George Osborne warns Bank of England over economic recovery plans

George Osborne has warned the Bank of England that it risks derailing Britain's fragile economy if it uses tough new financial watchdog powers to clamp down too hard on the City.

World Bank urges East Europe to curb 'shadow economy'

BRUSSELS: Eastern Europe needs to curb its "shadow economy" to weather Europe's current financial crisis and promote growth, the World Bank said in a new report Monday.