Ukraine returns to IMF for further $14.9bn rescue loan

Following fast on the declaration of additional help for Hungary, Ukraine – another early victim of the credit crunch – has announced that it too will apply for fresh funding; a loan of $14.9bn to help plug the country's budget deficit and boost investor confidence.

Hungary asks EU and IMF for 'precautionary' help of €20bn

Hungary is to ask the International Monetary Fund and the European Union for a "precautionary" two-year financial rescue package worth between €10bn and €20bn, proving that even the earliest victims of the credit crunch remain in intensive care.

Britain 'might not cope with another bank emergency'

Britain's mountain of debt could leave the country powerless to launch another rescue bid in the wake of a fresh financial crisis, the world's central bankers warned yesterday. Their "club" - the Bank of International Settlements - presented in its annual report a frightening picture of the impact of a second banking emergency on heavily indebted nations such as Britain.

Buzz Lightyear to the rescue as 'Toy Story 3' sets box-office record

Eleven years since Toy Story 2 broke cinematic convention by proving to be a better film than its original, British audiences must endure the best part of another month before catching the third instalment in the adventures of Woody, Buzz Lightyear and the rest of the toy cupboard.

Joseph Stiglitz: Fiscal conservatism may be good for one nation, but threatens collective disaster

What is unambiguously clear about the European economies, including that of the UK, is that if they all decide to cut their borrowing, slash spending and raise taxes, and do so at the same time, growth will be lower than it otherwise would have been. It means that there will be fewer people in work than would otherwise have been the case, and, because tax revenues will be depressed and unemployment benefit payments higher, the improvement in budget deficits will be much less than hoped for. It a classic Keynesian paradox; what is good for one nation can be disastrous for all. There is a risk that the European economy will go into a "double-dip" recession. Although obviously important, that doesn't matter so much as the big picture: stagnant economies poised on the edge of deflation.

The day that Sunrise was blotted out by a freak rainstorm

The couple behind the organic festival Sunrise Celebration tell Elisa Bray how they coped with a disaster

Was the euro saved by a call from Barack Obama?

Talks on the scale of a bailout deal to rescue the single currency were wavering – then the President intervened

Lloyds investors back remuneration report

Shareholders in Lloyds Banking Group questioned its board on management, pay and incentives at the bailed-out lender's annual meeting in Edinburgh yesterday, but ultimately supported its executive pay plans. Only 8.5 per cent of votes were cast against the remuneration report.

Greece agrees to cuts package

The crucial Greek austerity bill was passed by parliament tonight.

Greece paves way for IMF rescue deal by agreeing savage cuts

Greece and the wider eurozone scrambled back from the brink of disaster again yesterday as the outline of an IMF/eurozone rescue package emerged.

Merkel defies critics to back Greek rescue

German domestic opinion remains opposed to the bailout, preferring a default or purely IMF solution

Business Secretary announces rescue plans for thousands stranded in air crisis

Royal Navy and merchant ships may form flotilla to spearhead repatriation

Sam Wallace: Manchester United fans should look long and hard at spin and promises of City slickers

Claims the Red Knights had Ferguson's support may show they are fighting a dirty war

Turner: Cost of bank bailout was small compared to instability

The cost of the financial crisis may be much less than was initially feared, the chairman of the Financial Services Authority said yesterday.

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