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UK October budget deficit widens
The UK's public sector net borrowing widened by £1.4bn in October ahead of the pre-Budget report, official figures show.
Pakistan asks IMF for rescue loan
Pakistan has asked the International Monetary Fund for a loan of at least $7.6bn, its top economic adviser says.
INM plans to knock €10m off costs

Independent News & Media (INM) has introduced a major restructuring programme at its London-based newspapers, 'The Independent' and 'The Independent on Sunday'.

Big gamble?
Peru hitches its wagon to China's economic motor
Daewoo leases African plantation
South Korean firm Daewoo says it is leasing a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.
How Virgin Galactic will make space tourists of us all

Catching a plane to London, Paris or Rome is effortless, affordable and, more significantly, quite routine, but it is all too easy to forget that commercial flying did not become possible until many years after the Wright brothers took to the air in 1903. Now imagine the task of commercialising space travel.

Cash-strapped
Small firms in India come under pressure
World stock markets suffer further sharp losses

Stock markets across the world are suffering more losses amid ongoing fears that the global economy is facing a deep recession.

Minister to discuss ongoing crisis with bank chiefs

Finance Minister Brian Lenihan is due to meet the heads of the Ireland's main banks today to discuss the latest developments in the ongoing financial crisis.

Insurance premiums expected to rise after loss-making year

MANY insurance premiums were written at a loss last year and premiums for non-life insurance are already starting to rise, the Irish Insurance Federation warned yesterday .

Tullow strikes oil and gas off Ghana coast

Exploration company Tullow Oil has announced that its Ebony-1 exploration well off the coast of Ghana has intersected two hydrocarbon bearing intervals.

Oil falls toward $50 level as markets ignore pirates

OIL slipped below $54 and looked set to fall towards €50 a barrel yesterday after a US government report showed a decline in demand for oil across the country.

Putin vows to prevent 'collapse'
Russia's prime minister vows to prevent another financial "collapse" in the country, referring to the crises in the 1990s.

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