Concessions to India finally clinch global trade deal
Anti-poverty groups condemn the first global trade deal since the creation of the World Trade Organisation.
Phillip Inman
EU frets over jobless youths
The eurozone’s youth unemployment rate worsened last month to reach a new record high of 24.4%.
UK’s new central bank boss has clout
The UK’s finance minister, George Osborne, has sprung a surprise by putting Canada’s central bank chief in charge of the Bank of England.
Spain slashes spending in bid to head off bailout
Spain has crept closer to a bailout as the government leaked plans to cut pension spending.
Greeks make big stink of austerity effect
The Greek economy is on the verge of a 1930s-style Great Depression, as the Athens government predicts a 25% fall in gross domestic product by 2014.
Professional class drags down Greece
There is one good reason for Greece to stay in the euro: to combat corruption. The country is riddled with it.
Likely economic scenarios for Greece
After an inconclusive election in Athens, these are some economic scenarios and their likely impact on the Eurozone.
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Profligate regions turn to Madrid
Senior officials in Spain have believed that some areas will have no option but to turn to the central government for bailouts.
Brazil pays for its popularity
Success is threatening to become a problem for Brazil.
Jobs shock puts pressure on EU
Developments in Spain and Portugal demand urgent attention.
MPs in standoff over severe cuts
Talks appear to be stalling between EU, IMF negotiators and Greek officials.
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The second coming of the recession
European leaders were confronted this week by the ugly prospect of a second recession in three years.
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Report could lead to France’s downgrade
France on Tuesday slumped to 13th place in a eurozone league table of financial security.
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Italy poised on the edge
The European Central Bank is under pressure to open the money taps to help Italy, which is struggling to fund its debts through the private markets.
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Terrifying cost of quitting euro
Greece or Portugal would lose up to 50% of their national income if they quit the euro, according to research by analysts at Swiss investment bank UBS
Shot in the arm for ailing US economy
Ben Bernanke, the United States Federal Reserve chairman, is poised to inject further funds into the US economy.
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Soaring commodities markets set off alarm
One of the most successful investment vehicles of the past decade could be sowing the seeds of the next financial crisis.
Recovery ‘another crisis in the making’
The International Monetary Fund chief has warned that the re-emergence of global imbalances could be a threat to stability.
Guess Hu’s coming to dinner
The red carpet is out for the Chinese president — a far cry from a miserable working lunch.
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Experts differ on inflation
There is a sharp divide between those economists who view the jump in oil and food prices as part of a trend that will bring higher inflation.
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China appeases US
China sent the markets into turmoil after it increased its benchmark interest rate by 25 basis points
Cutting benefits for jobs
Everyone knows cutting housing benefits just takes us down the route to US-style ghettos
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Investment bank’s reputation demolished
UBS, one of the world’s largest investment banks, wrecked its reputation as a bastion of financial stability after it admitted this week that losses stemming from the United States sub-prime mortgage crisis had spiralled by £10-billion in the first three months of the year to a total of almost £19-billion.
