UK Business News


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An investigation in America has found that senior managers at Lehman Brothers hid 50 billion dollars from its balance sheets in an attempt to conceal the true state of the company’s finances.
Business Secretary Lord Mandelson has announced a 300m-euro ($412m; £270m) loan guarantee to the European arm of General Motors (GM).
The UK and France have agreed that there is a need to co-ordinate a “global approach” to dealing with banks and to ensure economic recovery, Gordon Brown has said.
Willie Walsh, British Airway’s chief executive, says an offer which the Unite union says could halt strike action is “no longer available”.
British Airways cabin crew will go on strike for three days from 20 March and for four days from 27 March.
The Indian government has increased its infrastructure spending by 24% this year in the hope of improving roads, ports and bridges.
Mexican telecom giant Carlos Slim has topped Forbes magazine’s billionaire’s list – the first time since 1994 that an American has not led the rankings.
Journalists Anne McElvoy and Simon Hoggart on the budget and financial hints from Chief Secretary to the Treasury Liam Byrne in his Daily Politics interview with Andrew Neil.
The ad man’s ad man Martin Sorrell on why it’s time for politicians to get their act together.
The state US President Barack Obama once called home has announced education cuts of more than £1bn in an effort to stave off further financial problems.


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The British insurance industry footed a bill of £650 million this winter as people in the UK endured the coldest winter for 30 years. The Association of British Insurers (ABI) said that UK insurers had received more than 335,000 claims from customers who had suffered damage to their homes, businesses and …
New York authorities have agreed to pay US$657.5 million (£434m) to workers at Ground Zero who have suffered ill-health due to the dust created by the September 11 World Trade Centre attacks, 2001. More than 10,000 people have been affected by the toxic smoke and dust mix that was created when …
The National Trust is offering a free jar of fresh air for stressed office-bound city workers in the UK after its research showed that 70% find escaping the city relaxing. Its survey on stress showed that sunshine is not enough to lift the populations spirits, with three quarters (74%) of UK …
According to the Council of Mortgage Lenders (CML), the number of house purchase loan applications fell sharply in England and Wales during January 2010. In the survey published today (12 March), the CML stated that mortgages dropped by 49% in January compared with December 2009. CML attributes the steep drop in mortgages …
Teachers will not be barred from joining organisations such as the British National Party (BNP), according to an independent inquiry into racism and teaching, as it would be “a disproportionate response, taking a very large sledgehammer to crack a minuscule nut.” The government called for an independent inquiry into how to …

 
 
 
 
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