The global financial crisis has been a stark reality check for the European Union, exposing divergences over economic policy and highlighting the European Commission's growing difficulty in enfor....

People dumped from finance jobs who hope to find employment in the voluntary sector may have to reconsider, because as Britain slips into recession, ailing charities are struggling to absorb the unemp....

More than a third of Britons blame the U.S. for the financial crisis and economic downturn, according to a survey, and three-quarters say they have little or no faith in banks. The research, by ad....

Stock markets may trade sideways for 15 years - Hendry

Stock markets may remain stagnant and trade sideways for over 15 years, according to hedge fund manager Hugh Hendry, who believes many large mutual fund firms could disappear as a result. Hendry, part....

Not promising the earth, ethical banks win custom

On a quiet Sunday in the "Lazy Town" warehouse, the man many of the world's children know as Sportacus was working up some optimism for Iceland. "The Icelandic people will have....

October 2008 – the worst month ever?

By John O’Donoghue Nearly, but not quite. By Monday 27th the S&P 500 stood at -27% for the month, but a last minute reprieve saw the month close at a more sedate but still extremely scar....

FACTBOX-Global stimulus rescue plans

Governments have announced fiscal stimulus packages to help the world's economies withstand the effects of the financial crisis. Below are some details: * AUSTRALIA: -- The government....

Mount Athos offers a glimpse back in time

A dozen black-robed monks chant in the gloom of a candle-lit chapel as sunset brings a new day to Greece's 1,000-year-old monastic community of Mount Athos. "Kyrie eleison (Lord have mer....

Obama keeps distance from G20 financial summit

President-elect Barack Obama is steering clear of this weekend's emergency global financial summit in Washington, a decision that gives him distance from his unpopular predecessor's policies....

European governments turn left in global crisis

The global financial crisis has brought nationalisation, regulation and state intervention back into vogue in Europe but the turn to the left may not last long. European governments are pouring hu....

ANALYSIS-Why John McCain lost the White House

Republican John McCain lost Tuesday's presidential election because he could not overcome a hostile economic environment, distance himself from an unpopular president or convince voters he could ....

ANALYSIS-Europe hopes for new era of cooperation with Obama

With Barack Obama as their new partner in Washington, European governments see a chance to make headway on a range of global issues, from combating climate change to containing Iran's nuclear pro....

World leaders' quotes on Obama election win

Democrat Barack Obama won an extraordinary two-year struggle for the White House, beating Republican John McCain to become the first black president in U.S. history. Following are quotes from worl....

SCENARIOS-Obama faces acute economic challenges

After his triumph at the polls on Tuesday, U.S. president-elect Barack Obama will face a host of economic problems on a scale not seen since the 1930s. Below are some of those challenges and sketc....

Falling shipping costs mixed boon for poor states-UN

This year's sharp fall in sea freight costs is a mixed blessing for developing countries, making it cheaper to ship their exports but signalling waning demand for their goods, a United Nations ag....

GLOBAL ECONOMY WEEKAHEAD-Dodging another Great Depression

Starbucks is starting to sell more coffee. Companies are once again finding buyers for their short-term debt. Money is beginning to flow back into emerging markets. Maybe this is not the second Gr....