UK tax system is 'punishing success' says Institute for Fiscal Studies

Forcing Britain’s highest earners to foot a greater share of the nation’s tax bill is putting the Government’s long-term finances at risk, a leading economic think tank has warned.

Japan Real Wages Fall to Global Recession Low in Abe Risk

Japan’s base wages adjusted for inflation last year matched a 16-year low in 2009 when the world was gripped by recession, posing a risk to consumer spending as the nation girds for a higher consumption tax.

Ukraine on brink as turmoil hits currency

Ukraine is on the brink of economic disaster as its currency plunges to a four-year low amid political turmoil and a tug-of-war between Russia and the European Union.

Corruption across EU 'breathtaking' - EU Commission

The extent of corruption in Europe is "breathtaking" and it costs the EU economy at least 120bn euros (£99bn) annually, the European Commission says. EU Home Affairs Commissioner Cecilia Malmstroem has presented a full report on the problem.

Banks Could Still Face Tougher Capital Requirements to Prevent Crises

FRANKFURT — Ever since the end of the 2008 financial crisis, the world’s leaders have searched for ways to shore up the banking system.

Obama to tout economic security proposals Wednesday in Md., Pa.

Fresh off his State of the Union address, President Obama plans to discuss new ways to build economic security for the middle class and expand opportunity for all so that every American can get ahead.

Japan inflation rises at fastest pace in over five years

Japan's consumer prices have risen at their fastest pace in more than five years, marking more progress in the country's battle against deflation.