UNITED KINGDOM

TOKYO - Japan sank deeper into recession with its worst quarterly contraction in 35 years, data showed on Monday, its reliance on exports and soft domestic demand dragging down the world's second-largest economy. The grim Japanese figures, coupled with disappointment over the lack of coordinated action from the G7 and worries about bank rescue plans pushed European shares down by 0.6 percent in...

A new property has now been added to Zimbabwean President Robert Mugabe's list, this time it's a 4 million pound ($5.6 million) home in Hong Kong, Britain's Sunday Times reported.

On Monday US fast-food chain Kentucky Fried Chicken said in a bid to boost the deep recession affecting Britain and Ireland it would create 9,000 jobs by 2014

Government pressure is taking hold in the midst of crisis at another major bank, as RBS announced today it reached a deal with the UK, its majority shareholder, to cut the total bonus pay by 90 percent to 175 million pounds ($247.5 million).

Consumer demand for data services on mobile phones, such as accessing email or browsing the Web on the go, is rising despite the global economic downturn, a survey released Monday found.

Australian Dollar: The Australian Dollar opens the week at 0.6534, largely unchanged from this time on Friday.

On Friday Part-nationalized Lloyds Banking Group said its HBOS unit made heavy losses last year due to a bigger-than-expected rise in unpaid loans, wiping a third off its value and raising fears more state help will be needed.

Stocks inched higher in choppy trade on Friday on optimism over the expected passage of an economic stimulus and government plans to shore up the housing market.

On Wednesday, Zimbabwe's opposition leader Morgan Tsvangirai was sworn in as they country's prime minister.

On Wednesday, London stocks closed slightly higher than expected despite the doubts and skepticism of worldwide investors of the viability of the U.S. governments' latest rescue plan for the struggling financial industry.

On Wednesday world markets fell following a steep sell-off on Wall Street as investors doubted the viability of the U.S. governments' latest rescue plan for the struggling financial industry with as much as $2 trillion in funding.

Australian Dollar: The Aussie dollar pulled back from its early morning highs around 68 cents to find an intraday low at 0.6675 in Asia yesterday before entering the offshore session at 0.6715.

On Tuesday the co-head of UK corporate broking firm, Merrill Lynch, announced his resignation with effect from end of April.

Put down the milk chocolate: When traveling, sample candies made with salt, chili, and mung beans. When Americans eat ...

Barclays announced Monday its plan to overhaul pay policies across the bank as it confirmed the turmoil in the credit markets and the global economic recession weighed on its profits.

McDonald's Corp., the world's largest hamburger chain said Monday its same-store sales rose 7.1 % in January; due to demand for McDonald's core menu and breakfast items.

Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the

The 23 year old Olympic gold medalist and Towson native Michael Phelps apologized for regrettable behavior after a photo of him smoking a marijuana pip

London was immobilized Monday by the biggest snow storm to hit the city in 18 years, according to the Britain's Meteorological Office.

Swimmer Michael Phelps, who has won more gold medals than anyone in Olympic history, admitted on Sunday that he had engaged in regrettable and inappropriate behavior after a photo of him smoking marijuana was published in a British tabloid over the weekend.