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Global crisis ends Honda F1 dream
Japanese car giant Honda is quitting Formula One, blaming the world economic crisis.
Banks face pressure on rate cut
MPs pressure banks to pass on 1% cut in interest rates to customers as HBOS offers only 0.25%.
Marston's hit by 'difficult' year
Brewer Marston's full year profits fall and the brewer and pub-owner warns of another "difficult year ahead".
Crude steady near four-year low
Oil prices are steady at almost four-year lows below $44 a barrel as demand continues to be hit by the slowing global economy.
China, US pledge $20bn trade aid
The two countries pledged $20bn (£13.6bn) to help finance global trade, as part of efforts to boost the faltering world economy.
US carmakers' plea under scrutiny
Bosses from America's big three car companies face a second day of grilling in Congress over their request for a $34bn bailout.
Apprenticeship goal is threatened
The government's flagship apprenticeship bill is threatened by the economic downturn, two parliamentary reports say.
City Diaries
Tales of hardship from the financial front-line
Dealing in risk
Why risk managers in banks missed the impending crisis.
Plug-in cars
Will the mini win the race to an electric future?
Bank cuts UK rates to 57-year low
The Bank of England has cut interest rates by one percentage point from 3% to 2%, their lowest level since 1951.
Pound hits new low against euro
The British pound hits a historic low against the euro after the Bank of England cut interest rates to 2%.
Full coverage of the UK economy, and tips on surviving the crisis
Tips on surviving the financial crisis, and full coverage of the UK economy
US Fed urges foreclosures push
US Federal Reserve chairman Ben Bernanke calls on the government to take action to stem the increasing number of home foreclosures.
Downturn to hit Philips profits
Electronics giant Philips says the downturn is without "recent comparison" and that its revenue will be less than expected.
Decision on third runway delayed
A decision on whether a third runway should be built at Heathrow Airport has been put back to 2009.
ECB cuts eurozone rates to 2.5%
The European Central Bank delivers its biggest rate cut, lowering interest rates to 2.5% from 3.25%.
Hugh Pym
Could UK interest rates go even lower than 2%?
E.ON acts on prices after probe
Energy company E.ON cuts the annual bills of residential electricity customers who are not on mains gas supply, following a regulator's probe.
France unveils huge stimulus plan
French President Nicolas Sarkozy unveils a 26bn-euro ($33bn, £23bn) stimulus plan to help France fend off financial crisis.
Telecom giant AT&T slashes jobs
US telecommunications company, AT&T, announces 12,000 job cuts, or 4% of its workforce, in an effort to reduce costs.
Halifax pledge on tracker deals
The Halifax mortgage lender says it will pass on any more cuts in bank rate to half a million existing borrowers with tracker deals.
Firms agree to build UK reactors
A group of British and French firms join forces to build new-generation nuclear reactors in the UK.
Sweden cuts interest rates to 2%
Sweden's central bank, the Riksbank, cuts its key interest rate by a record 1.75 percentage points to 2%.
House prices still falling fast
House prices are falling at a faster rate, the Halifax says, as prices fell 2.6% between October and November.
Bank could return after 40 years
A municipal bank could be set up to help Birmingham residents and businesses through the economic downturn, the city council says.
New car sales fall by one-third
Sales of new cars in the UK fell at the fastest rate in 28 years in November, figures from the industry show.
Dragon out of race for Woolworths
Dragons' Den entrepreneur Theo Paphitis pulls out of the race to buy parts of troubled retailer Woolworths.
Wary consumers
Economic hardship greets The Box as it arrives in LA
New shoppers boost Morrisons
Supermarket chain Morrisons sees its quarterly sales rise - beating forecasts - despite "challenging" economic conditions.
Hotel company in administration
Swindon-based Folio Hotels calls in administrators following a sharp downturn in business.
Nomura cuts 1,000 London jobs
Japanese bank Nomura has announced it will cut 1,000 staff in London after buying parts of Lehman Brothers.
Credit Suisse to cut 5,300 jobs
Troubled Swiss banking giant Credit Suisse says it is shedding another 5,300 jobs from its workforce.
Japan oil rivals in merger deal
Japan's Nippon Oil is merging with Nippon Mining Holding in an attempt to weather falling oil prices and weak demand.
Juggling act
How Honda is managing not to cut jobs
US economy 'weaker in all areas'
The Federal Reserve's Beige Book paints a bleak picture of the US economy, with economic activity weakening across the country.
Repossessions 'to reach 75,000'
Northern Rock bank will wait six months before repossessing a mortgage borrower who has fallen into arrears.
Lloyds to pass on any rate change
Lloyds TSB will pass on any cut in interest rates on Thursday to all existing customers with variable and tracker mortgages.
German car downturn 'worst ever'
The German car market is suffering an unprecedented slowdown, the country's main auto trade body warns.
Bail-out plan 'lacks oversight'
The US $700bn bail-out plan is being implemented without adequate safeguards, a Congressional watchdog says.
DFS advert banned for inflated sofas
An advertisement for DFS is banned by the Advertising Standards Authority because the sofas in it are misleadingly large.
Lenders' mortgage rationing claim
Mortgage rationing is set to become more severe in 2009 without government action, a lenders' group warns.
Premium Bond holders see number of prizes slashed
Interest rate cuts by the Bank of England have led to a rapid decline in the number of Premium Bond prizes awarded.
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