OECD: UK has begun slide into double-dip recession

Britain has already begun to slide back into recession, the Organisation for Economic Co-operation & Development (OECD) has warned, as it predicted that the Bank of England will pump another £125bn into the economy to try to salvage the recovery.

Foreign markets make U.S. stocks look good

The U.S. stock market hasn't been much to write home about, with the Standard & Poor's 500 coming off a rough two weeks that left it down 7.9% for 2011. But that beats the pounding investors who strayed outside the U.S. have gotten.

Europe agrees on EFSF, seeks deeper union: reports

LONDON (MarketWatch) — European officials have agreed on how to leverage a key rescue fund, while Germany and France are looking at how to deepen fiscal integration in the euro zone, according to news reports.

Belgium Agrees 2012 Budget After Rating Cut

Belgium’s political factions reached a deal to reduce the leaderless country’s budget deficit, bringing it closer to forming a government after 531 days of post-election brinksmanship.

Analysis: World economy counts cost of euro zone dithering

ONDON (Reuters)- From credit bottlenecks in eastern Europe to slower growth in China, delays in tackling the euro zone's debt crisis are causing ever-greater economic and financial damage well beyond the borders of the 17-nation bloc.

Kissinger’s Favorite Communist Paves Monti’s Way

Italy’s new government, headed by former European Union Commissioner Mario Monti, has an unlikely supporter in President Giorgio Napolitano, an ex-communist who once praised the Soviet Union for crushing the 1956 reformist movement in Hungary.

Cameron tells CBI sorting debt 'harder than envisaged'

Getting debt under control is proving harder than anyone envisaged, the prime minister has told the CBI conference.

Debt committee: Decision time

NEW YORK (CNNMoney) -- With just days left for the bipartisan debt committee to agree to a deal or call it quits, the mood is pessimistic.

Euro zone must solve crisis as group: Spain Econ Min

(Reuters) - Euro zone countries must respond as a bloc to the region's debt crisis, Spain's Economy Minister Elena Salgado said on Friday, adding that reforms at state level were not a substitute for co-ordinated action from the region.

The Rise of a Euro Doomsayer

LONDON — The euro zone was unraveling, just as he had long predicted, yet Bernard Connolly, Europe’s most persistent prophet of doom, still faced a skeptical audience.

UK October inflation falls to 5%

The rate of Consumer Prices Index (CPI) inflation in the UK fell slightly to 5% during October, down from a rate of 5.2% the month before.

Japan economy rebounds from post-quake slump

Japan's economy rebounded in July-September as efforts to restore supply chains and recover lost output in the wake of the March disasters helped it post its first expansion in four quarters.

Merkel Says EU Must Forge Closer Union to Sway Bondholders

Nov. 14 (Bloomberg) -- German Chancellor Angela Merkel said it’s time to embrace a “political union” in Europe to send a message to bondholders that euro-area leaders are serious about ending the sovereign debt crisis.

Italian Senate Approves Budget Bill

ROME—The Italian Senate approved a package of growth-boosting measures on Friday that are likely to pave the way for the appointment of an interim government and the resignation of longtime Prime Minister Silvio Berlusconi.

In Overheard Comments, Sarkozy Calls Netanyahu a ‘Liar’

JERUSALEM — The president of France, Nicolas Sarkozy, told President Obama that he could no longer bear Benjamin Netanyahu, the prime minister of Israel, and went on to call Mr. Netanyahu a “liar” in a private conversation overheard by several French journalists last week at the Group of 20 summit meeting in Cannes.

At the G-20, Small Victories for India

“History is being written in Cannes,” trumpeted billboards around the Mediterranean resort city when world leaders met there last week. And it was, though not as the French might have hoped.

G20 seeks more talks on eurozone crisis

The Group of 20 is seeking to meet again, possibly before Christmas, with the aim of resurrecting a deal to provide an international firewall around Greece, G20 sources have told the Financial Times, saying negotiators at the Cannes summit had been close to an agreement.

Canada's Flaherty says G20 likely to meet before February

G20 leaders are likely to meet before their next scheduled summit in February to try and restore market confidence battered by the euro zone debt crisis, Canada's finance minister said on Saturday, while Germany's Angela Merkel said it would take a decade to turn around the currency bloc.

Why the financial transaction tax proposal is DOA

Democrats have revived calls for a tax on trades, and economic leaders are weighing such a move at the G-20 meeting in France.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

G20 leaders agree to boost IMF resources

G20 leaders in Cannes have ended their summit with a plan to boost growth and rebalance the global economy.

Pressure on Greece ahead of G20

The Greek prime minister faces rising international pressure as crisis talks begin on the eve of the G20 summit.

Beware of Greeks bearing votes

Greece gave us democracy, Europe and economics, in both concept and language.

IMF mulls how to better help countries under strain

The International Monetary Fund said on Sunday that it was considering how better to help countries under economic strain because of financial market stress but said it was not targeting particular countries.