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Osborne to U-Turn as Britain Posts Biggest August Budget Deficit on Record
Despite austerity to tackle Britain's deficit in public finances, the budget gap is widening and Chancellor George Osborne may be forced to reveiw debt target.
Spain Passes Second Bond Auction Test with €4.6bn Sale Amid Global Market Jitters
Spanish Treasury raises nearly €10bn as investors take down four bond auctions while bailout speculation continues.
World Economy: The Brink of Disaster [BLOG]
The world is hovering on the brink of economic disaster and former Goldman Sachs executive director and a hedge fund manager Chris Clarke tells us why.
UK Inflation Drops to 2.5% in August
Office for National Statistics reports that falling price of furniture and household goods and services brought down CPI inflation in August
World's Ten Poorest Countries Revealed [SLIDESHOW]
A financial news service has compiled a list of the world's ten poorest countries based on data from the World Bank.
Greece Will Need Third Bailout, Says Greece's IMF Rep - Dow Jones
Greece's Finance Ministry denies need for new bailout after Thanos Catsambas tells Wall Street Journal that Troika demands are "totally unrealistic".
John Lewis Profits Surge 60% on Jubilee, Olympic Games Boost
Retailer posts 60 percent rise in first half profits as department store and Waitrose units defy retail gloom
India's Industrial Output Remained Flat in July
Industrial output in sectors such as mining, factory and utilities grew only 0.1 percent in July.
UK Employment Rate Hits Highest Since April 2009
Official data shows robust labour market despite UK recession
South Korea Announces £3.2b Stimulus Package
Package includes cut in income taxes and a boost to car and house sales.
German Court Rejects Bid to Delay ESM Injunction Ruling
Bundesverfassungsgericht rejects 11th-hour bid to delay decision on Germany's role in the European Union's permanent bailout fund
European Bailout Fund: German Court May Delay Ruling as New Challenge Emerges
Germany's top judge could delay ruling on funding for the permanent bailout fund, throwing ECB bond buying plans into question.
Exaggerated Pre-Crisis Financial Sector Performance Causing UK Economy's Productivity Decline
Centre for Economics and Business Research report claims misleading output data made UK GDP look better than reality before crisis
Greece Resumes Talks with Lenders as Austerity Plan Stalls [VIDEO]
Coalition leaders struggle to agree on target of €11.5 billion in cuts as recession enters fifth year.
Japan Fails to Execute Spending Plan Due to Political Logjam
If issue is not resolved, finance minister says the country could run out of money by November.
UK Manufacturing Output Soars in July
Manufacturers recovered lost ground in July from output-crippling extra day off for Queen's Diamond Jubilee in June
Planning Reforms Latest Infrastructure Push to Save UK Economy from Recession
Prime Minister David Cameron announces reforms around planning laws to stimulate house-building.
Barack Obama and Bill Clinton Electrify Crowd at Democratic Convention 2012 [PHOTOS]
Bill Clinton and Barack Obama are not know for their personal bonding but hit it off quite well at the convention.
UK Recession: OECD Slashes Growth Forecast as Eurozone Crisis Hits Hard
OECD economists say UK economy to contract by -0.7 percent in 2012 rather than grow 0.5 percent as previously though
Britain Among Globe's Most Competitive Economies - WEF
The World Economic Forum's annual ranking on competitiveness sees Britain jump two places to eighth despite drag from recession.
Service Sector Beats Expectations and Hints at end to UK Recession
August a strong month for UK service sector, according to rare positive private industry data.
UK Construction Sector Back in Recession: PMI
Britain's ailing construction sector, which a triggered double-dip recession, returned to contraction in August according to purchasing managers index data from Markit
India's Purchasing Managers Index Declines
Eurozone crisis and weak global demand continue to be a drag on growth.
UK Manufacturing Sector Suffering but Still Intends to Invest, says EEF
Harshest trading environment since early 2010 sees domestic and overseas new orders collapse
India's GDP Beats Forecast But Lowest in Three Years
The country grew at 5.5 percent in the first quarter beating predictions of 5.2 percent growth
Spain’s Bankia To Post €4bn Loss
Market analysts expect the state-rescued bank to post €4bn in losses, when it reports its earnings this week
Colombia: President Juan Manuel Santos Confirms Government Talk with Rebel Group Farc
Government seeking to end nearly 50 years of conflict with Communist fighters.
Mega-nationals: World's Biggest Companies That Beat National GDPs
Global firms such as Shell, Nokia and ArcelorMittal exceed the GDP of their home country in some cases.
Spain’s Recession Worsens on Austerity Measures
Data shows Spain’s recession worsened after austerity measures hurt spending
UK's Vital Service Sector Getting Weaker, Says CBI
Survey research by Confederation of British Industry reveals service sector struggling more than expected.