Result Page 446 for Latest Economy News & Archive

Chancellor George Osborne leaves 11 Downing Street to attend Prime Minister's questions at the Commons in central London

Eurozone Crisis: More Quantitative Easing “Inevitable”

The continuing eurozone crisis will mean that the Bank of England will “inevitably” print more money to keep the British economy afloat.

Engineers and Scientists Are Undervalued, Says Sir James Dyson

Experts should be given opportunities to lead the businesses of manufacturing and technology companies, says Sir James Dyson.

Big Price Drop: Tesco Slashes Prices for 3,000 Products

The supermarket giant believes that competitive pricing and new product launches will boost sales in the Christmas season.

Could Barack Obama be a Victim of the Eurozone Debt Crisis?

The eurozone crisis has already led to the toppling of two elected governments and their replacement with EU approved technocrats with a democratic mandate somewhat below that enjoyed by Robert Mugabe. With Barack Obama up for re-election next year, could the euro crisis even lead to the toppling of the so-called leader of the free world?

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The Bank of Korea, South Korea's central bank, for the second time this year, raised its holdings of gold in November as part of measures to diversify its portfolio of foreign exchange reserves. In a statement on Friday, the Bank of Korea said it purchase

Gold Recovers After Fall After Eurozone Debt Crisis

Spot gold rebounded today as a 2 per cent decline in the previous session attracted buyers however; debt issues in the euro zone and U.S. are expected to keep frailties in place.

British Gas’ £14 Billion Gas Deal With Statoil to Light up 3.5 Million Homes

Centrica enters in to £14 billion agreement with Norway’s Statoil which is expected to reduce energy problems of the UK.

A generic image shows the face of Queen Elizabeth seen on a five pound note alongside euro currency in London

New Report Sparks Hefty City Payouts Debate

The disparity between what top executives and average workers earn has been building for 30 years, the report has said.

Tesco Launches Festival Snack Collection

Tesco, the UK's biggest supermarket, has launched its festival snack selection named 'Crispas Dinner Collection' meant to capture the consumer delight. The complete meal selection is made of crisps and is available in different flavours.

Twelve Shopping Tips to Escape New Year Debt

Citizens Advice Bureau suggests 12 shopping tips to avoid unnecessary expenses.

Italy's Prime Minister Mario Monti talks on the phone during a vote of confidence at the Lower House of Parliament in Rome

Monti and an Italy in Tatters: A Daunting Agenda

Stand-first: Mario Monti has a tough task at hand – to shore up the finances of Italy which are a total shambles.

Vodafone Fined $82,000 for Misleading Advertisement

The promotion misled some customers who believed that the charges would be proportionate to the usage.

Park Outside Your Front Door - 57 Floors Up

Designs for a new multi-million dollar apartment complex in Florida will allow residents to drive their cars all the way to their front doors, even on the 57th floor.

Spain Elections: 'Lost Generation' Awaits Rescue

Having fought an election campaign for six months on a bitter message of austerity, the new Spanish Prime Minister and leader of the Popular Party, Mariano Rajoy, now faces the difficult part.

A Look at China and Hong Kong

Last week,China's National Bureau of Statistics released the welcome news that the Consumer Price Index (CPI) year-on-year rate of inflation to October 2011 had fallen to 5.5 per cent, markedly down from September's 6.1 per cent. The CPI had peaked at 6.5 per cent in July 2011.

BT Brings Back Overseas Work, Creates 300 Call Centre Jobs

The new roles will be permanent and will be based in West Bromwich.

Land Banking Scams Drain UK Investors of £200 Million: FSA

The Financial Services Authority (FSA) has warned UK investors against the property developers who offer land banks with future development prospects.

Merkel and Cameron Set for Berlin Clash Over 'Robin Hood Tax'

A tense meeting between German Chancellor Angela Merkel and British Prime Minister David Cameron will take place in Berlin as the pair thrash out their differences on a number of crucial issues.

EBay Unveils Pop-up Store in UK

The shop will be open for five days on an experimental basis during the first week of December.

Cameron Set to Meet Merkel Over Eurozone Crisis

The issue of Financial Transaction Tax, also known as Tobin Tax, is likely to dominate the talks.

MoD Diverted £600 Million Equipment Purchase Budget for Consultants: Report

The amount was spent for buying “technical support” for the department’s engineering and procurement project.

Treasury Tight Lipped on Airline Bosses' Calls to Scrap Air Passenger Duty Tax

The Treasury is refusing to give a direct response to a plea by four airline chiefs to scrap Air Passenger Duty (APD).

Prosecutors Seek to Revoke Probation for BP

The 2009 oil spill was considered "completely predictable and absolutely preventable".

Richard Branson's Virgin Money Buys Northern Rock

State-owned Northern Rock sold to Richard Branson's Virgin Money in a £747 million deal.

Centrica Expects Fall in Profits Due to Mild Weather

Energy consumption is expected to be lower thanks to a slow start of winter this year.

500 Jobs to be Axed as Rio Closes UK Aluminium Smelter

The company blames stringent emission policies of the EU environment legislation for the decision.

Borrowing Could Cross £100 Billion by 2015, Warns Labour

The estimate also predicts the borrowing target may go up to £34 billion in 2013-14 and £42 billion in 2014-15

British Gas Planning Massive Jobs Cull, 850 Roles to Go

Unions raise fears of a boiler breakdown during winter as the cuts will mostly reflect on the company's service arm.

Call For More Support Services as UK Youth Unemployment Tops 1m

Jobless figures for those in the 16 to 24 year-old category have pushed youth unemployment to1.02million prompting calls for extra support services.

Bank of England Slashes Economic Growth Forecasts in Half

Growth for 2011 and 2012 will only be no more than 1 per cent says the Bank of England.

Record Applicants for Royal Mail’s Christmas Job

Number of applicants for the seasonal jobs in Royal Mail has increased.

UK Families Living With £10,604 Debts

Average UK families are finding it difficult to enjoy their luxuries due to rising prices and increasing debts.

UK Households Throw Away Less Food, Report 13% Reduction in Food Waste

UK household food waste generation down 13 percent over the last three years.

German Chancellor’s Ally Warns UK over Tobin Tax

Senior Ally of Angela Merkel has warned UK not to look at your own interest at the cost of Europe.

European flags are seen outside the European Commission headquarters in Brussels

Eurozone Crisis: Greece-Goldman Deal That Sparked Debt Mayhem Not Repeated

There are no more debt-masking currency swap deals - like the one between Greece and Goldman Sachs in the early 2000s - that threaten the Eurozone, says the EU's statistical body.

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