UK income tax receipts reach surplus in July

A record month for income tax receipts helped the government achieve its first July surplus on the public finances for three years, according to official figures.

Five reasons to be worried about the Chinese economy

It has been a tough year for China. Premier Li Keqiang’s plan to have slower but better balanced growth has run into difficulties and Beijing’s struggle to transform its economic model has prompted fears that the world’s second-biggest economy could be the source of the next global downturn.

Ukraine offers creditors 'last chance' to reach deal over debt

Ukraine has offered an updated debt restructuring proposal to creditors, its finance minister says, warning that Kiev would halt debt payments if bondholders did not make use of this last chance to clinch a deal in coming talks.

UK construction falls in April but new building rises

Output in the construction industry fell 0.8% in April compared to the previous month, official figures show.

Australia's economy grows faster than expected

Australia's economy grew at a better-than-expected 0.9% in the first quarter of 2015, compared to the previous quarter, boosted by mining together with financial and insurance services.

PM must guarantee minimum defence spending, says former RAF head

David Cameron must repair the damage to UK security by guaranteeing a minimum level of defence spending, the former head of the RAF has said.

U.K. March Retail Sales Unexpectedly Fall as Fuel Plunges

U.K. retail sales unexpectedly fell in March and the government undershot its borrowing forecasts in the latest fiscal year, providing a mixed set of data as parties spar over the economy in the final days of the election campaign.

Banks targeted as France confirms 2015 savings in mini-budget

(Reuters) - President Francois Hollande's government plans to remove a tax break currently available for banks as part of a package of additional measures aimed at getting the European Commission's green light for its deficit-reduction efforts.

George Osborne questions impact of regulations from Bank of England

George Osborne is calling on the Bank of England to consider the impact on lending to business and households as it toughens the regime to bolster the financial strength of the banking sector.

G20 vows to breathe new life into world economy

G20 nations including the United States and China said on Sunday they can overcome geo-political tensions and financial risks to achieve extra combined growth of 1.8 percent, adding trillions of dollars to the world economy.

Australia’s Hockey Says No Way G-20 Will Soften GDP Goal

Australian Treasurer Joe Hockey said there was “no way” Group of 20 nations would soften their commitment to increasing gross domestic product by an additional 2 percent.

Obama renews pressure on Congress for minimum wage hike

President Barack Obama has said he will continue to press Congress to raise the federal minimum wage as the US rebounds from recession.

Japan's growth outlook dims further, BOJ policy prospects unclear - Reuters Poll

TOKYO August 27 (Reuters) - Japan's economic outlook has dimmed further and inflation is stalling but analysts in a Reuters poll were split on whether the central bank would ease policy this year or wait until 2015 to try and revive growth.

Italy falls back into recession

Italy's economy has fallen back into recession, latest official figures show, after contracting for two quarters in a row.

Britain's economy set, finally, to recover ground lost to crisis

(Reuters) - Britain's economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

G20 trade ministers reaffirm growth commitments

SYDNEY, July 19 – G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders.

Almost all Spanish stock market firms use tax havens, report finds

Almost all of the 35 companies listed on the Spanish stock exchange use tax havens, according to a report from Observatorio RSC, an organisation that monitors corporate social responsibility.

German economy gets off to good Q1, but confidence dips

FRANKFURT: Booming investment provided the German economy with a healthy kick start into this year, but business confidence in Europe's biggest economy appears to be stalling already, data showed on Friday.

US economy records bumper jobs growth in April

The US economy created 288,000 jobs in April, the strongest monthly job creation since January 2012. The largest jobs gain came in professional and business services, which added 75,000 jobs during the month.

How the Russian economy has taken a turn for the worse

Russia's economy was struggling even before the crisis in Ukraine, but things have now taken a turn for the worse, according to the International Monetary Fund.