Olympic Stadium: Dismay Over Delayed Future

By Enda Brady, Sky News Correspondent Olympic and Paralympic champions have voiced their dismay at news that the stadium may not open fully until the summer of 2016. Four bids are still being considered as full-time tenants at the Stratford venue,...

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Treasury Gets £35bn Windfall From QE Interest

The Treasury is to receive a £35bn boost as part of a deal with the Bank of England that will effectively reduce public debt. Chancellor George Osborne and Bank Governor Sir Mervyn King have agreed that the BoE will give the Treasury interest earned...

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Japan Nears Recession Amid China Boycott

Japan is on course to enter recession as it battles against a tide of economic problems including a costly dispute with China. The world's third-largest economy contracted by 0.9% between July and September from the previous three months - a fall which...

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Exclusive: Royal Mail To Deliver Float

By Mark Kleinman, City Editor The Government is to begin sounding out City investors about their appetite to buy shares in Royal Mail ahead of a potential flotation of the postal service. I have learned that ministers and the Shareholder Executive,...

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Ofcom Sets 4G Spectrum Sale Reserve Price

Telecoms regulator Ofcom has set a reserve price of £1.3bn for the auction of 4G mobile phone licences to be sold at the start of next year. It is expected to raise much more, albeit less than the 3G sale which brought in more than £22bn in 2000 when...

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Tea: UK Trade Mission Aims For China Deals

By Mark Stone, China Correspondent Selling tea to China might sound mad, but it is exactly what a group of British companies is trying to do this week. In an effort to help them through difficult economic times, a wide range of UK-based food and...

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Fuel Duty: Chancellor Osborne Under Pressure

Chancellor George Osborne may bow to demands and delay a planned fuel duty hike amid fears it will hit struggling families. Tory rebels had been planning to break ranks and vote with Labour in an Opposition debate on Monday calling for the 3p increase...

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Greek Crisis: New Cash Lifeline In Sight

Greece appears to have met the austerity demands of its international lenders and eurozone partners but still faces an anxious wait for more bailout funds to avoid bankruptcy. The country, which faces a bond repayment on Friday it cannot afford, is...

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Spain Halts Evictions After Second Suicide

Spanish banks have agreed to halt repossessions for the most vulnerable - three days after a woman jumped to her death as officials arrived to evict her from her home. The two-year suspension will be observed by the country's largest banks, and comes...

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Starbucks Denies Making Money In Tax Grilling

The chief financial officer of Starbucks has told MPs that the coffee giant has continually made a loss in the UK - but was told his claim "doesn't ring true". The Commons Public Accounts Committee (PAC) is questioning representatives of Amazon, Google,...

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