News archive from 30 August 2013

BoE's Carney says uncertainty about RBS' future must end

Britain's government ploughed 45.8 billion pounds into RBS to save it from collapse in 2008, and now holds an 81 percent stake. Carney would not be drawn on whether he thought RBS should be split into a 'good' bank and a 'bad' bank - something...

Reuters, 00:07 in Business
 

IMF says not talking about new programme for Greece

Greece has already been bailed out twice since 2010 with 240 billion euros worth of agreements coordinated by the European Central Bank, European Union and IMF. But the IMF estimated last month that Greece will still have a funding gap of nearly 11...

Reuters, 00:07 in Business
 
British Chambers of Commerce: Recovery gaining momentum

British Chambers of Commerce: Recovery gaining momentum

The British Chambers of Commerce has sharply upped its 2013 growth forecast, saying the economy is gaining momentum. The business lobby group now expects 1.3% growth this year, up from 0.9%. Its forecasts for the next two years were upped to 2.2% and...

BBC, 00:10 in Business
 
Colombia farmers' strike gets Bogota marchers' support

Colombia farmers' strike gets Bogota marchers' support

Tens of thousands of people have taken to the streets of the Colombian capital, Bogota, in support of a strike by small-scale farmers. The farmers say the government's agricultural polices are driving them into bankruptcy. The president said the...

BBC, 00:15 in Business
 
BT hangs up on dial-up internet access

BT hangs up on dial-up internet access

BT will turn off its dial-up internet access service on 1 September. The telecoms firm said it was taking the step because only a "tiny number" of its customers still went online using a dial-up modem. It added that the vast majority of its...

BBC, 00:19 in Business
 
Syria: Will military strikes push oil prices to record highs?

Syria: Will military strikes push oil prices to record highs?

As politicians in the US and Europe move closer to launching military strikes in Syria, the uncertainty in the country and the prospect of further instability in the Middle East is being reflected in the financial markets. In recent days, the price of...

BBC, 00:21 in Business
 
Lava lamp creators mark 50 years of 1960s icon

Lava lamp creators mark 50 years of 1960s icon

A quick drink in a pub in the heart of Hampshire's New Forest was to give the world an iconic symbol of the psychedelic 1960s that is still going strong as it marks its 50th anniversary. An early prototype lava lamp shell Continue reading the main...

BBC, 00:21 in Business
 
Virtual reality: Lessons from the past for Oculus Rift

Virtual reality: Lessons from the past for Oculus Rift

Virtual reality was all the rage a couple of decades ago and looked as if it could become the video games industry's next big thing. But despite public interest and millions of dollars of research, the concept flopped. Now, with excitement building...

 

Consumers and business group more upbeat on economy

The GfK NOP consumer sentiment index touched its highest level since October 2009 this month, rising more strongly than forecast on a rosier view of the economy among households. And the British Chambers of Commerce revised up its gross domestic...

Reuters, 00:25 in Business
 

Finnish government plans to trim generous welfare model

Financial benefits for students will be cut to encourage them to look for work earlier, and childcare leave policies will also be changed to encourage mothers to return to work, it said. The changes are not immediate but are likely to raise opposition...

Reuters, 00:25 in Business
 

Back on track: Maria Fowler is back to her old self as she models new dress range on girls' night out

She's had a tough few months after a suicide attempt and splitting from her boyfriend. However Maria Fowler showed she's feeling good again as she dressed to the nines for a girls' night out in Manchester. The former Only Way Is Essex star, 27, took...

 

Part of his A Team? Ed Sheeran looks pleased with himself as he leaves Hollywood bar with mystery blonde

He's been linked to several of his celebrity female friends since leaping to fame last year. However, after many rumours failed to come to fruition, it looks like maybe Ed Sheeran may have a new girlfriend at last after he was spotted out in West...

 
Shake-up at online firm brightsolid

Shake-up at online firm brightsolid

DC Thomson, the Dundee-based publisher, is re-organising its online subsidiary, brightsolid. It is to split the genealogy division from online technology, including cloud computing. Chris van der Kuyl, who built up brightsolid over the past six years,...

BBC, 00:28 in Business
 

'Bali death sentence appeal fails'

The Foreign Office is seeking confirmation that a British grandmother has lost her appeal against a death sentence for trafficking drugs into the resort island of Bali. There are unconfirmed reports that a three-judge panel at the Supreme Court in...

 

Douglas at Zeta Jones meeting spot

Michael Douglas is set to return to the film festival where he first met Catherine Zeta Jones, just days after the couple announced that they have separated. The Wall Street Oscar winner has been spending time in the south of France with his friend...

 


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