British consumer price inflation surged to double the Bank of England's target in January, official data showed on Tuesday, raising pressure on the central bank to increase interest rates. The Office for National Statistics said the rate of consumer price inflation rose to 4.0 percent in January, in line with economists' forecasts, from 3.7 percent

Eurogroup, the euro area Finance Ministers, meeting gave on Monday the green light to Cyprus’ fiscal adjustment programme, which will be approved during today's meeting of the EU Economic and Financial Affairs Council (ECOFIN). Speaking after the meeting, Jean Claude Juncker, the Eurogroup Chairman, said Cyprus and Finland have taken all necessary measures within the

Asian stocks were broadly steady On Tuesday after traders took China's closely-watched inflation data in their stride, while the euro regained some ground after hitting a three-week low the previous day. London copper futures rallied to a record high after lower than expected consumer price figures from China soothed concerns that Beijing might adopt a

Former Brazil striker Ronaldo announced his retirement on Monday, ending one of the most successful careers in soccer. The 34-year-old three-times FIFA World Player of the Year, a twice World Cup winner with Brazil, said injuries and fitness problems prevented him from playing to his best form.

When there is bad news to deliver to your boss it's best to get it out in the open rather than letting the situation fester. Accepting responsibility is a key part of the process, says Harvard Business Review. The Management Tip of the Day offers quick, practical management tips and ideas from Harvard Business Review

A renewed outbreak of cacophony in the European Union is fuelling market doubts about whether the bloc will come up with a convincing solution to the euro zone's debt crisis next month. The risk premium on peripheral euro zone sovereign debt climbed last week after an acrimonious Feb. 4 EU summit at which several countries

Britain's Prince Harry is to be Best Man at the wedding of his elder brother William to Kate Middleton, the princes' office confirmed on Monday. Middleton has also, as expected, chosen her sister Pippa to be her Maid of Honour when the couple tie the knot at London's Westminster Abbey on April 29. Other bridesmaids

Brent crude oil rose to around $102 a barrel on Monday, supported by Chinese trade data showing rising crude imports in the world's second-largest consumer and by concerns about continued unrest in the Middle East. Investors kept an eye on Egypt's political transition following the ouster of President Hosni Mubarak and on its potential spillover

Nothing like a little revolution to shake up an already turbulent global economy. World finance chiefs head to Paris for a Group of 20 nations meeting on Friday and Saturday after weeks of preparatory discussions by their aides on topics such as global economic imbalances and the euro zone's debt troubles. Now, Egypt's historic popular

Eurogroup chairman Jean-Claude Juncker said on Monday he would support a European Union freeze on assets of Egypt's former president Hosni Mubarak. Asked in Brussels ahead of meeting of euro zone ministers and officials if he would support such a freeze, Juncker replied: "Yes." Any decision on restrictive measures against Mubarak or other Egyptian officials