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Plans for a new high-speed rail network, featuring 250mph trains, have been announced by Transport Secretary Lord Adonis. A White Paper is recommending a route for a new line between London and Birmingham with a future extension to northern England and Scotland. The public will be consulted on ...Read More

Icelanders are going to the polls to vote on paying the UK and Netherlands after the collapse of the Icesave bank, with a resounding “no” vote expected. The British and Dutch governments want reimbursement for the 3.8bn euros (

German Chancellor Angela Merkel has said Greece does not need financial aid after talks with Prime Minister George Papandreou in Berlin. She said Greece has not asked for financial support and that the stability of the eurozone is ‘assured’. Athens saw its most serious unrest since the financial ...Read More

Government ministers in Greece are due to meet to agree a third round of tax rises and spending cuts intended to ease the country’s financial crisis. A rise in sales tax and petrol and diesel tariffs is expected, as well as a move to scrap the generous holiday ...Read More

David Wessel writes: Understanding what caused the recent financial crisis is essential to successfully refining the practice of finance to reduce the odds of repeating it. So the Financial Crisis Inquiry Commission on Friday and Saturday heard several academic economists’ take on what led to a near meltdown ...Read More

Higher dividends could be in the future for Cablevision shareholders, according to a Goldman Sachs report. Goldman analysts note that Cablevision ’s ( CVC - news - people ) dividend yield is lower than that of Time Warner Cable ( TWC - news - people ) and Comcast ...Read More

India’s government said stimulus measures introduced to boost growth during the downturn would be reviewed, as it unveiled its annual budget. The measures helped to maintain strong growth over the past year, but the authorities now say that rising prices must be controlled. The government projected an 8.7% ...Read More

Senate Banking Committee Chairman Christopher Dodd (D., Conn.) and Sen. Bob Corker (R., Tenn.) met for roughly an hour Wednesday evening with Treasury Secretary Timothy Geithner to discuss the financial regulatory overhaul in Mr. Dodd’s Capitol Hill office. Talks are intensifying as Messrs. Dodd and Corker try to ...Read More

A third runway at Heathrow airport would provide a

After driving shares up throughout the week, investors let the air out of Goodyear Tire & Rubber on Friday when the company said profits in the second half of 2010 would be pressured by material costs and Venezuelan currency devaluations weighing on profits.The Akron, Ohio-based tire and rubber ...Read More