Part-nationalised British lender Royal Bank of Scotland said it could shed up to 9,000 jobs over the next two years, including 4,500 in the UK, in an effort to cut costs. The
Stocks fell on Tuesday as investors braced for what is expected to be another dismal earnings season and fresh worries surfaced over the amount of toxic assets on bank balance sheets. Bank
OPEC can live with oil prices of $50-$60 a barrel for the rest of 2009, a source close to the organisation's Angolan presidency said on Tuesday. The comments fit with an emerging
World stocks turned lower and European currencies fell on Tuesday after data showed the euro zone economy shrank more than previously thought, fanning concerns about the impact on corporate profits. Gross domestic
British industrial output suffered its biggest annual drop in February since records began 40 years ago, highlighting the extent to which the sector is being hit by the global downturn. Official data
Below Athens' lofty Acropolis, taverna-owners chase after potential customers strolling along the stone-paved alleys of Plaka past empty handicraft shops. The season hasn't started, but the tourist industry is worried. Holiday bookings
Airlines are unveiling more evidence of the uphill task facing world leaders as they seek to kickstart moribund trade, with freight traffic plunging again in March and empty business seats adding to
Spain's Prime Minister Jose Luis Rodriguez Zapatero on Tuesday reshuffled his cabinet and dumped veteran economy minister Pedro Solbes in a bid to revive a government struggling with a deep recession. Solbes,
British industrial output suffered its biggest annual drop in February since records began 40 years ago, highlighting the extent to which the sector is being hit by the global downturn. Official data
President of the Republic of Cyprus Demetris Christofias, in Egypt on a three-day official visit, met Tuesday his Egyptian counterpart Hosni Mubarak, with whom he signed a joint declaration. The official welcoming
