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China's economic growth slows to 6.9%

China's economy grew 6.9% in the third quarter, the weakest rate since the global financial crisis.
The year-on-year growth rate is also below the government's 7% target.
Though slightly above expectations, the data is expected to raise pressure on policymakers to step up monetary policy to stem the slowdown.
China's economy has been hit by extreme stock market volatility over the summer and weak economic data, causing concern on markets around the world.
Most analysts were expecting growth figures of 6.8% for the July to September period.

Greek debt crisis: German MPs back bailout extension

Damien McGuinness reports from Berlin: ''Both Athens and Berlin have compromised''

Greek bailout

China Is at a Critical Tipping Point

Asia Pacific
Nouriel Roubini: China Is at a Critical Tipping Point
China's growth model is not sustainable but many of the
necessary reforms are on hold. "President Xi first wants to
consolidate his power, before tackling them," says economist
Nouriel Roubini. Watch our exclusive video interview to find out
more.
China's growth has been slowing down. Why do you think this slowdown will continue?
Nouriel Roubini: Even the Chinese authorities realize that their growth model, which contains

EU top court set to throw out UK bank bonus challenge

BRUSSELS - The UK is set to lose its legal battle to overturn EU rules capping bank bonuses after a top legal officer in the European Court of Justice (ECJ) said London's case had "no legitimate grounds".

The rules, which came into force this year, limit bankers' bonuses to the equivalent of their salary. Payments worth up to two times salary may be permitted but only on the basis of a vote by shareholders. 

Enhanced services

Enhanced services

The principle behind the proposed law is that all internet traffic should be treated equally regardless of its source.

MEPs feared that unless new rules were put in place, internet providers might threaten to slow down traffic from data intensive services - such as video-on-demand and cloud storage - unless the firms behind them paid a fee.

Google may face $6bn EU anti-trust fin

GOOOOHOOOOGLE Google’s anti-trust row with the European commission could turn into a case bigger than the one that cost Microsoft more than €2.2bn (£1.7bn), the outgoing competition commissioner warned on Tuesday.

In a dramatic change of position, Joaquín Almunia, the EC’s competition commissioner, told the European parliament that unless Google altered its offer to settle complaints, it could face a “statement of objections”, the formal path towards a fine that could equate to 10% of the company’s global revenue, or about $6bn (£3.7bn).

UN scheme to boost Syrian children’s education given $316m donation

More than $316m (£193m) was pledged on Wednesday to support Syrian children affected by the conflict as part of a UN-led initiative to alleviate the impact of the crisis on young people.

The EU pledged $145m, the US $90m and the UK $81.6m to the No Lost Generation initiative, which was launched last year by a consortium of UN agencies, NGOs and international donors.

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