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A cut in interest rates would normally have been warmly welcomed. As the Independent points out, the reduction of half of one percent is a hefty one.
Japanese manufacturer Kawasaki pulls out of MotoGP to cut costs amid the global financial crisis.
Gordon Brown pledges further measures to ensure banks resume "vital" lending as soon as possible.
Formula One's teams give the green light to plans to cut costs as FIA president Max Mosley urges a further reduction in spending.
BBC readers in countries hit by the shutdown of Russian gas supplies describe their struggle to heat their homes in the freezing cold.
Thousands of homes in Birmingham have their water cut off and 10 schools close after a mains pipe bursts.
US President-elect Barack Obama says that a huge stimulus package is urgently needed to revive the US economy.
The Bank of England cuts rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to help the economy.
The Bank of England cuts rates to 1.5%, the lowest level in its 315-year history, as it continues efforts to help the economy.
Banks in Northern Ireland start to react to the latest cut in interest rates announced by the Bank of England.
US retailers including Wal-Mart saw disappointing sales in the key Christmas trading period, as consumers reined in spending.
Britain's handball bosses are in talks with a top German club in a bid to keep the Olympic programme on track after funding was cut in December.
How will people benefit from the latest cut in the UK's key interest rate?
People in Kent are offered the chance to get a share of a £50,000 grant to help fund green schemes that cut waste.
The statement accompanying the Bank of England's decision to cut the Bank Rate to 1.5% from 2%.
Chip maker Intel cuts its fourth-quarter revenue forecast again as spending on computers slows.
Many European countries have been hit by a cut in Russian gas supplies - how are they affected?
Computer giant Dell is to shed 1,900 of the 3,000 jobs at its manufacturing site in Limerick in the Irish Republic.
Two large Asian technology firms, TDK and Lenovo, announce a total of 10,500 job cuts after a fall in demand.
The regions are being hit hard by the downturn, if the evidence in Derby is to be believed.
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