(PTI): Britain’s jobless rate hit a 13-year high in the three months to October, as the number of the unemployed rose to 2.49 million.

According to figures of Britain’s Office for National Statistics (ONS), the number of people without a job climbed 21,000 to 2.49 million — the highest level since early 1995 More…

(PTI): Citigroup Inc has announced that it will pay the US Treasury back the bailout money it received last year under the Troubled Asset Relief Program.

From October 2008 to January 2009, the US Treasury provided Citigroup with three rounds of financial aid worth $45 billion.

The bank has to pay back $20 billion of the aid as the US government acquired 34 percent of Citigroup’s capital. The government also imposed executive pay restrictions More…

(PTI): Share prices in Dubai have increased by more than 10 percent as a result of Abu Dhabi’s 10-billion-dollar bailout of the Dubai government.

The Dubai Financial Market was up 10.37 percent at 1,871.2 points on Monday. The Abu Dhabi Securities More…

(PTI): Abu Dhabi has started to bailout fellow UAE member Dubai by spending $10bn, of which $4.1bn has been allocated to state conglomerate Dubai World to meet urgent obligations.

Nakheel, the property development arm of Dubai World, known as Dubai’s main investment More…

(PTI): Yemen’s Houthi fighters say the US fighter jets have launched 28 attacks on the northwestern province of Sa’ada.

The US has used modern fighter jets and bombers in its offensive against the Yemen fighters, Houthis said in a statement. According to the statement, the US fighter jets have launched More…

(PTI): The economic committee at Iran’s Majlis (Parliament) has approved the principle issues of a bill concerning the establishment of foreign banks in Iran.

“The main issues of the establishment of foreign banks in Iran via a joint investment by natural or legal persons More…