Sterling sank to a record low versus the euro and oil hit a 20-month trough while government bonds rose after a Bank of England report pointing to a sharp economic contraction raised
Britain's FTSE 100 gained 1.5 percent by midday on Wednesday as defensives forged higher and a grim inflation report from the Bank of England spurred investors' hopes of seeing further interest rate
British unemployment rose to its highest level in more than a decade in the three months to September as the economy tips into recession, official data showed on Wednesday. The Office for
The front cover of the New Yorker magazine this week said it all: a tiny patch of blue light at the end of a deep, dark tunnel. For Democrats in America, Barack
Among a group of thinkers who predicted the credit crunch in 2003, the London-based New Economics Foundation is now advancing radical proposals on ways to rebuild the British economy. In its overview
Asian shares fell for a second day on Wednesday and oil prices hovered near a 20-month low as poor corporate earnings highlighted the damage from the global economic slowdown on companies and
The Bank of England is likely to signal on Wednesday that Britain's economy has entered such a painful recession that there is a greater danger of too little inflation than too much.
Weak economic readings from China, Japan and Britain and a grim corporate outlook worldwide reinforced fears on Tuesday of a prolonged recession, prompting investors to look to a world leaders' summit for
Economic gloom overpowered financial markets again on Tuesday, sending stock and commodity prices sharply lower as ebullience about China's $600 billion stimulus plan fizzled out. Wall Street looked set for losses at
Japanese office worker Satoshi Tada pays for shopping, wins free food and gets store discounts all by waving his cellphone. "I use it pretty much every day," the 25-year-old said. "You can
