IMF chief Christine Lagarde has been placed under official investigation by French Magistrates for her alleged role in a corruption probe. Photograph: Adam Berry/Getty Images

International Monetary Fund chief Christine Lagarde has confirmed she is under official investigation for negligence in a French corruption probe that(...)

Australian prime minister Tony Abbott in May introduced the toughest budget in almost two decades, warning that the economic situation was an “emergency”. Photograph: Daniel Munoz/EPA

After 23 years of continuous growth, and being the only developed country to avoid recession in that time, there is a feeling in some corners that (...)

Reports have suggested that US banks are considering moving their European headquarters from London to Dublin, due to concerns that Britain might exit the European Union, the so-called “Brexit”. Photograph: Chris Ratcliffe/Bloomberg

By this time of year, wealthy bankers in the City of London have usually jetted off to their summer holiday destinations. Tuscany, Provence and the(...)

According to successive diagnostic manuals, much peer-reviewed psychological literature and neurological imaging, sex addiction simply does not exi(...)

Bank of Portugal governor Carlos Costa arrives to read a statement in Lisbon yesterday. Portugal’s central bank said  it had decided to rescue troubled lender Banco Espirito Santo in a €4.9 billion euro recapitalisation to be pumped into the healthy part of the bank. Photograph: Hugo Correia/ Reuters

Portugal will spend €4.9 billion to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after (...)

An ArcelorMittal blast furnace in Dunkirk, France. The company said it now expected yearly core profit to be “in excess of” $7 billion (€5.2 billion).

ArcelorMittal SA, the world’s largest steelmaker, cut its forecast for earnings this year after lower than anticipated iron ore prices ate into the pr(...)

A man walks past a closed branch of the Bank of Cyprus in Nicosia. Photograph: Angelos Tzortzinis/The New York Times

International lenders concluded a fifth review of Cyprus’s economy today, saying the island was making “relatively good progress” after a bailout last(...)

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 (...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

Ukraine’s government stepped down today, prime minister Arseniy Yatsenyuk announced, clearing the way for elections in October as the country finds itself in the grip of events threatening to tear it apart. Photograph: Andrew Kravchenko/EPA

Ukrainian prime minister Arseniy Yatsenyuk has announced his resignation, opening the way for new elections that would reflect the country’s starkly c(...)