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This is Money
The European Commission has issued a red alert over the unprecedented collapse of industrial production, warning that EU states are running out of money for rescue packages.
Europe's industrial base may never recover from crisis
The US agency Moody's said the UK had slipped from the top rank of "resistant" AAA states, which include Germany, France, Canada, and the Scandinavian countries. British debt is likely to be "tested" over coming years.
High debt levels endanger Britain's AAA credit rating for first time
Cash-rich homebuyers are returning to the fray because they suspect that prices could be close to their lowest point, although weakness could persist for years.
Cash buyers scent rich pickings in property
Terry Freeman, a 60 year-old foreign exchange trader, was arrested from his home in Essex by the City of London Police Economic Crime Department on Monday. According to the cops, he was arrested in connection with an investigation into money laundering and possible offences under the Financial Services and Markets Act - in other words, the Market Abuse Regime. Mr Freeman worked at GFX - a foreign exchange where he was a director and which has now ceased trading.
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