CAIRO - An al-Qaida offshoot that claimed responsibility for the kidnappings last month of three Spaniards and a French national in Africa says the hostages are in good health. The group said in a statement posted on an Islamic Web site on Wednesday
Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.The first £25,000 of bonuses will be ex
Banks will be hit by a 50 per cent tax on bonus pay-outs, Alistair Darling, the chancellor, said in his pre-Budget report, in a move that will inflame bankers but is likely to be welcomed by the general public.The first £25,000 of bonuses will be ex
London equities were little changed on Wednesday, with banking stocks in focus ahead of the Pre-budget report.The FTSE 100 ticked just 1 point higher to 5,224.0 after worries about the knock-on effects of Greece’s credit rating downgrade and concern
Japan announced a Y7,200bn ($81bn) stimulus package that will help shore up the economy's fragile recovery, but also further strain state finances in a fiscal year when debt issuance will outstrip tax revenues for the first time since 1946.Tuesday’s
Barack Obama unveiled plans on Tuesday to divert some of the $200bn (€136bn) in lower than expected spending on troubled bank assets to boosting job creation, in what amounted to a second fiscal stimulus.But the US president, who said his proposals
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