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The head of Italy's biggest bank Unicredit, Alessandro Profumo, was forced to resign in a row with shareholders over the influx of Libyan money in the company's capital. "There was a demand made by the board of directors and he…

Deputy Prime Minister Nick Clegg will urge rich countries to live up to their promises on aid as he announces that Britain is to increase its spending on tackling malaria. In a speech to the United Nations in New York, Mr Clegg will…

Government belt tightening will mean the pace of economic recovery in the UK will be slower next year than previously forecast, the CBI has warned. The business group downgraded its gross domestic product (GDP) forecast for 2011 to 2.0%,…

Brilliant but blunt-spoken White House economic adviser Larry Summers said on Tuesday he will leave his job, marking a major staff shake-up for President Barack Obama as he faces growing pressure to revive the sluggish economy. Summers,…

A Montana resident believed to be the world's oldest man celebrated his 114th birthday Tuesday at a retirement home in Great Falls. Walter Breuning was born on Sept. 21, 1896, in Melrose, Minnesota, and moved to Montana in 1918, where he…

President John Evans Atta Mills, on the third-day of his state visit to China, has appealed to his host to increase her investment in Ghana for mutual benefits and to accelerate the country’s socio-economic development. He paid tribute to…

President John Evans Atta Mills and his Chinese counterpart, Hu Jintao, on Monday signed a deal for China to give Ghana a loan of three billion dollars to develop her energy sector. Specific areas to be targeted under the deal include…

The STX Ghana National Housing Project deal which was slated to be signed on Monday, September 20, between the Government of Ghana and STX Engineering and Construction Ghana Limited could not come off.
    Two and half hours after the…

The Ghana Stock Exchange (GSE) All-Share Index, the main market indicator, went up 16.81 points to close at 6,810.67 points, up from 6,793.86 points, during Monday’s trading. The Change Year to date is 22.22 per cent. On the broader…

The National Communication Backbone Company (NCBC) has reduced the wholesale prices at which it sells international and national bandwidth capacity to Internet Service Providers (ISP) by half as other international bandwidth providers enter…