Archive: World Economy

Brown emerges from wilderness to call for global financial strategy

Gordon Brown made his first major speech since leaving office today

Ex-prime minister Gordon Brown has used his first major speech since leaving office to call for worldwide co-operation in financial regulation, and to subtly denigrate the coalition's economic strategy.

Brown and Merkel in talks to end recession

PM calls for reform of global economics

Brown promises jobs from Chinese trading boom

Thatcher minister appointed to trade post

Leon Brittan has been appointed as an advisor on trade issues to the coalition government.

Darling courts multinational investment

The government has pledged to help keep Britain attractive to foreign multinationals as it hosts a global investment summit.

MPs attack FSA over Iceland investment

Reykjavik, Iceland. The county was one of the first victims of the financial crisis

The Financial Services Authority (FSA) should investigate the advice councils received which led them to invest in Icelandic banks, an influential committee of MPs has found.

The banker strikes back

Lloyds chairman Lord Leverne resists attacks on City

Lloyds chairman Peter Leverne has hit out against politicians for instigating "knee-jerk reactions" against the City.

UK to keep triple A credit rating

The UK will keep its triple A credit rating.

Ratings agency Moody's will announce today that the UK's credit rating is unlikely to be downgraded, despite the levels of debt.

G20 finance ministers urged to end tax loopholes

Alistair Darling is hosting a meeting of G20 finance ministers today.

G20 finance ministers meeting in London today have been urged to prioritise reforms to close tax dodges for international companies.

Osborne backs Merkel over Darling

Shadow chancellor George Osborne backed the economic recovery policies of France and Germany over those of Alistair Darling today as a rift emerged between the chancellor and the prime minister.

OECD: UK will take longest to recover from recession

The UK is in a "sharp recession" and can expect no growth in 2010 according to OECD

The world economy is set to rally from the worst recession in post-war history, but UK growth will flatline in 2010 according to an influential think-tank.

London G20: Round-up in the papers

The editorials today are almost exclusively focused on the outcomes of the G20 summit and analysis of the announcements made last night regarding the stimulus plan.

G20 to agree global banker bonus rules

Gordon Brown addressed an audience at St Paul's Cathedral in London

This Thursday's G20 summit will see world leaders agree international rules governing bankers' bonuses, Gordon Brown has said.

Revealed: The price of tax dodging

Poor countries lose millions through tax dodging

A leading development charity has attempted to calculate the amount of money lost to corporate tax evasion.

Geithner: Action is what matters

Tim Geithner calls for action at G20 finance ministers summit

US treasury secretary Tim Geithner talked up the prospects of action as a result of this week's G20 finance ministers meeting in his post-summit press conference.

US will talk but not act at G20

Darling forced to play down hopes for G20

Chancellor Alastair Darling was today forced to rein in his hopes for a recession-beating "new global deal" next month, after Washington said it would not be negotiating a "specific commitment" at the G20 meeting.

Business leader confidence shaken by recession

Outlook 'gloomy' according to business leaders

CEO's confidence in business has reached an all time low as top executives predict a slow, gradual recovery of the economy over the next three years.

PM seeks "new global order"

Gordon Brown warns against "financial mercantilism"

Gordon Brown has called for the creation of a "new global order" and action to avoid "financial mercantilism" in a speech.

Brown and Merkel in talks to end recession

Gordon Brown will meet the German Chancellor today to discuss the need for co-operation in tackling the economic crisis.

Shortage of trust in British economy

People in Britain no longer trust financial institutions, the markets or the government's ability to manage the economy, according to a new poll published today.

Global economy tops Brown's Middle East agenda

PM wants Gulf states to contribute to global economic stability

Gordon Brown is in talks with business leaders in the Middle East as he continues to encourage oil-rich states in the region to contribute further to global financial stability.

PM on cash-finding mission in MidEast

The prime minister will discuss ways to improve global financial stability during his four-day trip to the Middle East

Gordon Brown is heading to the Middle East this weekend where he will continue his campaign for global coordination in the face of the world economic crisis.

UK will 'lead the way' over finance meltdown, says Brown

Great Britain will 'lead the way' as Europe looks to tackle the global financial crisis, according to prime minister Gordon Brown.

'Aggressive action plan' agreed by G7 finance chiefs

The global financial crisis will be tackled with an "agressive action plan" drawn up by the finance ministers from the G7 group of leading industrialised nations.

Darling props up banks with £50bn

Alistair Darling confirmed the £50 billion investment

Alistair Darling has confirmed the government is to provide a £200 billion liquidity fund for UK banks and a further £50 billion investment into invididual banks themselves.

Darling to outline economic stability plans soon

Alistiar Darling will make a statement to MPs on Monday

The chancellor has said he will be setting out plans to restore confidence in the banking system soon and repeated his commitment to do "whatever it takes" to stabilise the banking system.