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Energy prices halt dip in the cost of living

THE recent decline in inflation has ground to a halt, with higher energy costs ensuring that the annual rate remained unchanged last month.

ECB cuts interest rates in co-ordinated global move

The European Central Bank has cut interest rates by half of one percentage point today as part of a co-ordinated cut in interest rates across the world.

Employers seek 10,000 job cuts in public sector

EMPLOYERS have urged the Government to urgently slash its €17bn public sector wage bill by 5pc in a move that would result in up to 10,000 job losses.

C&C boss Pratt pays price for company's poor results

C&C group chief executive Maurice Pratt is to resign his position at the company.

Darling defends half-trillion pound package

Chancellor of the Exchequer Alistair Darling said a 500 billion-pound (€643 billion) rescue package, the biggest in U.K. history, will ''go a long way'' to prevent the banking system from collapse.

Buffett's new instant share profits vanish

Billionaire investor Warren Buffett's instant paper profits on Goldman Sachs Group Inc and General Electric Co have been wiped out amid the stock market's worst yearly slump since 1937.

Greece follows Ireland's lead with deposit guarantee

Greece Finance Minister George Alogoskoufis said deposits were ''absolutely guaranteed,'' in a move to allay concern among Greeks that their savings weren't safe amid the global financial upheaval.

France To Create Agency For Capitalizing Banks: Report
France To Create Agency For Capitalizing Banks: Report
Darling's 'silver bullet' for banks putting pressure on us to reload

For over a week, the UK chancellor of the exchequer had been accused of dithering at Number 11 Downing Street as governments around Europe rushed to shore up confidence in their banking systems.

Abbey slashes prices and gains sales boost

Property market doldrums mean homebuilder Abbey plc has had to radically reduce its prices.

Paulson Gives New Detail Of Bank Ownership Plan
Paulson Gives New Detail Of Bank Ownership Plan
Ireland's big three 'may need to raise €7.6bn over next two years'

Ireland's three biggest banks may have to raise €7.6bn of capital over the next two years, according to analysts at JP Morgan, who see the trio stomaching a loan loss charge of up to 5pc of their lending portfolios during the period.

Venezuela shuts down McDonald's
Venezuela shuts all branches of restaurant chain McDonald's for 48 hours, citing tax irregularities, officials say.

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