Osborne sounds alarm over Greek crisis as EC gives May deadline- live updates


UK chancellor has warned that one misstep in the Greek debt negotiations could return Europe to the ‘perilous state’ of 2011 and 2012Osborne: Mood at IMF is ‘notably’ more gloomyEC: Greece must deliver by May 11Schauble: No deal soonEuropean stock markets fallingCity hit by Bloomberg outage 5.02pm BST After a day of heavy selling, European stock markets have all closed deep in the red tonight.The German DAX, Spanish IBEX and Italian FTSE MIB all tumbled more than 2%, as fears over Greece Read more [...]

A senior eurozone figure says it’s ‘impossible’ to work with Greece and they’ll miss their deadline for a deal


Greece's bailout negotiations resume again today, and the outlook is no better. According to Süddeutsche Zeitung, one of Germany's biggest newspapers, a senior eurozone official told them that it is "simply impossible" to work with the Greek government.  According to the report the mood in Europe's institutions is between "frustration and resignation," and the official suggests that there will be no deal by the time European finance ministers meet for the Eurogroup Summit on April 24, Read more [...]

Deadline looms in Flight 370 ‘black box’ search


PERTH, Australia — Search teams racing against time to find the flight recorders from the missing Malaysia Airlines jet crisscrossed another patch of the Indian Ocean on Saturday, four weeks to the day after the airliner vanished. A multinational team is desperately trying to find debris floating in the water or faint sound signals from the recorders that could lead them to the aircraft and help unravel the mystery of its fate. Finding floating wreckage is key to narrowing the search area, Read more [...]

Los Angeles Kings’ 5 Biggest Needs Ahead of the Trade Deadline


The Los Angeles Kings defeated the Colorado Avalanche 6-4 in their first game after the Olympic break. Yes, somehow the Kings managed to put up six goals in a single game. That's just two shy of their total offensive output in their previous eight games combined. One game—good or bad—won’t change Dean Lombardi’s mindset, even with the March 5 trade deadline approaching. There was talk of a potential deal involving a top-six forward—specifically Sam Gagner of the Oilers—according Read more [...]

Syria stalls as chemical weapons deadline looms


The deadline is looming for Syria's President Bashar al-Assad to sacrifice his complete chemical arsenal - and it looks increasingly likely he will miss it. One thousand three hundred tonnes of chemicals are supposed to be shipped out of the country by 5 February, but it is another deadline that will slip by with no significant movement on the Syrian side. According to the US, just a tiny fraction - estimated at less than 5% - has been handed over. President Assad has been accused of playing Read more [...]

Ukraine opposition sets 24-hour deadline


KIEV, Ukraine—Ukrainian opposition leaders issued a stark ultimatum to President Viktor Yanukovych on Wednesday to call early elections within 24 hours or face more popular rage, after at least two protesters were killed in confrontations with police in a grim escalation of a two-monthlong political crisis. The protesters' deaths, the first since the largely peaceful protests started in November, fueled fears that the daily demonstrations aimed at bringing down the government over its decision Read more [...]