ECONOMY

A shipwreck loaded with silver worth more than £130million has been discovered at the bottom of the Atlantic. Odyssey Marine Exploration announced that it has confirmed the identity and location of the shipwreck site of the SS Gairsoppa nearly 4,700 meters below the surface of the North Atlantic, approximately 300 miles off the coast of Ireland in international waters.

British Labour politician and the Shadow Chancellor of the Exchequer Ed Balls presented a 5-point theory to recover from the economic downturn.

Defence Analyst Francis Tusa has claimed that the Libyan campaign can cost £1.75 billion to British government.

The Euro opened Tuesday away from its eight month low on the back of a report in Europe that leaders are considering 'beefing' up its bail out fund prompted short covering Reuters reports Tuesday.Asian currencies also rebounded after huge sales in the last two weeks, helping to ease the global worries of contagion from the Euro zone crisis. A group of the worlds 20 largest economies met this weekend to discuss the world's economic fears but were unable to offer anty concrete steps t...

Global Economic Crisis: What Britain Must Learn From the Canadian Success Story. David Cameron has begun talks with Canadian Prime Minster Stephen Harper in a bid to gain a united front and swift action with Canada to tackle the debt crisis sapping confidence out of the European and North American markets.

A leading British Alcohol Company is targeting the teenagers by advertising vodka through Facebook, says British Medical Association.

I was speaking to a young couple from Madrid a couple of weeks back. They were on a camping holiday, a treat paid partly by their respective parents. Things were very bad in Spain they told me and both were most concerned about getting work. The young lady said: "Everybody's going to either Madrid or Barcelona...Really the only two places in the country where you can find anything. It's not good in the north (of Spain) and the south is just devastated."

Margaret Hodge, MP and Chair of the Public Accounts Committee, has termed a project which initiates nine regional centres for fire and rescue services a 'complete failure.' She said that the FiReControl project had wasted £469 million.

Jaguar Land Rover is expected to announce Monday a plan to set up a £400m engine plant in the Midlands, creating more than 2,000 jobs, involving millions of pounds in investment in the supply chain.

German manufacturing corporation Siemens is likely to withdraw completely from the nuclear trade.

The UK economy has flat lined and with the threat of massive trade union strikes on November 30 of this year’s year both the public and economists are seriously considering whether David Cameron and Chancellor George Osborne have got their plan right. Has the UK moved down a road they can’t come back from or is it in fact that Ed Balls’ and the Labour Party plans simply are not credible?

Kingfisher announces to create over 1,200 jobs across the UK this year, as it expands its B&Q and Screwfix operation

The unemployment figures have reached at 7.9 per cent with youth unemployment rose harshly, by 78,000 to 973,000.

Inflation figures released Tuesday show that UK inflation has reached a three year high thanks to a huge rise in the cost of both utility and food bills.

David Cameron’s appearance in front of MP’s yesterday at the House of Commons Liaison Committee has done little to quieten the calls for a vote on continuing European Union membership within the ranks of his party.

Fourth September this year marked the first anniversary of the 7.1 Richter scale earthquake that struck the city of Christchurch at 04.35 local time. New Zealand's second largest city, and the largest in the South Island, the miracle was surely that despite extensive damage, no-one was killed in the quake. No doubt that the quake hit the area early on a Saturday morning helped make this possible.

RBS Group and HSBC have reportedly seen a surge in customers lodging grievances related to the sale of Payment Protection Insurance.

Donald Trump, the real estate tycoon spells extravagance and how!His recent buy is an amazing $100 million Boeing 757. Donald may have felt a space crunch in his previous boeing 747 and hence his new buy is twice the size of his previous jet. His assistant, Amanda Miller, stars in a 3-minute video tour pointing out all the little extras the plane has to offer.

Manchester United ltd has applied to the Singapore Exchange for approval to list in the city-state reports have said.

UK unemployment claims increased the most in two years adding pressure on UK Prime Minster David Cameron and Chancellor of the Exchequer George Osborne to rethink the speed at which they plan public sector cuts.

Glasgow will be taken over by zombies from Monday as filming gets under way on a new Brad Pitt movie.

Chinese media issue another withering assessment.

All those convicted of taking part in last week's riots from of looting or public order offences will be banned from shops in Manchester city centre for two years, the M.E.N reports.

News International has announced a full-year operating income of £3.08bn. The figures show a 12 per cent increase driven by the success in television and cable networking programming with BSKYB and Fox News performing well for the company.

British retailers face tens of millions of pounds in costs and losses

JD Sports Fashion has estimated the financial impact of the riots spreading across the country is most likely to be more than £10m for the retailer.

RBS shares dive, but chief executive calls for calm.

Financial Markets Meltdown: Will Britain Suffer?

UK Growth figures show that the economy grew between April and June with growth at 0.2 per cent in the last three months. The weak figure from the Office for National Statistics will put pressure on the government to boost growth. Chancellor George Osborne has said that the government will stick to its economic plan "in a world of very great uncertainty." There will now be growing calls from the shadow chancellor, Ed Balls, to adopt a plan B amid fears that the UK can't support the defi...