ECONOMY

Mario Draghi warns MEPs that debt contagion could spread worldwide as banks face major funding constraint in new year with €750bn in eurobonds called in.

Once again the credit rating agencies are sending shivers down the markets, as they continue to cast doubt over European economies and banks.

The Liberal Democrats are warning the Chancellor as Britain refuses to contribute to a new IMF loan to save the euro.

The Chancellor of the Exchequer, George Osborne, will press ahead with controversial plans to shake up the banking industry despite warnings that it could harm the economy.

Suicide rates in Greece are now the highest in Europe, with experts attributing the rise to the county's economic crisis and increasing unemployment.

There were panic reactions with stocks falling across the board over fears of political instability in the region.

The Danish bank Saxo has released it's ten most outrageous business and financial predictions for the new year.

As shoppers feel the wintry economic bite, so do the shopkeepers, with latest figures showing a drop in retail sales figures from October to November.

The Law of Opposites, by Gordon Kerr, calls for changes to the International Financial Reporting Standards (IFRS) which he claims lets banks recognise hopes of future income as current profit.

The number of Britain's unemployed shoots up by 128,000 and their prospects for next year don't look good.

A study by IPPR says women unemployment in the UK is likely to go up in the coming months due to public sector job cuts and stagnant retail industry.

From murders to drug cooking to nudity it’s all going on in the weird world of Wal-Mart

UK inflation has fallen from the 5.2 per cent mark in October to 4.8 per cent last month bringing a welcome respite to the Bank of England.

The eurozone rescue deal briefly outlined Friday by the German chancellor and French president hasn't gone down well with Standard & Poor's, but the "Big Bazooka" Summit? Not if Bundeskanzlerin Merkel has her way.

This year witnessed several high profile departures by the CEOs of many global companies. Some of them have called it a day on health grounds, some others had to bow out due to scandals and some others were fired over their “non performance.”

Fresh comments from leading industry figures have revealed an alarming new trend, showing a marked increase in the number of cyber attacks targeting the energy sector.

So get your wallet ready and let’s take a look at some of Britain’s most expensive properties.

Live coverage of what's billed as the last chance to save the eurozone at the EU Summit in Brussels.

David Cameron has rejected proposed changes to the EU's Lisbon Treaty after 10 hours of negotiations, leaving Britain to go it alone in its corner of Europe.

David Cameron has refused to join the intergovernmental accord as he felt the deal was not in the UK's interest, it has been reported.

2011 was a very difficult year for business and there are few signs that 2012 will be any better.

The central banks of Europe have begun preparing contingency plans to re-print old currencies should the euro perish amidst the eurozone crisis.

Credit rating agency Standard & Poor's (S&P) is giving Europe's finance ministers more bad news, as it says the European Union's (EU) AAA rating is at risk of a downgrade if the Eurozone countries within it have their credit ratings slashed.

Kraft cuts 200 jobs in its chocolate factories in Bourneville, Chirk and Marlbrook.

Shareholders are telling bankers to change their remuneration packages, as the rich/poor gap widens.

Almost all the countries in the eurozone face the risk of a credit downgrade.

London-based bank Barclays is reportedly planning to give an average of £210,000 each to the 24,000 investment staff.

The global recession has hit the many countries in the world, but yet there are several countries which are doing quite well.

Andrew Mitchell, International Development Secretary, is keen to introduce a legislation to commit 0.7 percent of the national income on overseas aid.