Weather: Economy Hit By Spring Snowstorm

By Nick Martin, Sky News Correspondent Britain's fragile economy has been hit hard as a result of the spring snowstorm with some businesses reporting a slump in trade. Some high street retailers say the cold snap kept customers away during what...

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Cyprus Banks: President Makes Rallying Call

Cyprus' president has called on the country to "share the burden" of its financial crisis - as bank withdrawal limits remained at 300 euros. President Nicos Anastasiades made a rallying call for understanding as queues formed outside banks on the Mediterranean...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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Cyprus Banks Finally Reopen But Anger Lingers

By Tom Parmenter, Sky News Correspondent in Cyprus Cyprus' banks have opened their doors after the longest enforced bank holiday in Europe's history. Queues grew outside branches across the country, with no signs of panic as employees limited the...

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Deloitte Boss Blames Law For Tax Avoidance

The chief executive of one of the big four accountancy firms, Deloitte, has blamed UK law for the money lost as a result of tax avoidance. Speaking on Jeff Randall Live, David Sproul admitted that the problem with the tax system is "mainly the law"....

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Weather: Economy Hit By Spring Snowstorm

By Nick Martin, Sky News Correspondent Britain's fragile economy has been hit hard as a result of the spring snowstorm with some businesses reporting a slump in trade. Some high street retailers say the cold snap kept customers away during what...

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Cyprus Banks In 'Race' Ahead Of Reopening

By Tom Parmenter, Sky News Correspondent in Cyprus Banks in Cyprus are in a "race against time" to be ready to reopen their doors today. For nearly a fortnight banks have been closed after Cyprus was plunged into its biggest crisis since the Turkish...

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Cyprus Imposes Limits Ahead Of Bank Reopening

Cyprus Bank Controls 'To Remain' Updated: 7:07pm UK, Wednesday 27 March 2013 By Ed Conway, Economics Editor Well that's a relief! The initial leaked documentation detailing how capital controls will work in Cyprus says they will only be temporary....

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TV Dragon Breathes New Life Into Jessops

TV Dragon Peter Jones has told Sky News he is taking a risk by relaunching collapsed high street camera chain Jessops but will give it his "best shot". The entrepreneur snapped up the brand when the company went into administration in January with debts...

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Banks Facing £60bn Capital Shortfall

Britain's banks are expected to be told they face a capital shortfall of up to £60bn as the Bank of England delivers its verdict on the strength of the sector. The Bank's Financial Policy Committee (FPC) will reveal the scale of the balance sheet pressure...

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Storm Sandy Costs Lloyd's Of London £1.4bn

Lloyd's Of London has bounced back into profit in 2012 after claims fell as a result of fewer natural disasters. The world's oldest insurance market said pre-tax profit increased to £2.77bn from a loss of £516m the year before. The strong figures come...

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Weather: Rush For Sunshine Intensifies

There has been a rush for sunshine holidays in the wake of record summer rainfall and the continuing winter. Europe's biggest tour operator, TUI Travel, told investors this morning that summer bookings were up by 9% in the UK over the six months to...

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Cyprus Facing 30% Unemployment Amid Crisis

By Tom Parmenter, Sky Correspondent, In Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive restructuring of the financial system, the inevitable loss of many investors and...

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Cyprus Crisis: Banks Shut Until Thursday

Cyprus Facing Jobless Total Of 30% Updated: 4:05am UK, Tuesday 26 March 2013 By Tom Parmenter, Sky Correspondent, In Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive...

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Dreamliner Test Flight 'According To Plan'

Boeing has said the first test flight of its Dreamliner since the fleet were grounded went according to plan. The US company's new lithium-ion battery was put to the test during the flight, as the US company attempts to demonstrate it meets regulatory...

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Cyprus Bailout Deal Wins Eurozone Approval

Cyprus has secured a 10bn euro (£8.5bn) bailout, saving the country from a banking system collapse and bankruptcy. In return for the rescue funds, Cyprus must restructure its banking sector under an EU-IMF plan approved by eurozone ministers earlier...

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Immigration: Cameron Says No Job, No Benefits

David Cameron is set to announce tough new measures to curb immigrants' access to housing and benefits, in an attempt to tackle the "something-for-nothing" welfare culture. The Prime Minister will use a keynote speech today to warn those coming to the...

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Airfares: Heavier Passengers 'Should Pay More'

Airlines should make heavier passengers pay more for their plane tickets and lighter ones less, it has been suggested. The controversial pay-as-you-weigh pricing scheme has been mooted by a Norwegian professor who argues that weight and space should...

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Thousands Of Jobs Saved As Blockbuster Bought

The troubled DVD and games rental chain Blockbuster has been bought, saving 2,000 jobs and 264 UK stores. Administrators from accountants Deloitte said restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum....

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Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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Cyprus Agrees 20% Tax On Bank Deposits

Politicians in Cyprus have reportedly agreed a new one-off levy on savers in order to secure a European bailout. The measures, yet to be confirmed by the country's President, include a 20% tax on savers with deposits over 100,000 euros at the country's...

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