UK finance minister George Osborne says Britain must stick to its austerity drive and avoid tax cuts while it tries to wipe out a record deficit.
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/ 18 September 2011
Russian billionaire Alexander Lebedev threw punches at a fellow businessman during a television talk show, sending the property developer flying.
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/ 18 September 2011
Experts say Europe is digging an ever-deeper hole as it vows to resolve the euro zone crisis.
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/ 17 September 2011
The EU has agreed that banks must be strengthened after July stress tests found a "systemic" crisis in sovereign debt threatened a credit crunch.
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/ 11 September 2011
Greek Finance Minister Evangelos Venizelos has announced budget cuts totalling around €2-billion in exchange for a rescue package.
The exit of Juergen Stark could hardly have come at a worse time for euro zone policymakers as they grope for a way out of their financial crisis.
Vague pledges and a lack of action by G7 countries underscored differences between Europe and the US and a lack of room to manoeuvre.
While the financial world worries about a double-dip recession South African banks reported a decrease in bad debts.
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/ 20 September 2008
The United States surged into action on Friday to launch an all-out attack against the worst financial crisis since the Great Depression.
World stocks fell towards this week’s 21-month low on Thursday as fresh concerns resurfaced over the financial sector.