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May 18th
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Economy

Joblessness to hit 3m mark in Britain

Joblessness to hit 3m mark in Britain

A leading business group has predicted that unemployment will increase to almost three million next year in Britain, where the economy is still facing "serious challenges".

 

UK energy bills to increase for a decade

UK energy bills to increase for a decade

The head of British Gas has warned that the British nationals would face huge increase in energy bills including gas and electricity, following green taxes and upgrading ...

BP to pay £4.9bn over Gulf oil spill

BP to pay £4.9bn over Gulf oil spill

The British oil company, BP Plc , has agreed to pay £4.9 billion to thousands of people and businesses hit by 2010 Gulf of Mexico oil spill.

US forces Dubai bank to end Iran transactions

US forces Dubai bank to end Iran transactions

The United States has forced a Dubai bank to end all business dealings with Iran in line with efforts to force the Islamic Republic into freezing its nuclear energy progr...

Fraudulent conduct costs EU 600mn euros each year: Official

Fraudulent conduct costs EU 600mn euros each year: Official

A senior European Commission (EC) official says the European Union loses some 600 million euros ($800 million) per annum over fraud.

World Bank is poison for China, protester says

World Bank is poison for China, protester says

A Chinese political activist has sharply criticized the World Bank’s report that says China should privatize its state-owned businesses, describing it as “poi...

S&P downgrades Greece's sovereign credit rating to selective default

S&P downgrades Greece's sovereign credit rating to selective default

Standard & Poor's Ratings Services has downgraded Greece’s sovereign credit rating to 'selective default' in response to the country’s decision to involve the...

Oil prices jump in global markets over warning by Iran

Oil prices jump in global markets over warning by Iran

Global oil prices continue their upward spiral, climbing to their highest levels in nine months over Iran’s warning that it may cut off oil exports to more European...

Bans on Iran oil imports will shock global economy: Iranian MP

Bans on Iran oil imports will shock global economy: Iranian MP

An Iranian lawmaker has warned that if the recent US-engineered sanction on Iranian oil sector enters into force, it will deliver a “great shock” to the globa...

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