Unemployment rises in Britain
London - Unemployment in Britain rose sharply to 1.86 million in the quarter to the end of October, the Office of National Statistics (ONS) said Wednesday. In November, the number of people claiming unemployment benefit soared by 75,700 - the biggest...

[ Published on : Thu, 01 Jan 2009 13:50 ]

Unemployment rises in Britain
London - Unemployment in Britain rose sharply to 1.86 million in the quarter to the end of October, the Office of National Statistics (ONS) said Wednesday. In November, the number of people claiming unemployment benefit soared by 75,700 - the biggest...

[ Published on : Wed, 17 Dec 2008 08:36 ]

Bank of England cuts interest rates to all-time low - Summary
London - The Bank of England Thursday slashed interest rates to an historic low of 1.5 per cent in a further effort to soften the impact of a deepening recession. The decision to cut rates by half a percentage point by the banks Monetary Policy Comm...

[ Published on : Thu, 08 Jan 2009 11:29 ]

Brown hit by torpedo from Germanys Frau Nein - Feature
London - With the British pound on the verge of parity with the euro, and the Conservative opposition accusing Prime Minister Gordon Brown of a ruinous borrowing binge, the German broadside against Britains deficit spending is bound to hurt. The c...

[ Published on : Thu, 11 Dec 2008 11:33 ]

British government in car industry talks as production slumps
London - The British government confirmed Thursday that it has been in talks with the Indian-owned Jaguar Land Rover car producer over the possibility of state aid. Confirmation of the talks from Industry Secretary Peter Mandelson came as figures pub...

[ Published on : Thu, 01 Jan 2009 13:50 ]

British government in car industry talks as production slumps
London - The British government confirmed Thursday that it has been in talks with the Indian-owned Jaguar Land Rover car producer over the possibility of state aid. Confirmation of the talks from Industry Secretary Peter Mandelson came as figures pub...

[ Published on : Thu, 18 Dec 2008 07:36 ]

Nissan carmaker announces drastic job cuts at British plant
London - Japanese carmaker Nissan Thursday announced major job cuts at a plant in north-east England which accounts for the bulk of British car exports. Nissan said 1,200 jobs would go at its plant in Sunderland, near Newcastle, which employs around ...

[ Published on : Thu, 08 Jan 2009 12:29 ]

Waterford Wedgwood china producers call in administrator
Dublin/London - Financially troubled prestige china and crystal firm Waterford Wedgwood announced Monday that parts of its business in Ireland and Britain had been placed into administration. The Anglo-Irish group, with a history of 250 years, is bes...

[ Published on : Mon, 05 Jan 2009 08:52 ]

Waterford Wedgwood china cracks under financial strain - Summary
Dublin/London - Iconic china and crystal manufacturers Waterford Wedgwood Monday joined the growing list of high-profile corporate failures when it announced that its business in Ireland and Britain had been placed into administration. The Anglo-Iris...

[ Published on : Mon, 05 Jan 2009 11:52 ]