Economics

The EU has stripped Greece of its vote at a crucial meeting next month - the worst humiliation ever suffered by an EU member state.

The Government is preparing to drop its guarantee for Northern Rock deposits in the coming weeks as it readies the nationalised lender for sale, reports The Telegraph.

Kraft has closed the deal on its drawn-out takeover of Cadbury after shareholders in the UK confectionary giant gave their backing to the £11.4bn offer.

Unemployment in the Eurozone hit 10% last month - the first time it has reached this level since the introduction of the single currency.

GERMANY has triggered a near-panic flight from southern European debt markets by warning that there will be no EU bail-outs, even though it fears the region's economic crisis has turned dangerous and could prove "fatal" for the entire eurozone, reports...

The UK economy has exited its longest recession since records began, with GDP growth of 0.1% in the final quarter of 2009.

The head of Britain's biggest bank, HSBC, has criticised the Government's handling of the economy and called for austerity to get the country back on track.

BRITAIN will have emerged from its deepest recession since the second world war when official data is released later this month, with the economy showing modest growth in the fourth quarter after 18 months of contraction, according to a respected economic...

The Dow Jones opened trading in the red on the back of disappointing employment figures showing the number out of work increased to 84,000 in December.

Hopes the UK exited recession in the fourth quarter of last year have been given a welcome boost by figures showing an upturn in the services sector during December.