ECONOMY

Lianna Brinded takes a look at the importance and future of science funding, following the European Commission's €2bn grant.

Internal Revenue Service can claim UBS info on Swiss client Wegelin following the 250-year old firm's guilty plea to tax evasion charges.

German economy is expected to rebound in 2013 boosted by a stable labour market and modest inflation.

Treasury Select Committee says Autumn Statement has become second full budget but should just be review.

European Central Bank President headed Bank of Italy when lender was said to have hid millions in derivative losses.

World's largest platinum producer raises cost base at key Brazil mine for sixth time.

Retail rents are expected to fall over the coming months due to a decline in floor space demand.

Big bonuses for bankers are being lined up again. And - according to The Financial Times - its state-controlled Royal Bank of Scotland.

Bank faces £500m fine to settle with US and UK regulators over Libor-rigging scandal.

India's central bank has cut key interest rates after the country's headline inflation eased in December.

FTSE 100 passes 6,300 mark for the first time since May of 2008 as pound falls to 14-month low against the euro.

Bully-Banks slams report that banks are planning to ward off a multi-billion compensation bill following FSA pilot scheme

The world's oldest bank is accused of hiding millions in losses as it made pleas for a €4bn state rescue that involves Italy's political elite

European Free Trade Association Court Says Iceland's plan to gradually repay savers is within EU law.

Socio-economic development and gold's relative high price are prompting more Indians to turn to diamonds.

Frances O'Grady, TUC director general, will use speech to warn of "wholesale scrapping of workers' rights".

German regulator launches Euribor rigging investigation into Deutsche Bank, Portigon and two other lenders

Chancellor Osborne insists austerity is only way to recover public finances despite prospect of intensified downturn in UK economy.

Europe's biggest discount carrier nears €1bn in quarterly revenue as three-month traffic passes 17m

China's industrial profits rise for the fourth straight month in December, indicating ongoing economic recovery.

The UK housing market is expected to pick up in 2013 despite slow start, says Hometrack survey.

The aggressive stimulus measures from Japan's new government prompt analysts to estimate improved conditions.

Myanmar receives another round of help from international creditors to boost the socio-economic development of the country.

Incoming Bank of England governor Mark Carney says stimulus measures must remain in place to take UK economy out of danger zone.

Deputy prime minister faces down criticism that cuts have gone 'too far, too fast', saying the coalition remains committed to slashing the deficit.

Bombs planted in Ivan Glasenberg's postbox and Credit Suisse branch in Switzerland during Davos World Economic Forum.

Shane Croucher takes apart a popular letter to the prime minister working its way around social media.

European banks repay nearly a third of emergency ECB loans after German business sentiment rises for a third consecutive month

David Cameron, George Osborne and Mervyn King have placed an all-in bet on Britain's economic future, says IBTimes Business Editor Martin Baccardax.