BREAKING NEWS
21 found dead in Philippine hostage crisis, says military
21 people, who were among a group of journalists and local politicians abducted in southern Philippines, have been found dead, according to the region's military chief Major General Alfredo Cayton.
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financial crisis
financial crisis - WTO
Pascal Lamy, Director-General of the WTO
This week on the Talk of Paris, Ulysse Gosset's guest is Pascal Lamy, head of the World Trade Organisation (WTO)
financial crisis - parliament
Hans-Gert Pöttering, president of the European Parliament
Germany's Hans-Gert Pöttering has been at the head of the European Parliament since January 2007. He explains why European states should pull together to find a common solution to the financial crisis. (Part 1)
ECB - financial crisis
ECB: No US-style bailout plan for Europe
European Central Bank president Jean-Claude Trichet tells FRANCE 24 that Europe needs to find its own solutions, and that to follow the US example would be naïve.
FINANCIAL CRISIS (Last modification: 24/12/08)
Global capitalism on the brink?
Billion-dollar bailout schemes and major bankruptcies have sent taxpayers and traders reeling with shock as global banking systems teeters on the brink of collapse. Is this the end of global capitalism as we know it?
BANKING
UK banking giant Lloyds to cut 5,000 jobs by 2010
Despite receiving a bailout from the British Government, UK banking giant Lloyds is following in the footsteps of RBS and HSBC by announcing that it is looking to cut 5,000 jobs by 2010.
G20
Finance officials pledge to maintain stimulus measures
Top finance officials from rich and developing countries meeting in Scotland Saturday agreed that it was too early to lift emergency stimulus measures and new frameworks were needed to coordinate economic decision-making.
G20
Brown urges ministers to consider bank tax
British Prime Minister Gordon Brown urged G20 finance ministers gathered in St Andrews to urgently consider a financial transactions levy on banks to make them more accountable to society.
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MONETARY POLICY
ECB and BoE leave interest rates on hold at record low levels
The European Central Bank has decided to leave interest rates at the historical low level of 1%. The Bank of England has mirrored this move and has also decided to keep interest rates on hold at 0.5%.
UK
Dramatic shake-up for British banking sector
The British government will sharply shake up the banking sector by selling off assets from RBS and Lloyds to form new banks. The government will provide 30 billion pounds to support the changes. HSBC, meanwhile, is to axe 1,700 jobs.
BANKING
Royal Bank of Scotland to cut 3,700 jobs
The struggling Royal Bank of Scotland has announced it is planning to cut 3,700 jobs across its retail operations in Great Britain, it announced on Monday.
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