More From Palash Ghosh
Dow Plunges More Than 300 on Intensifying U.S.-Europe Debt Fears
Financial-related issues are taking the worst beating in the session.
Nov 21, 2011
Britain Cuts Off All Financial Ties With Iran
We have ceased all contact between the UK's financial system and the Iranian financial system,” Osborne said.
Nov 21, 2011
Moody’s Warns France’s AAA Credit Rating at Risk
Complicating matters is the high exposure that major French banks have to the distressed debt of other Eurozone nations like Greece and Italy.
Nov 21, 2011
Syrian Soldiers Attack Bus Carrying Turkish Pilgrims
The buses were returning from the holy Islamic pilgrimage site of Mecca in Saudi Arabia and later arrived safely in Turkey.
Nov 21, 2011
Conservatives Triumph in Spain, but Markets Not Happy
The PP won 44.6 percent of the popular vote, versus only 28.7 percent for the Socialists.
Nov 21, 2011
Wind Farms 'Useless': Prince Phillip
However, the UK government appears committed to upgrading and expanding wind power.
Nov 19, 2011
Pope Pleas for Peace and Reconciliation in West Africa
Half of the country’s population is Christian, although some of them incorporate the practice of Vodun (voodoo) in their rituals.
Nov 19, 2011
Madman Stabs Four Policemen in North London
The suspect, a 32-year old man, has been arrested on suspicion of attempted murder and remains in custody at a West London police station.
Nov 19, 2011
Market-Economics Week in Review & Preview of Next Week
Rising sovereign yields in Europe added to negative pressure for global equities during the week
Nov 19, 2011
Prominent Figures Urge David Cameron to Legalize Drugs
The group is also urging that governments and courts treat drug addiction as a “medical” problem, instead of a criminal violation.
Nov 19, 2011
US, China Hold ‘Constructive’ Talks on Trade, Currency, South China Sea
The US is seeking to boost its influence in Southeast Asia, putting it at direct loggerheads with an ascendant China.
Nov 19, 2011
EU Reluctantly Agrees to Modest 2% Budget Increase for 2012
This is clearly an austerity budget, as most member states are in the midst of a serious financial crisis, said EU budget commissioner Janusz Lewandowski.
Nov 19, 2011
Cricket World Mourns Passing of South Africa’s Basil D'Oliveira
In honor of D’Oliveira, South African and Australian cricketers stood in silence for one minute.
Nov 19, 2011
Spain Faces Crucial Election Sunday
Unrest and anger run deep against the ruling leftist Socialist Workers Party, which is almost guaranteed to lose the election.
Nov 19, 2011
Germany's Merkel and the UK's Cameron: She Said, He Said
While German Chancellor Angela Merkel and British Prime Minister David Cameron have tried to put a happy face on their Friday meeting in Berlin, the two prominent European leaders differ sharply on ways to resolve the Eurozone debt crisis.
Nov 18, 2011
Jews Concerned About Presence of Extreme Rightists in Greek Coalition Government
Georgios Karatzaferis has repeatedly made derogatory comments about the Jews and denied the Holocaust.
Nov 18, 2011
Italy’s Monti Passes Second Confidence Vote
Former Prime Minister Silvio Berlusconi also gave Monti tacit support.
Nov 18, 2011
Greek Government Submits New Budget, Vows to Cut Deficit in Half
Papademos’ government also promised that it will not have to enact any further austerity cuts.
Nov 18, 2011
Now Cyprus May Need Bailout from Eurozone
The new austerity measures are expected to be opposed by the country’s powerful trade unions.
Nov 18, 2011
Monti Faces Crucial Second Confidence Vote
Monti has also already vowed to crack down on tax evasion and reform the country’s pension plans in an effort to ease Italy’s massive debt
Nov 18, 2011
Pakistan Ambassador to U.S. Offers to Resign Over Mysterious Memo
There is controversy over the very existence of the memo.
Nov 17, 2011
Italy’s Mario Monti Wins Confidence Vote
The upper House of Parliament gave its endorsement to the new administration by a vote of 281 to 25.
Nov 17, 2011
Virus Threatens Africa’s Staple Cassava Crop
Cassava is crucial to the health of Africans, providing much-needed carbohydrates for around 200 million people on the continent.
Nov 17, 2011
Horrific Murder in South African Classroom Witnessed by Students
Guildford Shapo was later taken to WS Knobel Hospital where he died.
Nov 17, 2011
UBS to Cut 2,000 Investment Banker Jobs, Focus on Wealth Management
The job cull would slash the number of bankers to 16,000.
Nov 17, 2011
Proposed Removal of Controversial Law Sparks Dispute in Kashmir
For over two decades, India has maintained hundreds of thousands of armed forces in this border state where a violent insurgency, partially fueled by training and funds from Pakistan, raged for several years.
Nov 17, 2011
Shunned by West, Zimbabwe’s Mugabe Embraced by China
Chinese vice-president Xi Jinping praised Mugabe as an old friend of China.
Nov 17, 2011
Monti Presents Economic Plan for Italy, While Students Protest
Monti has vowed to reduce debt, while seeking to maintain economic growth and social equity.
Nov 17, 2011
Spanish Borrowing Costs Soar to 14-Year High
The Madrid government 3.56 billion euros of new bonds, short of the maximum target of four billion euros.
Nov 17, 2011
George Harrison and India: The Real ‘Magical Mystery Tour’
George Harrison inadvertently became the greatest promoter of Indian culture and Hinduism to the Western world during the 20th century.
Nov 17, 2011
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