Category: News Wire

Bob Diamond, Barclays chief executive, is facing pressure to resign after the bank was fined £290m for attempting to manipulate Libor, the world’s benchmark bank borrowing rate.

The case of a man found guilty of sending a menacing tweet returns to court today.

A court has banned sales of Samsung’s Galaxy Tab 10.1 tablet in the US while it decides on the firm’s patent dispute with Apple.

Angela Merkel has firmly rejected the use of eurobonds ahead of a crucial summit in Brussels this week, ruling out jointly guaranteed eurozone debt for “as long as I live”.

Bank of England Governor Sir Mervyn King has raised the prospect that the UK’s record-low 0.5 per cent interest rates could be cut yet further to support the ailing economy.

Analysts estimate RBS is facing a bill of between £50m and £100m as a result of the technical glitch that has hit its computer systems in the last week.

Britain’s major supply companies, which together command £15bn of Government contracts, are set to be given performance ratings in a bid to achieve efficiencies and reduce costs.

Jason Holt, a London jeweller, has created the Academy of Jewellery, an apprenticeship scheme trains 1,000 designers and manufacturers each year and which has got the ear of government.

RBS is warning its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week.

Around 1,000 NatWest branches opened early on Friday to help customers who are still unable to access their accounts because of technical problems.

George Osborne has come under pressure to offer more help to the victims of the alleged mis-sale of complex interest rate hedging products by Britain’s major banks.

David Cameron is facing calls to pay back cheap loans of £1.2 million to the Conservative Party from companies registered in tax havens.

Banks are increasingly looking to call in outstanding debts from businesses while new loans are becoming harder and more expensive to secure, the Bank of England has warned.

Angela Merkel put Germany on a collision course with its European neighbours by insisting an idea to allow bail-out funds to buy Spanish and Italian debt was “purely theoretical”.

A surprise fall in inflation has paved the way for the Bank of England to pump more stimulus into the economy as early as next month.