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No straightforward European recovery: UBS' Alex Weber

Weber Grill

Europe's recovery this year will not be straightforward, according to Axel Weber, the chairman of UBS, who warned against complacency in the euro zone with banking stress tests and anti-EU sentiment waiting to derail modest growth.

Bitcoin investor fury at Mt Gox delays

Bitcoins

Bitcoin investors were left frustrated Thursday as a planned resumption of withdrawals from major exchange Mt Gox hit a hitch with the Tokyo-based company blaming a security breach for the delay.

UK unemployment unexpectedly rises to 7.2%

Hard Hat In Office Tray

The U.K. unemployment rate rose in the three months to December, edging up to 7.2 percent compared with 7.1 percent in the three months to November, according to the Office for National Statistics.

Bubble alert ? UK house prices rise to 6-year record

London Terraces

Asking prices for U.K. houses jumped above £250,000 ($419,050) in February, up 6.9 percent on the same time last year, marking the highest annual increase for more than six years in a fervent UK property market, according to a new study.

Stop whining! The US economy is in good shape

Thumbs Up At Desk

While operating more than an entire percentage point below its potential growth rate, the U.S. economy still raised its business sector employment by nearly 2 million people over the last twelve months.

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US GDP growth disappoints

US economic growth missed expectations in the fourth quarter, reinforcing fears that the Federal Reserve was too hasty last month when it raised rates for the first time in almost a decade.