BUSINESS

Prime Minister Samaras is set to meet EU Commission President Thursday as Troika continues to doubt Greece's ability to get back on track with its promised reforms.

Citi also expects Britain to lose its AAA rating over the next two to three years due to the continued economic weakness.

BioWare brings yet another multiplayer weekend event - Operation Overwatch - with increased extraction time, thanks to failure of Operation Broadside.

Government-controlled Lloyds says some dealers face legal action related to Libor scandal.

The prime minister is in a bind. His chancellor has brought the government nothing but bad headlines over the recession-mired UK economy, but he will struggle to sack him - and here's why.

Prime Minister David Cameron and his Chancellor George Osborne face a nervous test of their core economic strategy

Limited edition products based on characters of Mass Effect 3 are available for purchase via BioWare, wherein a third model of Mimobot flash drive is still undercover.

Deutsche Bank revealed that it is strengthening its capital base and cutting risk, but is it enough to save its ailing share price and falling profits, in the wake of Libor investigations?

Britain is in the worst double-dip recession for 50 years as dreadful GDP figures reveal the true state of the UK economy. Here's what the analysts and economists had to say.

JLR sold more than 29,000 vehicles globally in the first half of the year, an increase of 19 percent from the same period last year.

Stocks in UK's largest fixed-line telecoms company BT lead the losers in the FTSE100 as UK economy hurts spending and impacts on sales

UK GDP slump will add pressure on government to alter policies which have delivered longest double-dip in half a century.

EasyJet revenues 10.5 percent to more than £1bn as nearly 18m passengers board planes in the three months ending in June.

Steel demand is poised for slow growth in 2012, according to an estimate by the World Steel Association.

Spanish bonds plummet as investors dump risky debt amid concerns of a global economic slump

Our economy shrank by 0.7% between April and June this year. Compare that to a 0.3% dip for the three months before that, and it all adds up to the UK being in the worst double-dip recession in some 50 years.

If BP sells its stake in Anglo-Russian joint venture TNK-BP, it will not only be a key turning point in the company's future but it could possibly spur foreign investment into the Russian oil sector, say analysts.

Economists think UK recession will extend into third quarter when ONS publishes preliminary second-quarter GDP estimate.

The marginal rise in beer duty revenues the government is achieving offset by a fall in income from jobs and other taxes.

The race to buy BP's stake in equal UK and Russian joint venture TNK-BP has sped up - after Russian state-owned oil company Rosneft revealed it is its interest in potentially acquiring BP's stake at the embattled company.

Former CEO of Anglo Irish Seán FitzPatrick arrested in connection with financial irregularities at failed bank, following charges against former head of lending Patrick Whelan and former finance director Willie McAteer.

Russia's state-owned oil company Rosneft begins talks with BP over its stake in the embattled UK and Russian joint venture TNK-BP

A negative outlook points to chances of a high risk of annual cut in the rating within a couple of years.

Moody's outlook change on Germany's Triple-A rating raises questions about Europe's core as periphery continues to struggle

Irish police charge Anglo Irish’s former head of lending Patrick Whelan has been charged over alleged financial irregularities at the bank, in the same investigation involving former finance director Willie McAteer.

London 2012's opening ceremony takes place on 27 July, but as the Olympic Games start so does counting the cost. IBTimes UK looks at how the cost to taxpayers has bloated by billions.

As Barclays’ deputy chairman Sir Michael Rake turns down the role of taking over from Chairman Marcus Agius, the race to fill the senior positions including ex-CEO Bob Diamond’s role at the embattled bank continues.

US and European prosecutors are close to individual traders at banks for colluding to manipulate key global lending rates, says a Reuters report.

Euro falls to two-year low against dollar as Greece struggles to convince lenders and Spain's economy slides deeper into recession.