Millions falling into poverty in recession-racked Italy: Report

ROME: Millions of Italians cannot afford to heat their homes properly or eat meat as their country is racked by recession and soaring unemployment, said a report which found the number of people considered seriously deprived had doubled in the past two years.

Sir Mervyn King: stop 'demonising' bankers

Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it’s wrong to “demonise individuals” for the failure of the financial system.

Cybersecurity Starts in High School with Tomorrow’s Hires

Five dozen teenagers hunched over computers in a hotel conference room near Washington, decrypting codes, cleaning malware and fending off network intrusions to score points in the finals of a national cybersecurity contest.

S&P says Cypriot deposit grab may set euro zone precedent

(Reuters) - The grab on bank deposits that accompanied Cyprus's bailout could be repeated elsewhere in the euro zone, and the bloc's banking union may not be strong enough when it is introduced, Standard and Poor's said on Wednesday.

China premier says little room for policy stimulus - media

BEIJING: China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying on Wednesday, dashing hopes among some investors that Beijing may take steps to foster growth.

Spotlight on the economy: Data wave to show manufacturing without momentum

Wednesday is shaping up to be a busy one on the economics front, with two indicators due on manufacturing as well as reports on inflation and home-builder sentiment.

EU to start talks with Switzerland on bank secrecy

BRUSSELS: European Union finance ministers gave the green light on Tuesday to start talks with Switzerland, Liechtenstein and three other countries on new rules for swapping bank account information, officials said.