George Osborne has warned that Britain will face a sovereign debt crisis like Portugal’s unless business and unions back the Coalition’s spending cuts. MORE…
Nick Clegg and Vince Cable will demand major reforms of the banks as the Liberal Democrats flex their muscles and adopt a more “arms length” policy from the Conservatives. MORE…
The eurozone formally committed itself to a two-speed economy on Thursday after the central bank raised interest rates on the same day Portugal joined Ireland and Greece in officially requesting a bail-out. MORE…
Britain’s banks have a total exposure of €33.7bn (£29.5bn) to Portugal through their ownership of government debt and a range of other securities and loans, according to analysts at CreditSights. MORE…
Hays, the recruitment giant, yesterday unveiled booming job activity in all its markets around the world, except Britain and Ireland. MORE…
The US is demanding HSBC should reveal the names of potentially thousands of Americans who have opened secret accounts with the bank in India, in a widening investigation into tax evasion. MORE…
European finance ministers will today start several weeks of wrangling over Portugal’s €80bn bailout with Germany demanding reforms as the price for rescuing the ailing economy. MORE…
