Watchdog Urges Faster Energy Tariff Reform

The energy watchdog's proposals for a "simpler and fairer" energy market have drawn a mixed response from consumer groups, as the regulator called on suppliers to adopt them "as quickly as possible". Regulator Ofgem has told suppliers to limit themselves...

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Diesel Drivers 'Get Worse Deal' In Fuel War

The cost of filling up at the pumps has edged up over the last month, with diesel drivers getting a worse deal than those using petrol, according to new figures from the AA. The average price of petrol in the UK has risen from 133.35p a litre in mid-May...

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Viagra 'Price Drop' As Drug Patent Expires

The cost of Viagra could drop dramatically from today as the UK patent for the drug expires. The male erectile dysfunction drug, manufactured by American firm Pfizer in Ireland, must now compete against dozens of generic competitors. There are some...

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Shares Fall As Fed Plans To Slow Bond-Buying

World stock markets have lost more ground after the US Federal Reserve signalled it was moving closer to slowing its bond-buying programme. The Fed offered a more optimistic outlook for the US economy and job market but said it would maintain the pace...

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Watchdog Urges Faster Energy Tariff Reform

The energy watchdog's proposals for a "simpler and fairer" energy market have drawn a mixed response from consumer groups, as the regulator called on suppliers to adopt them "as quickly as possible". Regulator Ofgem has told suppliers to limit themselves...

16.01 | 0 komentar | Read More

Clashes In Brazil As One Million March

The Brazilian government will hold an emergency meeting later amid spiralling protests over alleged corruption and high prices which have seen one million people take to the streets. The demonstrations, which have spread to more than 80 cities across...

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Chancellor Unveils Plan For State-Owned Banks

George Osborne has unveiled Government plans for the future of state-owned banks during his annual speech on the state of the UK economy. In his remarks at Mansion House in London, the Chancellor said the Treasury was considering steps to return Lloyds...

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Regulator Reveals £27.1bn UK Bank Shortfall

A City regulator has revealed the capital holes at UK banks total £27.1bn - with Royal Bank of Scotland (RBS) facing the biggest shortfall. The Prudential Regulation Authority (PRA) said that while the collective 'black hole' was more than the £25bn...

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UK Retail Sales Jump On Discounting

UK retail sales jumped in May as supermarket discounting and online business drove a better than expected performance for the sector. The Office for National Statistics (ONS) said that volumes rose 2.1% in May following a 1.1% fall the previous month...

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Bankers Should Face Jail Terms, Report Says

By Mark Kleinman, City Editor A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary...

16.02 | 0 komentar | Read More

Cable Presses For RBS Bonus Link To Lending

By Mark Kleinman, City Editor Vince Cable is to push for the new boss of Royal Bank of Scotland (RBS) to have his pay more closely-tied to its small business lending amid intensifying debate about its future. Speaking to Sky News, the Business...

16.02 | 0 komentar | Read More

Dreamliner Diverted In Latest Boeing Setback

A Boeing 787 Dreamliner has landed safely after being diverted when pilots were made aware of a potential oil filter problem. In the latest of a series of setbacks for the new model, United Airlines said a Dreamliner on its way to Tokyo from Denver...

16.02 | 0 komentar | Read More

Child Abuse Online: Web Firms To Attend Talks

By Sophy Ridge, Political Correspondent Leading internet companies have been summoned to a Westminster meeting in an attempt to crack down on child abuse online. Firms including Google, Microsoft and Facebook will attend a summit called by Culture...

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Record Air Fare Rises Push Inflation Higher

The annual rate of inflation was driven higher than expected in May as air fares rose by record levels, according to the Office for National Statistics (ONS). The rebound to 2.7% - which followed a surprise dip to 2.4% in April - was also blamed on...

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G8: Cameron Prepares For Tax Evasion Battle

By Ed Conway, Economics Editor Fears are growing that David Cameron's plans to use the G8 to battle tax evasion could end in disappointment, as it emerges that his most ambitious objectives are being opposed by other world leaders. The Prime Minister...

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