Inflation fell to its lowest level in more than five years in May after a sharp drop in air fares and retailers discounted food and clothing prices.
UK house price inflation has hit a four-year high, according to official figures that will intensify the debate about whether policymakers need to take steps to cool the market.
The International Monetary Fund slashed its forecast for US economic growth on Monday, citing a harsh winter, problems in the housing market and weak international demand for the country's products.
The debate about house prices is reignited on Mondayamid claims by Britain's biggest property website that prices for homes have come "off the boil".
The Treasury insists the Bank of England's new powers to cap mortgages do not amount to an admission of error over introducing the Help to Buy scheme for first-time buyers.
Bad weather in the U.S., the crisis in Ukraine, rebalancing in China and the anticipated rise in interest rates will hit global growth this year, according to the World Bank, which has urged countries to continue urgent reforms.
The World Bank has cut its growth forecast for the global economy in 2014 following a weak start to the year in both rich and poor countries.
Hope that Britain's economic recovery is broadening beyond consumer spending have been boosted by news that manufacturers enjoyed their strongest annual growth for more than three years in April.
Japan's economic growth was revised sharply higher in the first quarter, data on Monday showed, indicating the economy is in better shape than anticipated to weather a rise in the country's consumption tax.
George Osborne has conceded that a housing bubble remains a threat to the recovery following comments by the International Monetary Fund (IMF) in its annual appraisal of the UK economy.
China’s central bank has stepped up action to bolster its cooling economy by loosening the rules on banks’ cash reserves in the hope that they will offer cheaper loans.
The European Central Bank is under growing pressure to step up support for the eurozone’s flagging economy after the bloc slipped back into negative inflation in February.
International business leaders have urged the UK to stay in the European Union, warning of the complications that could follow a Brexit vote.