Category: News Wire

George Osborne unveiled a £140 billion emergency scheme to try to avoid a second credit crunch caused by the ongoing chaos in the eurozone.

Developing nations should brace themselves for weak growth and “tougher times”, the World Bank has warned.

The full list of submissions for new internet address endings has been published by the global organisation co-ordinating the expansion.

Spain’s claim that its €100bn (£80bn) bail-out was without economic conditions has caused ripples.

The Treasury is in “danger of being swamped by the pressures placed on it” and should consider receiving funding from the financial services industry, the former Cabinet Secretary said last night.

British savers have suffered bigger losses from their workplace pensions in the last decade than virtually every other nation in the developed world, the Organisation for Economic Cooperation and Development (OECD) has said.

Willie Walsh, one of the most influential figures in aviation, has accused the Government of doing all it can to damage air travel.

Passengers on the London Underground will soon be able to make mobile phone calls and access email for the first time.

Billions of pounds was wiped onto European markets on Monday after eurozone finance ministers agreed to lend Spain up to €100bn to shore up its struggling banks, relieving markets that had feared a fiscal collapse in the country.

The gap between men’s and women’s pensions has narrowed in the past few years, according to a survey by the Prudential.

Small businesses have had nearly half of rejected applications for bank lending overturned by using an independently monitored appeals process, an official report has revealed.

The Treasury Select Committee has taken the drastic step of publishing a special report into the Government’s “defective” banking reforms to help the House of Lords hold the authorities to account.

More companies are successfully “spinning out” of UK universities, official figures show, as education institutions get better at identifying the commercial applications of innovation, but funding problems remain.

Crisis in the eurozone is hitting small companies’ confidence and cash flow, experts have warned, with European suppliers demanding cash up front for orders while exporters are being caught by customers delaying payment.