New £4.5mn trains from London to Cardiff slower than 40 years ago, transport union...
The Rail, Maritime and Transport union claims that new £4.5 million trains running from London to Cardiff will be slower than the trains provided...
IMF cuts global growth forecast to 3.1% in 2015 and 3.6% in 2016
The International Monetary Fund cut its global growth forecasts again and warns that "global financial stability is not yet assured”.
The IMF expects the global...
Good August manufacturing figures boost British pound
After a July slump of -0.7%, UK manufacturing was +0.5% up in August, according to figures published by the Office for National Statistics (ONS)...
Next global meltdown looming closer, warns IMF
The chances of another global financial meltdown are increasing significantly, the International Monetary Fund (IMF) warns. It is no longer a question of whether...
EU takes aim at migrant smugglers
The EU (European Union) has activated Operation Sophia, a coordinated military operation aimed at catching migrant smugglers by intercepting their boats in the southern...
Tesco’s half year profits more than halved
Tesco reported a big drop in profits for the first half of its financial year, despite a slight improvement in like-for-like sales.
The UK’s largest supermarket...
UK wind energy sector generated £1.25 billion for the economy last year
A total of £1.25 billion was invested into the UK economy last year because of wind energy, according to a new industry report by...
Wall Street facing worst year since 2008
Not since the death of Lehman Brothers in 2008 has Wall Street had such a bad year. Experts say 2015 is set to be...
BP to pay $20.8 billion in fines for Deepwater Horizon oil spill
BP plc agreed to pay a record $20.8 billion to the US government to settle claims that stem from damages caused by the 2010...
Government to sell £2 billion stake in Lloyds to the public
The UK government announced that it plans to sell £2 billion worth of Lloyds shares to retail investors next spring.
The sale would see the bank...