Phillip Inman

Dow ends day down 248 points while slumping oil price and gloom at Davos sends FTSE 100 tumbling officially into bear market territory.

A diplomatic offensive by new Greek prime minister Alexis Tsipras to ease bailout aid requirements has been failing to win converts.

Anti-poverty groups condemn the first global trade deal since the creation of the World Trade Organisation.

The eurozone’s youth unemployment rate worsened last month to reach a new record high of 24.4%.

An audit of state agencies’ borrowing may rein in profligacy and graft, but will it slow the economy?

The United States is even worse than Greece, with a debt equivalent of 105% of GDP.

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

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

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

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

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

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 has crept closer to a bailout as the government leaked plans to cut pension spending.

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.

There is one good reason for Greece to stay in the euro: to combat corruption. The country is riddled with it.