BUSINESS

Underlying pre-tax profit declined by 3.9% to £623m, as bosses agree to forego bonuses.

The Swiss giant has agreed to pay a $2.6bn as it becomes the first bank to plead guilty to criminal charges in the US for decades.

British consumers hit Financial Ombudsman with 40,000 enquiries a week about financial sector.

A survey has revealed that support of the EU has grown, but that the UK government's export support schemes have yet to have a major impact.

IBTimes UK takes a look at why the workers of the world are demanding a pay rise.

Steven Levitt co-authored Freakonomics, which sold more than 4 million copies worldwide

Energy firm Cuadrilla has announced that it will submit plans to begin fracking in Lancashire.

Russia's foreign minister says Russia open to Slovakia sending reverse gas flows to Ukraine.

Convicted ex-Societe Generale rogue trader Jerome Kerviel hands himself into French police custody.

US claims five Chinese military officials carried out cyber-attacks against six US companies, including a nuclear power company.

New survey says British capital is thriving economic powerhouse

Dassault pins hopes on pro-business credentials of India's prime minister-designate Narendra Modi.

Chinese newspaper Legal Daily claims GSK imported HIV drug at higher costs to reduce its taxable income.

As the TTIP negotiations enter their fifth round, we look at what the deal could mean.

Malaysian Airline's stock drops to a record low on 19 May.

US government will charge five Chinese government officials with stealing American trade secrets.

Rightmove finds average asking price of a London property leaps 16.3% to £592,763.

Russia is in final stages to reach deal with China for 38 billion cubic metres of gas every year.

EU Energy Commissioner says two rounds of talks will take place next week

Kerviel sentenced for making unauthorised trades that lost Societe Generale some $6.7bn.

Budget airline Ryanair blames decline in fares, weaker sterling and higher fuel costs.

Stake worth €1.75bn placed with Qatari royal family's Paramount Holdings Services.

Investors have high hopes from Modi to undertake far-reaching reforms that would boost growth.

Swiss unions made the proposal for £14 per hour minimum wage to meet its high cost of living.

Arson, violence and looting directed at foreign businesses in Vietnam damaging investor confidence.

BT plans 1,600 engineering jobs for Broadband network and says 'significant number' will go to ex-service personnel.

Banking Standards Review Council to help enforce higher standards across the financial sector.

Deal is to be completed in 12 months, subject to shareholder and regulatory approval.

The rate was introduced in 1998 by New Labour and now stands at £6.31 an hour.