Barack Obama has taken the oath of office and been sworn in as America’s 44th president – and the country’s first African-American leader. More than one million people gathered in the National Mall in a wintry Washington DC, to see Mr Obama take the oath shortly after 1200 (1700...

Analysts were unprepared for a higher-than-predicted leap in German investor optimism in January, despite continued signs of downsizing in German industry. German investor confidence jumped unexpectedly in January, a key indicator released on Tuesday showed. It signals hope that signs of an economic recovery could emerge as the year...

The government has announced a second package of measures to encourage banks to lend to individuals and businesses. The long list of policies includes a scheme to offer insurance against banks losing more money from the bad debts that started the credit crunch. Prime Minister Gordon Brown said the...

The EU is facing a “deep and protracted” recession, according to forecasts made in Brussels and released on Monday, Jan. 19. More economic contraction and rising unemployment are on the horizon, Brussels said. The 16 nations which use the euro will see their economies shrink by 1.9 percent, while...

The worldwide economic crisis has significantly shaken Europe’s economies. No country can sit back and wait it out. With a series of economic stimulus packages, nations hope they can weather the storm. At their summit in December, the EU countries’ heads of state agreed to launch economic stimulus packages...