Deputy prime minister Nick Clegg has issued a fresh warning about the drastic consequences of Greece leaving the euro for Britain and slammed the "piecemeal" response of EU leaders to the crisis.On ...

The US Congress has entered the investigation into the issues surrounding Facebook's listing, less than a week since the company's debut on the stock market.Both houses of Congress - the Senate and the ...

High street banks will need to start charging for current accounts to prevent mis-selling scandals, a senior policymaker has advised.Andrew Bailey, the executive director of the Bank of England and whose ...

The UK double-dip recession is deeper than originally thought after revised figures showed a sharper decline in economic output during the first quarter of the year.The Office for National Statistics (ONS) ...

Mothercare has reported a £102.9m loss in a tumultuous year which saw many of its UK stores face closure, its share price plummet and its chief executive replaced.Although underlying profit came in at ...

Hewlett Packard has warned of cuts in its UK operation in a global purge that will see it axe 27,000 workers.The US technology company plans to make the cuts, which amount to 8% of its global workforce ...

A staggering £1.1bn of unpaid tax could have been collected if jobs were not cut at HM Revenue and Customs (HMRC), according to a public spending watchdog.The influential public accounts committee praised ...

Shoppers are being duped into thinking they are getting great offers from the major supermarkets when in fact many of the deals fail to deliver.The discovery has been made by the consumer watchdog Which? ...

Britain's two biggest drug companies have set aside their normally fierce rivalry to speed up the hunt for more powerful antibiotics.GlaxoSmithKline (GSK) and AstraZeneca are to share information in an ...

Shoppers are being duped into thinking they are getting great offers from the major supermarkets when in fact many of the deals fail to deliver.The discovery has been made by the consumer watchdog Which? ...

Europe's leaders have been under mounting pressure as talks in Brussels stretched into the night on the eurozone crisis.The summit was due to end in the evening but leaders have only just held their closing ...

With increasing pressure on Angela Merkel to do something (anything?) to try to resolve the euro crisis, the big topic of discussion is, once again, eurobonds.In Brussels, Ms Merkel is looking increasingly ...

Facebook has said it will defend itself "vigorously" against claims it hid the its weakened growth forecasts ahead of its $16bn (£10bn) initial public offering (IPO).A group of disgruntled shareholders ...

Annual net profits for luxury clothing company Burberry have jumped by more than a quarter, boosted once again by surging demand in Asia.Earnings after taxation rose by 26% to £263m in the 12 months to ...

British defence company BAE Systems has confirmed it has won a £1.6bn deal to provide military trainer jets to Saudi Arabia.It said the deal is based around the supply of 55 Swiss-built Pilatus PC-21 aircraft ...

A Downing Street adviser has called Business Secretary Vince Cable a "socialist" who "appears to do very little to support business".Venture capitalist Adrian Beecroft, who wrote a ...

US company SpaceX has become the first commercial organisation to send its own spacecraft toward the International Space Station with the launch of the cargo-bearing Dragon capsule.On board the flight ...

The Nationwide Building Society has increased home loans by 44%, boosting the number of mortgages provided to first-time buyers.Gross residential mortgage lending rose to £18.4bn in the year to April 4 ...

Britain may have to cut interest rates and VAT to stimulate the economy amid the eurozone crisis, the International Monetary Fund has warned.But the IMF backed the UK's deficit reduction plan, saying "substantial ...

With their country ravaged by the effects of a crippling austerity drive, Greeks are keen to maintain their historically strong tourism industry.In a bar in Corfu the owner jokes with British tourists ...

The new French president is expected to flex his political muscles at a meeting of European leaders later, as he pushes back against austerity in the eurozone.Francois Hollande will propose a series of ...

With their country ravaged by the effects of a crippling austerity drive, Greeks are keen to maintain their historically strong tourism industry.In a bar in Corfu the owner jokes with British tourists ...

Facebook shares have opened down on their third day of being listed, falling around 8% in US early trading.The shares continued to drop below their debut price of $38 (£24), at one point reaching just ...

Marks & Spencer has revealed pre-tax profits have declined for the first time in three years to £706m for the 12 months to April.Total sales climbed 2% to £9.9bn and although sales of food grew by 2.1% ...

Greece would remain in the eurozone if the radical left were to win the upcoming elections, Greek anti-austerity leftist leader Alexis Tsipras has said.Speaking while on a visit to Berlin, the leader of ...

Britain may have to cut interest rates and VAT to stimulate the economy amid the eurozone crisis, the International Monetary Fund has warned.But the IMF backed the UK's deficit reduction plan, saying "substantial ...

UK inflation fell to its lowest level in more than two years last month, providing some welcome relief to household budgets, official figures have shown.The Consumer Price Index (CPI) rate of inflation ...

US company SpaceX has become the first commercial outfit to send its own spacecraft toward the International Space Station with the launch of the cargo-bearing Dragon capsule.On board the flight are the ...

Families will have to pay more for their electricity to fund the development of nuclear and renewable energy, under changes set out in a draft Energy Bill.The Government is depending on nuclear power as ...

"Austerity or you're out" is the uncompromising message from David Cameron and the other leaders of the advanced economies to the people of Greece.The opinion polls tell us the majority of Greeks ...

"Austerity or you're out" is the uncompromising message from David Cameron and the other leaders of the advanced economies to the people of Greece.The opinion polls tell us the majority of Greeks ...

Greece should default on its debt and negotiate a relaxation of the austerity measures demanded by the eurozone, a former policymaker of Argentina has advised. Mario Blejer, who led Argentina from bankruptcy ...

Facebook shares dropped by more than 13% on their second day of trading. The shares dropped below their debut price of $38 (£24) in early Wall Street trading, at one point falling to $33 (£21) - down 13.7%.They ...