Economics

Yields on UK debt were heading towards record lows in morning trading as worries over election results in Europe and news Spain may be forced to prop up its banking system spooked investors.

French and Greek election results have spooked investors, as strong opposition to austerity reignites fears over the future of the single currency.

Fifteen years ago to the week, in May 1997, the thumping strains of D:Ream's Things Can Only Get Better heralded the arrival of Tony Blair, Gordon Brown and New Labour.

European stocks dropped this morning as concerns grow over Greece's struggle to form a new government, and the French election results create uncertainty.

Senior executives at Lehman Brothers knew of the risks which led to the investment bank's collapse, and chose to ignore warning signs as early as 2007, according to new documents.

Pimco's Bill Gross, manager of the world's largest mutual fund, has called for the US authorities to intervene in currency markets to bolster the US economic recovery.

ECONOMICS

Yields on German government bonds have fallen to a new record low amid weaker than expected jobs data from the US.

European indices have deepened losses after US jobs figures from the Bureau of Labor Statistics came in below expectations.

ECONOMICS