Czech authorities are working to identify the explosive that killed the Palestinian ambassador who died after opening an embassy safe.

Central banks can’t expand loose monetary policy without exacerbating risks to world economies, the Bank for International Settlements said.

The world’s top banks need to step up efforts to raise cash or hold on to more profits after regulators estimated they would have had a shortfall of €374bn had new capital rules been in place last year.

The Basel-based Bank for International Settlements which is owned by 60 central banks “fosters international monetary and financial co-operation and serves as a bank for central banks” states Wikipedia.

Banks will need a healthy push by governments to fix balance sheets, abandon risky businesses and serve the public to avoid prolonging the financial crisis, the Bank for International Settlements said.

French banks cut their overseas lending by almost $200bn in the final quarter of last year, adding to an even sharper retreat in the previous three months and highlighting the scale of their loan pull-back, international lending data show.

MORE than 2,500 jobs in Ireland’s booming technology sector remain unfilled at a time when close to 450,00 people are on the Live Register.

Very low interest rates are not in the interests of global financial stability, a major financial organisation has stated.

GLOBAL interest rates must rise to avoid high inflation becoming entrenched, the Bank for International Settlements (BIS) said yesterday.

US banks will create thousands of high-paying business information jobs here if Irish third-level colleges agree to develop customised training courses, according to a leading academic.

PRESSURE was growing yesterday in Britain, on the first day of British Summer Time, for a change to the clocks to give another hour of daylight in the evenings throughout the year.

The European Central Bank today announced plans to support the development of a new publication focused on central bank theory and practice and issued a call for research papers.

LIBYA has agreed to set up a €2.4 billion fund for families of 270 people killed in the 1988 Pan Am bombing, the families' lawyers said, a move that could end UN sanctions and resolve an issue that has made the country an international pariah.

A £1.7bn (€2.4bn) deal to compensate the families of 270 victims killed in the Lockerbie bombing has been agreed by Libya, it was announced today.