Unemployment in Japan surged to a post-war high in July and prices fell at a record pace, threatening to undermine a nascent recovery for the world’s second-largest economy ... more
Shares were on the slide again today despite several billion pounds' worth of takeovers being dangled in front of City speculators in order to whet their appetites... more
The start of the G20 summit - a flurry of high-level breakfast meetings, concluding with a splendid reception for the world leaders this evening with the Queen - may be both glamorous and imposing but the backdrop to the event is downright sombre... more
French president Nicolas Sarkozy and Germany's Angela Merkel exposed the split at the heart of the G20 summit by warning that they will not tolerate a fresh global economic stimulus package... more
Politics: Japanese Finance Minister Shoichi Nakagawa has said he will resign following accusations he was drunk at a G7 press conference in Rome... more
Japan's finance minister has denied that he was drunk at a news conference in Rome, claiming a combination of wine the day before and cold medicine may have affected him... more
Japan has sunk into its worst recession since the oil crisis of the Seventies with its economy contracting by 3.3 per cent in the final quarter of last year... more
Japan's exports are beginning to feel the pinch from the chaos in the US as growth slowed in August, with a record drop in shipments to America... more
Morning:
9°c
