Paul Krugman goes against the grain

A renowned academic is adamant that austerity and deficit reduction will not aid a recovery.

France's hopes die in car crash

Despite some positive figures in December, France's January sales have reflected the gloom cast by Italy.

Italy shatters eurozone's uneasy peace

As the country tries to form a government, the region's leaders are again sniping at each other.

China's roaring trade is hard to beat

Official figures show that the United States no longer dominates trading in goods.

Bank of Japan plans open-ended stimulus

The Bank of Japan has bowed to pressure from the new government with a plan for a bigger than expected financial stimulus

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.
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