ECONOMY

Prime Minister David Cameron is sure to face a showdown in the Commons over the EU budget, as the Labour Party has just announced that they will back Tory rebels.

Walt Disney snaps up studio behind Star Wars franchise and announces new films.

British lender says US authorities are looking into energy trading and potential breaches of corrupt practices act

Japan diverts a quarter of the budget meant for reconstruction of the Tsunami affected regions to unrelated projects, finds a government audit.

Its questionable practices, including the scandal over fixing the interbank lending rate, the LIBOR rate and the mis-selling payment protection insurance have all led to pretty uncomfortable losses for Barclays Bank this last quarter.

Disruption of power and telecommunication systems due to superstorm Sandy affect the businesses of online retailers.

Despite the UK High Court ruling Barclays will face GCH in court, the case is riddled with hurdles and difficulties

Good news for retailers, as a new benchmark survey shows better-than-expected sales in October.

UBS fixed income traders had their work passes blocked and could not gain access to the bank's building by Liverpool Street.

A £75m investment by Royal Mail Group will see its Parcelforce business expanded over the next four years.

Job cuts expected to affect nearly 16 percent of UBS's global workforce.

Judge throws out Barclays action to stop Guardian Care Homes suing over mis-selling of derivatives in landmark test case.

Flights have been cancelled, stock markets remain shut and retailers expect a slump in sales. But analysts suggest that the storm in unlikely to have a major economic impact.

Consumer lending in Britain rose at the fastest pace in nearly five years and new mortgage approvals grew faster than expected as the first signs of the economic recovery continue.

UBS stocks rise sharply on the first trading day after it announces another round of major job cuts and impending closure of its fixed-income operations

Mortgage approvals rise but house price recovery could be uneven as sales accelerate into year-end.

Over a third of UK businesses expect workforce to grow over next 12 months, led by science, high-tech and IT sectors.

US equity markets will suspend trading on safety concerns as Hurricane Sandy threatens to hit the East Coast early this week.

Annual poll shows pockets of Eurozone where risks are greater than in Syria, Egypt and Libya as CFOs seek safer markets in China, India and Brazil.

Restrictions on setting up new branches in London are seen as a major worry for Chinese banks.

Ken Clarke backtracks on hint that promised couples' tax break unlikely to materialise.

Mohammed El-Erian and Nobel Laureate Michael Spencer say world's biggest democracy holds key lessons for global economy

US GDP grew faster than expected but mixed data below headline provides ammunition for both Obama and Romney campaigns

It's not long to go now until people across the United States take to the polling booths to choose who will lead their country as President.

EDF Energy plans 10.8 percent increase on UK household gas and energy prices in move that challenges Bank of England policy.

Falling global demand and sluggish domestic investments push South Korea's economic growth to three-year lows.

The Japanese government announces stimulus package as the country struggles on falling global demand.

The joint New York and Connecticut probe into alleged Libor manipulation extends its investigation by adding nine banks to subpoena list.

One in four out of work in Europe's fourth-largest economy amid deepening recession.