62 billionaires own as much wealth as poorest half of world population
A new report reveals that 62 billionaires, 53 of them men, own as much wealth as the poorest half of the world’s entire population.
The...
Tata Steel slashing a further 1,050 jobs in the UK in latest round of...
Tata Steel is slashing a further 1,050 jobs in the UK in its latest round of job cuts, representing yet another blow to the...
Bank of England bans former Co-op Bank boss from senior banking roles
The Bank of England has banned former boss of Co-op Bank, Barry Tootell, from senior roles in the banking sector after jeopordising the future of...
BHP Billiton announces $7.2 billion impairment charge of US shale assets
Anglo-Australian multinational mining giant BHP Billiton announced an impairment charge of $7.2 billion against the carrying value of its onshore US shale assets.
The write-down...
National anthem change for England at sports events to be debated
Parliament is to debate whether there should be a national anthem change for England at sports events. ‘God Save the Queen’ is the United...
Cameron pledges to improve some of England’s worst council estates
Prime Minister David Cameron has pledged to regenerate some of England's worst council estates. The PM is expected to outline a series of proposals...
FCA denies bank leniency after dropping reviews
Temporary CEO of the FCA (Financial Conduct Authority), the UK’s main financial regulator, denies bank leniency after deciding in December to abandon a wide-ranging review...
Saudi Arabia considering IPO of state owned oil giant ‘Aramco’
Saudi Arabia is considering to go ahead with an initial public offering (IPO) of its state-owned giant oil company, Saudi Arabian Oil Co., or...
Major Shell investor opposes proposed takeover of BG Group
Standard Life Investment, a major shareholder in Royal Dutch Shell, said that it opposes the oil company's proposed takeover of BG Group.
The investment firm is...
UK trade deficit narrowed in November
The UK’s trade deficit narrowed in November thanks to low oil prices and cheaper imports.
According to the Office for National Statistics, the UK trade...