Angela Merkel addresses a Joint Session of Congress

German Chancellor, Angela Merkel, is presently addressing a joint session of Congress.  She is the second German Chancellor to do so. Merkel was recently re-elected and formed a coalition with the Free...

One German Take on Merkel's Visit to the White House - Success

Chancellor Angela Merkel was guest at the White House yesterday.  There have been ongoing speculations that there was a distant relationship between the two leaders. During Friday's visit both Merkel and Obama...

UK budget may cost Scotland jobs and £500m in funding

Scotland's first minister, Alex Salmond has claimed that cuts expected to be made tomorrow during the UK Chancellor Alistair Darling budget address will cost Scotland £500m a year and risk Scottish jobs. Report...

EUROPE to create Finance FBI, warning US to block surveillance

EUROPE to create GFR Global Finance RegulatorEuropean Leaders discuss Global Financial Regulator. Angela Merkel and Nicholas Sarkozy call for a new economic FBI similar to the U.N. Security Council—and warn the...

Bank of England slashes rates 1% to historic low

The Bank of England today slashed interest rates by a further 1%, bringing the interest rate to a historic low. The interest rate cuts in recent months have been among the fastest in Britain's history."The Bank of...

Supertax planned for top earners in UK

Today the UK government is set to deliver its pre-budget report, and the eyes of the world will be watching. It is thought that Gordon Brown's government will announce major changes to battle the economic crisis....

Tories caught up in Russian oligarch row

The Conservative party in the UK has been caught up in a scandal involving Russian oligarchs. Soe high-ranking Tory politians may have received some shady cash from Russian tycoon Oleg Deripaska."The saga of Lord Mandelson, shadow chancellor George Osborne, Russian tycoon ...

No Political Buttons Allowed for Teachers if DOE desire

"The Department of Education has the right to bar teachers from wearing political campaign buttons in school, a Manhattan federal judge ruled yesterday. The ruling by Justice Lewis Kaplan came in response to a...

UK Government refuses to rescue councils caught in Iceland bank collapse

The UK's consumer savings protection laws will be put to the test for the first time after the colapse of Iceland's Landsbanki, which had banking outlets in the UK under the name ICEsave. However it has emerged...

Barclays, RBS in Talks on U.K. Government Funding

RBS and Barclays banks in the UK are thought to be the next to be in trouble, with shares in both banks plummeting today. It is thought that the UK government is going to take partial ownership in both banks."The U.K. government may invest at least 45 billion pounds ($79...

After record losses on the FTSE and Wall Street, how much worse can it get?

Wow now we have the hype and the problem is made to be 10 times worse than it really is. I wonder if the media realises its power of causing a real finacial melt down, people panic sell their shares move their money buy gold.   This sudden slump on the stocks and...

Poll disaster for Bavaria leaders

Elections in the German region of Bavaria yesterday saw a major blow dealt to Germany's conservative party. The result was the party's worst result since 1954. The result is bad news for Germany's chancellor Angela Merkel."Bavaria's ruling conservatives, the Christian Social...

Alistair Darling's shocking admission: British economy is at a 60-year low - ...

Credit crunch hits the Uk with Bank place London. With the dramatic downturn of the housing market, it  will lead to 2 million unemployeed at christmas, Worst scenario since 1945. Photo shows Transport...

Rice in Georgia on peace mission

Condoleeza Rice has arrived in Tblisi, a visit that is likely to be seen as confrontational by Russia. Rice is not going to also visit Moscow, instead returning directly to the US from Georgia. "U.S. Secretary of State Condoleezza Rice arrived in Georgia Friday on the second...

Miliband Invites Milburn to be his Chancellor in Astonishing Oust Plot

Foreign Secretary David Miliband's perceived strategy of deposing Gordon Brown as Prime Minister appears to be speeding "full scale ahead", as he invites Ultra-Blairite Health Secretary Alan Milburn to be his...

closeSign in to NowPublic

is reporting from