FRANKFURT, Germany (AP) - Inflation crept higher in the 18 countries that use the euro in October - but the rise to an annual 0.4 percent offered little relief to the European Central Bank as it tries to boost a weak economy.
LONDON (Reuters) - The Bank of England told British banks on Friday they will be required to hold more capital to guard against the risks of bad loans, but the new measures were less stringent than many had expected.
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.
Royal Bank of Scotland Group Plc's investment bank lost money in the third quarter, bucking the improving trends at the rest of the UK's largest taxpayer- owned lender.