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A third runway at Heathrow airport would provide a

A Conservative government would not make “swingeing cuts” to public spending during its first year, party leader David Cameron has told the BBC. But he said it was right to make a start on cutting the deficit, to avoid the same “scale of problems” as Greece, where public ...Read More

The Bank of England has held UK interest rates at the record low of 0.5% in a widely-expected move. It also announced no changes to its programme of pumping newly-created money into the economy - so-called quantitative easing (QE). In November, the Bank of England said it would ...Read More

Zimbabwe’s first budget since its unity government began sharing power 10 months ago predicts a healthy economic future for the country. Finance minister Tendai Biti said the economy would grow by 7% next year, after 10 years of sharp contraction. He said growth would come from key sectors ...Read More

ST. LOUIS (Reuters) - A senior U.S. Federal Reserve official said on Wednesday the central bank may start tightening financial conditions by adjusting its extensive purchase programs, rather than by raising interest rates. “The market’s focus on interest rates is disappointing, given quantitative easing,” St. Louis Federal Reserve ...Read More

By Kristina Cooke NEW YORK (Reuters) - The U.S. economy may have turned a corner after the deepest recession in some 70 years, but Federal Reserve policymakers appear to be in no rush to raise interest rates. The Fed is widely expected to keep its benchmark interest rate ...Read More

WASHINGTON (Reuters) - President Barack Obama used his weekly radio address on Saturday to tell Americans that this week’s positive job and economic growth figures are yet more evidence that the U.S. economy is recovering. But he cautioned “we have a long way to go before we return ...Read More

The US economy grew at an annualised rate of 3.5% between July and September, its first expansion in more than a year, official data has shown. Commentators say the growth was helped by President Obama’s $787bn (

Figures due later on Friday are expected to show that the UK economy grew slightly from July to September, meaning the recession is over. The figure for Gross Domestic Product (GDP) from the Office for National Statistics (ONS) is likely to show the first economic growth since early ...Read More

By Glenn Somerville and Walter Brandimarte WASHINGTON (Reuters) - The United States must live within its means once its economy recovers if it is to preserve global confidence in the U.S. dollar’s status, Treasury Secretary Timothy Geithner said on Friday. The comments came as the Obama administration reported ...Read More