A new report examining the impact of the recession on young people in the UK, has found that the majority of 18-24 year olds are highly motivated with a strong work ethic. They are keen to work and have a flexible attitude to the type of jobs they are...

Brand-new Chief Executive Carol Bartz deserves exactly zero blame or credit for the fourth-quarter financial results Yahoo will announce Tuesday afternoon, but the judgment of her abilities will begin in earnest when she bears the Internet pioneer’s tidings. That’s because Bartz so far has spent only 20 minutes on...

Struggling German chipmaker Qimonda has filed for insolvency at a court in Munich, a court spokeswoman said Friday. The Infineon subsidiary had received a 325-million-euro ($422-million) cash injection from the German state of Saxony, the federal government and a Portuguese development bank in December in a bid to keep...

EU finance ministers vowed to lower their growing national deficits after recession-hit economies improve, but the politicians did not call for implementing binding deadlines to fight the debts. “A crisis that arose out of (too much) debt cannot be fought by creating more debt over the long term,” Austrian...

Barack Obama has taken the oath of office and been sworn in as America’s 44th president – and the country’s first African-American leader. More than one million people gathered in the National Mall in a wintry Washington DC, to see Mr Obama take the oath shortly after 1200 (1700...