The Chancellor also pledged UK action on tax evasion and avoidance
The scare stories have it wrong; Facebook is a force for openness and accountability in the world, argues Eduard Mead.
Egypt's leaders were under increasing strain last night as a fuel shortage heaped pressure on the battered economy and officials met with world finance chiefs to discuss a multi-billion dollar development loan.
Lender sees just 0.2 per cent UK growth in 2012 and urges action from eurozone
Greece won a second massive financial bailout in the early hours of today when its partners in the 17-country eurozone finally stitched together a 130 billion euro rescue, meant to avoid a potentially disastrous default and secure the euro currency's future.
France was told by Nick Clegg today to end "simply unacceptable" attacks on the UK economy amid mounting cross-Channel tensions over the eurozone crisis.
The stainless reputation of the new International Monetary Fund (IMF) chief, Christine Lagarde, is to be tested by a French court investigation.
A French court has decided to investigate new IMF chief Christine Lagarde's role in a $400m (£244 million) arbitration deal in favour of a controversial tycoon.
The French Finance minister, Christine Lagarde, was last night named as the new managing director of the International Monetary Fund (IMF) and will begin her term of office on 5 July.
French Finance Minister Christine Lagarde is poised to become the next leader of the scandal-rocked International Monetary Fund, with a major endorsement from the Obama administration.
Organisation reveals it has been under assault for months
The International Monetary Fund yesterday delivered a powerful endorsement of the Chancellor's strategy to reduce government borrowing – but warned that ministers may need to cut taxes and the Bank of England will have to inject more money into he economy if "major risks materialise". This is the nearest that any international body has come to suggesting a "Plan B" may be needed. The level of unemployment in Britain is, the IMF added, "unacceptable", and it also pointed to inflation and the fragility of the banks as "significant risks".
The Prime Minister and Chancellor have briefed against the former PM
Christine Lagarde is, after President Sarkozy, the most recognisable face of the French government outside the country.
Dominique Strauss-Kahn, who has been widely praised for his leadership of the Intentional Monetary Fund and its involvement in solving Europe's woes, resigned today to devote "all his energy" to fighting sexual assault charges in New York.
Gordon Brown's hopes of becoming head of the International Monetary Fund are fading as he struggles to win support at home and abroad.