Economics / Markets

David Cameron will warn Angela Merkel today the eurozone's future is in grave peril unless she orders action to rescue struggling economies such as Greece and Spain.

Hedge fund manager Man Group is to drop out of the FTSE 100 following the index's latest quarterly review after a fresh period of poor share price performance took its toll on the company.

Policymakers at the Bank of England have come under pressure to take action today to 'cushion' the UK's recession-hit economy against further eurozone turmoil, the Guardian reports.

Billionaire investor George Soros has told European leaders they only have three months to rescue the single currency.

The Bank of England is preparing to inject £50bn into the economy to provide a growth boost, and is also contemplating cutting interest rates, amid fears of a global slump.

UK stock markets are rising this morning after the two-day bank holiday, following gains in Asia and the US, and as hopes grow a further round of quantitative easing will be launched.

The country's banks are sitting on £40bn of undeclared losses that are stopping them lending to business and households, analysis has found.

Weak US jobs data has caused panic in global markets and forced US Treasury yields to fall to yet another record low.

The Chancellor, George Osborne, is taking legal action against the EU over plans to give a pan-European superviser far-reaching powers to ban or limit the short-selling of financial products, the Financial Times reports.

The British Chamber of Commerce (BCC) has revised down its forecast for economic growth this year, from 0.6% to 0.1%