Brent climbs above $113

Brent crude oil futures rose above $113 a barrel on Tuesday as a jittery market jumped higher on a report, soon denied, of Saudi involvement in Bahrain. A Saudi Arabian official quickly

Dior fires Galliano after racism video

French fashion house Christian Dior fired John Galliano on Tuesday after an online video clip circulated around the world showing its star designer shouting anti-Semitic abuse at people in a Paris bar.

Greek inflation at 4.9% in January

Greece’s harmonized inflation rate was 4.9 pct in January 2011, up from a 2.3 pct figure recorded in January 2010, Hellenic Statistical Authority said on Monday. The statistics service, in a report,

Oil will not derail recovery

A sustained period of higher oil prices would significantly affect developing economies but is unlikely to derail their strong recovery since the financial crisis, a senior World bank official said on Monday.