POLITICS

Policy Exchange believes this would help prevent company bosses from excessive risk-taking that may result in fall in share prices and huge losses to the firm.

Former financial titan due to appear before Treasury select committee to give evidence on Libor scandal.

Police searched the home and offices of former French president Nicolas Sarkozy and his wife Carla Bruni as part of a campaign financing probe.

Syrian president says troops thought RF-4E recon warplane was Israeli when they shot it down.

Four ICC staffers held on spying allegations over visit to Saif al-Islam Gaddafi freed pending trial date.

As the government and Labour battle over whether the banking inquiry should be conducted by parliament or a judge, IBTimes UK explores the arguments on either side.

The missile test was part of the Great Prophet 7 exercise, a three-day military drill to test the precision and efficiency of Iran's warheads and missile systems.

Market blast comes on heels of roadside bombings as sectarian violence in Iraq starts to rise.

With an agreement being reached in the early hours of Friday, 29 June 2012 at the European Summit in Brussels over the Euro Crisis, my Mystic Meg clairvoyant award was cancelled. Don't care, I wasn't alone in getting the outcome - little or no change with platitudes - so very wrong. Typical of reporters was Ian Chua for Reuters in Sydney filing a report at just past midnight on Friday morning:

The industry body demands bold government action, including the creation of a business bank, to boost economic growth.

Al-Qaeda planting landmines in Gao to trap population; Sidi Yahia mosque attacked in Timbuktu.

Bankers face a parliamentary inquiry into their disgraced industry, Chancellor George Osborne announced to the House of Commons, after a rate-fixing scandal rocked the financial world.

Funding impact report by Inspectorate of Constabulary identifies Met, Devon and Cornwall, and Lincolnshire police forces as being at risk.

Islamist group says shrines are idolatrous and pledges to destroy all 16 holy Sufi sites in Timbuktu in name of religion.

Former defence secretary says EU referendum vital to set new boundaries though having one now would be huge error.

Institutional Revolutionary Party, which ruled Mexico for decades, is set to return to power after Enrique Pena Nieto triumphs in country's presidential election.

Prime Minister David Cameron did not suggest holding immediate referendum, but acknowledged real choice of the people should be upheld.

Shamir was battling poor health and Alzheimer's disease for the past several years and was living in a nursing home since 2004.

Mining companies, airlines, steel makers and energy firms will bear brunt of Clean Energy Act.

Hong Kong gets a new chief executive, a millionaire, Leung Chun-ying.

For the first time since the Kofi Annan-sponsored peace plan came into effect, world leaders including Russia and China agree on a transitional government to end violence in Syria.

Relations between the military council and the Brotherhood remain tense on the eve of the swearing in of president-elect Mohammed Mursi.

While the US insists that Assad must go, Russia is against the removal of the Syrian president.

Fresh wave of anti-government and anti-austerity protests sweep across Sudan.

Sambo Dasuki takes on national security adviser role with three-week deadline by president to finish off Islamic terror group.

Iran switches names, flags and ports of ships to confuse Western officials tracking its oil exports.

Belarus president Alexander Lukashenko continues to stir up controversy on Venezuela visit by saying youngest son being groomed for succession.

Organisers claim event is celebration of life while critics brand it 'totally macabre'.

President Bashar al-Assad dismisses UN-Arab League envoy's proposals and ramps up criticism of Turkey.