A report by Accountants and Business Advisers BDO LLP suggests that dismal growth in the service sector is contributing to the contraction of the economy, which is already at risk or could be at serious risk as early as the first quarter of 2012.
The future of more than 1000 odd employees working in 11 Best Buy mega stores across UK is hanging in the balance as the stores are reportedly going for a closure.
The property sector in the UK is abuzz with reports of high value acquisitions amidst the overall slow growth of the economy. The eurozone crisis and decline in the overall property prices have aroused the global interest in UK property market.
The sale of BP's 60 percent stake in holdings of Argentinean oil producer Pan American Energy LLC, to the Bridas Corp. has failed.
Eurozone finance ministers will meet in Brussels Monday, as they seek to persuade Greece to accept the terms of the next installment of its bailout package, proceed with reforms, and refrain from antagonizing donor nations.
The decline of the Euro has now made its impact felt on the price of milk and the cup of morning tea. The prices of milk, in the European Union (EU), rose in September, led by higher payments to farmers by dairies in Germany, France and the UK, as the Euro's decline boosted exports.
The iconic British automobile brand, Jaguar Land Rover (JLR), has launched its new sports utility vehicle 'Evoque' in India with a starting price of £56,983 (4.5 million rupees). Currently four variants of Evoque will be available in India.
Recessions have shaken the world economy in more than once and each time the world has come out of it at different pace. The world can still breathe easy as the gravity of the current recession, in terms of its recovery period, has not yet surpassed the Great Depression of 1930.
As resolution of the debt crisis continues to be elusive, the now-concluded Group of 20 Summit witnessed an unprecedented tendency on the part of world leaders to point fingers at each other.
Reports of a worldwide outage on HSBC banking services have flooded Twitter, with jilted customers reporting problems withdrawing money from ATM Machines and making card payments.
The German Chancellor, Angela Merkel, has confessed that there is no deal on the table to fund the IMF or a Eurozone firewall which has sent markets tumbling across the world.
Motorola has announced that the upcoming Xoom 2 will be priced at an iPad-beating £380, and the smaller Xoom 2 Media Edition will set you back £330.
Sony today announced that PlayStation 3 and PSP users will only be able to play their games on two activated consoles.
Anglo American Plc is set to increase its stake in De Beers by buying out the Oppenheimer family’s holdings in the company for a 3.1 billion pounds ($5.1 billion) deal.
The late Steve Jobs has been named the most influential person in gaming history in a survey of 1,000 executives from the gaming industry.
Hot on the heels of Siri and her huge catalogue of amusing 'Easter eggs', Google has joined in by adding two new personality quirks to its search engine.
Google has announced a new 'freshness algorithm' which promises to sort search results by order of how time-relevant they are, making sure that the newest appears first.
British Airways World Cargo (BAWC) has got delivery of three 747-8 Freighters from Boeing. The new aircraft will be operated under a lease agreement with Global Supply Systems Limited, a 49 percent UK affiliate of Atlas Air, owner of the aircraft. The current fleet of 747-400 freighters would be replaced by the new freighters.
The Royal Bank of Scotland Group Plc. (RBS) Friday reported a decline in its third quarter profits. The much watched banking stock in the FTSE posted an operating profit of 267 million pounds which is 63 percent down for the same quarter last year.
Barclays can withstand the failure of European banks, says its chief executive Bob Diamond.
Just one day after Apple released iOS 5.0.1 as a beta to developers, the new firmware has been jailbroken, although the exploit is still tethered at this point.
Apple's voice-activated personal assistant, Siri, appears to be having some problems, with users reporting of a lengthy outage taking place last night.
As world leaders struggle to resolve the eurozone debt crisis, the continent has a 30 percent likelihood of falling into recession, a new study warns.
The customers of Santander UK Plc can shop more for this Christmas as the bank is extending its cash back offer to its new current account holders.
The "Angry Birds" mobile game has achieved a new landmark by achieveing 500 million downloads in less than two years of its' launch.
A group of MPs has "little confidence" in the government's strategy for regeneration across England, according to a new report published on Nov. 3.
With Call of Duty: Modern Warfare 3's release just around the corner, analysts have come to question whether Battlefield 3 will be able to maintain its strong opening sales.
Britain's public services will be brought to a standstill on Nov. 30, as the country's largest union, UNISON, votes in favour of strike action against public sector pension reforms.
Motorola has announced two new Android tablets, the Xoom 2 and Xoom 2 Media Edition, both packing 1.2GHz processors and 16GB of storage.
Chris and Mary Gorman have been arrested after being caught by police in an alleged sex act with another man in a nightclub toilet in Florida
