The recession has seen Australian expats leave in droves, damaging a specialist economy

President blames anti-government forces for causing shortages

The wing was part of London Welsh's squad in the Aviva Premiership this season

Oil giant BP has warned that millions of dollars of "fictitious" compensation claims for the 2010 Gulf of Mexico oil spill are putting the company at risk.

Europe’s grand alliance of France and Germany is crumbling like a fresh chèvre. The leaked memo from Angela Merkel’s coalition partners this week only confirmed what everyone else suspects about the French economy under the stewardship of François Hollande.

Richemont, the owner of the website Net-a-Porter and jewellery brands Cartier and Jaeger-LeCoultre, has allayed fears of a slowdown in the luxury goods sector with full-year net profits up 30 per cent, well above expectations.

Scotland would be left with three options - keeping pound, creating Scottish currency or joining euro

Economic View

When you have little or no opportunity to shop around, it's easy to get ripped-off

London’s small businesses delivered a harsh verdict on the Chancellor’s faltering efforts to kick-start the recovery today, with just one in 10 claiming the economy has improved in the last six months.

The City stalwart Terry Smith has felt the pinch from a “not particularly vintage year” as his pay and bonuses fell by almost £1m.

Financial turmoil in Cyprus risks dragging Europe’s economy deeper into the mire after a worsening decline for manufacturers and services, experts warned today.

Currency collapses will mean a catastrophic cut in spending money for families heading abroad for the Easter holidays.