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Britons in 'Perfect Storm' of Inequality, Says Oxfam
Poverty in households with jobs is increasing in the UK and if the trend continues, the country will witness the return of inequality not seen since Victorian times, says Oxfam.
The Ten Most Dangerous US Cities to Live in 2012 [SLIDESHOW]
These 10 cities with the highest rates of violent crime per 1,000 residents have populations of 100,000 or more and have high poverty rates, high unemployment and low median income.
London's Financial Services Job-Seekers Halve in May, Hiring at Slow Pace - Reports
Financial services jobs are the less sought after in the City and other parts of Britain.
UK House Prices Stabilising Though Eurozone Crisis Threat Remains - RICS [VIDEO]
A UK housing market survey by the Royal Institution of Chartered Surveyors reveals house prices are stabilising
Iata Warns Airlines of Worsening Eurozone Crisis and Oil Price Rise Risks
International Air Transport Association says deepening eurozone sovereign debt crisis and rising oil prices threaten to wipe out airline industry profits and targets
Tesco PLC Shares Rise as Supermarket Giant Reports Global Sales Growth
Tesco said its UK business is struggling in a tough economic environment as recession takes hold, but sales growth elsewhere was solid.
Tough Save: Spain's Bank Rescue Options Leave Little Room for Optimism
Spain's banking sector intransigence has left it with two stark choices as the clock ticks closer to midnight
Ireland's 'Yes' on Austerity Referendum and Angela Merkel's 'More Europe Not Less'
On 31 May 2012 Ireland held a referendum - the only country to do so - as to whether or not its Government should ratify the Stability Treaty signed by 25 of the 27 European Union (EU) Member States in December 2011 and due to come into effect on 01 January 2013. This is the Treaty which Prime Minister David Cameron representing the UK famously refused to sign, along with the Czech Republic.
UK House Prices Rose 0.5% in May – Halifax
House prices across Britain stabilising after stamp duty holiday for first time buyers skewed market
Spain at the Euro Crossroads: Bailout, Bonds and Banks
As eurozone sovereign debt crisis tightens grip, scenario in Spain becomes more fraught with reports that country in dire need of European aid for ailing banks.
Moody’s Downgrades Seven German and Three Austrian Banks
Moody's rating cut of German banks comes as a surprise to many analysts considering the resilience of the German banking system.
Ireland Votes Yes to EU Fiscal Compact's Deficit Rules
Ireland, which held the only popular vote on the new EU treaty, has voted for the new set of deficit rules in a referendum.
Arabic Fake Leaflet Scandal Hits France's Far-Right Leader Marine Le Pen
Supporters of France's far-right leader Marine Le Pen accused of distributing fake pamphlets in Arabic to smear radical left opponent Jean-Luc Melenchon.
Irish Referendum Set to Say Yes to EU Fiscal Compact Treaty
Ireland casts votes on whether to ratify strict EU fiscal compact treaty that sets new rules on budget deficit targets.
Grüße aus Deutschland: Angela Merkel Defender of the German Interest?
Brian Parkin writing for Bloomberg on 24 May 2012, highlighted how Germany's sharp fall in jobless figures over the past few years is not only saving the nation a fortune but enhancing Chancellor Angela Merkel's reputation as a very safe pair of hands. He could have added "and defender of Germany's interests in an increasingly hostile European Union."
US Cities with Most Underwater Mortgage [SLIDESHOW]
The persistent downturn in the US has taken a toll on mortgage debt in some of the major cities with homes continuing to be underwater about six years after home prices peaked, a recent report reveals.
Greece Crisis: Mother and Son Commit Suicide over Financial Woes
Antonis Perris was a 60-year-old Greek musician and his mother was 91 years' old.
Top Ten Happiest Countries in the World in 2012 [SLIDESHOW]
United States fails to make the top ten happiest countries in the world, while countries like Australia, Israel and all of the Scandinavian nations do. Denmark is the happiest country in 2012.
UK Retail Sales Plunge 2.3% in April as Weather Hits Hard
The retail sales fall wipes out gains made in March and is another sign that the UK is back in recession.
Australia Tops OECD Better Life Index of Industrialised Nations
Australia ranks as world's happiest nation in OECD Better Life Index - ahead of Norway and US.
IMF's Christine Lagarde tells UK: 'Growth Too Slow' [NEWS VIDEO]
The British government and the Bank of England must do much more to stimulate growth in the country's economy, the IMF's Christine Lagarde said.
Italy: Unemployed Father Throws Two Children From Balcony and Jumps to his Death in Brescia
Unemployed Italian father threw his two young children from his balcony before jumping to his death in Brescia.
Spain's Banks Get Vocal Support But What They Really Need is Capital
Spain's Economy Minister shoots-down calls for Spanish banks to be bailed out, despite the country’s banking industry teetering on the brink of collapse
Ryanair Shares Fall Sharply as High Fuel Costs Hit Profits
Budget airline Ryanair warns of a future decline in profits on higher fuel costs, despite beating forecasts with a 2012 profit surge.
Euro Drops against Dollar and Yen: What would be the Future of Single Currency after G8?
Euro is treading in negative territory due to concerns of Greece crisis contagion.
Moody’s Downgrade 16 Spanish Banks, Bonds Hit
Spanish banks downgraded by Moody's in view of the continued unemployment and recession.
David Cameron Speech on Euro Crisis and UK Economy [FULL TEXT]
The full text of prime minister's speech in Manchester
UK Unemployment Rate Surprise Fall to 8.2% in March
Unemployment has fallen in March, defying expectations of a rise after news that the UK has re-entered recession.
France's Hollande and Germany's Merkel Pledge to Chalk Out New Growth Plan to Solve EU Crisis
France's new Socialist President Francois Hollande met the German Chancellor Angela Merkel in Berlin and both leaders promised to work together to bring back growth in the recession-hit eurozone.
David Cameron's Worst Poll Rating Ever as UK Recession Takes Toll
Conservative prime minister David Cameron's leadership has left 60 percent of voter dissatisfied with him, according to the latest Ipsos Mori, in his worst poll rating ever.