British Airways ended decades of loyalty to Boeing's 747 jumbo with a switch to Airbus's new A380 superjumbo on Thursday as it announced a mixed plane order worth up to $8.2 billion.
Employees are contributing too little to defined-contribution work pension schemes to support themselves well in retirement, according to a survey by consulting firm Mercer.
British Airways ended decades of loyalty to Boeing's 747 jumbo with a switch to Airbus's new A380 superjumbo on Thursday as it announced a mixed plane order worth up to $8.2 billion.
The United States rejected on Wednesday Iran's claim that its nuclear program is a "closed" matter and said it would keep pushing for fresh U.N. Security Council sanctions that are resisted by China and Russia.
The gross domestic product of the U.K. grew by 0.8 percent in the second quarter, according to a new report released by the Office for National Statistics (ONS), on Wednesday.
The cries of tens of thousands of people led by Buddhist monks, who are staging anti-junta protest rallies in Myanmar at the risk of a government crackdown, has reached the ears of the US President George W. Bush, who is expected to take up the issue in his speech Tuesday to the General Assembly and urge the U.N. to uphold its pledge to fight for freedom and impose new sanctions against the repressive military regime in Myanmar.
Britain's government has appointed U.S. investment bank Goldman Sachs to advise it on Northern Rock, a source close to the Treasury said, as the stricken bank told politicians its business was sound.
The dollar steadied above the previous day's 15-year troughs against a basket of currencies on Tuesday, as investors awaited U.S. data to determine how deeply the global credit crunch has affected the economy.
The turbulence on global financial markets will clearly affect the UK economy and inflation but it is too early to tell by how much, Bank of England hawk Andrew Sentance said on Monday.
This morning, the British Prime Minister, Gordon Brown gave his assurances that stable economic policies would keep inflation down in the medium to long term.
Three leading hedge funds are planning a break-up of beleaguered British bank Northern Rock , according to a newspaper report on Sunday.
The Irish unit of British bank HBOS Plc and Dublin-based private equity group Quinlan Private are mulling a joint bid for the Irish Nationwide Building Society, The Irish Times newspaper reported on Monday.
SAP AG will unveil on Wednesday a line of business management programs to be delivered over the Web, becoming the first major software company to make a big bet on software as a service.
The world should not watch out for dreaded terrorist outfit Al-Qaeda's leader Osama Bin Laden but should concentrate on capturing his deputy Ayman al-Zawahri, the Sunday Telegraph has reported.
Taiwan's Arima Computer said on Thursday it has signed a letter of intent with Flextronics to sell its notebook PC and server operations to Flextronics for US$191.5 million.
Shares in Northern Rock took a fresh hit on Thursday, tumbling over 20 percent on renewed concerns over its future, and as the government said its guarantees would not cover new accounts.
The dollar sank to fresh record lows beyond $1.40 per euro on Thursday, weighed down by a hefty U.S. interest rate cut earlier this week and expectations of more moves to come.
Apple Inc .will double its iPhone production to nearly double its iPhone production in the fourth quarter, financial news Web site TheStreet.com reported, citing people familiar with the company.
GE Energy, the energy arm of U.S. conglomerate General Electric Co, will not sell its Baglan Bay gas-fired power plant in Britain this year, the company said on Wednesday.
Apple President Steve Jobs reiterated his commitment to charging the same price for iTunes downloads across Europe as his lawyers defended the company on Wednesday against allegations its prices are not uniform.
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British insurer Standard Life said on Wednesday it was considering the possibility of making a cash and shares offer for rival Resolution, which has already agreed to merge with Friends Provident.
