New Zealand investment banker Stephen Versalko had the money defrauded used on prostitutes. His "ponzi" scheme were later exposed when one of his victims watched a television documentary on New York swindler Bernard Madoff.

Greenpeace accuses Nestle of removing "orang utan kit kat ad" removed from youtube. Protests staged outside Europe's Nestle headquarters in UK, Germany and the Netherlands.

So it looks like Greece will be supported and stopped from defaulting on its huge debts, who will be next?

The lingering worry that Greece will default on its billions of euros of government debt could be ended within the next day, according to media reports from Europe.

The cabin crew of the British Airways are reportedly planning to stage two strikes later this month as the dispute over cost-cutting reached a bitter point.

Iconic rockers Pink Floyd have sued EMI for selling seperate tracks Online, claiming violations of their recording contract

The OECD, World Trade Organization (WTO) and the UN's Conference on Trade and Development (UNCTAD) have called on the leaders of the G20 countries to resist protectionism or the prospects for economic recovery may be wiped out.

Despite the economic headwinds, the Rabobank Group managed to maintain its robust capital position and was able to deliver a net profit of EUR 2.3 billion. 'A sound result in a difficult year,' said Piet Moerland, Chairman of the Executive Board of Rabobank Nederland.

The United Nations labour agency today honoured internationally-acclaimed recording artist and humanitarian Shakira for her efforts to promote the advancement of children and youth worldwide.

The head of the United Nations-backed panel tasked with preparing regular scientific reports on the impact of climate change has announced the establishment of an independent review body to ensure that its procedures for producing assessments are closely followed.

According to the top United Nations human rights official, the economic and financial crises have exposed existing violations and increased the number of victims of abuse and hardship.

A bailout plan for Greece is on its way, with France and Germany leading the plan.

Authorities clashes with demonstration group at strike against austerity measures

A bailout plan for Greece is reportedly being mooted among Europe's top nations, with the largest interest coming from Germany.

Lufthansa pilots have launched a four-day strike beginning on Monday after dispute with the airline over job security.

72 years legacy of one of most popular magazine could be over within weeks

The crunch talks in Brussels to resolve Greece's immense financial problem reached a breaking point when the European Union gave Greece just three days to explain how it had used financial deals to conceal the real size of its dwindling public debt.

Financially-struggling Greece are in disagreement with the European Commission regarding the plans to save the the country's crumbling economy, after they rejected calls from the commission to take more austerity measures.

As the euro currency falls again this week for the third day, the European Union (EU) pledges to rescue Greece from its bailout following a summit in Brussels on Thursday.