News

Oil price drop

UK oil industry is on verge of collapse, says industry leader

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Chairman of Brindex, the UK’s independent explorers’ association, Robin Allan, says the UK oil industry is “close to collapse.” In an interview with the...
UK November Retail Sales

UK retail sales posted 10-year record growth in November

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UK retail sales in November grew by 6.4% year-on-year, the highest increase in the quantity bought since May 2004, the Office for National Statistics...
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...
Avon logo

Avon China pleads guilty to bribing local officials

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Avon China, the Chinese subsidiary of Avon Products Inc., has pleaded guilty to bribing local officials to sell products to the country’s consumers. The...
FedEx logo

FedEx posts weak Q2 earnings, stock plunges

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FedEx posted earnings of $2.14 per share, missing market predictions of $2.19. The company reported revenue of $11.90 billion for the quarter, up 4.4%...
Greg Rickford, Natural Resources Minister

Tar sands oil veto attempt fails in European parliamentary vote

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Canadian energy companies and the government cheered with joy while green campaigners expressed their dismay after an attempt by a number lawmakers failed to...
Hacker proof credit cards

Fraud proof credit cards using quantum physics developed in the Netherlands

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Using a system based on quantum physics, dubbed Quantum Secure Authentication, it will soon be possible to make credit cards and ID cards fraud proof,...