Greek coalition takes power, promises to revise bailout
ATHENS - A conservative-led government took power in Greece on Wednesday promising to negotiate softer terms on its harsh international bailout, help the people regain their dignity and steer the country through its biggest crisis for four decades. | Video
Queen gets bumper pay rise
LONDON - The Queen has another reason to be cheerful in her Diamond Jubilee year - her annual pay is about to jump by 20 percent to 36 million pounds.
Bank of England on verge of new money boost
The Bank of England is close to launching a new round of monetary stimulus because of the worsening euro zone crisis, according to minutes of its last policy meeting, which showed officials split 5-4 on the move with Governor Mervyn King in favour. Full Article
No easy way out of embassy for Assange
Julian Assange risks being thrown into a cell the moment he leaves the Ecuadorean embassy in London after breaching bail to avoid extradition to Sweden. Even if granted asylum, he has no way of travelling to Ecuador without passing through London. Full Article
Mubarak drama adds to Egypt uncertainty
CAIRO - Hosni Mubarak's move out of jail to a Cairo military hospital where officials said he was slipping in and out of a coma has created a fresh sense of uncertainty for Egyptians as the wait for results of a presidential election drags on. Full Article | Related Story
City stung by U.S. attack on regulation record
Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London's financial and legal circles say. Full Article
Shareholders to get power over executive pay
Britain will legislate to give shareholders the power to reject company director pay deals in a bid to tie the link to performance and calm public anger over soaring executive earnings, Business Secretary Vince Cable says. Full Article
History points to Olympic boost for UK stocks
History suggests that despite little macroeconomic benefit from the Olympic games, the FTSE 100 could shine. Full Article
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In the new Myanmar, the gulag endures
YANGON - As Myanmar's long moribund economy opens up, there are signs that a repressive system once used to silence political opponents is being retooled to sweep away opposition to breakneck economic development. Full Article
Leopard rescue in India
June 20 - A leopard is rescued from a reservoir in India. Rough Cut (no reporter narration).
Latest Headlines
State meddling won’t solve UK bubble-pricking bind
The Bank of England’s new Financial Policy Committee will be required to support government policy. That raises questions about its ability to take unpopular decisions. But answering to ministers won’t address the bigger problem: how the body can combat excessive risk-aversion. Commentary
Greek vote is a cause for relief but not rejoicing
The Greeks have bought themselves breathing space by voting for pro-bailout parties. But the resulting coalition may be weak and the economy is still shrinking. Greece must make the most of this window and the rest of the zone must brace itself. The crisis hasn’t gone away. Commentary
Capitalism in the West and other myths…
The West’s claim to be a capitalist society has been eroded throughout the European sovereign debt crisis. If we were truly capitalist then the markets wouldn’t expect Germany to step in to solve the euro zone’s problems or to eradicate the excess debts of Europe’s periphery. Commentary
The good, the bad and the global economy
The tight correlation in fates between the world's economic titans is a phenomenon we had better get used to, and understand, because it’s not going away. This is not all bad news, but while interconnectedness yields benefits, it also creates pitfalls. Commentary
Press, police, politicians and public in race to the bottom
We need a regulatory framework which distinguishes far more robustly between people who have never chosen to live their lives in the glare of publicity and celebrities who simply want to see the media industry remade in the image of Hello! magazine. Commentary
Editor: Nikolas Blome
Nikolas Blome is one of the most powerful journalists in Europe. Chief political correspondent and deputy editor of Bild, continental Europe's most widely read daily newspaper, he commissions stories that attract some 12 million readers. Full Article
Crisis manager: Joerg Asmussen
Putting out fires is nothing new to European Central Bank board member Joerg Asmussen. His dad ran the local fire brigade when he was a boy: a round-the-clock job that required a cool head. Full Article
Sherpa: Antonio Jose Cabral
From his office on the 13th floor of the European Commission, Antonio Jose Cabral can look out over the rooftops of Brussels' 'European quarter' and the institutions tackling Europe's debt crisis - if he finds the time. Full Article
Protester: Ivan Ayala
It has no formal structure, no clear leaders and no official spokesperson. Yet the "Indignados" movement remains a potent force in Spain, where protests against the handling of the economic crisis continue. Full Article
Banker: Douglas Flint
If fixing the euro zone crisis requires an accountant's precision and calmness, the new head of the global banking lobby group is in a good position to help. Full Article
Networker: Jens Weidmann
The telephone in the office of Bundesbank President Jens Weidmann rarely stops ringing. Full Article
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