Some of the world's most powerful finance chiefs will meet in an English stately home on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus' near meltdown fresh in their minds. Finance ministers and central bank governors from the Group of Seven industrialized economies probably will not break new ground
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Cyprus' central bank said on Thursday most of the depositors who lost money at bailed-out Bank of Cyprus were from overseas and that Cypriots had not been hit as hard as might have been expected. "Seventy percent of the value of deposits concerned overseas residents, leaving Cypriot households and businesses unaffected to a greater extent
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passengers can check-in and download boarding passes in less than 10 seconds easyJet, the UK’s largest airline, is now trialling mobile boarding passes. Flights departing from six airports will be included in the trial – London Stansted, London Southend, Manchester, Edinburgh, Amsterdam and Nice. Passengers travelling from the airports included in the trial will
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A four-seater flying car that it could be on the roads within a decade Stuck in traffic jam? Use your car's flying button. Seriously! US scientists have designed a gen-next flying car capable of taking off vertically and flying completely on its own – and it could be on the roads within a decade. An
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The European Commission agreed to impose punitive import duties on solar panels from China in a move to guard against what it sees as dumping of cheap goods in Europe, prompting a cautious response from Beijing which called for further dialogue. EU commissioners backed EU Trade Chief Karel De Gucht's proposal to levy the provisional
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Strong Australian jobs data and a surprise interest rate cut by South Korea underpinned Asian shares on Thursday after Wall Street's extended record run, but prices were capped by concerns that a pick-up in inflation in China will limit its policy options. European stock markets were seen narrowly mixed, with financial spreadbetters predicting London's FTSE
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Eight people were killed when a fire swept through a clothing factory in Bangladesh, police and an industry association official said on Thursday, as the death toll from the collapse of another factory building two weeks ago climbed above 900. The fire, in an industrial district of Dhaka, comes amid global attention on safety standards
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Everton chairman Bill Kenwright cut a resigned figure after meeting manager David Moyes late on Wednesday, admitting he could do little to prevent the Scot from making the seemingly inevitable move to Manchester United. Moyes was quickly installed as the bookmakers' favourite to replace Alex Ferguson, British football's most successful manager, who announced he was
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If Cyprus or Greece or Italy leave the Eurozone, they will be less competitive, and the Eurozone will disappear, former Cyprus President George Vassiliou said in an interview published by PwC. “Maybe that is to the benefit of some people or some countries but is certainly not to the benefit of the world,” Vassiliou said
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EasyJet is now trialling mobile boarding passes. Flights departing from six airports will be included in the trial – London Stansted, London Southend, Manchester, Edinburgh, Amsterdam and Nice. Passengers travelling from the airports included in the trial will be able to check-in in less than 10 seconds, download and store their boarding passes on iPhone
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