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...

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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...

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Pig Farming Crisis To Push Up Pork Prices

By Emma Birchley, Sky News Correspondent Supplies of British pork on shop shelves are under threat as pig farmers struggle to stay in business. Cripplingly high feed costs caused by global wheat and soya shortages have forced many farms to close...

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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....

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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...

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UK Economy: Workers Face A 'Hard Year Of Slog'

A number of reports are warning of a tough 2013 in the jobs market, with one study predicting it will be a "hard year of slog" for even those in work. Dr John Philpott, director of The Jobs Economist, believes workers can expect longer hours, a continued...

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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...

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Whisky: China's Rich Pay £200k For One Bottle

By Mark Stone, China Correspondent A Scottish whisky house has opened up a club in Beijing and is successfully selling whisky at prices ranging from almost £2,000 to a staggering £200,000 a bottle. Johnnie Walker House is described by Diageo, the...

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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...

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Pop-Up Shops Benefit From Empty High Street

By Lisa Dowd, Midlands Correspondent With 20 shops closing every day on Britain's high streets, some premises are being temporarily rented out for as little as £1 a week to pop-up businesses. One in six premises now stands empty compared with one...

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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 7.1 million shoppers are expected to hit the Boxing Day sales with one in 10 venturing out for a deal before 9am,...

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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...

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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...

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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%...

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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...

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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....

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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...

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BT Slapped With £95m Refund Bill

BT has been told it must repay almost £95m to corporate customers following a row over high speed data provision. The regulator Ofcom ruled the company had overcharged for Ethernet services and must hand back £94.8m to communication providers BSkyB...

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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...

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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....

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