G20

Prime Minister George Papandreou's shock announcement Monday night that Greece's bailout plan will be put to referendum has been coldly received by German Chancellor Angela Merkel and French President Nicolas Sarkozy, bringing accusations the move will intensify the euro zone crisis.

In accordance with promises to kick-start infrastructure projects and revive the economy, David Cameron, Prime Minister of the United Kingdom, has given the thumbs-up for two power plants in Yorkshire, which should create 1,000 construction-related jobs, the BBC reported. Meanwhile, in a strong move to recognize gay rights, Britain will contemplate withholding aid from countries that do not reform the law banning homosexuality.

Even a best case scenario at the landmark EU summit “wouldn’t be enough to avert the financial crisis,” a financial analyst said today, just moments before the summit were set to begin.

If the Greek debt is cut by as much 60 per cent, one of the solutions to the debt crisis proposed by EU leaders at Wednesday's summit, it could be disastrous for European banks, according to the former Chancellor of the Exchequer Lord Lamont.

Shares in British banks were up on the FTSE 100 in morning trading as investors appeared to be buoyed by the promise of decisive action on the eurozone debt crisis.

The downgrading of Spain's credit rating on Friday is likely to stoke fears of a Eurozone debt crisis at a summit of G20 financial chiefs in Paris.

Shares in British banks were mixed on the FTSE 100 in morning trading after ratings agency Standard & Poor's downgraded Spain's credit rating.

The FTSE 100 bounced back Tuesday amid hopes that the International Monetary Fund is soon to agree a package to resolve the debt crisis.

ust a few days after the 2011 G8 summit in Deauville, Oxfam warns that the prices of staple foods will more than double in 20 years unless world leaders take action to reform the global food system.According to the organisation's forecast, by 2030, the average cost of key crops will increase by between 120% and 180% and insists that half of that increase will be caused by climate change.In its newly published report, "Growing a better future", the charity calls on world leaders ...

In 2009 Obama went on his first official visit to Europe with a planned In 2009 ObamaIa five-nation tour in which he was said to be determined to tackle almost every global problem. He came out of the G20 as victorious as he managed to broker a deal a deal at the G20 summit in London, which he has hailed as a "turning point" in the economic crisis. The negotiations were however tough as French PRESIDENT Nicolas Sarkozy threatened to walk out from what he said were "false compromises"...

Shares in Barclays were down on the FTSE 100 in morning trading after the group reported a fall in pre-tax profit in the three months ended 31 March.

Maybe because they were heading in that direction for the G20 Summit in Seoul, unusually, someone in the Government must have hit upon the bright idea of taking along a fairly large business delegation for a stopover in Beijing. With the G20 conference widely expected beforehand to dissolve into a G2 summit between the world's two largest economies, Britain and America - sorry, a hundred year slip - China and America. With the UK playing a somewhat marginal role at best, this was splendid f...

Shares in British banks were broadly down on the FTSE 100 in morning trading ahead of news from the G20 meeting, currently being held in South Korea.

Shares in British banks were up in morning trading on the FTSE 100 as concerns about regulation of the banking sector eased off.

Shares in Standard Chartered were down in morning trading on the FTSE 100 as an "upbeat" pre-close update was overshadowed by the prospect of greater regulation of the banking sector by the G20.

National leaders at the G20 summit in Canada have binned the idea of a global levy on banks and have committed themselves to cutting their national budget deficits, despite concerns from the USA and developing economies.

Leaders of the Group of Eight Industrialised Nations have ended their summit without an agreement on an international bank tax.

British Prime Minister David Cameron is hoping to use the G8/G20 summit to improve relations with Russia, according to his spokesman.

Shares in British banks were mixed on the FTSE 100 in morning trading ahead of this weekend's G20 meeting in Canada.

RBS, the Royal Bank of Scotland has lined up three bidders for Worldpay and expects to sell more businesses and branches later this year.