Palash Ghosh

Commerzbank is 25-percent-owned by the German government

When an Indian journalist asked Zhang about the incorrect map, the Chinese envoy reportedly told him to “shut up.”

The Irish Republic will also shut down its embassies in Iran and East Timor.

Jose Manuel Barroso, the president of the European Commission (EC), nonetheless told reporters in Cannes that Berlusconi was not forced into it.

Evangelos Venizelos, Greece’s finance minister and long-time rival to Papandreou, has definitively stated that the referendum has been shelved.

Sarkozy allegedly took the joke well.

The International Atomic Energy Agency (IAEA) had confirmed what many in the west already assumed – that the Iranians are building nuclear weapons.

Antonis Samaras, chief of the New Democracy party, has demanded that snap elections take place within six weeks.

However, two thirds of union personnel did not even bother to file a ballot.

Papandreou also shrugged off persistent calls – by both opposition lawmakers and members of his own ruling Socialist Pasok party – to call new elections.

Our Greek friends must decide whether they want to continue the journey with us,” Sarkozy said.

Earlier reports indicated that Papandreou would step down and help form a coalition government.

Two other major Dutch banks, ABN AMRO and Rabobank, have already unveiled significant job cuts.

Howard Archer, chief European and U.K. economist said, The move also suggests that Mario Draghi will not be afraid to make bold decisions.

Berlusconi has thus far refused to step down, citing that it would be impractical to call new elections in the middle of such a grave economic crisis.

Papandreou will likely propose a coalition government with Lucas Papademos, a former senior official at the European Central Bank, becoming the new Prime Minister.

Cannes is the incongruously glamorous backdrop for a meeting designed to desperately find a solution to Europe’s greatest crisis in more than 70 years.

Cannes, the beach resort in the south of France, is the ideal locale for the G-20 economic summit.

He added that Europeans who donate money to PKK share in the responsibility for the killings of innocent civilians.

Even more galling for Papandreou, six other members of his own Pasok party have called for his resignation.

This means that an eight billion euro ($11 billion) payment will be in limbo until after the referendum vote – which isn't even scheduled to be held until December.

Some hardliners in Pakistan were opposed to easing trade with India.

Sony is forecasting a net loss of 90 billion yen ($1.15 billion), versus a prior expectation for a 60 billion yen profit.

If Greek voters reject the bailout via referendum, the country would likely plunge into bankruptcy.

Underscoring the magnitude of the crisis, a virtual who’s-who of European political and financial elite will also join the emergency summit,

Neither Greece Defense Minister Panos Beglitis nor any other government official provided any explanation behind the sudden and unexpected moves.

The major US banks were particularly hammered.

In the event Terry is found guilty, he would be in danger of losing the England captaincy,

Fears grew at the time that the disturbances were largely organized by youths using their mobile phones.