Economy News

Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.

California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.

Greek police fire tear gas to disperse hundreds of lorry drivers protesting in Athens against a government order to end their strike.

David Cameron begins a two-day visit to India with the aim of strengthening relations and creating jobs back in Britain.

House prices in England and Wales are now at similar levels as seen in the summer of 2006, says the Land Registry.

The governor of the Bank of England says he is more worried about slow growth than inflation, suggesting rates will stay low.

High Street sales in July grew at the fastest pace since April 2007 and are set to keep growing, a CBI survey suggests.

Bangladesh is nearly doubling the minimum wage for its millions of garment workers, a wage board official says, after months of violent protests over pay.

Russia's economic growth accelerated in the three months to June, mainly due to rising consumer demand, an offical says.

The Reserve Bank of India has increased interest rates for the second time in a month to try to hold back inflation.