The British government is making a major cash infusion into three of the nation’s largest banks — a move that will leave the taxpayers as their largest shareholders.

Gaining momentum, Democrat Barack Obama has a clear edge among likely voters as well as lower negative ratings than his rival, John McCain, according to a new Washington Post-ABC News poll.

McCain, his presidential hopes battered by chaos in the American economy, has to come up with a consistent campaign message to close the gap.

Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of trading patterns.

Nations in Europe’s single-currency zone agreed to temporarily guarantee bank refinancing and pledged to prevent banks failing as part of a raft of emergency measures.