Business & Commerce channel
Business & Commerce
Report warns of deeper slowdown amid global credit crisis
The global economic slowdown is likely to get even worse as the financial turmoil continues, a new report has concluded.
UK economy grinds to a halt
UK economic growth ground to a halt in the second quarter of 2008, figures warn.
Lloyds TSB confirms HBOS takeover
UK banking giant Lloyds TSB has confirmed that it is buying rival Halifax Bank of Scotland (HBOS) in a £12.2bn deal.
Germany, Britain, Spain heading for recession
Three of Europe's biggest economies will fall into recession this year, the European Commission (EC) said on Wednesday.
Bank leaves interest rates on hold
The Bank of England has kept UK interest rates on hold at 5 per cent.
HSBC profits slump 28%
HSBC has reported a 28 per cent drop in pre-tax half-yearly profits as a result of the global credit crisis.
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Oil could reach $200, analyst warns
Oil prices could reach $200 a barrel within the next two years, a Goldman Sachs report has found.
UBS to cut jobs after huge losses
Swiss financial giant UBS has announced plans to slash up to 5,500 jobs - about 7 per cent of its total workforce.
HSBC profits rise despite write-downs
HSBC, Europe's biggest bank, has written off $3.2bn in the first quarter of 2008 as a result of the US sub-prime mortgage crisis and credit turmoil.
Bank slashes UK growth forecasts
The Bank of England has painted a gloomy picture of the state of the UK economy.
Gold shines bright in market gloom
With the price of gold continuing to break records, the future of this unique precious metal is looking bright, says Joanne Stapley.
Citigroup posts huge losses
Banking giant Citigroup has posted huge losses as the global credit crisis continues to hit US banks.
IMF predicts slower world growth
The global economy will grow at a much slower pace in the next two years, the International Monetary Fund (IMF) has warned.
Google is world's most powerful brand
Internet search giant Google is the world's most valuable brand, a survey has revealed.
Developing economies produce 41% of global output
The World Bank estimates the combined output of the world's economies was $59 trillion in 2006.
China to be world's largest economy in 2025
China could overtake the United States by 2025 to become the world's largest economy, a survey has predicted.
The world's most profitable firms
It was another year of record revenues for the world's largest corporations, but which firms are the most profitable?
The changing face of advertising
As online consumer activity continues to increase, the role of advertising through the traditional media of TV is changing.
London climbing up the wealth league
London is on course to become the world's fourth largest city economy by 2020, a report has predicted.
Citigroup is 'world's largest firm'
US banking giant Citigroup has been named the largest company in the world, by Forbes business magazine.
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Business & Commerce Highlights
US jobless rate jumps to four-year high
The US unemployment rate has risen to its highest level in more than four years, official figures show.
UK inflation surges to 4.4%
UK consumer inflation has reached its highest level since records began in January 1997, on the back of soaring food and energy prices, official figures show.
Global meltdown hits Google's profits
Google's second-quarter profits rose by less than expected, fuelling concerns of a slowdown in the online advertising sector.
Gas bills could go up by 60%
Energy prices in the UK could surge by as much as 60 per cent over the next few years, an independent report has warned.
Highlights from 999Today.com
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Beverly Hills Chihuahua is top dog at box office
Canine family flick Beverly Hills Chihuahua has topped the US box office on its weekend debut, initial figures show.
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Lady Thatcher voted greatest Tory hero
Margaret Thatcher has been named the greatest Conservative hero of all time, in a poll of party activists and MPs.
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Sex and the City tops UK DVD sales
The film version of Sex and the City is the fastest selling DVD of the year so far, official figures show.