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Boeing announces 300 China orders and commitments

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Boeing announced agreements for 300 China orders & commitments today after welcoming Chinese President Xi Jinping to its wide body commercial airplane factory. The aerospace...
China's President Xi Jinping

President Xi wants to strengthen China-US business relations

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Chinese President Xi Jinping said that he will do what it takes to strengthen the business relations between China and the US. Xi told 30 corporate leaders...
The City

London overtakes New York as the world’s financial centre

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London is the world’s financial centre, according to a recent survey of industry professionals. The city overtook New York in terms of business environment, quality...
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Volkswagen CEO resigns amid emissions cheating scandal

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Martin Winterkorn is resigning as chief executive of Volkswagen following a huge emissions test scandal that could cost the company billions of dollars in...
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UK public sector borrowing rose to £12.1 billion in August

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The global economic slowdown has hit the UK economy. According to the ONS, public sector net borrowing was £12.1 billion in August - about...
Lidle and Aldi

Over half of British households now shop at Aldi or Lidl

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The German discount retailers Aldi and Lidl have seen a surge in popularity over the past few years. According to the latest figures, more...
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Osborne wants to link UK and Chinese stock markets

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Chancellor George Osborne wants to forge a “golden relationship” between the UK and China. Part of this effort involves linking British stock markets with those...
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Groupon shedding 1,100 jobs and pulling out of 7 countries

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Groupon, the discount e-commerce marketplace, announced that it is shedding 1,100 jobs and ceasing operations in seven markets internationally. The decision was made to help...
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Northern Ireland bans GM crops

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Northern Ireland has just banned the growing of genetically modified (GM) crops. Mark H Durkan, Stormont’s environment minister, said that he was "unconvinced of the...
Pledge to shift from fossil fuels

Progress in reducing fossil fuel subsidies is “alarmingly slow”

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Global progress in cutting fossil fuel subsidies is “alarmingly slow”, the Organisation for Economic Cooperation and Development (OECD) warned on Monday. A subsidy is money...