Group’s founder pinpoints need for worldwide employee cull, as economic downturn leads to reduced home spending
The UK coffee chain goes into administration 14 years after it was established by Bobby and Sahar Hashemi
If you want a foretaste of what draconian cuts in public spending might involve, take a look at America’s “Golden State”
Employees plan action over UK flagcarrier's plans to slash 3,700 jobs this year and cut back its winter schedule
The OECD has warned of a bleak future for Britain, predicting a second bout of recession
The NIESR report is based on two months’ growth in GDP after a period of recession. How meaningful is it?
The National Institute of Economic and Social Research claims the British economy bottomed in March and has started to grow again
Nationalised mortgage lender could be floated on the London stock market as soon as this Autumn
No love lost as Boston newspaper fights for survival
Leading City figures warn that the economic slowdown is a long way from being over - and the effects could last a decade
Fiction: Andy Beckett’s political history of the Winter of Discontent is informed, balanced and comes at an opportune time
Slump may mean Japan is first country to fall into depression as GDP contracts at an annual rate of almost 10 per cent
A number of commentators, including the legendary investor, believe that the world is heading for a return to growth
Economic optimism indices might be on the up, but the behaviour of people in the know suggests the recession is far from over
Fed Chairman Ben Bernanke tells US politicians the recession should be over by Christmas, barring any unforeseen setbacks
The worst hit sector in Britain's recession is manufacturing. Is Britain now a place, as
French president Nicolas Sarkozy recently declared, “with no industry at all”?
Debt-ridden, overtaxed, disinherited and unable to afford a home, today's graduates face a a life of hardship
Rating agencies are thought to be considering a downgrade for the UK as a result of the new borrowing plans set out in the Budget
The libertarian novelist held money to be "the root of all good" and Alan Greenspan was a devotee. Why, when capitalism is in crisis, is Ayn Rand enjoying a revival?
Kurland struck gold by getting America into the sub-prime mess: now he’s back to cash in again by buying back the toxic mortgages