The U.K. will put "security first," the finance minister said. Plus, he scrapped plans to cut welfare payments to low-paid workers.» Read More
In a grim sign of the enduring nature of the economic slump, household income declined more in the two years after the recession ended than it did during the recession itself, new research has found, reports the NYT.
Discussing whether banks should be worried if the "Occupy Wall Street" protests gain support from President Obama, with Alex Sanchez, Florida Bankers Assosciaton president and Gary Weiss, former portfolio and Businessweek writer.
Ten years ago today, in response to the enormous tragedy of September 11, 2001, the United States invaded Afghanistan. So began the long road of endless war, endless suffering, endless spending, and endless death.
The ECB is not a fiscal agency of the European Union, says Alan Greenspan, former chairman of the Federal Reserve. "Jean Claude-Trichet may be French, but he acts like a German." Greenspan also weighs in on the US economy.
The insurer is happy with the exposure it has to indebted euro zone member states and is confident that European leaders will find solutions to the de debt crisis, Aviva CEO Andrew Moss told CNBC Friday.
The euro zone will need political unification to save the euro, Alan Greenspan, former chairman of the US Federal Reserve, wrote in an opinion piece in the Financial Times.
Herman Cain, republican presidential candidate, defends his decision to enter the race for the White House, and provides insight on what makes him stand out from his political rivals.
CNBC's Courtney Reagan has the story on the Wall Street protests developing swiftly around the globe.
It must be quite interesting be in Mr. Wen Jiabao’s shoes at the moment. The Premier of the globe’s second largest economy is living in a world that seems to be on the brink of a recession due to sovereign debt crisis in Europe and lack of recovery in the US.
Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt, reported the FT.
The UK’s central bank, the Bank of England, is expected to hold interest rates at their current level of 0.5 percent on Thursday as the global economic crisis appeared to worsen and the International Monetary Fund warned that a second global recession could not be ruled out.
A report from the state treasurer says the Golden State's debt burden is up to 7.8 percent, more than double what it was eight years ago. According to the report, each Californian owes $2,542 this year for state debt, more than twice the national median of $1,066. It could be worse.
The British Prime Minister David Cameron defended the coalition government’s austerity plans on Wednesday telling delegates at the Conservative party’s annual conference in Manchester: “Our plan is right, and our plan will work.”
Michael Lewis, acclaimed author of "Moneyball", "The Big Short", "The Blind Side", "The New, New Thing" and the iconic "Liar's Poker" is now out with his latest book, "Boomerang: Travels in the New Third World" - an illuminating look at the global financial meltdown.
There is a reason the Occupy Wall Street movement has taken root so quickly and spread far and wide so rapidly – people are fed up. We are sick of shouldering the burden of an economic crisis caused by a few. We are tired of watching the wealthiest 1% receive tax cuts, while the rest of us face job cuts, pay cuts and cuts in vital services. And we are ready to do something about it.
Bank of France Governor Christian Noyer has been met with skepticism over her insistence on Wednesday that French banks are generally in good health and that the French central bank — as well as Belgium's — would back troubled lender Dexia in order to ensure it has enough liquidity.
When chancellor of the exchequer, George Osborne, got up to speak at the Conservative party conference on Monday, he knew he had to tread a fine line between optimism that the British economy could recover and wasn’t going to fall into a "double-dip" recession, versus facing down calls from the Liberal Democrats to ease public spending cuts and those on the right of his own political party calling for an end to the 50p tax rate at the very least.
As the Spanish economy fails to drag itself out of the mire created by its debt burden, its Employment Minister Valeriano Gomez admitted to CNBC that it would likely miss growth targets this year.
After months of turmoil and uncertainty, the Republican 2012 presidential race finally appears to have a settled field of candidates — with Mitt Romney solidifying his perch at the top of the pack.
The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.