Give money to hungry not banks, says UN food chief

Jacques Diouf said a three-day summit in Rome “didn’t go as far” as he had hoped. “If it has been possible to mobilise trillio…

Japanese growth beats expectations

Author: By Sean O’Grady, Economics Editor The Japanese economy, which was hard hit by the slowdown in international trade, grew by a better-than…

Surge in the price of oil is a fresh threat to recovery

Author: By Sean O’Grady, Economics Editor In its latest review of the oil market, the international body said: “The recent price spike, if…

Harmony in the G20 is starting to unravel

Author: By Sarah Arnott Gordon Brown’s suggestion of a so-called “Tobin tax” received a mixed response from the global financial com…

WPP predicts profits boost

Author: By Russell Lynch, Press Association The company added that third quarter trading was “less worse” than the previous three months, …

Brown outlines 16bn assets sale

Author: By Andrew Woodcock and Gavin Cordon, PA Some £3 billion of assets are planned to be sold off over the next two years – including the Tot…

The dark secrets of the trillion-dollar oil trade

At first glance, the decision by Trafigura Group and Vitol Holding BV to charter the newly built ships at an estimated cost of £47,000 a day to do not…

G20: Brown hails new era of economic co-operation

Author: By Gavin Cordon, in Pittsburgh, and James Tapsfield, Press Association The Prime Minister said he believed decisions made at the gathering wou…

Britain faces ‘slow recovery and lower living standards’

Author: By Sean O’Grady, Economics Editor While the employers’ organisation seems confident that the UK has emerged, technically, from rec…

G20 edges towards deal to rein in bankers’ bonuses

Author: By Andrew Grice, Political Editor The build-up to the G20 meeting has been marred by differences between European countries, led by France and…