Chrysler Recalls 2.7 Million Vehicles
Chrysler has agreed to a US Government request to recall 2.7 million of its Jeeps due to fears that the models concerned were at special risk from fuel tank fires. Chrysler’s compliance with the request comes as just as the company had initially...
Vodafone At War With Liberty Global
Vodafone faces a bidding war with the US telecommunications firm Liberty Global for Kabel Deutschland, after the Liberty Global made a rival offer for the German cable firm.
Written by Chris White
Liberty Global which owns Virgin Media, confirmed...
Detroit Defaults on Debt
Emergency Manager of Detroit Kevyn Orr yesterday announced that the City would suspend payments on all debts in a moratorium that would see creditors take enormous cuts on the money owed to them by the City of Detroit.
Written by Chris White
Former...
G8 Tax Haven Complaints Rejected
The governments of the Isle of Man and Jersey have slammed suggestions that they facilitate tax evasion, after the British Government accused the self-governing crown dependencies of acting like tax havens in the run-up to this year’s G8 summit...
Chinese Growth Slows
The World Bank cut its forecasts for Chinese growth in anticipation of slower but more stable global growth over the next few months, revising its predictions for Chinese future growth from 8.4% to 7.7% in 2013.
Written by Chris White
The World...
UK Wage Crunch
According to a recent report by the Institute of Fiscal Studies, British wages have fallen further in real terms since the economic downturn that at any time in the country’s past.
Written by Chris White
The report also showed that in addition...
AG Barr / Britvic Merger Cleared
The Competition Commission announced today that the proposed corporate merger between the soft drinks manufacturers AG Barr and Britvic would be provisionally cleared.
Written by Chris White
The clearance will herald one of the largest recent...
3,000 New Airbus Jobs
The passenger airliner manufacturer Airbus announced the opening of two new UK plants at Flintshire and Bristol today, as part of a massive expansion program to be implemented across Europe. The new plants are said to be for the assembly of...
Myferrylink Banned
A Competition Commission has banned Eurotunnel from running cross-channel ferries out of Dover, saying that the company was attempting to monopolise and corner the national gateway-port’s local cross-channel transport market and accused Eurotunnel...
Premier League Profits Up By 25%
Yesterday financial consultants at Deloitte, the international financial services company, claimed that Premier League Club’s revenues hit a record £2.3 billion ($3.55 billion) between 2011 and 2012 and estimated that revenue growth for this...
