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British businesses believe the country could be headed for a double-dip recession, according to a survey from accountants and business advisors BDO LLP published on Monday. BDO's optimism index — which reflects

The average pay of junior executives working in the City of London financial sector rose sharply over the summer, a survey by financial services recruitment firm Astbury Marsden said on Monday. The

European Central Bank executive board member Lorenzo Bini Smaghi warned of a looming debt crunch in several developed countries that could cripple economies if left unchecked. Although deficits are expected to start

German group ThyssenKrupp said talks with Greece on the future of its Hellenic Shipyards unit were at a make-or-break stage after the Greek navy backed off from a deal on the country's

The British government said on Friday it planned legislation this year to privatise state-owned postal delivery company Royal Mail, despite opposition from trades unions. The commitment came following an updated independent review

Greece's austerity measures are hurting revenues and hindering deficit-cutting efforts while more jobs are lost, fresh economic data showed on Friday. Heavy debt payments and weak revenues weighed on the budget amid

A new five-year deal between ABC, Australia's national broadcaster, and Ericsson will help hundreds of thousands of Australians living in rural communities who are currently unable to access the same free-to-air, high-quality,

The Greek tourist product is showing great endurance despite the negative events occuring in the current tourist season, according to data processed and published on Tuesday by the Federation of Greek Tourist

Greece fell to the 83rd place in the global competitiveness index of the World Economic Forum this year, down from 71st in 2009, reflecting a worsening of the macro-economic environment in the