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FTSE Opens Higher as Greece Proceeds with Referendum

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Greek Prime Minister George Papandreou has decided to go ahead with his decision to conduct the referendum to decide on his country's future with European Union, brushing aside the market turmoil caused by his announcement Monday as "short lived."
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Unemployed youths Chris Gathercole, Samantha Felton and Craig Main sit on and stand by swings in a childrens play area in Aylesbury, southern England

Youth Face Worsening Unemployment, ILO Warns

The next generation of young men and women all across the world could soon face even higher rates of unemployment, as a consequence of high poverty levels in developing countries and unstable work situations in developed countries, the International Labor Organization warns.
Goldman Sachs

Goldman Sach's Hit by $393m Loss

Goldman Sachs, one of Wall Street’s most admired and reviled investment banks, has made a third quarter loss of £393m – only the second time it has made a loss since the company went public 12 years ago.
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Russia: Boiling Deluge Swamps Nightclub

A young man and women are in intensive care after a Russian nightclub was flooded with boiling water from a nearby main, forcing party goers to flee on makeshift boats.
G20 summit

Debt Crisis to Dominate G20

The downgrading of Spain's credit rating on Friday is likely to stoke fears of a Eurozone debt crisis at a summit of G20 financial chiefs in Paris.
Green Eyes of Greed

Occupy Wall Street: Zombies Take Over

Staggering around covered in fake blood, eating bank notes and uttering gutteral moans on the state of the economy, demonstrators dressed as "corporate zombies" are making a stand against Wall Street bankers.