BIS blames Europe's creditors for eternal euro crisis

Europe's creditor powers bear as much blame as debtors for the eurozone's eternal crisis and are blocking recovery by failing to play a full part in righting the ship, according to the Bank for International Settlements.

Barack Obama: US wealthiest must pay more tax

US President Obama has reiterated his call for high earners in the US to pay more in taxes, in his first news conference since winning re-election.

US economy has slowed significantly, says Ben Bernanke

Ben Bernanke, the Federal Reserve chairman, said the economy had slowed significantly in recent months due to the continuing eurozone debt crisis and uncertainty surrounding US fiscal policy.