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...
Rolls Royce reportedly shedding 400 jobs in its marine division
Rolls-Royce Holdings PLC is expected to announce 400 job cuts in its marine division later this week, according to a recent report published by the...
Supermarkets to begin charging 5p for plastic bags in the UK
Consumers across England will soon have to pay 5p per single-use carrier bag they use at major supermarket chains.
The new government scheme is part...
Volkswagen scandal will not hurt German industry reputation, says Merkel
In September 2015, the US Environmental Protection Agency found that Volkswagen had violated the Clean Air Act by circumventing environmental regulations illegally, i.e. cheating...
Charities to be monitored by new watchdog in UK
Large charities that operate in the United Kingdom may have to sign up to a new watchdog after the government agreed to take measures...
Air France is reportedly shedding 2,900 jobs
Air France KLM is reportedly shedding 2,900 jobs following unsuccessful talks with pilot unions.
The company didn’t say the exact number of jobs that will be...
Petrol is cheaper than diesel again in the UK
According to the RAC, the price of petrol in the UK has dropped back to a level cheaper than diesel.
The price of petrol dropped...
Swansea Bay’s tidal lagoon project delayed at least a year
Plans to develop the world’s first tidal lagoon at Swansea Bay in south Wales have been delayed at least a year as negotiations continue...