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Bank reveals fall in net profit

Tue, 07 Feb 2012 07:53:06 +0000

Switzerland's biggest bank UBS AG has reported a net profit of 393 million Swiss francs (£271 million) in the fourth quarter of 2011 in the wake of a two-billion US dollar rogue trading scandal.

Greece cuts jobs in austerity drive

Tue, 07 Feb 2012 07:53:03 +0000

Greece's coalition government has caved in 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.

Dalglish reopens Suarez debate

Tue, 07 Feb 2012 07:28:01 +0000

Kenny Dalglish has risked infuriating Manchester United ahead of Luis Suarez's appearance at Old Trafford next weekend by again claiming the Liverpool striker should never have been banned for the comments he made to Patrice Evra in October.

Australian PM marks Queen accession

Tue, 07 Feb 2012 06:04:14 +0000

Australian prime minister Julia Gillard has congratulated the Queen on her 60 years on the throne.

West pushes for Assad's departure

Tue, 07 Feb 2012 05:48:01 +0000

The US has closed its embassy in Syria and Britain recalled its ambassador to Damascus in a new Western push to get President Bashar Assad to leave power and halt the murderous grind in Syria - now among the deadliest conflicts of the Arab Spring.

Venezuela claims capture of warlord

Tue, 07 Feb 2012 05:43:05 +0000

Venezuela said it has arrested on murder and drug trafficking charges the last major Colombian far-right paramilitary warlord still at large.