Budget 2016

London mayor says "perplexed" over ring-fenced aid payments to countries with improving economies.

The local authority says it will have to implement a £25m cost cutting plan.

Group of MPs warned ministers must outline how further cuts to Defra will impact agencies.

An FOI request reveals 7,060 NHS staff have been slashed amid budget cuts.

The court says the government's bid to cut public sector pensions is unconstitutional.

Cyprus plans 10% reduction in annual spending to meet fiscal targets set by lenders including IMF.

Cllr Damian Gannon cannot estimate future council job losses.

IBTimes UK lists out the best smartphones for business and productivity.

Protesters took to the streets of Lisbon ahead of the Assembly of the Republic's vote.

Chinese Finance Minister Lou Jiwei said the country requires more transparency in budget system and fairness in tax system.

The budget airline says the move will also generate up to 1,000 indirect jobs.

HTC is to broaden its smartphone range, but avoid making budget devices, as a second straight quarterly loss is predicted.

Generation Media's head of digital Martin Doyle talks about the massive shift from TV to online and mobiles

The move will see Waitrose opening 20 stores a year and an online expansion.

Mayor Ray Mallon says Middlesbrough council to concentrate spending on the vulnerable.

US government closing for business as Republicans block budget in political dispute over Obamacare.

George Osborne undermined by rating agency warning that failure to meet debt reduction targets jeopardises AAA status.

Asian stocks gain but traders remain cautious as EU leaders continue negotiations on the region's next budget.

Budget negotiations could end without final deal as officials fail to reach consensus on spending cut levels.

Nikkei gains 1.56 percent while KOSPI and Hang Seng indices end 0.82 and 1.02 percent higher. Shanghai index slips 0.72 percent.

Prime Minister David Cameron joins EU counterparts in Brussels for difficult future finance meeting.

Budget passed by 167 votes to 128 amid protests outside parliament, but it will take quite some time for much-needed bailout funds to be available.

While Cameron wants a freeze on EU budget, Merkel is seeking an increase.

Japan diverts a quarter of the budget meant for reconstruction of the Tsunami affected regions to unrelated projects, finds a government audit.

Budget prefers to tax the rich to raise resources rather than resort to spending cuts to plug the €30 bn hole in country's finances.

Middle and working classes to be spared heavy taxes and crushing spending cuts.

Protesters say people are already reeling under hikes and cuts introduced in July.

Shadow chancellor Ed Balls warns of tax credits bombshell as new financial year starts.

Cameron called for more private participation and investment in the infrastructure sector to reduce congestion in road networks.

India's annual budget proposed a 17 percent hike in its defense expenditure.