The credit downgrades of Dubai’s government-owned companies have triggered an accelerated payment clause on a $2bn debt issued by the emirate’s utilities provider.Dubai Electricity and Water Authority’s $2bn securitisation programme, Thor Asset Purc
KABUL - Refusing to be a rubber stamp, Afghan lawmakers on Monday demanded a full, not partial, list of President Hamid Karzai's new Cabinet — the first test of the embattled leader's commitment to clean up graft and bribery in his government.
Tens of thousands of people across Europe demonstrated for action on climate change on Saturday, two days before world leaders gather in Copenhagen for landmark talks on tackling global warming. Protesters in London, Brussels, Paris, Stockholm and D
LONDON - Tens of thousands demonstrated in European capitals on Saturday, two days ahead of the vital Copenhagen summit on tackling climate change. In London, Paris, Stockholm and Dublin, people took to the streets to call for a far-reaching intern
Oil prices rose above $77 a barrel Thursday as the effects of a weak dollar offset the news that U.S. crude and gasoline supplies have jumped, suggesting demand remains sluggish. By early afternoon in Europe, benchmark crude for January delivery was
Atalanta fans have warned coach Antonio Conte that they will not accept any more humiliations after the Nerazzurri were knocked out in the fourth round of the Coppa Italia.The Serie A side tumbled out of the competition after a 1-0 home defeat to Lu
Gold prices hit an all-time high on Monday, extending last week’s near-3 per cent rise, amid continued investor concern about US dollar weakness.The surge in bullion prices was mirrored by other precious metals, such as silver, and other commodities
Lloyds Banking Group is to issue £7bn in enhanced capital notes (ECNs), a new form of hybrid debt, it announced on Monday, as the first part of its plans for a £22.5bn ($37.1bn) capital raising. The group also increased the amount it said it would r
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