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Business headlines at 09:23

World Economy Is 'Near Meltdown'
The International Monetary Fund has warned the world's financial system is near meltdown and has put its weight behind an urgent Group of Seven plan to stabilise markets.

PM Urges Eurozone To Follow UK
The Prime Minister has warned European leaders they are facing a moment of truth as he heads to Paris to encourage them to follow his example in tacking the financial crisis.

Sir Philip May Buy Into Iceland Group
Billionaire businessman Sir Philip Green is looking to invest up to £2 billion to save troubled Icelandic retailing group Baugur.

Stricken Nation Turns to Haggis
Sales of haggis are not a commonly used indicator of economic health but in Iceland the spiralling demand for sheep intestines reflects how an entire country is tightening its belt.

'Bodies Going Unburied For Weeks'
Bodies are going unburied for up to two months because cash-strapped funeral directors are having to wait for the government to foot the bill for families on benefits, it has been claimed.

HBOS Crisis Nearly Wiped Out Virgin
Sir Richard Branson has said his Virgin Atlantic firm could have been wiped out if Halifax Bank of Scotland had not been bailed out by Lloyds.

Retailers Want Freeze On Fuel Duty
Petrol retailers are calling for a freeze on fuel duty to help push down prices at the pump for motorists.

'Pensions At Risk In Global Crisis'
Millions of people with pension schemes that invest primarily in shares may not be aware of the risks to their retirement nest egg, a non-profit organisation has warned.

Top UK Hospital May Lose Millions
One of Britain's leading cancer treatment centres has revealed it could lose £7.5m because of the meltdown of the Icelandic banking system.

UK Bankruptcy Every Five Minutes
The credit-fuelled party is over and, for many Britons, that means the mother of all hangovers.