This content is from the BBC News website
Darling warns of economic crisisChancellor Alistair Darling says the UK is facing the worst economic crisis in 60 years and warns of a "profound" downturn.More firms increase energy billsTwo more energy firms, Scottish Power and Npower, say they will raise prices, blaming more expensive wholesale costs.Bank insider urges UK rate cutsTwo million people will be out of work by Christmas if interest rates are not cut, a Bank of England policymaker warns.Airline collapse hits thousandsHundreds of travellers are stranded and tens of thousands lose bookings after the budget airline Zoom collapses.Alitalia seeks bankruptcy measureTroubled airline Alitalia seeks bankruptcy protection as it tries to agree a deal to ensure its survival.OFT says bank charges are unfairThe main UK banks have been told by the Office of Fair Trading that their overdraft charges are probably unfair.EU to investigate BA-AA allianceThe European Union has opened an antitrust investigation into a revenue-sharing deal between BA, American Airlines and Iberia.Northern Rock confirms jobs cutsNorthern Rock says it has cut 1,300 jobs as redundancy consultations with staff come to an end.Land Rover will cut output shiftsCarmaker Land Rover will cut production by one day a week as it reacts to slower economic growth.Bradford & Bingley announces lossBuy-to-let specialist Bradford & Bingley reports a half-year loss of £26.7m after being hit by the credit crunch.India's economic growth slowingIndia's economy grew by 7.9% in the quarter to June, figures show, its slowest rate for more than three years.Ringing the changes - BT puts phone boxes out for 'adoption'Ringing the changes - BT puts phone boxes out for 'adoption'Penguin targets lonely bookworms with dating tie-upPenguin launches an online dating website with Match.com to bring lovelorn literature fans together.Q&A: Zoom rightsWhat happens to customers now airline has failed?Spanish saleSlashed prices are a common sight as a slowdown hitsSmart thinking?The retailers' price war over school uniformsRainy dayWhat is the best way to save during the credit crunch?Banking revivalIs there scope for Spanish firms to beat the trend?Life on boardTaking to the water to beat the housing market slumpJapan unveils economic boost planJapan unveils a stimulus package worth 11.7 trillion yen to boost the country's flagging economy.GM eyes return to profit in 2010General Motors hopes the car company will start making money again in 2010, a top executive at the firm says.Carers 'need more financial help'The government must provide more money for Britain's six million unpaid carers, who save the taxpayer £87bn a year, MPs say.Dell pricing policy hits profitsDell says that a "strategic" effort to cut the prices of its computers, had dented its earnings.House prices 'fall 10.5% in year'UK house prices are down 10.5% on a year ago, the first annual double-digit fall since 1990, the Nationwide says.Oil above $120 on hurricane fearsOil prices rocket above $120 on hurricane fears - before falling back in a see-saw session of trading.US growth rebounds to 3.3%The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.UK shops have 'summer to forget'A CBI report on UK retail sales posts its worst monthly reading since it was first compiled 25 years ago.EU concern over phone bill trendSome mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.British workers 'fear job losses'More than one in 10 British workers fear they will lose their job in the next year because of the economy, the TUC says.Saving accounts range growsMore savings accounts with interest matching or topping the base rate are available than in previous years.Diageo faces 'challenges' aheadDiageo, owner of Guinness and Johnnie Walker, says it faces a "challenging" market after seeing little change in annual profits.Profits tumble at retailer SearsUS retail group Sears reports a 62% drop in second-quarter profits after struggling to attract customers.Hovis maker sees debt level riseHovis-maker Premier Foods has seen its profits fall and debt level rise in the first half of the year, on higher raw material prices.Call for housing market 'rescue'A mortgage rescue scheme and councils buying unused land feature in a Liberal Democrat plan to revive the housing market.Workless households figure fallsThe number of households with no-one aged over 16 working has fallen slightly compared with a year ago, official statistics show.Savings returns 'beating' sharesSavers putting their money in funds investing in UK stocks and shares would have made more by putting it in a savings account.UK mortgage lending 'levels off'Mortgage lending by major banks flattened out in July but the amount borrowed for day-to-day spending slowed, figures show.US backs international standardsUS firms could have to use international accounting standards by 2014, under a proposal put forward by the SEC.Slowdown in US consumer spendingUS consumer spending rose by just 0.2% in July as the effects of a government stimulus package wore off.Olympics lift consumer mood in UKUK consumer confidence improved in August, helped by a strong performance in the Olympics and lower energy prices, a survey showed.US household incomes fail to growThe average household in the US is no richer now that six years ago despite strong economic growth.Czech firm plans giant wind farmCzech power firm CEZ is to build what it says will be Europe's largest onshore wind farm, in a £1.1bn-euro project.Shake-up at Fannie MaeThe US mortgage giant announces a shake-up of top executives in an attempt to restore confidence.Henderson to leave UK tax regimeUK investment fund Henderson Group says it is setting up a new Irish parent firm to cut its tax bill.Guidelines for financial journalists
