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Obama warning on stimulus delay

Barack Obama: 'The situation we face could not be more serious' US President Barack Obama has made a public pitch for his economic stimulus plan, warning that delaying it further would ...





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Crisis 'more serious than 1930s'

Mr Balls said the economy would define politics for 10 to 15 years The financial crisis will be "more extreme and more serious than that of the 1930s", cabinet minister Ed Balls has ...
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Gulf states to see fall in growth

Oil is a major contributor to Gulf Arab states' GDP Gulf Arab states will see growth plummet this year as lower oil exports and falling oil prices take their toll, says the International ...
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UK economy 'worse than thought'

Many UK manufacturers face an 'uncomfortable' time, the CBI says. The CBI, the UK's largest employers' organisation, has warned that the UK economy is deteriorating faster than it ...
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Starbucks to close 500 more shops

Starbucks shares rose 6% in after-market trading on Nasdaq The coffee chain Starbucks plans to close 500 stores in the US on top of the 100 it had already announced. Up to 12,000 ...

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Retail sales rise at record pace

The warm weather tempted shoppers back to the High Street The spell of warm weather in May helped to trigger a record jump in UK retail sales, official figures have show. Overall ...
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I can save economy again - Brown

Mr Brown is attempting to regain the political initiative Prime Minister Gordon Brown has said he is the right man to steer the country through difficult economic times. He blamed ...


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UK inflation woe 'set to worsen'

Bank of England governor Mervyn King The outlook for UK inflation has "deteriorated markedly", the Bank of England governor Mervyn King has said. Government figures on Tuesday showed ...
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Bank denies cash-raising reports

Bradford & Bingley has denied reports that it is planning to go to the market to raise extra cash to see it through the credit crisis. Sunday papers said Citigroup had been asked ...
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Profit warnings 'most since 2001'

DGS, which owns Currys, is among the retailers warning on profits Profit warnings have hit their highest level since the end of the dotcom boom. The number of profit warnings from ...