Airbus dominates the commercial aircraft market along with Boeing
The EU paid illegal subsidies to aircraft giant Airbus, the World Trade Organization (WTO) has ruled, in the latest twist in a long-running dispute.
The US lodged a complaint with the WTO six years ago, but the… more...
More banks face stress tests to see if they could cope in another crisis
EU banks have borrowed less than expected from the European Central Bank, easing concerns about liquidity among financial institutions.
After Tuesday’s sharp falls, stock markets and the euro stabilised… more...
Mr Cable welcomed investment in the UK car industry
Business Secretary Vince Cable has told the UK motor industry that the government will rein in financial support for the sector.
“Our starting point is very clear. We’ve moved on from the era of subsidies,” he said… more...
Shares in New York fell in morning trading after sharp falls in Europe
Global stock markets have fallen sharply amid concerns over European banks and the health of the global economy.
On Wall Street, the Dow Jones Industrial Average closed down 2.65%… more...
Senator Scott Brown is objecting to a tax on financial institutions
Members of Congress are revising an agreement on reform of the US financial sector after Republicans objected to a tax on large financial institutions.
After a marathon 19-hour negotiating session by House and… more...
A “potential error” has forced the Office for National Statistics (ONS) to delay the publication of the latest GDP figures, due on Wednesday.
The very rare move was caused by concerns over the reliability of some of the figures, the ONS said.
It was due to publish the latest revision to the GDP data covering the period… more...
Richard Lambert has been the director general of the CBI since 2006
The director general of the Confederation of British Industry (CBI), Richard Lambert, has announced he is standing down.
Mr Lambert will leave in 2011 after five years as head of… more...
The G20 leaders agreed to cut budget deficits
Leaders at the G20 summit in Canada have agreed to cut national budget deficits while endeavouring to promote economic growth.
Host Stephen Harper, the Canadian prime minister said short-term stimulus measures would be needed to get economies moving… more...
Many in the US say China is keeping the yuan low to boost exports
China has set the exchange rate for the yuan at its highest level in five years, after previously saying it would make the currency more flexible.
The… more...
Prices fell back by an average of 0.2% between April and May
House prices in England and Wales fell by 0.2% between April and May, according to the Land Registry.
The annual rate of price change also fell, with prices 8.2% higher in… more...