Central banks on both sides of the Atlantic are once again being forced to think the unthinkable.
The euro zone's largest economy Germany might be powering ahead in terms of growth but the euro zone as a whole is heading towards a "catastrophe," one economist warned on Friday.
George Osborne has received a boost as he puts the finishing touches to his autumn statement, as official figures showed stronger tax receipts from the gathering pace of the economic recovery are helping to boost the public finances.
The Bank of England (BoE) left interest rates at a record low of 0.5 percent and its asset purchase target unchanged at £375 billion as expected on Thursday.
Comments from China's premier this week just days before a closely-anticipated meeting of the country's top leaders, highlight the delicate balancing act they face in steering the world's second-biggest economy forward, say analysts.
The UK is one of best places to live and work, according to the Organisation for Economic Co-operation and Development, although income inequality has risen by more than in other countries since the global financial crisis struck in 2007.
Britain's services sector enjoyed its strongest growth since 1997 as new business flowed in at a record pace last month, according to the latest survey to suggest the recovery is strengthening.
BMO Capital Markets has appointed Michael Gregory as Deputy Chief Economist and Head of U.S. Economics, effective November 4, 2013. Gregory will be based in Chicago and report to Doug Porter, Chief Economist, BMO Capital Markets.
Britain's business lobby group will set out its "unequivocal" support for Britain staying in the European Union on Monday, claiming that membership brings each household some £3,000 a year.
Cyprus has become the fifth eurozone nation to seek help from international lenders, but the rescue package includes a hugely unpopular levy on savers at Cypriot banks – and as yet it remains unclear whether the country's MPs will accept it.
The age of austerity caught up with the European Union on Friday when a gruelling nonstop 26-hour negotiation resulted in agreement to slash the new seven-year EU budget by 3.3%, or €32bn, the first reduced budget in the union's history.
Fitch, the credit ratings agency, has warned the chancellor that Britain could be stripped of its prized AAA status if he fails to boost the country's economic situation in the spring budget