of the battered Libyan economy, is starting to trickle onto the world market as the country recovers from seven months of fighting, but it could take as long as three years to get back to pre-war output levels, analysts say. Before the conflict, Libya turned out 1.6 million barrels per day (bpd)

U.S. Treasury Secretary Timothy Geithner said on Thursday that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy. Earlier this year, soaring oil prices and the Japan earthquake slowed economic growth substantially, but Geithner said those two "shocks" have started to fade. "The two

Greek workers staged a 24-hour strike on Thursday forcing the transport system to a standstill in protest against the government's intensified austerity drive to secure aid to save the debt-laden country from bankruptcy. About 1,000 members of the Communist group MAS marched to parliament chanting "Resist" and "Wealthy should pay for this crisis" as part