A key congressional committee on Wednesday approved a $3.45 trillion budget framework for next year that embraces many of President Barack Obama's priorities but spends slightly less than he sought. After a
By Matt Spetalnick Memo to Europe: Be careful what you wish for. Barack Obama, celebrated as the "anti-Bush" when he toured the continent last year as the Democratic presidential candidate, is headed
The U.S. government will propose tough new financial rules on Thursday as part of its push to stabilise the economy and curb excessive risk-taking that nearly wrecked its banks and set off
British Prime Minister Gordon Brown said on Tuesday he was confident world leaders at a global financial crisis summit next week would do "whatever it takes" to create growth and jobs. He
Bank of England Governor Mervyn King warned Britain's government on Tuesday that its burgeoning budget deficit meant it would have to be cautious about any new fiscal stimulus package to boost the
Romania and the International Monetary Fund have agreed terms for a 20 billion euro aid package, a ruling coalition source said on Tuesday, in a bid to avert a financing crisis in
By Claudia Parsons Cocaine and martinis On Wall Street? Nothing new there. Masters of the Universe admitting they have an alcohol problem? Not so common. Experts say more and more people in
The world econonic downturn has triggered a spike in admissions to subsidised government hospitals in Cyprus, with the public shunning costlier private health care. Doctors in state hospitals say there has been
British consumer price inflation rose unexpectedly to 3.2 percent in February, official data showed on Tuesday, forcing Bank of England Governor Mervyn King to write a letter explaining why it remains so
Britain's top share index was down 0.8 percent early on Tuesday as miners retreated sharply, while initial optimism faded on Washington's plan to relieve banks of toxic debt and financials lost ground.
