Geetha Pillai

Weakening of Spain's credit worthiness and the lower standalone credit assessments of the banks are cited as reasons for the downgrade.

PM's plan to draw flak from coalition partner Nick Clegg whose party is against drastic welfare cuts.

Coalition government releases policy document to ease strain on citizens who are already feeling pain of austerity measures.

Larry Page sends email communication stating there is nothing serious with his illness.

Noticeable absentees at the summit were David Cameron, Barack Obama and Angela Merkel, the heads of rich nations of the world.

Leaders of Germany, France, Italy and Spain meet in Rome to discuss ways to restore confidence in the eurozone ahead of a full EU summit from 28-29 June.

Google's virtual version of the Turing Machine, conceptualised by Turing in 1936, that helps explain how a CPU thinks in binary, i.e., 1s and 0s.

China and Brazil signed a series of economic and trade ties at the sidelines of Rio+20 sustainable development summit.

The FBI was tipped off by a chemical company and a shipping firm about the online purchases of Khalid Ali-M Aldawsari. He was trying to put together a deadly explosive device.

Though Israeli Arabs enjoy full citizenship rights, their representation in Israel's housing and job sectors is low.

In a 40-second video, Republican Samuel Wurzelbacher blames gun control in Germany for the Holocaust.

Muslim Brotherhood fears military coup as results for Mohamed Mursi and Ahmed Shafiq vote delayed by complaints probe.

Boeing's 787 Dreamliners have better fuel efficiency, high cabin pressure and humidity that contribute to cheaper operating costs and more flying comfort.

News Limited did not announce the number of redundancies as part of its new restructuring plan.

World's largest luggage maker recalls 250,000 cases in American Tourister range over reports of carcinogenic chemicals in handles.

Rupert Murdoch's takeover bid of CMH comes in wake of reported job cuts at News Limited .

Kazuhiko Asakawa and three others were accused of hiding the losses.

China pledges to provide $43bn (£27.4bn) to International Monetary Fund to boost its lending power.

Lenders, such as IMF and EU nations Germany and Britain, exerting pressure for Greece to act swiftly on reforms in midst of widespread doubt.

The new benefit system, Universal Credit, is expected to save thousands of pounds to the treasury.

Fire breaks out in the 18-member dormitory of the 1,000-strong jail in Sanliurfa province.

The crucial Greek vote will set the stage for the country's continuation or exit from the single currency zone.

Crown Prince Nayef was reportedly suffering from diabetes, osteoporosis and cancer.

Bret Taylor announces his decision to leave the company through his Facebook page.

Rajat Gupta was convicted of insider trading. He stood accused of leaking boardroom secrets to his friend, Galleon hedge-fund manager Raj Rajaratnam.

Eurozone debt crisis and the global market jittery don't seem to have watered down the interest in Felda Global Ventures' (FGV) $3.2 billion (£2bn) Initial Public Offering (IPO), the second largest after the Facebook listing.

Coca-Cola plans to initially import products from neighbouring countries before venturing into local production.

Allen Stanford targeted retired teachers, veterans and refinery workers with his bogus investment scheme, unlike other Ponzi schemers who preyed on wealthy.

The £100bn boost to the banking system is aimed to help insulate financial institutions from threat of eurozone collapse.