-
Greece needs ‘more time for cuts’
Greece’s Prime Minister, Antonis Samaras, calls for more time to implement tough spending cuts and reforms, ahead of talks on its bailout.
-
ECB: Europe is even worse off than we thought
The European Central Bank admits the eurozone economy is in worse shape than previously acknowledged and cuts its growth forecast.
-
Bank of England: zero growth expected in 2012
The UK’s economy is not expected to grow at all in 2012 and it will take an “Olympic” effort and hard work to battle the eurozone crisis, domestic deficit-cutting and tight credit conditions.
-
US brokers Knight Capital lose $440m on zombie trading
45 minutes of rapid-fire bogus computer trades cause Knight Capital’s shares to plunge by 75 per cent, and further undermines confidence in the ability of technology to drive stock markets.
-
Stock markets drop as ECB dashes traders’ expectations
Stock markets plunged and the cost of borrowing in Spain and Italy went up as the European Central Bank President Mario Draghi disappointed markets with a non-committal press conference.
-
‘Greece will not meet bailout terms’
The future of the euro is under the spotlight again, as EU officials visiting Greece cast doubt on its ability to repay its debts and Spain sees its borrowing costs soar.
-
Investors fear Greek, Spanish meltdowns
Worries that Greece may soon be bankrupt and Spain will need a full-scale bailout send the euro sliding and Spanish bond yields soaring to a euro-record high of 7.52 per cent.
-
IMF cuts growth forecast for the UK
The UK economic forecast is cut and the global recovery shows further signs of weakness, the International Monetary Fund said in its World Economic Outlook today.
-
Three Britons killed in French avalanche named
Three British climbers, killed in an avalanche in the French Alps, are named by the Foreign Office.
-
02 gradually restores UK mobile service
02 finally restores service to all British mobile phone customers after a 24-hour problem caused widespread disruption, preventing calls and internet access to many subscribers.
-
EU throws 30bn euro lifeline to Spanish banks
Spain’s troubled banking sector secures a 30bn euro bailout following an emergency meeting of eurozone finance ministers.
-
Cameron, Hollande and the red carpet détente
The smiles are strained and the body language stiff but Conservative David Cameron insists he has much in common with Francois Hollande – the Socialist he refused to meet during France’s elections.
-
SFO opens criminal investigation into Libor rigging
The Serious Fraud Office is investigating claims that banks rigged benchmark interest rates to boost their bonuses in a scandal that has already forced out three Barclays executives.
-
David Cameron outlines his route to Europe referendum
As David Cameron raises the prospect of a referendum on the EU, Channel 4 News looks at how Britain’s relationship with the continent may change.
-
PM floats referendum over EU powers
The prime minister says he is prepared to use a referendum to forge changes that would produce a less restrictive relationship between the UK and its European partners.