UK terrorism threat level unchanged

Britain has not raised its national terrorism threat level nor a separate threat gauge for airports and railway terminals, police said on Friday, after reports that security had been stepped up at

Obama to name Sperling new economic adviser

President Barack Obama, retooling his economic team to boost sluggish U.S. growth and tackle emboldened Republicans, will on Friday name Gene Sperling as the new head of his National Economic Council. A

G20 to discuss food security measures

The Group of 20 developed and leading emerging economies will discuss steps to address soaring food prices, including regulating commodity-linked derivative trades, a senior G20 negotiator said on Friday. Rhee Chang-yong, G20

Euro hits 4 month low vs. dollar

The euro slumped to a four-month low against the dollar on Friday and looked set for more weakness if U.S. payrolls data meets recently raised forecasts, strengthening the case for a sustainable

German exports rise in November

– Trade surplus narrows to 11.8 bln euros  Germany's trade balance narrowed in November, with imports gaining speed in a sign that domestic growth is gathering importance in Europe's largest economy. Exports, the

UK retailers say snow hit Christmas sales

Two of Britain's biggest listed retailers reported a drop in sales in the run-up to Christmas as snow and sub-zero temperatures deterred shoppers already worried about rising taxes, public spending cuts and

Oil falls below $89 on dollar strength

Oil prices fell further from 27-month highs on Wednesday as a stronger dollar sapped investor risk appetite for commodities, despite signs of tighter oil supply fundamentals. Oil staged a sharp rally in

Too much domestic football, says Blatter

FIFA president Sepp Blatter has said there is too much domestic football, potentially putting himself on a collision course with European clubs who last year complained about the international fixture list. Blatter