Edition:
United Kingdom

Special Reports

Euro zone nations turn to hedge funds to meet borrowing needs

Photo

LONDON Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks leaving them vulnerable to a debt market sell-off driven by a class of investors dubbed "fast money" for their speculative approach.

Photo

Stranded trucks, unpaid workers: India Inc counts cost of cash crunch 20 Nov 2016

MUMBAI/NEW DELHI Like millions of Indians fed up with corruption and counterfeiting, Vimal Somani cheered Prime Minister Narendra Modi's shock move to replace all high-value banknotes. Two weeks on, his business is being hammered by the ensuing cash crunch.

Photo

Special Reports: One life, two organs, a $5.3 million bill - a tale of superbugs' deadly costs 18 Nov 2016

LOS ANGELES With good reason, Dan Greulich’s doctors called him “the miracle man.”

Photo

Insight - Far from Mosul, Islamic State close to defeat in Libya's Sirte 18 Nov 2016

SIRTE, Libya After six months of heavy fighting, Libyan forces have advanced so deep into the strategic city of Sirte that they can pick out the Tunisian and Egyptian accents of their Islamic State enemies as they trade insults over the frontline.

Photo

May's changing vocabulary signals shift from 'hard Brexit' 18 Nov 2016

LONDON There is a recognisable repetition in Theresa May's speeches about Britain's decision to leave the European Union: "Brexit means Brexit", making "a success of it" and getting "the best deal" for Britain are some of her stump phrases.

Photo

RBS rejected Goldman, Deloitte warning over 2008 cash call, lawsuit alleges 17 Nov 2016

LONDON Just hours before Royal Bank of Scotland launched a massive cash call in 2008 to shore up its capital, the bank's senior advisers were still discussing whether its financial figures were potentially misleading for investors, court documents allege.

Photo

Special Report - Under siege in Mosul, Islamic State turns to executions and paranoia 16 Nov 2016

ERBIL, Iraq A few weeks ago, a person inside Mosul began to send text messages to Iraqi military intelligence in Baghdad.

Photo

Court documents allege clashes inside RBS over 2008 toxic assets 16 Nov 2016

LONDON Royal Bank of Scotland bosses avoided repricing billions of dollars of souring investments on the eve of the 2008 financial crisis for fear of endangering bonuses and a takeover bid for a rival, court documents allege.

Photo

Special Reports - The road to Ward 17 - A journalist's battle with PTSD 15 Nov 2016

EVANDALE, Australia When the psychiatrist diagnosed me with post-traumatic stress disorder at the end of our first session early this March, I finally had to accept I was unwell. The flashbacks, the anxiety, my emotional numbness and poor sleep had long worried my wife, Mary. I had played down the symptoms, denied I had a problem. Five months later I’d be in a psychiatric ward.

Photo

Insight - Multinational firms dumping Venezuela operations in fire sales 15 Nov 2016

CARACAS, Nov 15 - Multinational companies are selling their Venezuelan operations at hefty discounts - or even giving them away - as they to seek to escape the OPEC nation's soaring inflation and chronic supply shortages.

Photo

FTSE lags after sterling surge

LONDON Britain's top equity index was steady on Monday, underperforming European markets after a jump in the value of sterling, which some attributed to talk of a transitional deal for Britain to leave the European Union.