The New 'Plan B' Growth Theory Clashes with Cold Political Reality
Budget cuts and bank capital rules are being reconsidered as world leaders push for Plan B in face of slowing economic growth.
General Sir John Kiszely resigns over lobbying claims
An undercover operation carried out by The Sunday Times, which revealed the head of The Royal British Legion Lt General Sir John Kiszely, saying he could offer to help firms lobby for arms deals.
Alvin Roth and Lloyd Shapley win Nobel Prize for Economic Sciences [VIDEO]
US economists Roth and Shapley win coveted 2012 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel
Two Americans win Nobel prize for economics
Harvard University's Alvin Roth and the University of California's Lloyd S. Shapley have won the Nobel Prize for Economic Sciences for their work and study in "the theory of stable allocations and practice of market design".
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Santander Pulls Out of £1.6 bn Deal for UK Branches of RBS
Collapse of deal leaves RBS with task of finding other prospective buyers and risk of breaching terms of European Union's state-aid penalties.
Mis-Selling Derivatives: Cross-Party Dossier of Complaints as Scandal Grows
Conservative, Labour, Lib Dem and other political parties all want a dedicated inquiry into the mis-selling of derivatives and the FSA agreement
Europe Heading for 'Triple Bailout' as Germany Pushes to Bundle Aid Requests
Spain insists there's no pressure to seek financial aid, IMF urges more time for budget measures to take hold as Germany juggles multiple bailouts
House of Lords to Question Barclays, RBS and Lloyds on Bank Reform
Three of the UK’s largest banks face questions about European Union banking reform from the House of Lords Committee
UK Construction Sector Slumps Further in August
ONS data shows output falling in August as the construction sector's troubles continue.
FSA's Turner Calls for More 'Unconventional' Monetary Policy from Bank of England
Lord Turner, FSA chairman and Bank of England governor contender, says innovative policies are needed to lift the country out of the downturn.
FSA Chairman Lord Adair Turner: 'We Failed the Country'
UK’s FSA chief says regulator failed banking industry and public through bad rules and poor supervision, and adds: 'We have to do better'.
IMF Annual Meeting: Christine Lagarde Says Greece and Spain Should Have More Time to Reduce Deficits
Several emerging economies welcome new policy, but Germany opposes it.
British Gas 6% Hike Adds up to £80 a Year to Average Household Fuel Bills [VIDEO]
British Gas raises gas and electricity prices by six percent.
UK Economy to Stall for Another Year and £50bn More QE Coming, Say Economists in Poll
Reuters survey of economists shows most think British economy will barely lift out of recession over the next four quarters.
Mis-Selling Derivatives: More MPs Call for Treasury Select Committee Action
Green Party MP Caroline Lucas joins raft of politicians in calling for more action against banks mis-selling derivatives to SMEs.
China to Overtake Japan as World's Second Richest Nation - Report
Global Wealth Report projects world household wealth to grow 50 percent to reach $330tn (£206tn) in 2017.
Greek Unemployment Hits Record as Nation's Biggest Company Plans Exit
More than one in four Greeks is out of work as the economy tailspins deeper into its six year recession and Coca Cola Hellenic plans to delist shares from Athens bourse.
Unmasking the Indignados: Why Spain's Youth Took on the Government [BLOG]
Inmaculada Reinoso Conesa looks behind the reasons Spain's lost generation is trying to make its voice heard.
Goldman Sachs Greg Smith Muppet Probe Moves from Wall Street to Sesame Street
Probe into ex-employee allegations of toxic environment finds emails reveal Muppet references about movie, not clients.
Bank of England's Martin Weale: UK Facing Triple-Dip Recession
MPC member Weale also used Daily Mail interview to air inflation concerns over more quantitative easing in the UK economy.
Direct Line Shares Rise After £800m RBS Sale
Share sale could raise more than £1bn for state-owned Royal Bank of Scotland after EU directed divestment
S&P Cuts Spain's Credit Rating to BBB-, Near Junk Status
S&P cites deepening recession and limited options before government to deal with the crisis as reasons for downgrade.
Australian Unemployment Rate Rises to 5.4 Percent
Australia job creation slows down even as more people enter the employment market.
IMF Urges Swift Action to Stop Spread of Economic Crisis [VIDEO]
IMF says global economic slowdown has begun affecting emerging nations, a major force in pulling the world out of 2009 recession.
David Cameron Tells Tory Conference Labour Waging 'Class War'
PM attacks Labour's economic record and policy while emphasising government austerity and welfare cuts.
BAE, EADS Merger Collapses as Germany Refuses to OK $45bn Tie-Up [VIDEO]
German demands for job protection and British efforts to keep veto blocks multibillion proposal.
David Cameron at Conservatives' Conference Live: 'Hour of Reckoning' for British Economy [VIDEO]
Prime minister speaking at Conservative party conference insisting '"painful decisions' and austerity imperative if UK economy to recover.
Greece Exit Talk Three Years Too Late, Says USC Economist Pesaran
USC's John Elliot economist Mohammad Pesaran says and orderly 'Grexit' is impossible without some form of debt forgiveness.
China Snubs IMF Meeting in Tokyo Over Diaoyu-Senkaku Island Row
International Monetary Fund confirms absence of governor of People's Bank of China at annual meeting in Tokyo.
Lord John Eatwell: 'Bank Ring-Fencing is Being Eroded and Will Hurt SMEs'
Labour's House of Lords economic spokesperson says new UK regulations are becoming too complex and will hurt businesses and the economy.
IMF: Eurozone Crisis Key Threat to Global Financial System
Fund warns of capital flight, breakup fears and economic decline unless policymakers take crucial decisions.
Britain's Economy Grew 0.8% in Third Quarter - NIESR
Leading economic thinktank says underlying growth may only be 0.2 percent as economy stagnates.
Jack Straw: Two European Unions Will Form by 2020
Former UK home secretary and foreign Secretary sees a gulf between a core EU and periphery EU countries
Merkel and Samaras Vow to Keep Greece in Eurozone as Protests in Athens Turn Violent [VIDEO]
Merkel praises reforms but warns of tough road ahead as IMF says Greece likely to miss key debt targets in 2011 bailout agreement.
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Harvard's International Students Left in Crisis After Trump's Ban - What Will Happen Now?
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Inside Donald Trump's 'New Air Force One': Lavish Qatari Gift Transforms Jet Into a Flying Mansion
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Man Risks Life to Cure Snakebites By Being Bitten 200 Times, Makes 'Universal Antivenom'
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San Diego Plane Crash Event: Residents Recall 'Wall Of Fire' As Plane Hits Power Line, Explodes in Residential Street
