The UK’s economy shrank by 0.2% in the first quarter of 2012, meaning the country is now technically back in recession. The threat of a double-dip recession had been looming for some time, after Gross Domestic Product (GDP) fell by 0.3% in the fourth quarter of 2011. A recession is defined as two successive quarters [...]
British Travel Numbers Return To Form After Four Year Decline
Latest figures from the Office for National Statistics (ONS) showed the number of British residents travelling abroad grew for the first time in 2011, following a four year slump. Previous figures had shown a decline in the number of Brits taking holidays abroad since the onslaught of the 2008/2009 recession, making this increase particularly positive [...]
Whitney Houston’s Financial Life After Death
Forbes’ Zack O’Malley Greenburg looks at the Whitney Houston estate’s potential earning power in the wake of her untimely death. Video Rating: 4 / 5
Finance Fallout: Kudrin quits after refusing to work with Medvedev
President Medvedev has asked Finance Minister Kudrin for his resignation following Kudrin’s public refusal to keep his position in the future if Medvedev heads the Russian Government. Kudrin has complied. President Medvedev has signed Kudrin’s resignation hours after the wrangle took place, the Russian president’s press secretary Natalia Timakova reported. During the Presidential Commission on [...]
After stock market shocks: three tax-free reasons for pensioners to be cheerful
After the FTSE 100 fell by 2.6pc yesterday to trade below 5000 for the first time since July, 2010, it would be tempting for pension savers to despair – but the late rally on Wall Street reminds long term savers that life will go on. Closer to home, another day, another life company handout tells [...]
After UBS £1.3bn loss shock: 10 tips to tell how safe your bank is
Savers with the UBS, the Swiss banking giant, are being reassured they will not suffer losses because of today’s shock announcement that a rogue trader has lost about US $ 2bn (£1.3bn) in unauthorised trading. But this reminder of how even the world’s biggest banks can lose almost unimaginable sums of money may worry savers [...]
US set for debt deal after vote victory
Giffords returns to Congress as House backs move in a day that has kept investors on edge View full post on Financial Times – UK Homepage
Europe on alert after Norway attacks
Across Europe, police authorities increased scrutiny of potential far-right threats while Muslim groups in the UK raised security levels View full post on Financial Times – UK Homepage
Norway under attack after Oslo bombing
A large bomb has ripped through government buildings in central Oslo, causing at least two deaths and extensive damage View full post on Financial Times – UK Homepage