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A VAT cut could form the centrepiece of the pre-Budget report on Monday, according to widespread speculation.

Reuters - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.

There were plenty of new cars at Denny Hecker's six newly closed Twin Cities dealerships Saturday, but the salesmen were gone and computers had been removed from their desks.

The Royal Bank of Scotland is to guarantee overdraft rates and contracts for its business customers for at least a year.

Reuters - Leaders from Asia and the americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.

Michael Eisner has settled into a comfortable post-Disney existence, staking a claim on Web entertainment.

Charities are hurtin'. After nearly a decade of record growth, U.S. nonprofits are getting hit from all directions. Some foundations are scaling back on awarding grants as endowments shrink in the stock market meltdown. State and local governments -- facing falling tax revenue -- are slashing bud...

When Countrywide Financial felt pressured by federal agencies charged with overseeing it, executives at the giant mortgage lender simply switched regulators in the spring of 2007.

President-elect Barack Obama is developing a plan to create or preserve 2.5 million jobs over the next two years by spending billions of dollars to rebuild roads and bridges, modernize public schools, and construct wind farms and other alternative sources of energy.

Leaders from Asia-Pacific nations meeting in Peru pledge not to raise trade barriers in the face of the worldwide financial crisis.