Roughly half of bankers in Britain and the United States received increased bonuses for 2010, according to a survey released on Tuesday, but anecdotal evidence suggests the average bonus was down at major investment banks. In the United States the average bonus fell 5%, the survey found. At some firms, bonuses dropped by double digits,
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. Thousands of Egyptians demanded an end to President Hosni Mubarak's 30-year rule and clashed with police in unprecedented countrywide protests on Tuesday inspired by the revolt that brought down Tunisia's president. "Down, down, Hosni Mubarak," chanted protesters in Cairo, where police fired teargas and used water cannon, and protesters hurled bottles and rocks at
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Long live the king. "The King's Speech," a British drama about wartime monarch King George VI's struggle to overcome a crippling stammer, led the Oscar field on Tuesday with 12 nominations, including best picture. Awards season favorite Colin Firth was nominated for his lead role in "The King's Speech" as the father of the current
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Rates of seasonal flu are rising in The Netherlands, Ireland, Spain and France, and the disease is spreading eastwards with hundreds of people needing treatment in intensive care units and death tolls also starting to rise. Experts at the European Centre for Disease Prevention and Control (ECDC), which monitors disease in the region, said they
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. A suicide bombing in the arrivals hall of Moscow's main airport suggests Islamist militants have a new target — the Kremlin's bid to attract foreign investors. Monday's attack ripped through crowds at Domodedovo, the country's busiest airport, just two days before President Dmitry Medvedev pitches Russia to the world's business elite at Davos. "On
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Hundreds of angry protesters burned tyres and blocked roads across Lebanon on Tuesday after a Hezbollah-backed politician was named prime minister, shifting the balance of power in the country towards Syria and Iran. The nomination of Najib Mikati is seen as a victory for Hezbollah, which is trying to fend off a U.N.-backed tribunal set
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South Africa is bidding to host a Formula One Grand Prix in Cape Town from 2013, which would be the country's first in nearly 20 years. Plans are for a Monaco-style race through the streets of Cape Town that pass along the Atlantic Ocean coast and by the stadium used in last year's soccer World
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The debut bond from Europe's financial rescue fund attracted robust demand on Tuesday, in the latest sign of confidence the bloc is getting to grips with the debt crisis that has haunted it for over a year. The International Monetary Fund (IMF) cautioned in a report that Europe still had work to do to restore
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Germany says it will only agree new measures to stabilise the euro zone if they come as part of a comprehensive package to solve the bloc's debt crisis that the European Union wants to agree in March. Europe's paymaster is being cast as a bully for rejecting proposals such as broadening the EFSF rescue fund
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It is the ultimate networking event for the global elite, but the annual World Economic Forum isn't all heavy-duty business and geopolitics. There is plenty to do "off piste", intellectually speaking, and it would be a shame not to take in some winter sport too. Dress warmly. Davos is 1,560 metres (5,118 feet) above sea
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