Birmingham City Owner Denies Money Laundering

Birmingham City Football Club's owner Carson Yeung has pleaded not guilty to money-laundering charges at the start of his long-delayed trial. The former hairdresser from Hong Kong was arrested and charged in June 2011 with five counts of knowingly dealing...

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Greece Votes In New Law To Axe 15,000 Jobs

A law that will allow the dismissal of 15,000 civil servants has been passed by the Greek parliament as part of austerity measures imposed by the country's international creditors. After heated debate during an emergency session, 168 deputies voted...

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Greggs Shares Go Cold Over Profit Warning

High street baker Greggs has seen its share price slide more than 7% after it issued a profit warning over poor winter trading. Britain's biggest seller of food-on-the-go said it expected full-year profit to be down this year, partly blaming the adverse...

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Bank Lending 'To Improve' As Bad Debt Falls

Looser money markets and falling bad debts are set to drive the first pick-up in bank lending to businesses for four years, an influential forecasting body has predicted. The Ernst & Young (E&Y) Item Club sees lending to companies in the UK...

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UK Gas Hit As Norway Pipeline Supply Cut

Gas supplies to Britain dropped by 13% on Monday because of a gas field problems in Norway. Britain, Europe's most traded gas market, saw inflows drop to 71 million cubic metres (mcm), as flows through the Vesterled pipelined dropped to zero. The cut...

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Big-Budget TV Shows Given Large Tax Breaks

The makers of big budget TV shows and animations are being urged to film in the UK and take advantage of 25% tax breaks. Chancellor George Osborne is pushing for more business from the creative industries in the hope they will help boost the sluggish...

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IMF Warns Asian Economies Of Overheat Risk

The International Monetary Fund has warned about massive capital flows into Asia and urged the region's leaders to guard against overheating economies. The IMF said it was "carefully" monitoring the situation across a range of countries. The level...

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Banks Face 'Tough' Royal Mail Sale Fee Talks

By Mark Kleinman, City Editor Michael Fallon, the business minister, will tonight take another step towards the controversial privatisation of Royal Mail by launching a process to hire banks to handle the share sale. In a speech at Policy Exchange,...

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'Triad Boss' Hacked To Death: Four Held

Four people have been arrested in Hong Kong after a man, thought to be a triad boss, was hacked to death outside a hospital. The 30-year-old man, with the surname Tse, was struck multiple times with an axe and meat cleaver by two masked men, according...

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Bees: European Union Forces Pesticides Ban

A Europe-wide ban on pesticides linked to the decline in bee populations is due to be pushed through by the European Union within weeks. The European Commission is forcing through the temporary move despite a vote in Brussels failing to reach the level...

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