US Economy Misses Forecasts In Last Quarter

The US economy has expanded at a rate below that forecast by economists, the latest official figures have shown. Although economic growth regained speed in the first quarter, it was not as much as expected, heightening fears the already weakening economy...

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Spain Slashes Economic Growth Forecasts

The Spanish government has forecast that the economy will contract by more than expected in 2013, but will return to growth next near. The country's deputy prime minister said its gross domestic product (GDP) would shrink by 1.3% in 2013 - down from...

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Winston Churchill To Appear On New £5 Notes

Former British prime minister Sir Winston Churchill is to appear on the next banknotes, it has been announced. Bank of England Governor Sir Mervyn King revealed the image of Churchill which will be used to members of his family at his former home, Chartwell,...

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Spain's Jobless Rise 'Worse Than Feared'

Spain's unemployment rate soared to 27.2% in the first quarter of the year, worse than economists had predicted. The official figures revealed that the number of those without jobs surpassed six million for the first time - with 237,400 people added...

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Samsung Galaxy S4: Supply Chain Problems

Samsung has blamed "unexpectedly" high demand for supply problems that are delaying the roll out of its latest smartphone. Mobile networks Sprint and T-Mobile said the Galaxy S4 would go on sale later than expected because of a delay in shipments. ...

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UK Economy Avoids Triple-Dip Recession

The UK economy returned to meagre - but better than forecast - growth in the first quarter of 2013, averting the prospect of a triple-dip recession. According to the first estimate of GDP by the Office for National Statistics (ONS) there was overall...

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Barclays Profits Fall 25% Amid Restructuring

Barclays endured a 25% fall in first quarter profits as £514m of restructuring costs weighed heavily. The bank reported an adjusted pre-tax profit for the three months to March of £1.79bn, down from £2.4bn a year ago, just below analysts' expectations....

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Chinese Hacking Suspects 'Back In Business'

By Alistair Bunkall and Mark Stone, Sky News A group of Chinese hackers suspected of being behind a cyber-attack on the New York Times earlier this year may be restarting their campaign. BAE Systems, the defence contractor, says it has unearthed...

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Co-Op Deal To Buy Lloyds Branches Collapses

Lloyds Banking Group's sale of more than 600 branches to the Co-operative Group has fallen through. The Co-op - which pulled out of the £800m deal - said it was "not in the best interests of the Group's members" at the present time. "This decision...

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Cyber Attacks On UK Businesses 'Soaring'

The number of cyber attacks hitting businesses has soared in the past year, Government-commissioned research has revealed. The survey showed 87% of small firms - up 10% - experienced a security breach last year and 93% of large organisations had also...

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EE Reports 'Strong Demand' For 4G

EE - which owns the Orange and T Mobile brands - has said almost 320,000 customers have signed up for its 4G services. It is the first time Britain's largest mobile network operator has given subscriber numbers since it launched its super-fast broadband...

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Public Sector Borrowing Falls

The total amount of public sector net borrowing has fallen to £120.6bn over the last financial year, according to the Office for National Statistics. The figure - which excludes the cost of bank bailouts and a boost from the Royal Mail pension assets...

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Ofgem Changes: Warning Over New Energy Tariffs

More than three million households could be paying more than they need to under new energy tariffs proposed by Ofgem, according to new research. The consumer group Which? estimates energy customers could face bills of an extra £55m in total. Ofgem's...

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Dreamliner: Boeing Installs New Batteries

Boeing has begun installing reinforced lithium ion batteries in some of its grounded Dreamliner planes. The batteries in five jets owned by All Nippon Airways (ANA) are being replaced, and Japan Airlines is installing the equipment in two of its seven...

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Bosses Demand A Better Deal With The EU

Hundreds of British business leaders have called on the coalition to negotiate a better deal for Britain with the European Union. David Cameron has vowed to claw back powers and then offer voters a choice of staying in the EU in a referendum by the...

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Fitch Strips UK Of AAA Rating On Debt Outlook

Ratings agency Fitch has stripped the UK of its AAA rating, citing a "weaker economic and fiscal outlook". The agency placed the UK on an AA+ rating, following Moody's downgrade of UK debt in February. A Fitch statement said: "The downgrade of the...

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Yahoo! Ditching Chinese Email Service

Yahoo's Chinese arm is shutting down its email service later this year, highlighting the brand's diminishing profile in the country. China Yahoo! said it would close its email service by August 19, a move that will leave it with just its web portal...

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George Osborne Urged To Rethink Economic Plan

Lagarde's Support For Osborne Updated: 4:29pm UK, Saturday 20 April 2013 By Ed Conway, Economics Editor A few weeks ago, eagle-eyed Twitter users would have noticed a rather unusual tweet from one household name to another. "Welcome to Twitter...

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