Britain's economy fell last year at the sharpest rate since 1921, despite hopes that it finally emerged from recession in the last three months of the year, according to a respected economics forecaster. The National Institute of Economic and Social Research (NIESR) said today that its latest es...

Britons put almost seven billion pounds of equity into their homes in the second three months of the year as record low interest rates and uncertain job prospects encouraged homeowners to pay down debt. Bank of England figures on Friday show Britons have injected equity into their homes for the p...

Switzerland's real turnover in the retail sector fell 1.4% year-on-year in May, provisional results issued by the Federal Statistical Office showed Wednesday. Nominal turnover also dropped 1.4% compared with May 2008. In the first five months of the year 2009, nominal turnover per sales day rose ...

Britons paid down mortgage debt at a record pace in the first three months of the year as the recession encouraged people to curb borrowing. Individuals added to their housing equity for a fourth quarter, paying in a net 8.1 billion pounds ($13.2 billion), which was the most since records began i...

The deficit in the broadest measure of trade has plunged sharply in the first three months of the year as the country's deep recession depressed imports of oil and other goods. The Commerce Department said Wednesday the current account trade deficit dropped to $101.5 billion in the first quarter,...

The decline in China's exports and imports steepened in May, while investment growth in the first five months of the year accelerated. The divergent data underline that China could yet feel more pain from the global recession, despite hopes the government's huge stimulus package and directives to...