“Xynthia” storm batters Europe, 51 dead

A massive tropical cyclone storm, named “Xynthia” battered the western coast of Europe Sunday, leaving as many as 51 people dead, said authorities. France was hardest hit by “Xynthia”, with at least 45 dead, said French Prime Minister...

UK Land Registry to cut costs, 1,500 jobs to be axed

As a part of measures to control and cut costs, five offices will be closed Share

British economy still in the grip of recession, shrinks by 0.4 percent in Q3

The British economy could not live up to the expectations of the analysts Share

UK unemployment hits 14 year-high, reaches 2.44 million

According to new figures, Britain’s unemployment rate reached a 14-year high of 2.44 million Share

UK home repossessions soar by 50%

The number of homes repossessed in the UK soared by over 50 per cent Share

Recession boosts internet crime by 33 per cent

Crimes on the internet increased by 33 per cent in 2008 Share

China and Russia call for new currency: US rejects

China’s central bank has called for the creation of a new global currency Share

G-20 get together to tackle global crisis

Finance ministers and central bankers from the 20 countries making up the G-20 have completed a two-day gathering in Britain to discuss the global financial crisis. Share

UK recession: it’s official

Analysts annouced Friday that Britain has officially slipped into recession. Latest figures Share