JEROME Kerviel has been sentenced to three years in prison and ordered to repay Societe Generale’s €4.9 billion trading loss by a judge who said the former trader’s actions threatened the bank’s existence.

THE Government has moved to restore the country’s financial reputation with the announcement of a new system of regulation that the opposition has dismissed as “a red herring”.

TAXES will rise as living standards fall and public services suffer, Brian Cowen warned in his first key note address to the Fianna Fáil ard fheis as Taoiseach.

Yasser Arafat’s wife today accused Israeli Prime Minister Ariel Sharon of being behind reports of a probe by French prosecutors into alleged transfers of millions of pounds to her Paris bank accounts.