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SAB Miller and IAG outperform as FTSE jumps nearly two percent 3:10pm GMT

LONDON - The FTSE 100 rose on Thursday, as the U.S. Federal Reserve's pledge for a "patient approach" to any interest rate increase lifted stock markets around the world.

A Royal Mail post box is seen in central London July 11, 2014. REUTERS/Neil Hall

Royal Mail was sold too cheaply, report finds

The privatisation of Royal Mail could have raised an extra £180 million, according to a government-commissioned report that largely endorsed the cautious approach by ministers in the £2 billion sale.  Full Article 

Security guards stand behind rails at the entrance of United Artists theater during premiere of the film 'The Interview' in Los Angeles, California December 11, 2014.  REUTERS/Kevork Djansezian

A win for North Korean hackers?

LOS ANGELES - Sony Pictures has cancelled the release of a comedy on the fictional assassination of North Korea's leader, in what appears to be an unprecedented victory for Pyongyang and its abilities to wage cyber-warfare.  Full Article | Video 

U.S. Federal Reserve Chair Janet Yellen holds a news conference at the Federal Reserve in Washington December 17, 2014. REUTERS/Kevin Lamarque

Fed confident on U.S. growth

WASHINGTON - The Federal Reserve offers a strong signal that it is on track to raise interest rates sometime next year, altering a pledge to keep rates near zero for a "considerable time" in a show of confidence in the U.S. economy.  Video | Full Article 

A general view shows the city of Luxembourg in this October 11, 2013 file photo. REUTERS/Francois Lenoir/Files

After Juncker, Luxembourg seeks tax guru help

LUXEMBOURG - When Jean-Claude Juncker was voted out after two decades running Luxembourg, his rivals were eager not to alienate tax gurus who had helped him make their tiny state rich.  Full Article 

Mehran Khan, 14, who survived an attack by Taliban gunmen on the Army Public School, receives his medicine as he lies in a hospital bed in Peshawar December 17, 2014. REUTERS/Zohra Bensemra

Rage, tears and broken childhoods in Pakistan

PESHAWAR, Pakistan - Mehran Khan, a mild-mannered 14-year-old survivor of this week's massacre at a Pakistani school, says he will not rest until the meaningless deaths of his classmates have been avenged.  Video | Full Article 

Iranian refugee Man Haron Monis speaks in this still image taken from undated file footage. REUTERS/ABC via Reuters TV

The hostage that eluded the Sydney gunman

SYDNEY - One hostage the Sydney siege gunman failed to take was social media. After traditional media refused to air or print details of phone calls his hostages made, Man Haron Monis turned to Facebook and YouTube. Those messages never went viral.  Full Article 

People cheer for the 'Cuban Five' in Havana December 17, 2014. REUTERS/Stringer

U.S. and Cuba restore ties after 50 years

HAVANA/WASHINGTON - The United States and Cuba agree to restore diplomatic ties that Washington severed more than 50 years ago, and President Barack Obama calls for an end to the long economic embargo against its old Cold War enemy.  Video | Full Article