Business

Pump-car

Low fuel costs causes drop in consumer prices

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Consumer prices in the US were pulled lower because of low gasoline prices, which eased inflation in the economy. According to the US Labor Department,...
Wellcome Trust Investment

Wellcome Trust makes £2.5bn thanks to Alibaba and JD.com

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British independent charity that funds research to improve human and animal health, The Wellcome Trust, made £2.5 billion on its investment portfolio valued at...
Royal Mail

Royal Mail was sold too cheaply, says a new report

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A report that Business Secretary Vince Cable had commissioned concluded the government sold Royal Mail for £180 million less than it could have. The...
Lloyds Banking Group

Lloyds shares to be sold, says HM Treasury

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The Chancellor George Osborne announced on Wednesday that more Lloyds Banking Group shares will be sold to private ownership so that the government can...
Wonga caps rates

Wonga caps loans at 0.8% per day, at FCA’s top limit

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Wonga has capped its loans at 0.8% per day from 1%, which is the top rate the FCA’s new rules, which come into effect...
uber

Baidu investing in Uber, entering car-booking market

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Baidu Inc. is going to invest in Uber Technologies Inc., a move that will give the Chinese web services company a larger presence in...
Margaret Hodge

Taxpayer bore whole risk from £10.5bn new train deal

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The UK taxpayer bore all the £10.5 billion risk when the Department of Transport bought new trains for the Thameslink project and for the...
PV Solar Panels

US implementing steep tariffs on solar products from China

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The United States announced it will implement steep tariffs on solar products from China and Taiwan, according to a statement from the Department of...
United Kingdom

UK grocery market recovers ever so slightly

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The British grocery market grew by 0.1% in the 12-week period ending December 7th, a report by Kantar Worldpanel informed on Tuesday, following the...
UK Inflation

Inflation plunges to 12-year low in UK due to oil price fall

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UK inflation fell to 1% in November - a 12-year low - compared to 1.3% in October, the Office for National Statistics (ONS) reported...