Greeks vote with wallets in fear of euro zone exit
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
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
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
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
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
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
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
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
Dozens injured in Brazil train crash
May 16 - A collision between two trains leaves at least 33 people injured in Sao Paulo, Brazil's biggest city. Rough Cut (no reporter narration).
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Refugees in Uganda
Refugees flee from Congo's North Kivu province since the outbreak of fighting between Congolese troops and fighters loyal to a renegade general Bosco Ntaganda.
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
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
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
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
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
Don't call him Mr Merkel
BERLIN - Political spouses sometimes provide a spot of glamour. Then there is Joachim Sauer. As his wife Angela Merkel stands in the global spotlight battling the euro zone's economic crisis, Sauer is happy to remain unknown outside the world of theoretical chemistry. Full Article
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JPMorgan loss proves U.S. banks need bigger cushion - Summers
JP Morgan’s $2 billion-plus trading loss signals that U.S. banks need larger safety buffers, capital requirements and levels of liquidity to avoid catastrophe, says former U.S. Treasury Secretary Larry Summers. Video
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