February 18, 2013
Pound continues to weaken against dollar and euro
Sterling has continued to weaken against the dollar and the euro on continued worries about the health of the UK economy. Against the dollar, sterling fell to a seven-month low, and against the euro it was nearing a 15-month low. The falls came…
February 18, 2013
Heathrow airport hits record 70 million passengers
A record 70 million passengers used Heathrow last year, boosting the airport's revenues by 8% to £2.46bn. The airport, the UK's busiest, is operating at close to capacity, with 471,341 flights during 2012, just below the legal limit of 480,000 a…
February 11, 2013
Euro strength to top finance ministers’ meeting
France is set to voice concerns about the strength of the euro at a meeting of eurozone finance ministers later. French Finance Minister Pierre Moscovici is worried that the rising single currency is making the country's goods less competitive. The…
February 11, 2013
Barclays misled shareholders about source of £3bn
Barclays misled shareholders and the public about one of the biggest investments in the bank's history, a BBC Panorama investigation has found. The bank announced in 2008 that Manchester City owner Sheikh Mansour had agreed to invest more than……
February 11, 2013
Apple, Microsoft and Adobe summoned by Australia
Technology giants Apple, Microsoft and Adobe have been called by the Australian parliament to appear before a committee looking at pricing levels. The House of Representatives launched a probe in July last year to see if some goods were more…
February 11, 2013
Venezuela devalues currency by 32% against the dollar
Venezuela has cut the value of its currency against the US dollar by 32%, in an effort to boost its economy. The widely expected measure ramps up the official exchange rate of the bolivar from 4.3 to 6.3 per US dollar. It was announced after…
February 11, 2013
EU leaders agree 3% budget cut deal in Brussels
EU leaders have reached an agreement on the budget for 2014-20 after lengthy talks in Brussels. European Council President Herman Van Rompuy announced the deal and said in a statement it was "worth working for". The new budget ceiling amounts to…
February 11, 2013
Boeing warns customers of 787 Dreamliner delays
Boeing has warned customers awaiting delivery of new 787 Dreamliners to expect delays, amid a continuing investigation into their safety. Deliveries of the planes in the near future have either been delayed or are at risk of postponement, the…
February 4, 2013
Obama Calls for Balanced Approach on the Economy
U.S. President Barack Obama has called on lawmakers to work together on a balanced approach to reduce the deficit and promote economic growth.The president said in his weekly address Saturday it is "critical to cut spending." He said, however, "we…
February 3, 2013
Pound sees biggest one-day fall against euro since 2010
The pound has continued to weaken against the euro, seeing its biggest one-day fall in almost three years, on continuing signs that the worst may be over for the eurozone economy. At one point on Friday, sterling fell 1.8% against the single…