World stocks still weak but Europe rebounds

 World equities were generally weaker on Thursday, adding to five sessions of losses, although Europe rebounded after recent hits over some of the region's more vulnerable economies. Globally, investors have been closing

Darling says cutting now would hurt recovery

Britain will need to take tough decisions on spending once the economy rebounds but implementing deep cuts now would jeopardise the recovery, finance minister Alistair Darling said on Thursday. In media interviews