French Court Rejects 75% Tax Rate For Rich

French president Francois Hollande has suffered a fresh setback as the country's highest court threw out his plan to tax the ultra-wealthy at a 75% rate, saying it was unfair. It had been one of the flagship campaign promises of Mr Hollande's election...

12.06 | 0 komentar | Read More

Fiscal Cliff: Differences Remain As Deadline Looms

Leaders in the US Senate are attempting to strike a last-minute deal to avoid huge tax hikes and spending cuts set for January 1. Economists warn the $500bn in fiscal pain due to hit in the New Year could send the country back into recession, and destabilise...

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Fiscal Cliff: Obama 'Optimistic' After Talks

Barack Obama has called for "immediate action" to avoid the so-called fiscal cliff after urgent talks with Congressional leaders. He urged politicians to agree a deal, saying: "The hour for immediate action is here. It is now." He said he remained...

12.06 | 0 komentar | Read More

Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

12.06 | 0 komentar | Read More

Hector Sants: Ex-FSA Chief Awarded Knighthood

The man tasked with regulating the City in the run-up to the near-collapse of the UK banking system has been knighted in the Queen's New Year Honours. Former Financial Services Authority (FSA) chief executive Hector Sants has been recognised for services...

12.06 | 0 komentar | Read More

Fiscal Cliff: Obama 'Optimistic' After Talks

Mr Burns Explains The Fiscal Cliff Updated: 3:03pm UK, Friday 07 December 2012 The Simpsons character Mr Burns has managed to explain the "fiscal cliff" with a pithy cartoon. It may be a complex and political concept, but with the use of a simple...

12.06 | 0 komentar | Read More

Online Shopping Surges Over Xmas

Internet retail sales are on course to have risen 30% over the Christmas period as shoppers moved to bag a bargain from home and beat sale queues. Figures from market data firm Experian suggest Boxing Day set a new British record for online shopping....

12.06 | 0 komentar | Read More

Fiscal Cliff: Obama Calls Leaders To White House

Opinion: President Obama Must Find Diplomacy Skills Updated: 3:58pm UK, Thursday 27 December 2012 By David Buik, Cantor Index President Obama and his charming wife Michelle recently posed for Christmas holiday photographs in Hawaii – all chilled...

12.06 | 0 komentar | Read More

Boxing Day Sales: Record-Breaking Surge

Boxing Day sales records have been smashed after shoppers sent tills into meltdown across Britain. Bargain-hunters queued overnight in preparation for stores opening this morning, with thousands pouring through the doors from as early as 6am. Forecasters...

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Graphene: Super Funds For Super-Material

Investment funds totalling £21.5m are going to some of Britain's top universities to develop commercial uses for the "super-material" graphene. Manchester University academics Andre Geim and Konstantin Novoselov won the 2010 Nobel Prize in Physics for...

12.06 | 0 komentar | Read More

Belgian Chocolate: Is Its Reputation Melting?

By Robert Nisbet, Europe Correspondent Belgium's reputation as the world's chocolate capital could be melting as emerging markets develop a sweet tooth and the recession continues to bite. The region became the base for the industry shortly after...

12.06 | 0 komentar | Read More

Boxing Day Sales: Millions Of Shoppers Expected

Shops up and down the country are expected to be swamped by millions of bargain-hunters after an early push by online retailers. Up to 7.1m shoppers are expected to hit the Boxing Day sales with one in 10 venturing out for a deal before 9am, according...

12.06 | 0 komentar | Read More

Belgian Chocolate: Is Its Reputation Melting?

By Robert Nisbet, Europe Correspondent Belgium's reputation as the world's chocolate capital could be melting as emerging markets develop a sweet tooth and the recession continues to bite. The region became the base for the industry shortly after...

12.06 | 0 komentar | Read More

Christmas Day Online Sales Surge Predicted

Bargain season begins in force today as online retailers slash prices ahead of an expected onslaught of consumers hitting the high street for the traditional Boxing Day sales. Amazon's UK website said it had seen sales on Christmas Day increase by 263%...

12.06 | 0 komentar | Read More

BAE Systems Strikes £2.5bn Deal With Oman

By Alistair Bunkall, Defence Correspondent A deal worth £2.5bn has been completed between British defence manufacturer BAE Systems and Oman. It will see BAE provide the Gulf state with 12 Eurofighter Typhoon aircraft and eight Hawk training jets....

12.06 | 0 komentar | Read More

House Prices Predicted To Edge Down In 2013

House prices across the country fall by 1% during 2013 as the London market shows signs of cooling, property analysts have said. Prices fell 0.1% month-on-month in December, marking the sixth month in a row that this has happened, and average prices...

12.06 | 0 komentar | Read More

BAE Systems Strikes £2.5bn Deal With Oman

By Alistair Bunkall, Defence Correspondent A deal worth £2.5bn has been completed between British defence manufacturer BAE Systems and Oman. It will see BAE provide the Gulf state with 12 Eurofighter Typhoon aircraft and eight Hawk training jets....

12.06 | 0 komentar | Read More

Shoppers Queue For Start Of Christmas Rush

By Tadhg Enright, Business Correspondent Shoppers queued outside stores and car parks were full to capacity at malls across the country on the last full shopping day before Christmas eve. Today is forecast to be the busiest day of the year in shopping...

12.06 | 0 komentar | Read More

UK Economic Growth Less Than Expected

Britain's growth figure for the third quarter has been revised to 0.9% by the Office for National Statistics. That is down from their previous estimate of 1%. Britain's dominant services sector posted meagre growth in October, adding to the challenge...

12.06 | 0 komentar | Read More

BAE Systems Strikes £2.5bn Deal With Oman

By Alistair Bunkall, Defence Correspondent A deal worth £2.5bn has been completed between British defence manufacturer BAE Systems and Oman. It will see BAE provide the Gulf state with 12 Eurofighter Typhoon aircraft and eight Hawk training jets....

12.06 | 0 komentar | Read More

Banks Face Break-Up Over Risky Trading

By Poppy Trowbridge, Business and Economics Correspondent UK banks face break-up if they fail to follow new rules protecting high street operations from riskier trading. The Parliamentary Commission on Banking Standards today published a report...

12.06 | 0 komentar | Read More

CRB Check Rules To Be Relaxed By Home Office

Millions of employees and volunteers will no longer have to apply for a new criminal records check every time they apply for a job, the Home Office announced today. Individuals will only need to apply once to the Disclosure and Barring Service (DBS)...

12.06 | 0 komentar | Read More

Tax Row: McDonald's Calls For Review Of Law

The managing director of McDonald's in the UK has said Britain's corporation tax rules need to be addressed. Speaking on Jeff Randall's Christmas Dinner, Jill McDonald warned that the continuing row over the amount of corporation tax companies pay could...

12.06 | 0 komentar | Read More

Energy Bill Breakdown Demanded By MPs

Energy firms should be forced to inform every customer what proportion of their bills will contribute to the supplier's profits, MPs are demanding. The cross-party Energy and Climate Change Committee called for householders to be given a breakdown of...

12.06 | 0 komentar | Read More

Investigation Launched Into Comet Collapse

The Department for Business, Innovation and Skills has launched an investigation into the purchase and administration of troubled electrical chain Comet. The Insolvency Service has been tasked with scrutinising the process following a number of...

12.06 | 0 komentar | Read More

Nissan To Build Luxury Car Model At UK Plant

Car giant Nissan is to build a new luxury model in the UK, creating 1,000 jobs with a £250m investment. The new global model will be manufactured at the Japanese firm's plant in Sunderland, which employs 6,000 workers. The car, built under Nissan's...

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Taxpayer Faces £50m Bill For Comet Collapse

Comet's 50 remaining stores are trading for the final time after administrators failed to find a buyer for the electrical retailer. The collapse of the firm, founded in Hull in 1933 and which employed around 6,895 people at the time of its collapse,...

12.06 | 0 komentar | Read More

HMRC Missed Calls Cost Taxpayer £136m A Year

Delays in answering phonecalls to HM Revenue and Customs hotlines cost the taxpayer £136m in the last year. According to the National Audit Office (NAO) report, delays cost customers £33m in call charges while they waited for HMRC to answer the phone...

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EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

12.07 | 0 komentar | Read More

Fuel Poverty Warning For 300,000 More Homes

A further 300,000 people will be pushed into fuel poverty by Christmas because of the latest round of energy price hikes, an advisory body has warned. The Fuel Poverty Advisory Group (FPAG) said the latest round of energy price rises has increased the...

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Open University To Go Global With Online Courses

The Open University (OU) has launched a campaign to take distance learning global - as it attempts to catch up with online course offered by US colleges. The OU has teamed up with 10 British universities in a venture called FutureLearn. The plan is...

12.06 | 0 komentar | Read More

EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

12.06 | 0 komentar | Read More

Open University To Go Global With Online Courses

The Open University (OU) has launched a campaign to take distance learning global - as it attempts to catch up with online course offered by US colleges. The OU has teamed up with 10 British universities in a venture called FutureLearn. The plan is...

12.06 | 0 komentar | Read More

EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

12.06 | 0 komentar | Read More

UBS Faces $1bn Fine Over Libor Manipulation

UBS is expected to be hit with a fine of around $1bn to settle Libor manipulation charges. The total amount - worth around £620m - will be a combined penalty from US and UK regulators, and is expected to be confirmed early next week. UBS declined to...

12.06 | 0 komentar | Read More

Queen Asks Bank Bosses About Financial Crisis

The Queen has finally had her question answered on why nobody saw the financial crisis coming during a visit to the Bank of England. Four years ago, during the height of the global crisis, the Queen famously asked: "Why did nobody notice it?" While...

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