George Osborne, UK chancellor of the exchequer, heralds figures as another milestone in country’s recovery. Photographer: Simon Dawson/Bloomberg

Britain has finally emerged from its worst post-war downturn after growth of 0.8 per cent in the second quarter of 2014 took the size of the economy (...)

Planet Business

Image of the week: Teenage robots They grow up so fast. This is Asimo, short for Advanced Step in Innovative Mobility, and he is 15 years old. (...)

I admire the Bank for International Settlements. It takes courage to accuse its owners – the world’s main central banks – of incompetence. Yet this is(...)

British prime minister David Cameron’s decision to ratchet up the disagreement surrounding the selection of  Jean-Claude Juncker is causing exasperation. Photograph: Dan Kitwood/Getty Images

European Union leaders will have to vote on their choice to become the next head of the European Commission, British prime minister David Cameron has(...)

Chinese premier Li Keqiang stressed that Beijing would not resort to “strong stimulus” to meet growth targets but would  rely on smart and targeted measures

Chinese premier Li Keqiang said on Wednesday that China’s economy would not suffer a hard landing and would continue to grow at a medium to high pace (...)

Suburban housing and streets are seen from the air. Photograph:  Matt Cardy/Getty Images)

The Bank of England is most likely to try and cool Britain’s booming housing market by using one of the more radical options in its toolbox, a cap on (...)

British chancellor of the exchequer George Osborne addresses the annual Bankers and Merchants dinner at the Mansion House in London. Photograph: Simon Dawson/Bloomberg

The Mansion House event on Thursday evening in the City of London won’t have gone down well with would-be London housebuyers, already stressed by aver(...)

Ryanair shares declined for a third consecutive day, finishing down 2.7 per cent at €7.11. Photograph: Rui Vieira/PA

Investor sentiment was weak during trading yesterday, after stocks were knocked by news of escalating violence in Iraq. In London, equities als(...)

Chancellor of the Exchequer George Osborne giving his speech at the Lord Mayor’s Dinner to the Bankers and Merchants of the City of London at Mansion House, central London. Photograph: Peter Macdiarmid/PA Wire

Ratings agency Standard & Poor’s upgraded its outlook on Britain’s top-notch triple-A credit rating to stable from negative today, but said this w(...)

Mark Carney, governor of the Bank of England, pauses during the annual Bankers and Merchants dinner at Mansion House in London. Photographer: Simon Dawson/Bloomberg

Interest rates are expected to rise by the end of the year after Bank of England governor Mark Carney warned that the first hike from the historic low(...)