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Greeks vote with wallets in fear of euro zone exit

7:22pm BST

ATHENS/BERLIN - Greeks are voting with their wallets and pulling euros out of the banks in fear that their country may leave the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union.

Euro crisis leaves door open for more BoE easing

3:54pm BST

LONDON - The escalating danger from the neighbouring euro zone debt crisis prompted the Bank of England on Wednesday to keep alive the prospect of more help for an ailing economy it said was growing more slowly than expected. | Video

Britain's Prime Minister David Cameron holds a news conference after a European Union summit in Brussels January 30, 2012. REUTERS/Sebastien Pirlet

Cameron plays down differences with Hollande

Prime Minister David Cameron says he will hold talks with new French President Francois Hollande before an international summit this week, confident they will find "common ground" on how to tackle Europe's economic crisis.  Full Article 

A handout combination picture of two video grabs released on September 2, 2012 on the Syrian Arab News Agency taken from confession videos that shows Qusai Shaqfeh (L) and Omran Abd El-Razzak, labeled as ''terrorists'' by Syrian state media. Reuters/Sana/Handout

Syria's television confessions fail to convince

BEIRUT - Syria's state television airs interviews with men confessing to acts of violence to sully the image of President Bashar al-Assad's opponents. But the interviews are mocked by many Syrians and an ex-producer says that many confessions are bogus.  Full Article 

A Tanzanian engineer walks at the Songas gas processing plant in Songo Songo Island, 225 km south of the Tanzanian capital Dar es Salaam and 25 km off the coast of Tanzania January 27, 2005. REUTERS/Emmanuel Kwitema

East Africa is the next big gas source

Western companies announce finds of huge additional quantities of gas off the coast of Mozambique and Tanzania, cementing the future of East Africa as a major new supplier exporting liquefied natural gas to energy-hungry Asia.  Full Article 

A realtor sign is displayed near a house for sale in Phoenix, Arizona, January 4, 2011.  REUTERS/Joshua Lott

Foreclosed Americans return to homeownership

NEW YORK - A small but growing number of Americans are making a surprisingly quick return to homeownership after defaulting on their loans or being forced into sales that cost their banks.  Full Article 

An operator works on a flap track fairing (FTF) in the non-destructive testing area to inspect it for unwanted components at STRATA, a composite aerostructures manufacturing plant in Al Ain in the Emirate of Abu Dhabi, May 14, 2012. REUTERS/Jumana El Heloueh

UAE's aerospace dream blooms in the desert

AL AIN, United Arab Emirates - Abu Dhabi is trying to do what many have long considered impossible - to challenge the biggest parts industry players from Asia to the U.S in a short time and at even lower cost, while developing a previously unproven workforce.  Full Article 

Souvenir scarves with the names of this year's Champions League finalists, Chelsea and Bayern Munich, are seen outside Stamford Bridge in London May 13, 2012.  REUTERS/Eddie Keogh

Bayern trounce Chelsea in balancing books

Bayern Munich clearly outshine Champions League final opponents Chelsea when it comes to controlling costs, an issue that will increasingly shape European football in seasons to come.  Full Article 

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How to protect the euro from a Greek exit

The chances of Athens quitting the euro have shot up. Unless the rest of the euro zone is well prepared, the knock-on effect will be devastating. Fortunately, it’s not too difficult to construct a contingency plan.  Commentary 

Jeffrey Goldfarb

Facebook winning Keynesian beauty contest

Investors devouring Facebook's IPO shares have pushed its top valuation to over $100 billion. To justify the lofty figure, buyers are using everything from eyeballs to credit scorers. But such analytical gymnastics are merely a way to rationalise the Facebook hype.  Commentary 

Felix Salmon

JP Morgan - when basis trades blow up

After announcing a $2 billion trading loss in what was described as a hedging strategy gone bad, JP Morgan CEO Jamie Dimon said he should have been watching more closely “trading losses - and newspapers”. It wasn’t a joke. Once your positions become public knowledge, the market will smell blood.  Commentary 

John Foley

Property slowdown leaves China on shaky ground

It has taken Chinese property developers a year of falling prices to rein in speculative behaviour. Now the message seems to be hitting home. If construction slows, growth will too. And if caution replaces speculation, the Chinese economy could end up with a painfully hard landing.  Commentary 

Edward Hadas

What price beauty?

The $120 million sale of Munch’s “The Scream” shows the elite art market is effectively serving one social function: giving the rich symbols of affluence. The market for mass art also works well, by some standards. But industrial production has not served the pursuit of the beautiful.  Commentary