ECONOMY

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

According to a report in the Telegraph, about a year ago, the Indian government said they wished to "voluntarily" give up aid from the UK, worth approximately £280 million a year. The Mirror quotes unnamed Indian ministers as saying the aid was "peanuts".

The spectre of unemployment is often one of the most feared in an adult's life. The grim reality of a rapidly depleting bank balance is usually one matched by the alarming levels of depression that characterise an entire household. Jennifer Wedel, however, went straight to the top... she asked U.S. President Barack Obama to find her husband a job!

Speaking at the 48th Munich Security Conference in Germany, on Saturday, U.S. Secretary of State, Hillary Clinton, said Europe and Washington D.C. must work together to recover from the ongoing crisis and reassured European nations the U.S. would not turn away from the continent. The last point comes in the wake of U.S. President Barack Obama's focus on Asia.

Mark Zuckerberg is the youngest and richest founder of Facebook, whose shares enable him to surpass the net asset value of existing Google co-founders and also compete against the likes of business tycoon Larry Ellison's Oracle.

The Facebook IPO is billed as the biggest IT offering even eclipsing Google's in 2004.

How much money did each of us make in 2011? The chances are, no matter how much each of thought we made, it would have been peanuts compared to the big bucks that CEOs, Presidents of the Board and company Directors would have pocketed! Then consider the fact that median annual wages in the U.S. fell (for 2010) to $26, 364 (the lowest since 1999) and average wages in the UK (for 2011) were £25,900 (a miniscule ...

The Facebook IPO (Initial Public Offering) has generated a lot of hype and buzz. But various Republican Legislators and financial analysts have raised concerns. Some of them do not sound all that positive, hinting that the stock value might recede to unexpected lows after some initial gains.

Zuckerberg has included a letter explaining the circumstances of the creation of the company, its mission and the culture and management policy at Facebook.

Property market likely to remain flat throughout rest of year, as households continue to struggle to make ends meet.

India's decision to buy 126 French-made Rafale fighter jets for its airforce may boost re-election chances of Nicolas Sarkozy.

UK retailers group says discounted luxury goods pushing up consumer confidence.

European farmers count cost of losing 1.2. million tonnes of wheat as ozone-damaging emissions cross Atlantic.

In a survey released by Lloyds TSB International, 46 percent of British nationals questioned said they missed the British countryside the most.

Taxpayers' shares in RBS slump in early-trading jitters over bank chief executive's waived £1m bonus.

The continuing crisis in the Eurozone is pointing to another global recession, according to a survey from the Centre for the Study of Financial Innovation (CSFI)produced in association with PwC.

Royal Bank of Scotland chief does the right thing, says Labour leader who pushed for end to extreme bonuses.

Drivers in London can avoid traffic congestion after Transport for London launches 'jam cam' website pinpointing traffic blackspots.

In the final quarter of 2011, when many world leaders were battling crisis in the euro zone to prevent another global recession, the cash counters at Apple Inc were adding $1,670 to its profits every second.

As politicians squabble about Stephen Hester's bonus, there is a bigger question hanging over the state-owned bank.

Bank of England to lose independence during economic crisis under new government proposals.

Gulf of Mexico environmental disaster compensation will not apply to subcontractors Transocean and Halliburton, though they may still face punitive damages claims.

Artist responds to Ireland's financial folly by building a folly of his own from decommissioned euro notes.

Retail misery blighting start of 2012, as latest survey shows high street experiencing falling year-on-year sales.

Books and magazines chain store suffers 6% drop in high street sales over Christmas

Construction on the Bishopsgate Tower has halted because of a lack of funding.

MPs hear of lawyers’ intervention to block direct criticism over a lack of proof of “incompetence”.

Business secretary sparks controversy again with claims footballers deserve fat pay packets because rewards reflect merits.

Britain's economic growth contracted by 0.2 percent in the last quarter of 2011, fuelling fears that Britain is tumbling into a double-dip recession.