Britons in 'Perfect Storm' of Inequality, Says Oxfam
Poverty in households with jobs is increasing in the UK and if the trend continues, the country will witness the return of inequality not seen since Victorian times, says Oxfam.
Nokia to Axe 10,000 Jobs by 2013, Warns of Q2 Losses
Nokia has been battered by the Apple iPhone and Samsung's smartphones.
Alleged Ukrainian Child Porn Distributor Pleads not Guilty in New Jersey
If convicted on all counts, Maksym Shynkarenko could face up to life in prison.
Euro Crisis Deepens with Moody's Spain Downgrade to Baa3
MSCI Asia Pacific Index (MXAP), Nikkei 225 Stock Average (NKY), Australia's S&P/ASX 200 Index, Hong Kong's Hang Seng and China's Shanghai Composite Index decline after the Spain downgrade.
World Bank Cautions Developing Countries Against Serious Global Meltdown
The World Bank indicates that slow growth in the high income countries will continue in the coming years.
Housing Shortage to Lock One Million Youths Out of Owning Homes - Report
Over a million youths would be forced into private renting in eight years' time, warns a study.
Euro Cautious over Italian Bond Sale and Greek Vote
Investors are waiting for the outcome of the Greek vote which will decide the future of the eurozone.
London's Financial Services Job-Seekers Halve in May, Hiring at Slow Pace - Reports
Financial services jobs are the less sought after in the City and other parts of Britain.
Tokyo Most Expensive City for Expats, Karachi Cheapest - Survey
London falls to 25th position in world rankings, seven places down from its 2011 position, while Birmingham and Belfast move up.
US Fears New Massacre in Syria's Haffa
UN observers denied access to the town of Haffa by the Assad regime where there are fears of a new massacre.
Mariano Rajoy Shies Away from Calling EU Bailout 'Rescue'
The Spanish prime minister projected the bank bailout as a step towards fixing the ailing economy, while speaking to reporters in Madrid.
Peru Copter Crash Kills All 14 on Board
The passengers include foreign nationals who were conducting an aerial surveillance for a potential hydro-electric project in Puno, Southern Peru.
Spanish Bank Bailout Agreed, EU to Lend up to €100bn
Eurozone finance ministers agree to lend up to €100bn to clean up Spain's banking sector burdened by bad debts and property bubble burst.
Wales Floods: 150 Rescued from Homes and Caravan, Clean Up Begins
The Environment Agency issued several warnings in its website and advised people not to go near the swollen rivers.
Prince Philip Leaves Hospital, to Celebrate 91st Birthday at Home
Prince Philip would be attending the Queen's jubilee garden party at Sandringham Estate on Tuesday.
China's Manned Spacecraft to Dock with its Space Station Module in June
China's manned mission crews may include female astronauts, a first in its space programme.
China's Economy Shows Deeper Slow Down, Inflation Falls to 3%
Europe's debt crisis and slowing domestic demand are expected to pull down growth.
Depositors Swarm German Banks as Banking Crisis Grips Eurozone Peripheral Economies
German banks and the German branches of foreign lenders record a surge in deposits due to the banking crisis in the euro area.
Eurozone Crisis: Angela Merkel Urges Gradual Political Union for Eurozone
Prime Minister David Cameron pledged to protect Britain's interest in the eurozone.
Eurozone Crisis: Merkel Says Ready to Act, but Don't Expect Any Big Bang
Though world leaders are pressing for stronger and urgent action, the end-June meeting of European leaders is not expected to bring any substantial change in the situation of the eurozone.
Endgame for Syria's Assad? Russia and US Seeking Assad's Replacement
US and Russian representatives are to meet shortly in Moscow to reportedly work out a transition process.
Moody’s Downgrades Seven German and Three Austrian Banks
Moody's rating cut of German banks comes as a surprise to many analysts considering the resilience of the German banking system.
Australia GDP Growth and EU Economic Stimulus Hopes Lift Asian Markets
Australia's economy grew 1.3 percent in the first quarter of the year and recorded a 4.3 percent year-on-year growth.
Syria Expels British Ambassador and 16 Other Western Diplomats
British ambassador Simon Collis and the US envoy Robert Ford are among those declared “persona non grata” by the Syrian government.
Qantas Expects Profits to Fall by up to 90% due to Losses in Overseas Operations
Qantas forecasts a slide in its annual profits due to a weak travel demand in its overseas routes and high fuel costs.
G7 to Hold Emergency Talks on Eurozone crisis, Spain Tops Agenda
Spain's fate in the euro area would top the agenda of discussions at the G7 emergency conference call.
Queen Puts on Brave Face at Buckingham Palace Concert as Prince Philip Stays in Hospital
The Queen attends diamond jubilee concert without husband.
Canadian Porn Star Luka Rocco Magnotta Arrested in Germany
Canadian porn star Luka Rocco Magnotta reportedly killed his lover Jun Lin, a Chinese student at Montreal’s Concordia University.
Plane Crash in Nigeria Kills 153 Aboard, No Survivors
A Dana Air flight crash landed into a populated area setting on fire at least three houses. All 153 on board were killed while the number of ground casualties were yet to emerge.
Plane Crash in Accra Kills 10 Bus Passengers
Cargo plane crash-lands near Ghana capital airport and kills 10 people on bus.
