U.S. stock futures surged Friday after the Bank of Japan unexpectedly expanded its stimulus measures. Stocks in Europe and Asia also rallied after the BOJ increased its asset purchases for the first time in over a year and a half.
Last week, 25 banks failed the asset quality review (AQR) conducted by the European Central Bank for 130 of the eurozone's largest banks.
George Osborne is calling on the Bank of England to consider the impact on lending to business and households as it toughens the regime to bolster the financial strength of the banking sector.
The UK is taking steps to repay the �2bn debt it originally borrowed to finance the First World War. The debt had not previously been paid off because the Government has to pay relatively little interest on it, having paid a total of �1.26bn since 1917.
The threat of a triple-dip recession in the eurozone, civil unrest in China and the Ebola crisis have created an unprecedented number of headwinds for the global economy, according to the chief executive of WPP.