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 Fitch Ratings has warned that Britain's public debt will explode to almost 70pc of GDP by the end of next year vaulting past Germany to become one of the most heavilyindebted states in the industrial world.
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The Bank of England is today expected to cut interest rates to their lowest level in more than 300 years as the bank steps up its efforts to avert a long and painful recession.
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NEW YORK (Reuters) - A monthly gauge of online labor demand in the United States slid in December, suggesting job conditions worsened with the economy stuck in a recession, a private employment group said on Thursday.
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 Dubyna announced this to journalists.
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 Dubyna issued the denial while addressing journalists.
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One of the largest suicide hotlines in Japan is struggling to keep up with the flood of calls they are receiving as a result of distress caused by the global financial crisis.
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Marks & Spencer's shares soared yesterday in a relief rally after Christmas performance exceeded at least the direst expectations and the company announced further cost cutting.
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Scottish & Southern Energy yesterday responded to the credit crunch by raising 479m from investors to stave off further credit ratings downgrades and keep its expansion plans on track.
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Royal Bank of Scotland yesterday refuted claims that it is "squeezing" money from embattled small businesses, in spite of its pledge to freeze overdraft charges for 12 months.
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Benchmark UK interest rates are set to fall today to their lowest level since the Bank of England was created in 1694, as monetary policy-makers take radical action to try to limit the scale of the recession.
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