US tourist arrested in North Korea but secretive country refuses to reveal his "crime"

U.S. tourist arrested in North Korea… but secretive country refuses to reveal his 'crime'State media identify detainee as Pae Jun HoThe tour operator, 44, is from Washington statePae is said to have confessed to unspecified crimes He is likely to become a bargaining chip for the NorthCountry faces criticism for long-range rocket launch | UPDATED: 16:54 GMT, 21 December 2012 An American tourist has been arrested in North Korea but the secretive regime is refusing the reveal his 'crime'. State-run Korean Central News Agency today identified the detainee as Pae Jun Ho in a brief dispatch.

New crisis for the Euro as Italian PM Mario Monti quits after his budget is approved

New crisis for the Euro as Italian PM Mario Monti quits after his budget is approvedThe Italian Prime Minister stepped down after the country's parliament approved his budgetHis decision to quit raises the prospect that Silvio Berlusconi could once again become Italy's leader | UPDATED: 20:16 GMT, 21 December 2012 Italian Prime Minister Mario Monti resigned tonight, in another potential crisis for the Euro. He stepped down after the Italian parliament approved his budget. The widely-respected economist is credited for steadying the Italian economy following the premiership of Silvio Berlusconi

Founder of 370m collapsed hedge fund charged with raft of fraud charges

Founder of 370m collapsed hedge fund charged with raft of fraud charges | UPDATED: 18:12 GMT, 14 December 2012 The founder of a hedge fund, which left investors millions of dollars out of pocket when it collapsed, has been charged with a host of fraud offences. Magnus Peterson, the founding director of $600million (370 million) hedge fund Weavering Capital, was charged with two offences of false accounting, one offence of fraudulent trading, one offence of fraud by abuse of position and two offences of forgery.

Top Tory minister dismisses "fantasy" of Britain breaking away from EU but staying in single market

Top Tory minister dismisses 'fantasy' of Britain breaking away from Brussels but staying in single marketHome Office minister Damian Green uses major speech to ridicule 'fantastic vision' of EuroscepticsHe warns foreign investors would shun Britain if outside the EU | UPDATED: 12:40 GMT, 12 December 2012 Home Office minister Damian Green warned it is a 'fantasy' to think Britain could opt out of EU laws but still be part of the single market Hopes of Britain dismantling ties with the European Union to a simple common market are a ‘fantasy’ a senior Tory minister will claim today. Home Office minister Damian Green takes aim at Conservatives including Boris Johnson who believe Britain could opt out of almost all parts of the EU but retain access to the common market. The intervention is likely to escalate the turmoil in the Tory party over Europe, as David Cameron prepares to set out his plan for a referendum on Britain’s membership of the euro bloc