News archive from 14 February 2012, page 7

Inflation Set To Drop To Two-Year Low

The rate of inflation is expected to drop to its lowest level in two years in a sign that the pressure on cash-strapped households has started to ease.The consumer prices index (CPI) rate of inflation is forecast to drop to 3.5% in January, from 4.2%...

 

Moody's Puts UK Rating On Negative Outlook

Credit ratings agency Moody's has issued official notice to Britain and the Bank of England that their credit ratings are at risk of a potential downgrade. The agency blamed "increased uncertainty regarding the pace of fiscal consolidation in the...

 
Cameron Pledges To Cut Car Insurance Costs

Cameron Pledges To Cut Car Insurance Costs

David Cameron will today call on insurance firms to slash their motor premiums in exchange for a Government clampdown on whiplash claims.The Prime Minister will hold talks with the UK's biggest car insurers and other consumer and business groups at...

 

Apple Probe After Factory Staff Abuse Claims

Apple has allowed a labour auditor to inspect its suppliers' Chinese factories after allegations of worker abuse. The claims date back to 2010, when 13 workers at a factory run by Apple supplier Foxconn committed suicide. All jumped to their deaths...

 
Google Given Go-Ahead For Motorola Deal

Google Given Go-Ahead For Motorola Deal

US and European regulators have approved Google's purchase of handset maker Motorola Mobility amid increasingly heated legal battles over the technology behind smartphone devices.Google, whose Android software is the leading operating system for...

 

Zurich most expensive city, currencies drive costs - survey

Five Australian cities made it into the top 20, led by Sydney and Melbourne in seventh and eighth places, according to The Worldwide Cost of Living survey, carried out by the Economist Intelligence Unit. "Exchange rates have been the greatest...

 
Al Pacino accepts National Medal of Arts at White House

Al Pacino accepts National Medal of Arts at White House

US actor Al Pacino has received the National Medal of Arts at a White House ceremony that saw 16 other individuals and organisations also honoured. President Obama saluted the 71-year-old's "signature intensity" as he gave the Godfather...

BBC, 09:24 in Art & Culture
 

InterContinental looks to China to drive growth

which makes around two-thirds of the group's profit. Greater China, which was reporting numbers as a separate region for the first time, saw the group's highest growth rate as it opened over 8,000 new rooms in the year to stay as the number one...

Reuters, 09:25 in Business
 
Osborne defends cuts as UK warned on credit rating

Osborne defends cuts as UK warned on credit rating

The UK Chancellor George Osborne has defended continued spending cuts following a warning that the country's credit rating may be downgraded. Moody's ratings agency has put the UK on a "negative outlook", implying the top rating may be cut...

BBC, 09:34 in Business
 
UK inflation rate falls to 3.6% in January

UK inflation rate falls to 3.6% in January

Inflation fell sharply in January as the impact of last year's VAT rise was no longer shown in the figures. Consumer Prices Index (CPI) inflation in the UK fell to 3.6% in January, down from 4.2% in December, according to the Office for National...

BBC, 09:40 in Business
 
Inflation hits lowest since November 2010

Inflation hits lowest since November 2010

The figures will come as a relief to the BoE as it prepares to publish an update to its quarterly economic forecasts on Wednesday, though it will not prevent Governor Mervyn King from having to write a public letter explaining why inflation has...

Reuters, 09:43 in Business
 

Asia shops for aircraft, arms under China's shadow

Aircraft and weapons manufacturers, military officers, arms dealers and airline executives rubbed shoulders as the 2012 Singapore Airshow kicked off in a vast hangar near the city-state's Changi airport. Deals worth about $10 billion (6 billion...

Reuters, 09:43 in Business
 

Pakistan holds US man after "bullets found in baggage"

"He has been detained at the airport and is under interrogation," Ayub told Reuters. "We are in contact with the foreign office in Islamabad to check about his background and tell us if he has diplomatic immunity." Ayub said a...

 
Mertesacker ankle injury rules Arsenal defender out for a month

Mertesacker ankle injury rules Arsenal defender out for a month

Mertesacker, 27, will miss the Champions League clash with AC Milan an FA Cup encounter against Sunderland and the Barclays Premier League derby with Tottenham. The injury does, however, allow Thomas Vermaelen to move back into a more natural position...

Daily Mail, 09:55 in Sport
 
HAZARD PONDERS SPURS SWITCH

HAZARD PONDERS SPURS SWITCH

Belgium and Lille midfielder Eden Hazard admits he could join Tottenham this summer. The 21-year-old is one of the hottest properties in Europe at the moment and is reported to have attracted the interest of the likes of Chelsea, Real Madrid and...

Daily Star, 09:55 in Sport
 


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