Crisis

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Kenya: Parliament Resumes Amidst Crisis of Time
Parliament resumes tomorrow amidst panic that there may not be enough time to pass 11 crucial bills before the August 27 constitutional implementation deadline. Legislators resuming from recess already...
UK banks dragged into eurozone crisis as global markets take fright
Lloyds, RBS and Barclays take £5bn hit as stock and commodity prices plummet, while US urges Europe to be more decisive More than £5bn was wiped off the value of three of Britain's biggest banks on...
USA launches another wave of crisis
There will be no technical default in the US in early August, but the threat of a second wave of the global financial crisis is increasingly more obvious, believes the president of the Association of...
Irish debt cut to 'junk' status as euro zone crisis deepens
Irish debt was cut to “junk” status by credit rating agency Moody’s, last night, hours after the Minister for Finance said that measures to aid Greece proposed by euro zone finance ministers on...
Italian markets hit by debt crisis contagion fears
MILAN —Italian financial markets slumped yesterday, with the spread between the 10-year bond yield and Germany’s benchmark hitting a new record, as investors worried the country may become engulfed...
Euro shaken by debt crisis; dollar benefits
SYDNEY (Reuters) - The euro struggled to find any friends in Asia on Tuesday, having hit a record low against the Swiss franc as doubts lingered even after European financial officials offered fresh...
Van Rompuy calls debt crisis meeting
European finance ministers gather for a two-day meeting later, with Italy the latest cause for concern.