Personal insolvency at new record
The number of people being declared insolvent has hit a new record in England and Wales, government figures show.
Bosses call for £120bn extra cuts
The government must cut its spending plans by an extra £120bn to “balance the books” by 2015/16, business leaders say.
Investor nerves hit LSE profits
The London Stock Exchange sees profits fall by 40% after a depressed market is made worse by liberalised trading rules.
‘No bill cuts’ for cash customers
Five of the UK’s big six energy suppliers have no plans to reduce prices for customers who pay by cash or cheque, the BBC learns.
End in sight for 100W light bulb
The traditional light bulb will no longer be manufactured or imported into the European Union from today as new energy-saving rules come into force.
BA chief in ‘frank’ union talks
British Airways chief executive Willie Walsh holds “open and frank” talks with unions to try to avoid a strike by cabin crew.
UK inflation rate starts to rise
The UK’s CPI inflation rate rose to 1.5% in October, up from 1.1% in September, largely due to fuel cost changes, figures show.
Mexico shuts down to control flu
Mexico starts a five-day shutdown of parts of its economy in a bid to curb swine flu, as the virus reaches China.
Good schools ‘raise house prices’
Homes near the best performing primary schools in England can cost £19,500 more than homes elsewhere, research finds.
World Bank seeks poverty action
World Bank head Robert Zoellick warns of a “human catastrophe” unless more is done to tackle the global economic crisis.
Lloyds to cut a further 200 jobs
Lloyds Banking Group says it will cut a further 200 jobs, taking its total number of job losses to 7,500 this year.
UK public ‘favours spending cuts’
The UK public favours tackling the ballooning public deficit with cuts in spending and tax credits, a BBC poll suggests.
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BA merger ‘good for passengers’
British Airways says its planned merger with Iberia will be good news for customers, and pledges no cuts to its service standards.
EU ministers agree Greek plan
European finance ministers say they have agreed how they would help Greece in its financial crisis, but reveal few details.
VT Group snubs new takeover offer
VT Group says it has rejected a new takeover approach from rival defence and engineering firm Babcock International.
UK banks accept curbs on bonuses
Britain’s five largest banks are to accept the curbs on bonuses agreed by G20 leaders, Alistair Darling announces.
King backs radical banking reform
The head of the Bank of England, Mervyn King, backs calls for radical reform of the global banking sector.
Break-up for High Street banks
Chancellor Alistair Darling confirms that Lloyds, RBS and Northern Rock will be broken up and parts sold off to create new banks.
China looks to its own consumers
China says it is focusing on domestic consumption rather than exports in order to achieve its growth target.
US jobless rate rises to over 10%
The US economy lost 190,000 jobs in October, taking the jobless rate above 10% for the first time since 1983.
Good friends
Brazil and China forge closer trade links
Sri Lanka military budget raised
The Sri Lankan parliament approves an additional 20% budget for the country’s military for the remainder of this year.
‘Cyber Monday’ warning for shoppers
As British shoppers are expected to spend a record amount online on “Cyber Monday”, they are being warned about online fraud.
Big economies ’stabilising’ - G8
G8 finance ministers say major economies are beginning to stabilise but warn that it is too early to halt economic stimulus.
North-south rift
Germany wary of footing bill for bailing out Greece
Less willing?
How charities’ legacy income is being hit by the downturn
Nosy neighbours
Norwegian income and tax details revealed
Continental makes 1,700 job cuts
Continental Airlines has said that it is to cut 1,700 jobs amid a slump in revenue and passenger numbers.
Big drop in global server sales
Worldwide server sales fell 24.5% in the first quarter of 2009, according to market research firm IDC.
