Claire Gallen

Former French president Sarkozy handed jail term for corruption

The conviction sets a new low-point in the tumultuous political career of the right-winger who remains a dominant political figure in France, admired by fans for his tough talk on crime and immigration

Global economy at turning point, World Bank warns

The global economy has reached a potentially dangerous ''turning point'' with the United States at risk of recession if the housing market crashes, the World Bank warned on Wednesday. In a report called Global Economic Prospects, the bank also said globalisation is an unprecedented opportunity for developing nations.

Bernanke’s loose tongue sets markets wagging

Three months after succeeding the famously discreet Alan Greenspan, Federal Reserve chairperson Ben Bernanke has been dealt a painful lesson in the cost of careless talk. A private conversation involving the new Fed chief at Saturday's annual dinner of the White House Correspondents' Association found its way out into public this week.

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