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A Look at China and Hong Kong

Last week,China's National Bureau of Statistics released the welcome news that the Consumer Price Index (CPI) year-on-year rate of inflation to October 2011 had fallen to 5.5 per cent, markedly down from September's 6.1 per cent. The CPI had peaked at 6.5 per cent in July 2011.

New Sarkozy-Obama Exchange: Papandreou is 'Crazy and Depressed'

In another overheard exchange with US President Barack Obama at the G20 summit two weeks ago, Franch President Nicholas Sarkozy allegedly described Greek minister George Papandreou as 'crazy' and 'depressed', according to French newspaper Le Parisien. The conversation hit the headlines when Israeli Prime Minister Benjamin Netanyahu as a "liar"

Greek Debt Crisis: New Prime Minister by End of the Day

After 48 hours of political deadlock, Greece will name its new prime minster by the end of the day after the outgoing premier, George Papandreou, and opposition leader, Antonis Samaras, reached a consensus with the country’s president Carolos Papoulias yesterday evening.

Italy Accepts IMF Monitoring Over Austerity Measures

IMF is monitoring Italy over its long delayed plan of reforms of pensions, labour markets and privatisation, EU Commission President Josè Manuel Barroso said on Friday. Under pressure from financial markets and European peers, Prime Minister Silvio Berlusconi agreed to allow International Monetary Fund to oversight the country's progress to overhaul its debt crisis.

David Cameron Faces New Eurosceptic Rebellion

The prime minister, David Cameron, faces yet another rebellion in the Commons – this time over the use British taxpayers’ money to boost the International Monetary Fund (IMF), a fiscal reserve that supports ailing economies such as Greece.

Chaos in Italy as Deputies Urge Berlusconi to Resign

Silvio Berlusconi is feeling the pressure of a financial and political crisis as six former parliamentary loyalists sign a letter calling for a new government amid controversy over the cabinet's economic reform plan.

Euro Gets Priority Over Greece at G-20 Meeting

World leaders are burning the midnight oil on Wednesday, in an effort to end the Eurozone crisis. They have collectively made it clear saving the Euro is more important than the outcome of the Greek referendum.

FTSE Opens Higher as Greece Proceeds with Referendum

Greek Prime Minister George Papandreou has decided to go ahead with his decision to conduct the referendum to decide on his country's future with European Union, brushing aside the market turmoil caused by his announcement Monday as "short lived."

PMQs: Leaders Clash over UK Economy

Labour’s leader, Ed Miliband clashed with the prime minister, David Cameron on the UK economy but avoided asking anything on the Eurozone issue.

G20 Summit: Greek Tragedy Overwhelms World Leaders

The G20 Summit, starting November 3, has been plunged into confusion as the shock announcement of a Greek referendum on the Eurozone bail-out has sparked anger among world leaders and confusion on the world markets.