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  • Greece's problems: Too big to fix?
    German leaders are furious with Greece. Yet again they have to go back to their electorates asking for more billions to throw down the black hole that is the Hellenic Republic. They have now become so angry that they are even openly proposing that Greece's fiscal affairs be deferred to some European Commissioner, preferably one of a Teutonic disposition.

  • Trader accused of fraud pleads not guilty
    A trader accused of fraud over a $2.3 billion loss in unauthorized trading reported by Swiss banking giant UBS pleads not guilty in a London court. The trial of the trader, Kwaku Adoboli, is due to begin September 3.

  • Ex-ECB head: EU part of 'global crisis'
    The former head of the European Central Bank says the eurozone's woes must not be taken in isolation, but viewed as part of a global crisis.

  • RBS chief bows over bonus
    There was a whiff of inevitability about the decision by Stephen Hester, the Royal Bank of Scotland chief executive, to waive his £1M ($1.57M) bonus late last night, as the political and media furor mounted.

  • Iran to halt oil to 'some countries'
    Iran's oil minister said on Sunday that oil sales to "some countries" would be halted soon, amid pressure from the parliament that the government should pre-empt a looming European embargo.

  • 100+ arrests in Occupy Oakland
    Municipal employees in Oakland worked Sunday to clean up damage they said was caused hours earlier by Occupy protesters, "possibly 400" of whom were arrested for breaking into a YMCA and City Hall and challenging police.

  • Greek fury at plan for EU budget control
    Greece's finance minister angrily rejected a German plan for the eurozone to impose a budget overseer onto Athens in return for a new ?130bn bail-out, saying it would improperly force his country to choose between "financial assistance" and "national dignity".

  • IMF head: No country safe
    IMF head Christine Lagarde says no country will be safe from the eurozone crisis if action is not taken soon.

  • Call for EU to control Greek budget
    The German government wants Greece to cede sovereignty over tax and spending decisions to a eurozone "budget commissioner", according to a copy of the proposal obtained by the Financial Times.

  • Is your boss a psycho?
    Think you suffer from a "psycho" boss? Some research suggests you might be right. And one recent study raises a disturbing question: Why are psychopaths four times more likely to be in senior management?

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