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The British Telecom (BT) logo. BT, seeking to slash costs in ...

(AFP) — Sat, 04 Jul 2009 09:28:00 GMT

(AFP) - The British Telecom (BT) logo. BT, seeking to slash costs in the face of Britain's worst recession in years, is offering employees a year at home in return for a 75-percent pay cut, the telecoms operator said. Photo:Shaun Curry/AFP

Sri Lanka's central bank chief said that the island could live ...

(AFP) — Sat, 04 Jul 2009 07:29:00 GMT

(AFP) - Sri Lanka's central bank chief said that the island could live without a major IMF bailout that had been delayed by the final stages of the government's fight with Tamil Tiger rebels Photo:Tim Sloan/AFP

Stock prices are displayed at a securities firm in Beijing. ...

(AFP) — Sat, 04 Jul 2009 06:15:00 GMT

(AFP) - Stock prices are displayed at a securities firm in Beijing. China's sovereign wealth fund said it would buy $1.5 bln worth of shares of the Canadian mining company Teck Resources Ltd. The purchase by the China Investment Corp would amount to a 17.2% equity stake in Teck, giving the $200 bln wealth fund a 6.7% voting interest in the mining company, according to the corporation. Photo:Peter Parks/AFP

Stanford Financial chairman and CEO Sir Robert Allen Stanford ...

(AFP) — Fri, 03 Jul 2009 21:55:00 GMT

(AFP) - Stanford Financial chairman and CEO Sir Robert Allen Stanford leaves the Bob Casey Federal Courthouse after a bond hearing in June 2009 in Houston, Texas. Two US legal firms announced Friday that they have filed a class action suit against a London-based insurer on behalf of the Mexican victims of fraudulent financier Allen Stanford. Photo:Dave Einsel/AFP

Texas billionaire Allen Stanford gives members of the media ...

(Reuters) — Fri, 03 Jul 2009 20:47:00 GMT

(Reuters) - Texas billionaire Allen Stanford gives members of the media a thumbs up as he leaves the Bob Casey Federal courthouse in the custody of U.S. Marshals in Houston June 29, 2009. REUTERS/ Steve Campbell

An investor looks at the stock price monitor at a private securities ...

(The Canadian Press) — Fri, 03 Jul 2009 20:45:00 GMT

(The Canadian Press) - An investor looks at the stock price monitor at a private securities company in Shanghai, China. Hong Kong's Hang Seng index edged up 0.1 per cent. THE ASSOCIATED PRESS /Eugene Hoshiko

Inter-American Development Bank president Luis Alberto Moreno ...

(AFP) — Fri, 03 Jul 2009 20:44:00 GMT

(AFP) - Inter-American Development Bank president Luis Alberto Moreno takes part in the opening session of the Finance Minister Summit in Vina del Mar, Chile. Latin America and the Caribbean are well placed to emerge from the storm buffeting much of the global economy, multilateral lenders said here on Friday. Photo:Martin Bernetti/AFP

Brazilian President Luiz Inacio Lula da Silva, seen here in ...

(AFP) — Fri, 03 Jul 2009 20:27:00 GMT

(AFP) - Brazilian President Luiz Inacio Lula da Silva, seen here in June 2009, will call on wealthy nations to moderate their demands on poor countries during next week's G8 summit in Italy, a presidential spokesman said Friday. Photo:Evaristo Sa/AFP

A Toronto Stock Exchange (TSX) logo is seen in Toronto November ...

(Reuters) — Fri, 03 Jul 2009 20:08:00 GMT

(Reuters) - A Toronto Stock Exchange (TSX) logo is seen in Toronto November 9, 2007. REUTERS/Mark Blinch

A general view of a plenary session of the Bundestag, Germany's ...

(AFP) — Fri, 03 Jul 2009 19:48:00 GMT

(AFP) - A general view of a plenary session of the Bundestag, Germany's lower house of parliament in Berlin in 2008. The lower house approved a bill that provides for the creation of 'bad banks' to help commercial and state-owned banks recover from the financial crisis. Photo:John Macdougall/AFP

Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, ...

(AFP) — Fri, 03 Jul 2009 19:32:00 GMT

(AFP) - Turkey's Prime Minister Tayyip Erdogan, seen here on June 2009, delivers a speech at the 20th Crans Montana Forum in Brussels. Erdogan will host the signing ceremony for the intergovernmental deal on Europe's flagship Nabucco gas pipeline project in Ankara on July 13. Photo:Dominique Faget/AFP

Turkey's Foreign Minister Ahmet Davutoglu, seen here in June ...

(AFP) — Fri, 03 Jul 2009 19:32:00 GMT

(AFP) - Turkey's Foreign Minister Ahmet Davutoglu, seen here in June 2009, addresses a press conference in Berlin. Russian Gazprom's recent deal to buy natural gas from Azerbaijan will not endanger Europe's flagship pipeline project Nabucco, Davutoglu said. Photo:John Macdougall/AFP

Air Canada planes sit on the tarmac at Pearson International ...

(Reuters) — Fri, 03 Jul 2009 18:38:00 GMT

(Reuters) - Air Canada planes sit on the tarmac at Pearson International Airport in Toronto, June 17, 2008. REUTERS/Mike Cassese

A British Airways passenger plane comes in to land at Gatwick ...

(AFP) — Fri, 03 Jul 2009 17:43:00 GMT

(AFP) - A British Airways passenger plane comes in to land at Gatwick Airport in March 2009. BA said that it would slash capital expenditure by one fifth in the current financial year after posting another sharp drop in monthly passenger numbers. Photo:Adrian Dennis/AFP

Canada's Finance Minister Jim Flaherty speaks during the 'Hemispheric ...

(Reuters) — Fri, 03 Jul 2009 17:35:00 GMT

(Reuters) - Canada's Finance Minister Jim Flaherty speaks during the 'Hemispheric Responses to Global Economic Instability' conference in Santiago July 2, 2009. REUTERS/Víctor Ruiz Caballero

Finance Minister Jim Flaherty. THE CANADIAN PRESS/Sean Kilpatrick ...

(The Canadian Press) — Fri, 03 Jul 2009 17:22:00 GMT

(The Canadian Press) - Finance Minister Jim Flaherty. THE CANADIAN PRESS/Sean Kilpatrick

Finance Minister Jim Flaherty speaks to journalists during the ...

(Reuters) — Fri, 03 Jul 2009 17:21:00 GMT

(Reuters) - Finance Minister Jim Flaherty speaks to journalists during the 'Hemispheric Responses to Global Economic Instability' conference in Santiago July 2, 2009. REUTERS/Víctor Ruiz Caballero

Accused swindler Bernard Madoff enters the Manhattan federal ...

(Reuters) — Fri, 03 Jul 2009 17:17:00 GMT

(Reuters) - Accused swindler Bernard Madoff enters the Manhattan federal court house in New York, March 12, 2009. REUTERS/Shannon Stapleton

Teck Resources President and Chief Executive Officer Donald ...

(Reuters) — Fri, 03 Jul 2009 17:11:00 GMT

(Reuters) - Teck Resources President and Chief Executive Officer Donald Lindsay speaks to shareholders during the annual general meeting in Vancouver British Columbia April 26, 2006. REUTERS/Lyle Stafford

A trader sits at the MICEX stock exchange in Moscow in a file ...

(Reuters) — Fri, 03 Jul 2009 17:08:00 GMT

(Reuters) - A trader sits at the MICEX stock exchange in Moscow in a file photo. REUTERS/Alexander Natruskin

The Amalgamated Bank of South Africa logo. The Zambian government ...

(AFP) — Fri, 03 Jul 2009 17:05:00 GMT

(AFP) - The Amalgamated Bank of South Africa logo. The Zambian government is ready to face a leading South African bank in court for 74.3 million dollars sought over the breach of a feedstock contract. Photo:/AFP

Algeria's Minister of Energy Chakib Khelil is pictured in May ...

(AFP) — Fri, 03 Jul 2009 16:49:00 GMT

(AFP) - Algeria's Minister of Energy Chakib Khelil is pictured in May 2009. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. Photo:Samuel Kubani/AFP

A woman carries tapioca seeds next to a gas flare fire near ...

(AFP) — Fri, 03 Jul 2009 16:49:00 GMT

(AFP) - A woman carries tapioca seeds next to a gas flare fire near Warri, 2007. Three African countries on Friday signed an accord to build a 10-billion-dollar trans-Saharan gas pipeline linking vast reserves in Nigeria to Europe. Photo:Lionel Healing/AFP

Canadian Finance Minister Jim Flaherty speaks at the International ...

(Reuters) — Fri, 03 Jul 2009 16:44:00 GMT

(Reuters) - Canadian Finance Minister Jim Flaherty speaks at the International Economic Forum of the Americas conference in Montreal, June 8, 2009. REUTERS/Christinne Muschi

The dollar climbed against the euro Friday after eurozone retail ...

(AFP) — Fri, 03 Jul 2009 16:39:00 GMT

(AFP) - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the 'safe-haven' greenback. Photo:Bertrand Langlois/AFP

A view of new office and residential buildings in the so-called ...

(AFP) — Fri, 03 Jul 2009 16:11:00 GMT

(AFP) - A view of new office and residential buildings in the so-called central business district of Beijing. China's recent moves to ease curbs on the real estate sector have sent prices soaring recently, stoking fears that new property bubbles are forming, according to state media. Photo:Peter Parks/AFP

Gordon M. Nixon, president and chief executive officer of Royal ...

(Reuters) — Fri, 03 Jul 2009 15:51:00 GMT

(Reuters) - Gordon M. Nixon, president and chief executive officer of Royal Bank of Canada, speaks to reporters about the state of the banking industry in Toronto, June 2, 2009. REUTERS/Mike Cassese

U.S. 100-dollar bills are piled up after being counted at the ...

(Reuters) — Fri, 03 Jul 2009 14:29:00 GMT

(Reuters) - U.S. 100-dollar bills are piled up after being counted at the Korea Exchange Bank (KEB) in Seoul October 13, 2008. REUTERS/Lee Jae-Won

A view of the main entrance of the Opel assembly plant in Antwerp ...

(Reuters) — Fri, 03 Jul 2009 14:15:00 GMT

(Reuters) - A view of the main entrance of the Opel assembly plant in Antwerp June 15, 2009. REUTERS/Thierry Roge

An oil platform in the North Sea. Oil market officials in London ...

(AFP) — Fri, 03 Jul 2009 13:36:00 GMT

(AFP) - An oil platform in the North Sea. Oil market officials in London have launched a probe into an alleged rogue trader who helped push prices to eight-month peaks this week, costing his company nearly $10 million (£6.12 million). Photo:/AFP

Steam and other emissions are seen coming from funnels at an ...

(Reuters) — Fri, 03 Jul 2009 13:31:00 GMT

(Reuters) - Steam and other emissions are seen coming from funnels at an oil refinery in Melbourne June 24, 2009. REUTERS/Mick Tsikas

Oil prices fell further, but losses were less severe than a ...

(AFP) — Fri, 03 Jul 2009 13:02:00 GMT

(AFP) - Oil prices fell further, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy. Photo:Thomas Coex/AFP

U.S. Marshal Roland Ubaldo walks through members of the media ...

(Reuters) — Fri, 03 Jul 2009 11:22:00 GMT

(Reuters) - U.S. Marshal Roland Ubaldo walks through members of the media outside the apartment building of disgraced financier Bernard Madoff in New York City's upper east side July 2, 2009. REUTERS/Lucas Jackson

Europe's main stock markets weakened further after sliding a ...

(AFP) — Fri, 03 Jul 2009 10:50:00 GMT

(AFP) - Europe's main stock markets weakened further after sliding a day earlier on news of greater-than-expected job losses in the United States. Photo:Jean Ayissi/AFP

U.S. President Barack Obama speaks about innovation and job ...

(Reuters) — Fri, 03 Jul 2009 09:50:00 GMT

(Reuters) - U.S. President Barack Obama speaks about innovation and job creation at the White House in Washington July 2, 2009. REUTERS/Kevin Lamarque

British prime minister Gordon Brown smiles during a visit to ...

(AFP) — Fri, 03 Jul 2009 08:52:00 GMT

(AFP) - British prime minister Gordon Brown smiles during a visit to Rio Tinto power station in Lynemouth, northern England. Mining giant Rio Tinto confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. Photo:Nigel Roddis/AFP

Lorim Point, Rio Tinto's Alcan Mining Operation at Weipa, in ...

(AFP) — Fri, 03 Jul 2009 08:52:00 GMT

(AFP) - Lorim Point, Rio Tinto's Alcan Mining Operation at Weipa, in northern Queensland. Mining giant Rio Tinto confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. Photo:/AFP

Ships are seen at Rio Tinto's at Cape Lambert port in the Western ...

(AFP) — Fri, 03 Jul 2009 08:52:00 GMT

(AFP) - Ships are seen at Rio Tinto's at Cape Lambert port in the Western Australia. The mining giant has confirmed a huge take-up for its record rights offering after investors snapped up the Australian portion, allowing it to pay off a large chunk of its heavy debt. Photo:/AFP

A 13-storey residential building under construction in Shanghai ...

(AFP) — Fri, 03 Jul 2009 07:16:00 GMT

(AFP) - A 13-storey residential building under construction in Shanghai fell over on June 27. The building that collapsed last week, killing a construction worker, did so because contractors had recklessly shifted the earth at its base, the city government said. Photo:/AFP

A sales assistant shows a customer a Nokia handset at a store ...

(AFP) — Fri, 03 Jul 2009 07:07:00 GMT

(AFP) - A sales assistant shows a customer a Nokia handset at a store in Hong Kong. Rampant piracy and a crumbling market for CDs has put the music industry in Asia under immense pressure, but experts are hoping that technology like Nokia's music services will help to fill the gap. Photo:Mike Clarke/AFP

A sales assistant holds up a Nokia handset featuring a new mobile ...

(AFP) — Fri, 03 Jul 2009 07:07:00 GMT

(AFP) - A sales assistant holds up a Nokia handset featuring a new mobile internet music download platform at a store in Hong Kong. Rampant piracy and a crumbling market for CDs has put the music industry in Asia under immense pressure, but experts are hoping that technology like Nokia's music services will help to fill the gap. Photo:Mike Clarke/AFP

Visitors walk past a Deutsche Telekom logo in Hanover. The biggest ...

(AFP) — Fri, 03 Jul 2009 07:06:00 GMT

(AFP) - Visitors walk past a Deutsche Telekom logo in Hanover. The biggest German telecommunications operator, Deutsche Telekom, is looking to swap its loss-making T-Mobile unit in Britain for an asset in another country, a press report said. Photo:John Macdougall/AFP

Delta Flight 16, on Boeing 777-200LR, prepares to takeoff from ...

(AFP) — Fri, 03 Jul 2009 05:37:00 GMT

(AFP) - Delta Flight 16, on Boeing 777-200LR, prepares to takeoff from Sydney International Airport for the airline's first nonstop Sydney-to-Los-Angeles flight, on July 3. The nonstop service will provide Australians with unparalleled connections from Los Angeles to more than 300 key destinations in the U.S. as well as Canada, Mexico, Central and South America, the Caribbean and Europe. Photo:James Morgan/AFP

US President Barack Obama said the latest surge in job losses ...

(AFP) — Fri, 03 Jul 2009 02:15:00 GMT

(AFP) - US President Barack Obama said the latest surge in job losses was 'sobering,' after new government figures pushed the unemployment rate to a new 26-year high of 9.5 percent. Photo:Saul Loeb/AFP

Unemployment advisor Shawn Morales with the New York State Labor ...

(AFP) — Fri, 03 Jul 2009 02:15:00 GMT

(AFP) - Unemployment advisor Shawn Morales with the New York State Labor Department's Division of Employment Services gives information to a job seeker in the Brooklyn borough of New York City. According to a Department of Labor report, US employers cut more jobs in June, causing unemployment to rise to 9.5 percent, the highest since August 1983. Photo:Chris Hondros/AFP

A job seeker sits near an employment bulletin board at the New ...

(AFP) — Fri, 03 Jul 2009 02:15:00 GMT

(AFP) - A job seeker sits near an employment bulletin board at the New York State Labor Department's Division of Employment Services in New York City. President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound. Photo:Chris Hondros/AFP

Quebecor World plant in LaSalle, Quebec is pictured here January ...

(Reuters) — Thu, 02 Jul 2009 22:10:00 GMT

(Reuters) - Quebecor World plant in LaSalle, Quebec is pictured here January 21, 2008. REUTERS/Christinne Muschi

The Washington Post building in Washington, DC. Amid an outcry ...

(AFP) — Thu, 02 Jul 2009 21:35:00 GMT

(AFP) - The Washington Post building in Washington, DC. Amid an outcry from its own newsroom, The Washington Post on Thursday canceled plans to host events offering lobbyists access to US government officials, members of Congress and Post reporters. Photo:Alex Wong/AFP

Amid an outcry from its own newsroom, The Washington Post on ...

(AFP) — Thu, 02 Jul 2009 21:35:00 GMT

(AFP) - Amid an outcry from its own newsroom, The Washington Post on Thursday canceled plans to host events offering lobbyists access to US government officials, members of Congress and Post reporters. Photo:/AFP

A woman holding several euro and US dollar notes. The dollar ...

(AFP) — Thu, 02 Jul 2009 21:30:00 GMT

(AFP) - A woman holding several euro and US dollar notes. The dollar found fresh momentum Thursday after a disappointing US unemployment report sent shockwaves through financial markets, pushing investors to safe havens. Photo:Bertrand Langlois/AFP