Guy Hands has warned that private equity firms will have to inject €450bn of new cash into existing portfolio companies to "stabilise earlier funds".

Germany is facing a moment of strategic truth. The sacred union with France that has held together through thick and thin for half a century is in growing danger as contagion spreads North, engulfing the French bond market.

Angela Merkel said she would "give up a piece of national sovereignty" to save the euro, amid explosive rows between Germany and its neighbours over bail-outs, fiscal policy and financial taxes.

The International Monetary Fund's crucial head of its European Department, which oversees its giant bail-outs of Greece, Portugal and Ireland, has resigned, the Fund announced this evening.

Andrew McCree, the chief executive of AEA Technology, has resigned as the energy consultancy sounded its second profit warning in seven months.

Game Group shares look as if they had been shot to pieces by Richtofen, the evil sociopath in the Modern Warfare 3 video game.

Santander's offer to buy back junior debt from bondholders has drawn criticism from analysts who accused the Spanish bank of trying to lock in a profit at the expense of investors.

Employment experts say the Government is "not justified" in blaming the eurozone crisis for the surge in the number of young people out of work, which has broken through the 1m barrier for the first time since 1986.

Sir Mervyn King had good reason to leap to the defence of his friends in Frankfurt, argues Jeremy Warner.

It's got a grandiose name, but you'd be forgiven for not having heard of the Congressional Super Deficit Committee.

Retailer competing in a fast-moving industry also hit by piracy.

France and Germany clashed on Wednesday over whether the European Central Bank (ECB) should intervene more forcefully to halt the eurozone's accelerating debt crisis.

Britain's unemployment figures made for grim reading, but City scribes were feeling optimistic about the outlook for recruitment businesses.

Seafrance, the troubled French ferry company, was put into liquidation by a Paris commercial court which rejected two bids to save the cross-Channel operator.

Olympus Corp's battle for survival stepped up a gear after the scandal-hit Japanese group said it was preparing legal action against former executives and would fight to keep its stock market listing.

Eviction notices served at the Occupy London camp at St Paul's Cathedral.

Analysts give their view of what the future holds for Game Group, after the computer games and console retailer issued a profit warning.

More than 1,300 fresh British job losses greeted the news that the number of people without work in the UK has hit its highest level in 17 years.

David Blanchflower: use tax cut for all young people to create jobs.

Foreign workers up as number of young jobless hits one million and overall number unemployed reaches 17-year high.