UK retailers take gloomy view as downturn bites

Downbeat results and gloomy outlooks at leading British retailers DSG and Kingfisher underlined the severity of the economic slowdown on Thursday, as Woolworths collapsed into administration. Britain's retailers are struggling with intense

EU slams Cyprus over EAC Vasiliko power deal

The European Commission has decided to refer Cyprus to the European Court of Justice over the award of a public contract for Vasilikos Power Station, the EU’s executive body announced in Brussels

Mumbai gunmen battle army, some hostages freed

Indian commandos freed hostages from Mumbai's Taj Mahal hotel on Thursday but battled on with Islamist militants who launched an audacious attack across India's financial capital, killing more than 100 people. The