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Italy's upper chamber, the Senate, will debate and vote Friday on austerity measures demanded by the EU to avoid a eurozone breakdown, while a new emergency government could take over Silvio Berlusconi's administration within days.

The global anti-capitalist movement is said to be planning an hour-long stand-off at 11.11am on Friday Nov. 11, 2011, Remembrance Day.

The existing consumer protection mechanism in the UK is incoherent and fragmented, an MPs’ panel has warned.

The decline of the Euro has now made its impact felt on the price of milk and the cup of morning tea. The prices of milk, in the European Union (EU), rose in September, led by higher payments to farmers by dairies in Germany, France and the UK, as the Euro's decline boosted exports.

Anglo American Plc is set to increase its stake in De Beers by buying out the Oppenheimer family’s holdings in the company for a 3.1 billion pounds ($5.1 billion) deal.

Barclays can withstand the failure of European banks, says its chief executive Bob Diamond.

As world leaders struggle to resolve the eurozone debt crisis, the continent has a 30 percent likelihood of falling into recession, a new study warns.

Greek Prime Minister George Papandreou has decided to go ahead with his decision to conduct the referendum to decide on his country's future with European Union, brushing aside the market turmoil caused by his announcement Monday as "short lived."

Nations across the world have cheered the seven billionth babies into the world with much excitement. However, the ageing population is a cause of worry for some of them and they are turning no stones unturned to deal with the problem.

The Greek cabinet has expressed its "total support" for prime minister George Papandreou's decision to take a referendum on the EU and IMF-instigated Greek bail-out deal.

Reading Bloomberg News' article by Lorenzo Totaro at lunchtime, Friday 28 October on Italy's latest Bond Sale falling short of expectations and the country's borrowing costs rising, I quickly checked to see what its current National Debt is. At €1,900.8 billion, amounting to €31,500 per inhabitant, this roughly measures 120 per cent of Italy's GDP.

Greek Prime Minister George Papandreou called an emergency cabinet meeting for 4pm GMT amid calls for his resignation following the shock referendum announcement.

Ministers, tech executives and internet activists from around the world have gathered in London for a Conference on Cyberspace, to discuss how to tackle security threats and crime on the Internet without stifling economic opportunities or freedom of speech.

Thailand Floods: A Third of the Country Under Water; $30 Bn Loss to Economy (PHOTOS)

Shares in British banks were down on the FTSE 100 in morning trading as uncertainty continued to hover over the eurozone debt crisis.

The next generation of young men and women all across the world could soon face even higher rates of unemployment, as a consequence of high poverty levels in developing countries and unstable work situations in developed countries, the International Labor Organization warns.

Shares in British banks were up on the FTSE 100 in morning trading despite yet another credit rating downgrade hitting the eurozone.

The ‘Occupy London’ demonstrating outside St. Pauls Cathedral who are protesting against capitalism may have to move and set up a base elsewhere if their following becomes too big.

Goldman Sachs, one of Wall Street’s most admired and reviled investment banks, has made a third quarter loss of £393m – only the second time it has made a loss since the company went public 12 years ago.

Shares in British banks were down on the FTSE 100 in morning trading as gloomy signs continued to appear in the global economy.

A young man and women are in intensive care after a Russian nightclub was flooded with boiling water from a nearby main, forcing party goers to flee on makeshift boats.

Shares in British banks were up on the FTSE 100 in morning trading as investors appeared to be buoyed by the promise of decisive action on the eurozone debt crisis.

The downgrading of Spain's credit rating on Friday is likely to stoke fears of a Eurozone debt crisis at a summit of G20 financial chiefs in Paris.

Shares in British banks were mixed on the FTSE 100 in morning trading after ratings agency Standard & Poor's downgraded Spain's credit rating.

Shares in British banks were broadly up on the FTSE 100 in morning trading ahead of an Italian debt sale.

Staggering around covered in fake blood, eating bank notes and uttering gutteral moans on the state of the economy, demonstrators dressed as "corporate zombies" are making a stand against Wall Street bankers.

Shares in British banks were mixed on the FTSE 100 in morning trading after a surprise no vote from the Slovak parliament upset European Union plans to increase the size and power of the European Financial Stability Facility (EFSF).

British and US special forces have seized 11 Somali Pirates in a stormed raid on a hijacked Italian cargo ship off the coast of the Horn of Africa

Shares in British banks were broadly down on the FTSE 100 in morning trading as investors, unusually perhaps, awaited news from Slovakia.