Australia trade deficit doubles on commodity prices

Australia's trade deficit more than doubled to A$2.26bn (£1.2b; $1.96bn) in September, data showed.

IMF warns of 'weak and uneven' global recovery

The International Monetary Fund has cut its forecast for global economic growth for both this year and next and warned the recovery is "weak and uneven". It is now forecasting 3.3% growth this year, down from its forecast in July of 3.4%.

Wages beat inflation as unemployment falls below 7%

Wage growth has finally started to outpace inflation after years of falling real earnings, and unemployment has fallen to its lowest level in five years, figures released on Wednesday show.

Cross currents to slow but not halt Chinese growth

LONDON: China's monthly data deluge is likely to confirm that the world's second-largest economy is still moving down through the gears but is not about to come to a screeching halt.

German job market not prepared for long downturn: Labour Office

BERLIN: Germany's so far robust labour market is not sufficiently prepared for a deep recession but unemployment should not rise above three million on average this year, Labour Office chief Frank-Juergen Weise was quoted as saying on Saturday.

Unemployment falls to 15-month low

Hopes that Britain's economy is starting to recover from recession were boosted by a surprise fall in unemployment to its lowest rate since June 2011 while the number of people in work hit the highest level ever recorded.