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Greece caves to pressure and cuts state jobs

Greece's coalition government has agreed to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.

Read more: Greece caves to pressure and cuts state jobs

   

Greece debt talks on 'knife-edge'

Greece's prime minister is pressing his political allies to support a rescue package in order to avoid a government default, after his finance minister warned that just hours remain to secure a deal.

Read more: Greece debt talks on 'knife-edge'

   

Unemployment hits record high in Spain

Spain's unemployment rate has hit a record high, the 4.6 million jobless figure being a rise of four per cent from December.

Read more: Unemployment hits record high in Spain

   

US jobless rate sinks to three-year low

Unemployment falls to 8.3 per cent, its lowest rate since February 2009The United States unemployment rate fell to 8.3 per cent in January, its lowest level in nearly three years, due to an unexpected surge in hiring, according to published government data.

Read more: US jobless rate sinks to three-year low

   

Sony gives $2.9bn loss warning

Sony, Japan's ailing electronics company, has said it is heading for a bigger-than-expected 220bn yen ($2.9bn) annual loss, presenting a daunting task for incoming CEO Kazuo Hirai, who vowed to move quickly to turn things around.

Read more: Sony gives $2.9bn loss warning

   

Facebook plans $5bn stock market debut

The world's largest social network has filed to raise $5bn in a much anticipated stock market flotation that would be Silicon Valley's largest-ever initial public offering, though much less than some analysts had predicted.

Read more: Facebook plans $5bn stock market debut

   

American Airlines to cut 13,000 jobs

The parent company of American Airlines says it needs to eliminate about 13,000 jobs, as one of the largest US airlines remakes itself under bankruptcy protection.

Read more: American Airlines to cut 13,000 jobs

   

Eurozone unemployment hits record high

Joblessness across Europe continues to riseUnemployment in the eurozone has risen to the highest level since June 1998, before the euro was introduced, according to recent data.

Read more: Eurozone unemployment hits record high

   

EU nations agree pact to tackle debt crisis

All European Union countries, except Britain and the Czech Republic, have agreed to sign up to a new treaty designed to stop overspending in the eurozone and put an end to the bloc's crippling debt crisis, while also pledging to stimulate growth across the region.

Read more: EU nations agree pact to tackle debt crisis

   

Strike brings Belgium to a halt

Trains and public transport are paralyzed across Belgium during a day of nationwide strikes to protest austerity measures that have in part been imposed through European Union pressure.

Read more: Strike brings Belgium to a halt

   

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