recession

The Welsh are suffering the most with 57 percent admitting to financial worries as the biggest challenge against the national average of 45 percent.

Spanish banks downgraded by Moody's in view of the continued unemployment and recession.

David Cameron prefers the single currency bloc to sort out its own problems.

The UK's biggest department store group shows increased sales but other retailers are not so upbeat.

The figures are the lowest over a decade for London's financial service workers.

Obama acknowledges that the November elections will be a close call between him and his rival Mitt Romney.

Manufacturing output in the UK surprised to the downside in April, as the exports orders of the country declined due to slowing eurozone economy, putting the British economy at a risk of prolonged recession.

The CBI says the manufacturing sector is actually doing well.

Though the retail sales numbers in March tally with the biggest rise in over a year, they are not in conjunction with the Office for National Statistics (ONS) data released on Wednesday.

A new research says a million people will be jobless for more than a year by the end of 2012, suggests a new report.

Bank of England asked the banks not to distribute huge amounts in bonuses because of the tight financial situation.