Saturday, 5 November 2011

ECONOMICS NEWS

Why David Cameron must focus on the ecomony

David Cameron came away from last week's G20 summit in Cannes with a face like thunder after the gathering failed to put in place any kind of detailed proposal to safeguard the future of the eurozone.

05 Nov 2011

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Britain faces new isolation threat from eurozone 'caucus'

Britain will be marooned inside a "permanent minority" in European Union decision making in just three years' times after rule changes kick in on member states' voting powers, according to a new report.

05 Nov 2011

| 9 Comments

Power yoga: the art of making money

Once the preserve of hippies and fitness fanatics, yoga is now a serious business – one that helps serious businessmen and women get ahead

05 Nov 2011

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Greek opposition leader Antonis Samaras calls for early elections

The head of Greece's main opposition party this morning called for early elections in the crisis-hit country, as Prime Minister George Papandreou prepared to start talks on forming a unity government.

05 Nov 2011

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We need a big bang to speed up our cuts to red tape

As well as a bold plan to take the EU to court, Chris Grayling says dramatic regulatory changes are needed to kick-start the economy.

05 Nov 2011

Greek prime minister narrowly survives confidence vote

George Papandreou, the Greek prime minister, narrowly survived a vote of no confidence on Friday night after promising to begin talks with the opposition to establish a power-sharing government to implement the eurozone bail-out.

05 Nov 2011

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Debt crisis: November 4 as it happened

Greek prime minister George Papandreou has won a crucial confidence vote and says he will look to set up a coalition government, as stock markets drop after G20 leaders offer no fresh financial aid to tackle debt crisis.

04 Nov 2011

| 5060 Comments

Markets fall on G20 indecision as Greek PM wins confidence vote

European markets fell as the G20 summit ended with the debt crisis deal unfinished and Italy's borrowing costs at record highs, just hours before the Greek PM won a crucial a vote of confidence in parliament

04 Nov 2011

| 45 Comments

Markets fall as G20 indecision revives rescue doubts

European markets fell as the G20 summit ended with the debt crisis deal unfinished, the Greek government in limbo and Italy's borrowing costs at record highs.

04 Nov 2011

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G20 leaders summit: final Communiqué

The full text of the G20 final Communiqué, held in Cannes, which outlined options to boost the power of the International Monetary Fund.

04 Nov 2011

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US adds 80,000 jobs, jobless rate dips

US economy added fewer jobs than expected in October as employers faced more uncertainty over growth, but a slight fall in the rate of unemployment to 9pc suggested the economy was gaining momentum.

04 Nov 2011

London's luxury Property prices rise

Business Bullet: overseas buyers push up prices by an eighth in a year.

04 Nov 2011

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Company failures at two-year high

Company failures in England and Wales have risen to their highest level for almost two years, with experts warning that the figures highlight the "serious risk" of a renewed recession.

04 Nov 2011

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Osborne: Britain won't 'go out on a limb' with cash for IMF

Britain will not "go out on a limb" in pumping extra cash into the International Monetary Fund to help restore the health of the global economy, the Chancellor said.

04 Nov 2011

| 69 Comments

Debt crisis: as it happened - November 3, 2011

Greek referendum is called off as prime minster Papandreou clings on to power after reports he would offer his resignation are quashed, overshadowing G20 meeting in Cannes.

03 Nov 2011

UK borrowing cuts 'pay for half of NHS'

The Government's moves to cut public sector borrowing are saving the UK a sum equal to about half the annual budget of the National Health Service, according to Barclays chief Bob Diamond.

03 Nov 2011

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ECB's Mario Draghi chills bond rescue hopes

A Evans-Pritchard: Investors slowly digest Italian's bittersweet message.

03 Nov 2011

| 248 Comments

Super Mario cuts the euro's last lifeline

Anyone thinking that the arrival of Mario Draghi as president of the European Central Bank might herald a change in approach to the eurozone debt crisis would have been sadly disappointed by his first public appearance in the new role on Thursday.

03 Nov 2011

| 74 Comments

The clock is ticking, Europe

Amid the game of mutually assured destruction that the eurozone members are playing, and which we are all exposed to, George Papandreou's brinkmanship on Thursday manoeuvred Greece towards a political consensus around last week's bail-out package.

03 Nov 2011

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Mervyn King: 'Leave BoE to police banks'

The Bank of England must be free to police banks as it sees fit, and not be restricted by a specific set of rules, the central bank's governor has told MPs.

03 Nov 2011

| 103 Comments

G20 summit leaders: in their own words

Here are a selection of comments from policymakers attending the Group of 20 Summit in Cannes, France, and other eurozone officials, as Europe considered the possibility of Greece leaving the euro.

03 Nov 2011

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UK services sector growth slower than expected

Slow growth in Britain's dominant services sector reinforces fears UK economy could contract in fourth quarter.

03 Nov 2011

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ECB surprises with quarter-point rate cut

European Central Bank surprised markets by cutting interest rates from 1.5pc to 1.25pc as it acted to ease pressure on a flagging eurozone economy.

03 Nov 2011

Britain ready to boost IMF funding, says Cameron

David Cameron said Britain would consider boosting its funding to the International Monetary Fund, saying the "world is in crisis".

03 Nov 2011

| 100 Comments

ECB cuts key interest rates: reaction

In Mario Draghi's first week at the helm of the European Central Bank, he has slashed the main interest rate from 1.5pc to 1.25pc. We bring you some reaction to the rate changes.

03 Nov 2011

| 2 Comments