The US government seized control of the troubled Fannie Mae and Freddie Mac mortgage groups in what could become the world's biggest financial bail-out

The latest cheap manufacturing site for European companies is not in Asia or eastern Europe but the US, say top executives from some of the continent's biggest companies

An $810m London hedge fund has moved to Switzerland to cut its tax bill and improve the lifestyle of its partners – and advisers say the move will soon be emulated by larger firms

The UK prime minister's closest ally has warned of "tougher" times ahead but insists the economy will rebound to help Labour clinch a fourth term

Charles Allen, the former chief executive of ITV, has been appointed as a senior adviser to the private equity arm of Goldman Sachs and will take a seat on the board of its main media investment, the European TV producer Endemol

Internet groups agree to voluntary delay to controversial search advertising partnership following complaint by Association of National Advertisers

London's elite law firms are struggling to bring more women into their top ranks, perpetuating a gender gap that threatens to spark criticism from corporate clients

Ferrovial of Spain on Saturday agreed to sell Belfast City Airport to an ABN Amro fund, in the latest of a series of divestments aimed at cutting net debt and focusing on UK airports operator BAA

Israeli police have said Prime Minister Ehud Olmert should face criminal charges, issuing a non-binding recommendation in a corruption scandal driving him from office in the midst of peace talks with the Palestinians

As high oil prices have chipped away at demand, concern has spread among the cartel's 13 members that the party is about to come to a sobering halt

The widower of Pakistan's assassinated former prime minister Benazir Bhutto will take oath on Tuesday as the country's next president, after his victory at the polls

British manu-facturers are enduring brutal inflationary pressures as well as a downturn in demand in many of their major export markets

Germany's troubled Social Democratic party has ousted Kurt Beck, its hapless left-leaning chairman, and nominated the centrist Frank-Walter Steinmeier to run for chancellor

Shares in Britain's biggest groups ended their worst week in six years on Friday after the market was jolted by a surprising jump in US unemployment