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Group of Seven finance officials agreed on Saturday to redouble efforts to deal with failing banks and gave a green light to Japan's drive to galvanize its economy. British finance minister George Osborne said the finance ministers and central bankers meeting 40 miles outside London focused on unfinished bank reforms, with signs that plans for a euro zone banking union are fraying.   "It is important to complete swiftly our work to ensure that no banks are too big to fail," Osborne told reporters after hosting a two-day meeting in a stately home set in rolling countryside. "We must put regimes in place ... to deal with failing banks and to protect taxpayers and to do so in a globally consistent manner," he said. The emergency rescue of Cyprus after a near meltdown in March served as a reminder of the need to finish an overhaul of the banking sector, five years after the world financial crisis began. Germany has come under pressure to give more support

Marshals: Tiger lied, Tiger Woods' character has been called into question before. Now, opponents and even some supporters of the pro golfer are startled to learn that Tiger lied Saturday in an incident at The Players championship, reports the Epoch Times on May 14. A month after The Masters, in which Woods made headlines for an illegal drop that many people felt he should have been disqualified over, Woods is at the center of another controversy with rival Sergio Garcia. After a weekend war of words between Tiger Woods and Sergio Garcia, two course marshals are disputing Woods' retelling of what happened on Saturday. Garcia said Woods distracted him by pulling a club from his bag – stirring the gathered gallery while Garcia attempted a shot elsewhere. Woods said he didn't see Garcia when he made the move, and besides, the course marshals gave him the OK. Officials tell a different story. Course marshals said they never told Woods anything. In the third round of The Pla

Marshals: Tiger lied, Sergio Garcia's complaint regarding Tiger Woods distracting him during the third round of last week's Players Championship may have been an even bigger story than Woods actually winning the tournament. Now it seems as though Garcia may have been justified. Who is telling the truth? Tiger Woods TPC course marshals Submit Vote vote to see results According to Michael Bamberger of Sports Illustrated, during Garcia's backswing on the second hole of the third round, Woods pulled a five-wood from his bag, and it elicited a response from the crowd. Garcia then hit a poor shot and later blamed it on the fact that he was distracted. Woods claimed that course marshals told him Garcia had already played his shot and that it was safe for him to do the same, but chief marshal John North is disputing Woods' assertion. He claims that neither he nor fellow marshal Gary Anderson said anything to Woods: Nothing was said to us and we certainly said nothing to him

For British student Carly Connor a trip to London for a city break would be impossible if she had to pay for a hotel so instead she rents a room in a Londoner's home. Connor, 26, is among a growing number of people taking advantage of a surge in the number of homeowners offering to rent out a room for a night or longer, with the cash a welcome addition to recession-squeezed budgets.   This new wave of hospitality sweeping the travel industry was sparked by the success of "couch surfing", where people could go online to book a free bed in a home, and is being led by a blitz of new websites that let tourists bypass resorts and hotels. "A lot of the time you find yourself with a host who is more than happy to point you in the direction of a few local hot spots that you otherwise would have missed entirely," Connor told Reuters. But the increasing popularity of peer-to-peer rentals has lawmakers on the alert in some countries, scrutinising tax, health and saf

A U.S. appeals court on Tuesday revived a lawsuit against United Continental Holdings Inc's United Airlines that was brought by a woman who claimed she was not promptly provided a wheelchair in an airport when she asked for one. The opinion, from the 9th U.S. Circuit Court of Appeals in San Francisco, said federal law did not pre-empt the woman's personal injury claims under state law. A representative for United could not immediately be reached for comment. Mark Meuser, an attorney for plaintiff Michelle Gilstrap, who has difficulty walking, said some lower court judges had disagreed about whether individuals should be able to bring claims for injuries in an airplane or terminal. "This is a really big deal for disabled Americans across the country," Meuser said. Gilstrap had difficulty walking due to a collapsed disc in her back and osteoarthritis, according to the court opinion. During two separate plane trips in 2008 and 2009, she alleged that United failed

Oil companies seeking new Arctic areas for exploration face a battle with environmentalists, fishermen and hotel owners over Norwegian islands where jagged snow-capped peaks rise sheer from the sea. With oil production falling to a 25-year low this year and the state depending on oil revenues, Norway's ruling Labour Party is warming to drilling in Lofoten's pristine waters, setting up the issue as the year's biggest political fight ahead of elections in September. "We've already got the winning lottery ticket by living in Norway. We shouldn't want to be even richer," said Erling Santi, a fisherman in Svolvaer, Lofoten's main town. "Oil drilling could drive the fish away," said Santi who is also the managing director of Saga Fish, a cod packing plant. Norway is one of the world's most prosperous nations with per capital GDP in excess of $100,000 but the fortunes of remote Lofoten, 1,000 kilometres (600 miles) north of Oslo, have bee

Carnival Corp ( id="symbol_CCL.N_0"> CCL.N ) ( id="symbol_CCL.L CCL.L ) has launched a comprehensive review of its entire fleet after a fire crippled one of its ships last month, and will share its findings across the industry, Carnival Cruise Lines' chief executive told a conference on Tuesday. _1"> The engine-room fire disabled the Bahamian-flagged Carnival Triumph in the Gulf of Mexico, leaving it adrift with more than 4,000 passengers and crew aboard. The accident made headlines around the world and comedians had a field day with the ensuing plumbing problems. "We've started a comprehensive review of our entire fleet," Carnival Cruise Lines President and Chief Executive Gerry Cahill told the annual Cruise Shipping Miami conference. "It will take us a little bit of time to complete it but you can rest assured that it is our highest priority in the entire organization, it is the thing we are most focused on and we will come up wi