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.

First Saudi Sovereign Debt Since '07 Seen This Year as Oil Bites

Saudi Arabia may issue sovereign debt for the first time since 2007 this year after oil’s decline sent its cash reserves plunging, according to Ashmore Group Plc.

Bank of England MPC member warns UK faces years of weak growth

Fears that Britain faces years more of weak growth were raised by a leading Bank of England policymaker when he warned that adjustment to the tougher post-crisis climate was only two-thirds to three-quarters complete.

IMF outlines spending cuts plan for Portugal -daily

LISBON: The IMF has identified 4 billion euros of possible spending cuts in Portugal, focused on large-scale layoffs of public sector workers and reductions in pensions, business daily Jornal de Negocios said on Wednesday.

Bank of England's money printing is putting UK economy at risk

The Bank of England may be putting the economy at risk by persisting with low interest rates and money printing, according to the world's central banking supervisor.

The SECRET FACEBOOK OF POWER used by global premiers at G20

"It wasn't secret, we just didn't need to tell anyone about it" said Sid Heaslip, Programme manager at Opentext discussing the TOP SECRET FACEBOOK OF POWER that his company made for the G20 summit in 2010, exclusively for the leaders of the world's most powerful nations to network with.