News
German Credit Suisse Offices Raided As Part Of Tax Investigation
14/07/2010
German prosecutors have raided 13 branches of the Swiss bank Credit Suisse AG, as part of an investigation of alleged tax evasion. At least 140 police officers were searching branches in Berlin, Munich and Dusseldorf, on the strength of information found on a CD which suggested tax evasion through Switzerland.
CIPD Expert Argues Job Market Figures May Be The 'Calm Before The Storm'
14/07/2010
Official labour market statistics published by the Office for National Statistics (ONS) have been described as the best set of official labour market figures since the start of the recession two years ago by Dr. John Philpott, Chief Economic Advisor at the Charted Institute of Personnel and Development (CIPD).
Damaged Laptops Cost British Businesses Over £2 Billion A Year
14/07/2010
Damaged laptops will cost British business £2.073 billion in repair and data replacement costs in 2010, research from IDC and Panasonic has predicted.
BA And Iberia Merger Approved By EU Regulators
14/07/2010
British Airways, American Airlines and Iberia have won regulatory approval from the European Union to enter into a merger that will make them the world's third largest airline. The airline carriers hope that the merger will allow them to compete with their major rivals, including Lufthansa, Air France and the low cost Ryanair.
CIM Survey Shows Businesses Are Positive Over Next 12 Months
14/07/2010
Small and medium-sized business in the UK is looking up, according to results published today from The Chartered Institute of Marketing’s (CIM) Marketing Trends Survey (MTS) 2010, an annual report conducted for the Institute by Ipsos MORI, which provides a current snapshot of the impact of marketing on businesses and the wider economy.
Inward Investment Essential To Economic Recovery Plans
14/07/2010
The Government has put the UK's ability to attract and retain inward investment at the heart of its economic recovery plans, Prime Minister David Cameron outlined today. The Prime Minister was speaking at the UK Trade & Investment Business Summit to over 100 of the UK's leading investors, including representatives of Hutchison Whampoa, Motorola, Tata Group, Toyota, Siemens, Emirates, Fujitsu and Pfizer.
UK Jobless Rate Falls To 2.47 Million With Record Rise In Part-Time Workers
14/07/2010
The number of British people claiming benefits fell to the lowest level in 12 months, signalling that the economy is reviving in the wake of the recession, buoyed by the biggest rise in part-time work since records began.
CIPD Warns Job Market Will Suffer For Next Five Years If Growth Falls Short
14/07/2010
The UK's job market will suffer a lack of jobs which could span the next five years, if economic growth is even slightly lower than official forecasts by the Office for Budget Responsibility.
Bank Of England's Andrew Sentance Calls For Rise In Interest Rates
13/07/2010
Bank of England Monetary Policy Committee member Andrew Sentance said on Tuesday that interest rates needed to be raised, to reflect an improvement in economic conditions. Mr. Sentance argued that the economy would see an erratic recovery, but that this did not translate to the risk of a double dip recession.
Facebook Sued By Web Developer For 84% Share In The Company
13/07/2010
Facebook Inc. has been hit with a restaining order which restricts the transfer of their assets, after a lawsuit was filed by a New York man who believes he owns an 84% stake in the social networking company.
