Recession fears hit stock markets

World shares have fallen amid concerns that the world economy will enter a protracted downturn.

BBC News

  • Filed under: Business
  • Latvia to seek support from IMF

    Latvia becomes the second European Union country to seek the International Monetary Fund’s help to stabilise its financial system.

    BBC News

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  • Oil price goes below $50 a barrel

    Oil prices have fallen below $50 a barrel amid growing fears over a global recession and lower demand for oil.

    BBC News

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  • UK October budget deficit widens

    The UK’s public sector net borrowing widened by £1.4bn in October ahead of the pre-Budget report, official figures show.

    BBC News

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  • Bee crisis

    Collapse of bee colonies could hit the EU economy

    BBC News

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  • Bankers ’scrap’ HBOS campaign

    The two leading bankers who had hoped to stop Lloyds TSB taking over HBOS appear to have abandoned their plan.

    BBC News

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  • Putin vows to prevent ‘collapse’

    Russia’s prime minister vows to prevent another financial “collapse” in the country, referring to the crises in the 1990s.

    BBC News

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  • National Grid profit rises in US

    UK utility National Grid reports a 4% rise in half-year profit and gave a positive forecast.

    BBC News

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  • Peugeot Citroen cuts 2,700 jobs

    French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.

    BBC News

  • Filed under: Business
  • Yugo gone

    Serbia’s iconic vehicle finally runs out of road

    BBC News

  • Filed under: Business