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MH370 to MH17: Can Malaysia Airlines salvage its brand name?

Jul 21, 2014 at 09:37 | Source: FirstPost

Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets, carrying 298 people, over Ukraine.Before the disasters the carrier had amo...

MH17, MH370: The questions surrounding Malaysia Airlines

Jul 20, 2014 at 13:10 | Source: FirstPost

Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets - MH17, carrying 298 people, over Ukraine.Before the disasters the carrier ...

Shootout in central Athens as police arrest wanted guerrilla

Jul 17, 2014 at 01:15 | Source: FirstPost

ATHENS (Reuters) - Greek police shot and wounded one of Greece's most wanted guerrilla group members in a chase through central Athens on Wednesday in which a policeman and two tourists were also hurt.Nikos Maziotis was charged in 2010 over a series ...

Co-op Bank boss Richard Pym to head Allied Irish Banks

Jul 14, 2014 at 16:12 | Source: BBC

The chairman of the Co-op Bank, Richard Pym, will stand down later this year to lead Allied Irish Banks (AIB). Mr Pym, a former chief of Alliance and Leicester, had already announced he would be leaving the troubled lender, which is now seeking his r...

Banco Espirito Santo: Portugal seeks to calm fears over bank

Jul 12, 2014 at 19:27 | Source: BBC

Portugal's central bank has sought to steady investors' nerves by stating that Banco Espirito Santo does not need extra funds. Banco Espirito Santo itself has said it has sufficient finances to deal with its parent company's debt probl...

Portugal's economy: Two steps forward, one step back

Jul 10, 2014 at 20:57 | Source: BBC

Portugal formally exits its eurozone bailout this weekend after three years of painful austerity that was the condition for it to receive 78bn euro (£63bn) in loan guarantees from the European Union and International Monetary Fund. To mark the date,...

Global stock markets hit by Portuguese bank concerns

Jul 10, 2014 at 20:57 | Source: BBC

Stock markets in Europe and the US have fallen over concerns about the health of one of Portugal's biggest banks. Shares in Banco Espirito Santo were suspended after falling 17% following concerns about accounting irregularities at its parent gr...

Greek public sector workers hold 24-hour strike

Jul 10, 2014 at 03:52 | Source: BBC

Public sector workers in Greece are holding a 24-hour strike to protest against continuing cuts in government spending. Hospitals, tax offices, prisons and archaeological sites have been disrupted by the action. The workers are protesting against aus...

Ukraine threatens to retake territory from defiant rebels

Jul 09, 2014 at 23:45 | Source: FirstPost

KIEV/DONETSK Ukraine (Reuters) - Ukrainian government forces on Wednesday warned separatists in the eastern town of Donetsk that a plan was now in place to take back the territory they occupy, but defiant rebels reported a steady flow of new recruits...

Ukraine readies plan to take back lost territory, rebels defiant

Jul 09, 2014 at 23:31 | Source: FirstPost

KIEV/DONETSK Ukraine (Reuters) - Ukrainian government forces on Wednesday warned separatists in the eastern town of Donetsk that a plan was now in place to take back the territory they occupy, but rebels defiantly reported a steady flow of new recrui...

Greece threatened by power cuts as workers strike

Jul 09, 2014 at 07:57 | Source: BBC

Many parts of Greece are facing power cuts, as workers from the Public Power Corporation (PPC) stage rolling strikes in protest at a government privatisation programme. The walkout means many homes will have no electricity at the height of summer. Th...

Greek public sector workers start 24-hour strike

Jul 09, 2014 at 07:57 | Source: BBC

Public sector workers in Greece have begun a twenty-four hour strike in protest at continuing cuts in government spending. Hospitals, tax offices, prisons and archaeological sites are expected to be disrupted by the action. The workers are protesting...

Why Modi should get Sadananda Gowda to junk his rail budget speech

Jul 08, 2014 at 08:40 | Source: FirstPost

One of the criticisms levelled against Railway Minister Sadananda Gowda, who announced a big increase in passenger fares (14.2 percent) and freight (6.5 percent), is that it was some kind of disrespect for parliament, when a rail budget wasjust round...

Irish Labour Party Picks Burton as Deputy Premier-in-Waiting

Jul 04, 2014 at 22:01 | Source: Bloomberg

Ireland's junior government party picked Joan Burton as its leader and deputy premier-in-waiting amid mounting pressure on the ruling coalition to ease austerity in the wake of an international bailout. Burton, 65, received 2,094 votes compar...

Japan govt sees delay in restart of world's biggest nuclear plant - sources

Jul 04, 2014 at 03:30 | Source: FirstPost

TOKYO (Reuters) - Japanese government officials no longer expect the world's biggest nuclear plant to restart this year, sources said, a delay which deals a blow to turnaround plans for operator Tokyo Electric Power. Starting the Kashiwazaki Kariwa f...

Investors go mad (again)

Jul 03, 2014 at 21:12 | Source: BBC

As I mentioned a few weeks ago, not everyone at the Bank of England shares Mark Carney's professed view that bubbling property is the gravest threat to financial stability and the sustainability of the recovery. There was no ranking of dangers b...

Ukraine's Poroshenko - bustle and brio, but is he a match for Putin?

Jun 29, 2014 at 21:16 | Source: FirstPost

KIEV (Reuters) - Three weeks into his job, Ukraine's Petro Poroshenko looks like a man in a hurry.He's a bustling hive of activity. Judging by his website, he's rarely off the phone to one world leader or another.He has defied Russia's President Vlad...

Commodity traders play safe as government talks tough on hoarding

Jun 28, 2014 at 12:37 | Source: Economic Times

NEW DELHI: Commodity traders are a panicked lot, with the government talking tough on hoarding. They aren't taking any chances to speculate price movements because of fear that any adverse price comments could put them under the scanner. Playing safe...

West renews Russia sanctions threat as Ukraine ceasefire crumbles

Jun 26, 2014 at 00:45 | Source: FirstPost

BRUSSELS/SLAVIANSK Ukraine (Reuters) - Western powers warned Russia on Wednesday that they could impose new sanctions if it did not do more to defuse the conflict in eastern Ukraine, where a ceasefire between Russian-speaking rebels and government fo...

Government accepts sugar industry's demands, but says mills must first assure payment to farmers

Jun 24, 2014 at 12:02 | Source: Economic Times

NEW DELHI: The government has agreed to accept most of the sugar industry's demands including a nearly three-fold increase in import tax and support for exports, but asked mills to first give an assurance on clearing their arrears to sugarcane farme...

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