Australia and several other economies that escaped the worst of the global financial crisis are now threatened by their massive run-up in household debt, the Bank for International Settlements has warned.
Business confidence has jumped to an 18-month high, but companies are having trouble recruiting skilled workers, according to a new survey.
Whatever went wrong in the air off Western Australia on Sunday, it started quickly and violently, and it did not stop for far too long.
Royal Bank of Scotland is cutting 443 UK jobs dealing with business loans as it shifts many of the roles to India. The state-owned bank said it was moving the jobs, which help to handle loans for small businesses, as part of an ongoing cost-cutting drive.
Italy has moved to shore up confidence in its fragile banking system after agreeing to pump €5bn of taxpayers' money into two failed mid-sized banks while handing their good assets to Intesa Sanpaolo, the country's strongest lender.