Global Manufacturing Slumps On Lingering Euro Zone Debt Crisis
Euro zone Purchasing Managers Index (PMI) numbers continued their 11-month straight contraction, with manufacturing in Italy, Spain and Greece continuing their alarming downward trends.
'We're More Important': German Bundesbank Chief Warns Draghi Over ECB Bond Buying
The call comes after European Central Bank President Mario Draghi said last week he would do "whatever it takes" to save the common currency, prompting speculation the ECB was poised to buy bonds from debt-ridden nations in a bid to lower borrowing costs and prop up their economies.
?We Are On The Brink?: Greek Government Nearly ?Out Of Cash? Says Finance Minister
While Greece awaits the latest round of bailout cash from international lenders, the country is fast approaching a new payment deadline and has until the end of August to repay a ?3.2 billion ($2.6 billion) bond or face the catastrophic consequences of defaulting on its debts.
Chinese To Land on The Moon in 2013
Reports said the exploratory craft is designed to land and transmit back a survey of the moon's surface.
HSBC Estimates $700 million Dirty Money Laundering Fine... But Is It Enough?
The British banking giant announced it was earmarking $700 million for laundering roughly $30 billion in drug and terrorism money around the world.
Deadly Ebola Virus Spreads to Ugandan Capital
So far 14 are confirmed dead, the BBC reported, with the country's President Yoweri Museveni telling people to avoid physical contact with health agencies battle to contain the virulent disease.
Pulped Cockroach Burger Anyone? It May Be The Only Way Feed The Planet
This stomach-churning conclusion may sound far-fetched, but it's actually the result of United Nations research into feeding the world in the coming decades.
Britain Learns To Love Its Olympics - Thanks To Mitt Romney
Mitt Romney, on his first foreign outing as the presumptive Republican presidential nominee, managed to do something games organizers, David Cameron and £9 billion in public money has so far failed to achieve: unite Britain.
All Hail President Mitt: Why Did MI6 Spymaster Give Romney His Own Intelligence Briefing?
Does the British hierarchy think Romney will be "their man" in Washington this time next year? Is Whitehall hoping to make good the "special relationship" that has become a little tired under Obama?
Bo Xilai Scandal: Wife Gu Kailai Charged With Heywood Murder
Gu Kailai, wife of Chinese Communist Party leader Bo, was arrested for suspected involvement in the murder of the UK businessman Neil Heywood back in April.
EU To Criminalize Rate-Fixing...And About Time Too
The EU is looking into the possibility of making Libor and Euribor rate-rigging -- the deliberate manipulation of interest rates that set the benchmark for over $500 trillion in financial contracts - a criminal offense.
Apple Hit By 'Crisis' Virus And Dwindling iPhone Sales As Mountain Lion Launches
Apple shares tumbled 5 percent in after hours trading on Tuesday after the tech giant announced lower-than-expected sales of its flagship iPhone.
Phone Hacking: Rebekah Brooks and PM's Aide Coulson Charged
All eight are accused of conspiring to intercept communications between 13 October 2001 and 9 August 2006, including the alleged hacking of the mobile phone of murdered schoolgirl Milly Dowler.
'Just Don't Mention The NHS': How 'Socialized Healthcare' Could Sour Mitt Romney's Number 10 Visit
The meeting, which will take place at the PM's official residence of number 10 Downing Street, is fraught with potential political faux pas. After all, the sitting PM is not -- according to a Downing Street spokesman who spoke to the Telegraph -- supposed to meet candidates in elections in foreign countries.
Libor Scandal: 'Arrests Imminent' As Watchdogs Go After Traders
According to a number of un-named sources that are familiar with a sweeping investigation into the rigging scandal, federal prosecutors in Washington have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent.
Barclays Favourite Turns Down Chairmanship
Michael Rake, deputy chairman of Barclays, has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest rate-rigging scandal.
Syrian Rebels Take Border Posts In 'Bloodiest Day' of Fighting So Far
A senior Iraqi official told the New York Times that all four of the country's crossings into Syria have now been closed, because the rebels have seized the Syrian sides of them.
UK Murder Rates Drop to 30-Year Low, But Why?
According to the latest figures released Thursday, the murder rate in the UK fell by 14 percent year-on-year to 550 homicides in 2011-12; the lowest it's been since 1983. Violent crime in England and Wales also fell by 7 percent, while robberies declined by 2 percent. Overall crime rates against adults remained at the same as they have been for the last three years.
Bulgaria Blast: Suicide Bomber Killed Israeli Tourists, Officials
Seven died and a further 34 were injured in the blast which ripped through the bus in the tourist town of Burgas, Bulgaria.
Assad's Brother-In-Law and Defense Minister Killed In Syrian Rebel Suicide Attack
The interior minister and the intelligence chief, Hisham Bekhityar, were reportedly wounded in Wednesday's attack, Lebanese Hezbollah TV claimed.
Red Gold: Manchester United Is World's Most Valuable Team, Despite Massive Debt
Forbes Magazine estimates The Red Devils are now worth $2.23 billion, 19 percent more than second place Spanish side Real Madrid, which is worth $1.88 billion.
Will HSBC Be Kicked Out Of America? Senate Threatens Action After Probe Shows Bank Laundered Billions In Terror And Drug Money
The Senate probe, which also lays heavy criticism on HSBC's prime U.S. regulator, the Office of the Comptroller of the Currency (OCC), goes so far as to suggest that lawmakers should consider revoking the bank's charter to operate in the U.S.
The New Gold Rush: How China is Making Aussie Miners a Mint
According to the data, the richest 13 towns in Australia are all in Western Australia, an area which has experienced a huge boom in mining owing mostly to China's demand for natural resources.
'We're Not The Only Ones': Barclays Chief Exec Warns Of Libor Scandal Storm
The internal memo, written by outgoing Executive Chairman Marcus Agius, added that customers, clients, shareholders and regulators all have a right to feel let down.
China Has 'Back Door' Access to 80% of World Communications, Claims Expert
Using equipment supplied by Chinese electronics giants Huawei Technologies and ZTE corporation, the People's Liberation Army and the government have back door access to a vast majority of the world's electronic information, including sensitive military and intelligence data, Michael Maloof claims.
'The Guards May Not Speak English': Head of Olympic Games Security Firm G4S Admits More Blunders
Beleaguered security boss Nick Buckles has come under intense scrutiny after it emerged earlier this week that G4S had failed to recruit enough guards, leaving the UK Government to make up the shortfall with soldiers -- many of whom are thought to be on Summer leave -- and extra police units.
The Great Card Rip Off: Visa and Mastercard Agree To Pay Record $7.2 Billion Antitrust Penalty
The settlement, which lawyers are calling the largest antitrust settlement in U.S. history, would resolve dozens of lawsuits filed by retailers in 2005 that accused the card companies of fixing fees for processing credit and debit card payments and prohibiting stores from steering their customers to cheaper forms of payment.
All At Sea: The 'London Whale' Leaves JPMorgan
Bruno Iksil, whose trading team were responsible for huge losses of $4.4 billion, was widely expected to leave the bank after he gained notoriety in the wake of the trading scandal.
More Than a Few Rotten Apples: Why We Can't Trust Bankers Any More
Does the industry deserve the reputation earned by a few rotten apples?
HSBC Faces $1 Billion 'Money Laundering' Fine
According to an internal memo, HSBC revealed that it will acknowledge and apologize to a U.S. Senate hearing next week for failing to spot money laundering that could have been used to finance terrorism and organized crime.