BUSINESS

France's new Socialist President Francois Hollande met the German Chancellor Angela Merkel in Berlin and both leaders promised to work together to bring back growth in the recession-hit eurozone.

German economic growth rose well above expectations in the first quarter this year, proving that the contraction in country’s gross domestic product (GDP) in the fourth quarter last year was not the start of recession.

In the latest European Fund Managers Survey from BofA Merrill Lynch investors have stayed calm in the hope that the European Central Bank will control the eurozone crisis with more QE.

Facebook will issue 50 million extra shares to cope with investor demand ahead of its IPO and has confirmed a share price increase.

Strong growth in non-EU exports helped boost overall growth in exports, though minimal growth in EU exports held the total back.

Chancellor George Osborne and Bank of England governor Sir Mervyn King should blame domestic austerity for recession and a lack of growth, says Barclays.

Facebook’s is set to close the books on its IPO, initial public offering, as early as Tuesday due to exceptionally high demand.

World markets fall as Greece's euro exit looms large following failure of talks to form coalition government.

Ina Drew, JPMorgan's chief investment officer who was responsible for overseeing a huge trading loss at the bank, is to retire.

Ina Drew, Achilles Macris, and Javier Martin-Artajo, three of JPMorgan's top bankers, will resign over a huge $2bn trading loss, according to Reuters.

Political developments across the region look set to dictate critical week for future of the eurozone.

Mobile access for passengers Virgin's new Airbus A330 flights from London to New York.

Spain's Indignados fill streets to march against austerity measures that have not brought any improvement to the country's economic situation.

Moody's is also reviewing JPMorgan for a possible downgrade.

Chancellor George Osborne has suffered a downpour of bad economic news for the UK in recent months and there looks like no end to Britain's economic woes

Donald Rumsfeld's famous quote sums up perfectly the concerns gripping investors around the world

The slowdown in the economic activity of China continued in April as the weakening external demand and domestic consumption hit the industrial activity in the world’s second largest economy to reach its lowest level since May 2009, showing evidence that decelerating growth in the country is to yet find the bottom.

The booming emerging markets may spearhead a further rise in global stock indexes as the growth spurt enjoyed by some major Western markets since the start of the year declines.

PS3 players were deprived of both the multiplayer challenges as well as the irresistible in-game reward packages associated with them over the last few weeks.

Serco's order book stood at almost £18 billion at the end of the year 2011, providing revenue visibility of 92 percent for 2012, 80 percent for 2013 and 70 percent for 2014.

The Office for National Statistics (ONS) said it may have to revise its first quarter GDP estimates down to a worse contraction after abysmal construction sector data.

International Airlines Group, the parent company of British Airways and Iberia, has posted a first quarter loss of €249m.

Something's gone horribly wrong at America's biggest bank, JP Morgan. It seemed to emerge from the big financial crash of 2008 pretty much unscathed, but now it's announced massive trading losses of £1.2bn.

JP Morgan CEO Jamie Dimon admits that bad investment strategies in the firm's hedging arm caused a huge trading loss.

The slowing Chinese economy seems to have not yet found a floor as the latest trade data shows further evidence that the world’s second largest economy is still struggling to post a strong rebound.

Shale gas explorer Cuadrilla has found more natural gas in the UK shale rocks than in Iraq.

Centrica holds a position of the third biggest producer of gas in the Britain continental shelf and plans to increase upstream UK gas and oil production by over 25 percent during the current year.

British bookmaker suspends bets on Greek exit as economic, political turmoil escalates.

Bank of England rate setters stay the course as they juggle high inflation and a weak economy.