Low fuel costs causes drop in consumer prices
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 makes £2.5bn thanks to Alibaba and JD.com
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 was sold too cheaply, says a new report
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 shares to be sold, says HM Treasury
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 China pleads guilty to bribing local officials
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 posts weak Q2 earnings, stock plunges
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%...
Tar sands oil veto attempt fails in European parliamentary vote
Canadian energy companies and the government cheered with joy while green campaigners expressed their dismay after an attempt by a number lawmakers failed to...
Fraud proof credit cards using quantum physics developed in the Netherlands
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,...
Husky Energy drastically cuts capital spending for 2015
Calgary-based Husky Energy Inc. announced on Wednesday that its capital spending plans for 2015 will be one third lower than in 2014. It is...
Petrol below £1 is highly likely, says RAC
The RAC is betting on petrol soon falling to below £1 per litre as global oil prices, which have declined by over 44% since...