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Africa's largest economy, South Africa, has officially entered a recession, their first since apartheid ended. With an economy heavily...

The Russian economy recorded a 10.5 percent contraction in April, compared with the same month last year, reported Russian Deputy...

Rating agency Standard & Poor's has lowered the United Kingdom's credit outlook from 'stable' to 'negative' as UK borrowing hit...

Iceland's newly-elected Prime Minister Johanna Sigurdardottir says European Union membership will be on the agenda when the new...

The International Monetary Fund (IMF) has predicted that economic growth in the Middle East will halve due to the flow on effects of the...

The Bank of England has retained the country's interest rate at 0.5 percent as expected, keeping it at last month's record low. The move...

The Bank of England will release an additional 50 billion in sterling, raising the total flood of new cash to 125 billion sterling...

The Australian economy will shrink this year, according to the latest Reserve Bank revision, released today. Gross domestic product will...

The majority of small and medium businesses remain optimistic about the economy and feel that the pessimistic reporting by the media and...

The Reserve Bank is expected to leave interest rates unchanged at its board meeting tomorrow, despite the deepening recession....