The price of oil has fallen beyond lows last seen in the aftermath of the collapse of Lehman Brothers and the launch of Gordon Brown’s bank bailout in late 2008, hitting 11-year lows in the early hours of this morning.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Christmas shoppers grab last-minute bargains as nervous retailers slash prices
Forest of sale signs light up high streets as warm weather, Black Friday and move to online sales prompt steep high street discounts to attract shoppers
Trains companies face rail refund probe
Consumer watchdog Which? has made a super-complaint to the Office of Rail and Road about passenger compensation for train delays
More public sector bosses will have to return their golden goodbye bonuses
More highly paid public sector workers who leave their job with a generous golden goodbye, only to return to another public organisation soon after, will have to return the payout as the government cracks down on so-called boomerang bosses.
Sterling takes a pounding as traders bet on rate standstill
The pound has suffered its worst week since the market mayhem of late August, as traders bet that the Bank of England would decline to follow the lead of the US and keep interest rates at a record low for most of next year.
Workers demotivated by executives’ high pay – survey
Six in 10 employees told the CIPD that the high level of chief executive pay discouraged them in the workplace
Government’s ‘buddy’ scheme has now paired ministers with 83 global firms
UKTI’s strategic relations team has granted seven more companies privileged access to ministers since the general election in May
Storm Desmond cost £520m – as insurers shell out £2.6m in emergency payments
Almost two weeks after the event, the Association of British Insurers (ABI) has finally put a price tag on the havoc wreaked by Storm Desmond: the flooding is likely to cost insurers £520m, it said today.
Migrant workers are driving down pay in low-skilled jobs
Mass migration has driven down the wages of workers in low-skilled jobs in the service industries, according to research by the Bank of England.
UK’s ‘gin renaissance’ continues with sales set to top £1bn for first time
Younger consumers developing taste for gin despite its reputation as a drink for over-40s suburban couples, survey finds
Panic Saturday: last-minute shoppers set to spend £6bn
The weekend will see shoppers spend £2.2m a minute
Sports Direct to review worker rights
Sports Direct is to review all agency worker terms and conditions after the firm was criticised for its employment practices.
IMF boss to face trial over €400m Paris payout
Christine Lagarde, the head of the International Monetary Fund, has been ordered to stand trial on negligence charges over her handling of a €403 million payout to the tycoon Bernard Tapie when she was French finance minister.
Google enlisted members of US Congress it bankrolled to fight $6bn EU antitrust case
US tech firm has stepped up lobbying efforts with $3.5m charm offensive to persuade EU to drop punitive action over alleged abuse of monopoly position
Npower fined record £26m over customer service failures
The energy firm has been penalised by Ofgem for sending out inaccurate bills and failing to deal with complaints properly
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