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President Obama has been demanding that banks start lending again, but the unstated secret is that banks are not lending much because they are busy paying back their government aid and covering losses of $1 trillion or more on defaulting loans.

General Electric is using the London libel courts to gag a radiologist after he raised the alarm over the potentially fatal risks of one of its drugs

The Coming Insurrection is a work on the "imminent collapse of capitalist culture".

It's time to recognize we have trade competitors, not partners.

Developing countries understand the real costs of climate change.

His job-killing agenda is scaring people and making matters worse.

Taxing the best-off in this pre-Budget report may raise relatively little, but it would send a signal beyond price, says Mary Riddell.

 

Government borrowing is at unsustainable levels, but Matthew Elliott is not convinced by plans to get the UK back in the black.

By RUPERT MURDOCH We are at a time when many news enterprises are shutting down or scaling back. No doubt you will hear some tell you that journalism is in dire shape, and the triumph of digital is to blame.

WASHINGTON (Reuters) - The projected long-term cost of the U.S. government's bailout of the nation's big banks is going to be at least $200 billion less than previously thought, a Treasury Department official said on Sunday night.

Dubai's ruler writes poetry, rides horses across the desert in long-distance endurance races and hobnobs with royals like the Queen of England.

An official report concludes that bailouts, guarantees, insurance and loans offered by the Government and the Bank of England reached £850billion.

Microcredit loans have revolutionized the world of finance in developing nations.

The protracted fiscal crisis is forcing states to shrink their bureaucracies to match revenues. Some are seizing the opportunity to make government more efficient.