Government faces pressure from IMF and ratings agencies to implement credible measures to cut the budget deficit, which is estimated at close to 9% of GDP
Market Economy
In a blow to Tony Blair’s case for war, the foreign offices’ head of legal advice told the Iraq inquiry that he repeatedly warned that the conflict breached international law
Market Economy
Global Markets Overview: Application of a previously announced directive on banks’ reservers sends stocks slide to five-week lows and hurts commodities, but boosts bonds, the yen and the dollar
Market Economy
A deal with the Dutch group would spark relief among Saab’s 3,400-strong workforce and thousands of enthusiasts around the world, who had campaigned to save the Swedish carmaker
Market Economy
Osama bin Laden has claimed responsibility for a foiled Christmas day attack on a transatlantic passenger jet in the US and pledged that there will be further attacks
Market Economy
Afghanistan has postponed parliamentary elections from May to September, a move that will appease Western allies anxious to avoid a repeat of the massive fraud that marred last year’s presidential polls
Market Economy
Weighing into a burgeoning row that threatens to damage bilateral ties, the White House says Barack Obama is ‘troubled by the cybersecurity breach’ on Google that has been attributed to China
Market Economy
Barclays Bank plans to defer up to 100 per cent of top staff’s bonuses to head off criticism of bankers’ pay stoked by a bonus supertax in the UK and bumper profits on Wall Street
Market Economy
Ben Bernanke’s prospects for a second term as chairman of the US Federal Reserve were thrown into doubt as the Obama administration scrambled to shore up faltering support among Democrats in the Senate
Market Economy
Europe’s emerging market economies will grow by 3.3 per cent this year, faster than predicted previously, but with stark differences between them, says the European Bank for Reconstruction and Development
Market Economy