Category: News Wire

European leaders are poised to announce a £600 billion deal to bail out Spain and Italy, it emerged at the G20 summit on Tuesday night.

The number of young people out of work for at least a year has grown eightfold in the last decade, a grim analysis shows ahead of Wednesday’s official unemployment figures.

Britain’s army of mid-sized businesses can rebalance the country’s economy – but only if entrenched “productivity problems” can be resolved, say academics.

Companies should be forced to reveal how much tax they pay to the British government under a radical shake up of accounting rules, according to Shadow Business secretary, Chuka Umunna.

World leaders have welcomed the narrow election victory of Greece’s broadly pro-bailout New Democracy party and urged Athens to form a cabinet quickly.

George Osborne unveiled a £140 billion emergency scheme to try to avoid a second credit crunch caused by the ongoing chaos in the eurozone.

Developing nations should brace themselves for weak growth and “tougher times”, the World Bank has warned.

The full list of submissions for new internet address endings has been published by the global organisation co-ordinating the expansion.

Spain’s claim that its €100bn (£80bn) bail-out was without economic conditions has caused ripples.

The Treasury is in “danger of being swamped by the pressures placed on it” and should consider receiving funding from the financial services industry, the former Cabinet Secretary said last night.

British savers have suffered bigger losses from their workplace pensions in the last decade than virtually every other nation in the developed world, the Organisation for Economic Cooperation and Development (OECD) has said.

Willie Walsh, one of the most influential figures in aviation, has accused the Government of doing all it can to damage air travel.

Passengers on the London Underground will soon be able to make mobile phone calls and access email for the first time.

Billions of pounds was wiped onto European markets on Monday after eurozone finance ministers agreed to lend Spain up to €100bn to shore up its struggling banks, relieving markets that had feared a fiscal collapse in the country.