The inflation rate dropped in September to 2.4%, after recording 2.9% in August 2011 and 3.5% in September 2010. The main reason was a decline compared with the year earlier in the
Greece plans to invite investors next year to search for oil in three areas in the western part of the country, a government minister said on Thursday. The move accelerates debt-laden Greece's
The European Union executive said it will draft plans for member states to coordinate a recapitalisation of banks, as regulators met to check the capital buffers of stressed lenders they had granted
Outpourings of public grief and appreciation swept the globe on Thursday after the death of Apple co-founder Steve Jobs. Jobs, who touched the daily lives of countless millions of people through the
The European Central Bank sees "intensified" threats to the euro zone economy and will provide struggling banks with longer-term liquidity to ward off a new credit crunch, President Jean-Claude Trichet said on
Belgium warned France on Thursday that it was not willing to foot the whole bill for rescuing Dexia as the two states started talks to divide up the Franco-Belgian lender's assets. Dexia
Arsenal could cope financially and still compete for the Premier League title even without the financial boost of Champions League soccer, chief executive Ivan Gazidis said on Thursday. The London club, who
2009 revised down Newly released data for the national accounts have resulted in a slight upward revision to real GDP growth in 2010 but a downward revision to 2009. The growth rate
The Bank of England has launched a second round of quantitative easing to defend Britain's faltering economy against the euro zone debt crisis, pledging to buy 75 bln pounds of assets with
Britain's financial regulator is examining Royal Bank of Scotland's portfolio of troubled commercial property loans, as the European debt crisis injects fresh volatility in property prices, industry sources said. The Financial Services
