ECONOMY

An enterprising Spanish village is re-establishing the peseta (the former Spanish currency) in a bid to boost the local economy.

UK unemployment figures rise by 48,000 to 17-year high of 2.67 million.

Eurozone crisis following Greek default would put UK economic recovery at risk, says Bank of England.

Eurozone economic output contracted by 0.3 percent in last three months of 2011, official figures show.

Prince Charles takes on 100 'job ambassadors' to get 100,000 long-term unemployed jobless back into work.

Brussels meeting with European Bank president Mario Draghi and Olli Rehn, EU finance commissioner, scrapped.

Scottish Premier club tax fight sees them docked 10 points after entering administration.

EU's Eurostat agency predicted to reveal eurozone economy shrinking 0.4 percent in Q4.

Cosmetics giant L'Oréal sees growth across luxury and Asian markets as profit report is released.

Inflation at lowest point since November 2010.

UK's AAA credit rating in danger after Moody’s puts country on negative watch along with France and Austria.

UK's five biggest banks miss lending targets for smaller businesses, says Bank of England.

On 11 February 2011, the West's "man in Cairo", Hosni Mubarak, was toppled from power, the result of continuing and increasingly violent anti-government demonstrations. After 18 days of civil unrest during which all the Government's concessions had been spurned and with no tangible support from his allies abroad, Mr Mubarak, the President of Egypt for almost 30 years, finally stood down.

Although the Confederation of British Industry played down recession threats on Monday, a study by the Chartered Institute of Personnel and Development (CIPD) paints a dismal picture of the job scene.

The President of Iran has made a startling announcement... one sure to set alarm bells ringing throughout the White House, the European Union (EU) and in the International Atomic Energy Agency (IAEA).

Confederation of British Industry predicts Britain will avoid recession and see growth in second half of 2012.

Continuing disagreements between policy administrators in the European Union (EU) and heads of the global aviation industry could threaten the operations of airlines both inside and outside the EU.

Greek parliament accepts stringent financial austerity package, slashing jobs, pay and pensions and sparking riots across country.

U.S.-based commercial aircraft manufacturer Boeing has announced they intend to scale up production speeds of their newly launched 787 Dreamliner, to 10 planes per month, by the end of 2013.

The European Union (EU) is planning to impose harsher trade and financial sanctions on Syria, according to EU officials.

Improper management of fish stocks in EU fisheries is having a strong impact on the economy affecting as many as 100,000 jobs and costing around 3.2 Billion Euros every year.

Rumours surrounding iPad 3's release in early March have boosted Apple (AAPL) shares to over $500, with a net surplus of 5 per cent rise in stock value in the last two days alone. Apparently, Apple's stock surge is also spurred by the company's first quarter earnings announced on January 24.

The restructuring was announced despite the soft drink maker posting a 4 percent increase in its net income for the fourth quarter ending December 31.

Luxury fashion brands are seeing a spike in online searches and sales despite hard times.

£50bn QE 'printing money' programme to boost economy by buy up high-quality company assets, Monetary Policy Committee announces.

With over 100 turbines generating power for around 320,000 homes, the Walney project is regarded as the world's biggest offshore wind farm. It will be officially launched on Thursday, by the British government.

The national airline of the Republic of Namibia - Air Namibia - has ordered two new Airbus A319 aircraft, according to a statement issued by Airbus, on Monday.

British fashion retailer hopes to increase market share with affordable range by London designer Jenny Packham.

A new local currency, to launch in Bristol in May, is expected to support the local economy.