Pope warns global crisis risks creating lost generation

Pope Francis on Monday warned that the global crisis risked creating a lost generation of jobless youth and slammed a cultural tendency to socially reject the elderly.

OECD: UK has begun slide into double-dip recession

Britain has already begun to slide back into recession, the Organisation for Economic Co-operation & Development (OECD) has warned, as it predicted that the Bank of England will pump another £125bn into the economy to try to salvage the recovery.