POLITICS

Lucas Papademos

A Tale of Two Nations - Professionals to Help Greece and Italy Weather Crisis

It’s the turn of professionals to find a solution to the debt crisis of two beleaguered nations, Greece and Italy, which shook the very existence of eurozone. Now the political leadership of these two nations is going to be in the hands of technocratic economists in the desperate bid to lead them out of the debt trap.
Lucas Papademos

New Greek PM Sworn In

A new Greek Prime Minister has finally been sworn in, nearly a week since the government fell apart over disagreements surrounding the Euro crisis.
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An employee seals a stack of yuan banknotes

Crisis Spreads as Alarm Signals Emerge for Asia too

It is time Karl Marx's classic opening statement of the Communist Manifesto is reworded into something on the lines of: "A spectre is haunting Europe ­- the spectre of a double dip. All the powers of Europe have entered into a holy alliance to exorcise this spectre."
A view of Italy's Senate during a debate in Rome

Eurozone Crisis: Italian Senate Approves Austerity Law

The Italian Senate has approved the austerity law, a package of measures designed to avoid a Eurozone breakdown. The law should get final approval by the lower house at the weekend, leaving the way for Prime Minister Silvio Berlusconi to step down. The senate voted by 156 to 12 in favour of the austerity package.
M5 crash

Significant Leads on M5 Fireball: Police

While the embers of the horrific M5 fireball are still burning in people's memory, the police claim to have found ample leads which may help them crack the mystery on what really happened on that fatefu
Britain's Prince William

Prince William Set to Deploy to Falkland

After his fairytale wedding, which brought London to a virtual halt, Prince William is back in business. He is set to complete a routine deployment to the Falkland Islands as part of a crew of four Royal Air Force (RAF) personnel, according to the Ministry of Defense.
Soldiers patrol along a street during a security operation in Basra

Remembrance Day: The British Army's Doomed Battle for Basra

The International Business Times is marking Remembrance Day with a series of forgotten stories of war. In 2003 the U.K. supported the U.S. invasion taking responsibility for Iraq's second city of Basra. Things went badly from the start.
Suanu Baridam, secretary of the Ogoni Council of Traditional Rulers, speaks to Reuters outside his palace at Ogoniland, Nigeria's delta region August

Amnesty Calls On Shell to Start Clean-Up Fund for Nigeria Spills

Shell's failure to clean up two oil spills in the Niger Delta in 2008 has caused huge suffering to locals whose fisheries and farmland were poisoned, and the company must pay an initial $1 billion to set up a mop up fund, Amnesty International said on Thursday.