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Reuters: Top News

Greek parties face Monday EU bailout deadline
Sunday 5th February 2012 11:40PM

ATHENS (Reuters) - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.

Snow forces Heathrow to cancel half its flights
Sunday 5th February 2012 11:02PM

LONDON (Reuters) - Heathrow Airport has cut around half of the 1,300 flights scheduled for Sunday after snow and freezing temperatures hit much of England on Saturday.

Anger after Russia, China block U.N. action on Syria
Monday 6th February 2012 2:08AM

BEIRUT/UNITED NATIONS (Reuters) - Western and Arab states voiced outrage Sunday after Russia and China vetoed a U.N. resolution that would have backed an Arab plan urging Syrian President Bashar al-Assad to give up power, and Washington vowed harsher sanctions against Damascus.

China bans airlines from joining EU emissions scheme
Monday 6th February 2012 1:39AM

BEIJING (Reuters) - The Chinese government said on Monday it has barred the country's airlines from joining a European Union scheme to charge for carbon emissions from flights into and out of Europe and prohibit airlines from charging customers extra because of the EU plan.

Glencore offers 8 percent premium to Xstrata to seal merger - FT
Monday 6th February 2012 3:28AM

(Reuters) - Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed $88 billion (55 billion pounds) merger with global miner Xstrata Plc, the Financial Times reported on Monday.

Olympus ex-CEO Woodford sees more revelations
Sunday 5th February 2012 10:56PM

TOKYO/LONDON (Reuters) - Official investigations into a massive fraud at Japan's Olympus Corp are highly likely to lead to further revelations on the scandal soon, according to the firm's former chief executive, Michael Woodford, who blew the whistle on the affair.

Obama says risky to attack Iran, wants diplomatic fix
Monday 6th February 2012 12:21AM

WASHINGTON/TEHRAN (Reuters) - U.S. President Barack Obama said on Sunday there were important risks to consider before any military strike against Iran and made clear he does not want to see more conflict in the oil-producing Gulf region.

Bank lending to shrink in 2012 - Ernst & Young
Monday 6th February 2012 12:04AM

LONDON (Reuters) - Total bank lending in Britain is set to shrink for the first time since 2009 this year, and the lack of credit from mainstream banks will help payday loan firms grow further, a survey by the Ernst & Young ITEM club said on Monday.

Europe's cold snap claims more victims, travel hit
Monday 6th February 2012 3:43AM

KIEV/LONDON (Reuters) - Bitterly cold weather sweeping across Europe claimed more victims on Sunday, brought widespread disruption to transport services, and left thousands without power with warnings that low temperatures would continue into next week.

Queen Elizabeth celebrates 60 years on throne
Monday 6th February 2012 12:07AM

LONDON (Reuters) - Queen Elizabeth celebrated 60 years on the throne on Monday to become the second British monarch to reach that milestone.