Search This Blog

Saturday 31 December 2011

UK Financial News on 2011-12-31

Global markets finish a wild 2011
World stock markets finish one of the most dramatic years for the global economy, with most well down for the year......

Knighthoods for business leaders
Glaxo Smith Kline boss Andrew Witty and ex Tesco chairman David Reid are knighted, as ex-convict Gerald Ronson gets a CBE.....

House price stagnation 'to go on'
UK house prices remained relatively unchanged in 2011 and more of the same is expected in 2012, the Nationwide says......

Troubled Barratts cuts 1,610 jobs
The administrator of shoe retailer Barratts Priceless says it has made 1,610 staff redundant after failing to find a buyer......

Recession 'to return' to Europe
Most economists polled by the BBC say recession will return to Europe next year, while UK interest rates will stay at 0.5%......

Hawkin's Bazaar in administration
The owner of troubled toy and novelty gift chain Hawkin's Bazaar, the Tobar Group, enters administration......

Spain sets out new spending cuts
Spain's new conservative government announces 8.9bn euros in austerity measures in order to lower the country's borrowing......

Putin pushes forward gas pipeline
Russia brings forward the start date for building a pipeline to transport gas to Europe under the Black Sea, bypassing Ukraine......

Euro remains near lows for 2011
The euro is near its low for the year following a tumultuous 12 months in which its existence has been questioned......

UK encourages offshore drilling
The UK government awards new exploratory drilling licenses to firms looking for oil and gas - including in the English Channel......

Hungary threat to central bank
Hungary passes a controversial new law that critics say could undermine the independence of its central bank......

Royal Mail's web glitch persists
A Royal Mail website that allows people to calculate their postal costs has now been down for more than a month......

Rise in social care fees 'a tax'
Figures show a sharp rise in the cost of council services for elderly and disabled people, making charges a stealth tax on the vulnerable, Labour warns......

Japan delays sales tax increase
A key panel of Japan's ruling party agrees to postpone a planned sales tax increase amid rising opposition to the move......

Japan stocks end year at 1982 low
Japan's main share index, hit by the devastating earthquake and tsunami in March, closes at its lowest year-end level since 1982......

S Korea inflation exceeds targets
South Korea's inflation rate stays above the central bank's target range in December, despite attempts to slow price growth......

AUDIO: 'Mild recession in 2012 in Europe'
Recession will return to Europe in 2012, if the majority of economists surveyed by the BBC are to be believed......

VIDEO: Can the US economy recover in 2012?
Will there be any economic improvement in the US in 2012, and what will it mean for President Obama's bid for re-election in November?.....

Estonia: The muted revival of a Baltic tiger
What can we learn from fast-growing Estonia?.....

What will markets do in 2012?
Will 2012 be a catastrophe or an opportunity for investors?.....

Three big questions for the eurozone
Newsnight's Paul Mason on a tough year ahead.....

New tech horizons coming in 2012
What new technologies will set the world alight next year?.....

Swiss feel Europe's pain
Outsider Switzerland can't escape Europe's economic pain.....

Stock market forecasts for 2012
Dec 30 - Analysts look into their crystal balls for a 2012 forecast. Investors have more of the same to consider in 2012 including recession worries and the eurozone debt crisis. Jill Bennett reports......

Ford posts best sales in four years
Dec 30 - Summary of business headlines: Ford brand sales top two million; Verizon scraps plans for new fee; Commodities post strong finish for year; U.S. stocks post mild losses; European markets rise. Jeanne Yurman reports......

Why Iowa gets first dibs
Just days before the caucus, correspondent Jeff Mason talks with residents about why Iowa goes first in presidential politics, whether it's fair, and how well they represent America......

Verizon raises ire with fee
Dec 30 - Summary of business headlines: Verizon adds new payment fee; Sears identifies stores closing; China's manufacturing shrinks; Alleged HP executive scandal revived. Jeanne Yurman reports......

Spain unveils tax hikes to tackle deficit
Dec. 30 - Spain's new government has said the public deficit for 2011 will be 8% of GDP, well above its target of 6%, and has announced increases in income and property tax along with a wage freeze for civil servants to tackle it. Joanna Partridge re.....

2012 to be year of "global reset"
Dec. 30 - After a year marked by upheaval on the streets and uncertainty in the markets, Oxford Analytica CEO Nader Mousavizadeh predicts 2012 will see a 'global reset' while Monocle Editor-In-Chief Tyler Br says business must go on a charm offensive.....

U.S. recession still possible in 2012, says Shiller
Dec. 30 - Yale Economist Robert Shiller warns a double-dip recession could still happen in the U.S. for 2012 and warns the Fed has no more ammo to prevent any downturn from happening......

U.S. Morning Call: Futures mixed; a smitten Hurd revealed
Dec. 30 - U.S. stock index futures are pointing to a mixed open on Wall Street for the last session of 2011. A lawyer's letter claims former Hewlett Packard CEO Mark Hurd made aggressive romantic advances......

Morning Briefing: Ex-HP CEO Hurd agressive romancer-letter
Dec. 30 - Former HP CEO Mark Hurd made aggressive romantic advances toward an independent contractor, who later accused him of sexual harassment, according to claims in a letter from her lawyer......

Blessing or burden? A decade of the euro
Dec. 30 - Ten years after Germany started using the euro, the single currency is facing a make or break year and economists say the euro hasn't worked out as planned. Joanna Partridge reports.....

U.S. Morning Call: Futures mixed on final 2011 trading day
Dec. 30 - U.S. stock index futures are pointing to a mixed open on Wall Street for the last session of 2011......

Bank turmoil looks set to continue
Dec. 30 - A look back at a tumultuous year for the financial sector and ahead towards some of the challenges that await in 2012. Penny Tweedie reports.....

Samoa cancels Dec. 30 in time leap
Dec. 30 - Samoa skips 24 hours ahead as it ditches a time-zone alliance with the United States. Paul Chapman reports......

China's factories falter, pro-growth policies eyed
Dec. 30 - HSBC's China's PMI index rises from a record low, but still indicates shrinking factory activity......

Tokyo stocks nearly 20 percent down in 2011
Dec. 30 - Tokyo benchmarks shed around 18 percent in 2011, after a tumultuous year marked by the March earthquake, Thai floods and the euro zone crisis. Arnold Gay reports......

Long live gloom - it's a great time to buy shares!
Breakingviews say shares are their cheapest in a generation, but stock up also on gold and tinned food......

Republicans Scour Iowa for Undecided Voters
Republican White House hopefuls scoured Iowa for undecided voters on Saturday and front-runner Mitt Romney argued that he is the best to take on President Barack Obama as time ran short before the first votes of the 2012 election season......

New Years Sales 2012: Best Deals at Walmart, Kohl's, Pottery Barn and More
Check out the biggest sales and best deals at stores like Target, Walmart, Best Buy and Amazon. Some discounts last all weekend, but others expire at 11:59pm on New Year&s Eve. Click here to get promo codes, find the biggest discounts, and nab sales .....

Top 5 Reasons to Choose WL Marketing for SEO Services
SEO or Search Engine Optimization is one of the most powerful tools of online marketing and if you have an online business presence and want to generate more revenue from online customers as well as build a community, WL Marketing is the go-to compan.....

Fedor Emelianenko vs Satoshi Ishii: Emperor Crushes Judo Champ [VIDEO]
The results of the Fedor Emelianenko vs Satoshi Ishii fight had many long-time mixed martial arts (MMA) fans breathe a collective sigh of relief......

Chinese Man Dies of Bird Flu Virus
The H5N1 strain of the flu is extremely dangerous, killing up to 60 percent of people who contract it......

Sarkozy vows reforms in austere New Year's speech
French President Nicolas Sarkozy pledged in a grave New Year&s message to find ways to pull the economy out of stagnation in the four months left before a presidential election and vowed no further public spending cuts......

Anne Hathaway's Catwoman in 'Dark Knight Rises:' What We Know So Far
After Anne Hathaway&s recent interview with The Times, Batman fans are scrambling to find out as much as they can about her character Selina Kyle (Catwoman) in the Christopher Nolan&s 'The Dark Knight Rises.' Here&s everything we know so far, from a .....

Nick Holt Fired by Huskies: Did he Deserve it? [POLL]
Nick Holt has been fired by the University of Washington Huskies. Aside from sacking the defensive coordinator, the Huskies also canned linebackers coach Mike Cox and secondary/safeties coach Jeff Mills......

Building New York: de Portzamparc's One57 Towers Over the City
Christian de Portzamparc&s One57 is set to become the tallest residential building in the city......

New Year's Eve 2012: Where to Watch Times Square Ball Drop
If you can&t make it to New York for New Year&s Eve 2012, here&s where to find live streaming of the event of your computer, when to catch 'Dick Clark&s New Year&s Rockin& Eve' on TV, and even how to download an app that gives you commercial-less liv.....

Why is Twitter Down? Site Greets New Year With Mass Outage
Twitter, one of the world&s most popular social networks, is ringing in the New Year with mass outages, as the site goes down, comes back up, and then crashes again. Here, find out why the site is likely crashing, and how to try exchanging tweets wit.....

Iceland names new finance minister in government shuffle
Iceland named a new finance minister Saturday in a cabinet reshuffle aimed at strengthening the centre-left coalition by decreasing internal dissent......

Youth protesters, police clash across Bahrain
Shi&ite youths chanting slogans against Bahrain&s royal family clashed with riot police across the Gulf island kingdom Saturday, trying to block highways in a second day of protests, residents said......

Euro could become world's leading currency: Noyer
The euro could become the world&s leading currency in the next decade if leaders of the single-currency bloc succeed in tightening fiscal integration, European Central Bank policymaker Christian Noyer said in an article to be published in the Journal.....

Swiss finance minister says U.S. tax deal needs time: radio
Switzerland and the United States need more time to negotiate a tax deal, Swiss finance minister Eveline Widmer-Schlumpf told Swiss radio on Saturday, as the United States pushes for it to supply information on bank clients who are alleged to have ev.....

Boko Haram: Nigerian President Declares State of Emergency in North
The president, a Christian, has vowed to crush Boko Haram......

Best 2011 YouTube Videos: Dancing Twins Justin and Jeremy [EXCLUSIVE INTERVIEW, VIDEO]
From puppies eating bows on Christmas to babies laughing at paper, no other video stole our hearts like adorable twins Justin and Jeremy with their fantastic dance moves......

New Years Eve 2012: Where to See Fireworks in New York City
If you are celebrating New Year&s Eve in New York City but do not feel like venturing to Times Square, there are other options around the island as well - ones that include fireworks......

New Year's 2012 Shortages Forecast Worldwide, and Not Just Norwegian Butter: A New Yorker's Opinion [VIDEO]
The great Norwegian butter shortage got me to thinking that shortages of 2012 might be just the ticket to send my faithful readers off to a rockin& New Year&s Eve celebration. For sure, Lady Gaga will make it seem alright, though......

Chris Draft Wife Keasha Draft Dies, Condolences Pour Out
Keasha Draft, the wife of retired NFL linebacker Chris Draft, has died of lung cancer. She passed away on Dec. 27, 2011......

Its Robin van Persie Again: Arsenal-Queens Park Rangers 1-0 (PHOTOS)
The Dutch completed 35 Premier League goals in 2011, breaking French legend Thierry Henry&s Arsenal record of 34 goals in a calendar year......

Happy New Year 2012: Top 10 Tech Disappointments of 2011
Happy New Year! Before we actually get to the new year and all its promise of new gadgets and fun electronics, let&s take a quick look back at the things in 2011 that made us wince......

U.S. in $3.5 billion arms sale to UAE amid Iran tensions
The United States has signed a $3.5 billion sale of an advanced antimissile interception system to the United Arab Emirates, part of an accelerating military buildup of its friends and allies near Iran......

UFC 141 Brock Lesnar vs Alistair Overeem: What Shocked You the Most? [POLL]
The UFC 141 fight between Brock Lesnar and Alistair Overeem was shocking on many levels. After Overeem destroyed Lesnar, the latter announced his retirement from mixed martial arts......

2011 Year in Review: A GOP Campaign for the History Books
The 2012 presidential campaign has been one of the most volatile in recent memory, and it isn&t even 2012 yet. Take a look back at the highlights and lowlights of the battle for the Republican nomination so far......

Fergies Birthday Shock: Blackburn Rovers-Manchester United 3-2 (PHOTOS)
Ayegbeni Yakubu scored the opener on 16 minutes from a penalty shot......

Kid Cudi on Ben Breedlove YouTube Videos, Funeral: "I Broke Down" [FULL TEXT]
Rapper Kid Cudi expressed his sympathy and gratitude to Ben Breedlove, an 18-year-old boy who recorded videos about his struggles with heart disease just one week before his death on Christmas Day. His funeral was held Thursday......

Happy New Year 2012: Countdown Clocks for Major U.S. Cities & More
Happy New Year! The year 2012 is just hours away in the United States......

Lady Thatcher is in Good Health, but Discussions for a State Funeral are in Full Swing
Plans are under way for the smooth handling of the eventuality that involves the presence of the Queen and other dignitaries from around the world, a report has said......

iPhone 4S vs HTC Amaze 4G: Apple vs Android
T-Mobile missed out on the iPhone, but they do have the HTC Amaze 4G, and it promises to take the Android vs Apple fight to another level. That&s because it is one loaded smartphone, and the $200 on contract price backs that up nicely......

Crispin Odey: 'horrble' 2011 has produced bargains
At the close of a tumultous twelve months on the markets, hedge fund manager Crispin Odey has described 2011 as a "pretty horrible year", but pointed to opportunities in 2012 presented by cheap prices.<img width='1' height='1' src='http://telegrap.....

Ozwald Boateng plans 150m worldwide expansion
Ozwald Boateng, one of Britain's leading men's fashion designers, is planning a major expansion of his business which could see him open as many as 100 stores across the world.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....

Standard Chartered chief Peter Sands believes his bank (and the UK) are perfectly placed to weather the global economic crisis
As the boss of an Asia-facing London-based bank booming in a global crisis, Peter Sands explains why the UK must follow Standard Chartered's lead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6bdfd8/mf.gif' b.....

Eurozone is closer to break-up, warns Standard Chartered's Peter Sands
The chief executive of Standard Chartered, Peter Sands, has warned that there is an increasing likelihood of a country falling out of the eurozone because of the inability of politicians to resolve the crisis.<img width='1' height='1' src='http://.....

Drinks industry must resist David Cameron's meddling on prices
Is David Cameron flirting with socialism? That appears to be the only way to explain the remarkable revelation earlier this week by my colleagues at The Daily Telegraph that Downing Street is seriously considering setting a minimum price for alcohol......

Former Lloyds bosses to be sued over HBOS takeover
Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US courts by American shareholders unhappy at the bank's takeover of HBOS at the height of the credit crisis.<img width='1' h.....

High street struggles despite heavy discounting by retailers
Key December retail figures will show a real terms decrease in sales revenue despite the huge crowds flocking to snap up post-Christmas discounts last week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6bdfdb.....

Former Lloyds bosses to be sued over HBOS takeover
Sir Victor Blank and Eric Daniels, the former chairman and chief executive of Lloyds Banking Group, are to be sued in the US by American shareholders unhappy at the bank's takeover of HBOS at the height of the credit crisis.<img width='1' height='.....

Microsoft moves to avoid further drunken shame
Microsoft has cautioned its staff always to serve food with alcohol, to "manage" the amount they drink at company parties and to stop drunken colleagues from boozing following embarrassing allegations about wildly drunken behaviour at a conference in.....

Oleg Deripaska: 'wealthy time' has ended for the eurozone
Oleg Deripaska, one of Russia's leading business figures, has warned Europe that its "wealthy time" is over and that Russia's newly agreed membership of the World Trade Organisation opens up fresh possibilities for British businesses.<img width='1.....

'Fit notes' double time off work for sick employees
It was supposed to cure sick-note Britain. But the new "fit note" regime - brought in last year to reduce long-term sickness absence - has actually doubled the time employees take off work, according to a major study.<img width='1' height='1' src=.....

Facebook IPO: the 64bn question of 2012
If it ever happens, Facebook will be the frenzied float of 2012, with a possible $100bn (64.4bn) valuation.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6b82bf/mf.gif' border='0'/><br/><br/><.....

The biggest technology IPOs of 2011 - and how the shares have performed
Facebook is preparing for a stock market listing in 2012 - as investors mull over whether the social media company is a good bet, here is how the largest technology IPOs of the last year fared:<img width='1' height='1' src='http://telegraph.feedsp.....

VAT cheats facing New Year crackdown
Small businesses and sole traders with unpaid VAT face a new year crackdown from HM Revenue & Customs (HMRC) as the tax authorities seek to tackle "rule breakers" who failed to come forward during an amnesty campaign that closed on New Year's Eve.....

Hugh Osmond plans to raise 500m with new investment vehicle
Hugh Osmond is poised to launch the successor to his Horizon investment vehicle as early as this month, with an expected fund-raising target in the region of 500m.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1.....

Crowds return to Longleat after Christmas opening
Longleat, the Wiltshire estate of the Marquess of Bath, has turned around its fortunes after attracting 100,000 visitors in its first Christmas season.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6b798f/mf.g.....

NYSE merger with Deutsche Boerse faces EU hurdle
Fresh concerns have been raised over the approval of the merger between NYSE Euronext and Deutsche Boerse as the European Commission prepares to publish its recommendation on the $9bn (5.8bn) deal.<img width='1' height='1' src='http://telegraph.fe.....

The high price of oil has blocked the West's economic escape route
The global economy will grow by around 3pc this year, down from 4pc in 2011. The US should manage a 2pc expansion, while Britain and the eurozone will struggle. A West European recession, the UK included, now looks unavoidable.<img width='1' heigh.....

Telegraph share tips for 2012
Equity markets faces one of the most challenging years in memory as Europe's debt crisis looks set to come to a head. Here are the 10 stocks Telegraph reporters have picked to beat the crisis.<img width='1' height='1' src='http://telegraph.feedspo.....

Prepare your portfolio for another politically charged 12 months
I'm guessing you will raise a glass tonight to a better 2012. No one's looking back fondly on the last year and I'm also hoping for the next 12 months to be easier.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Tom Stevenson: America still the best place to find safe-haven stocks
Thanksgiving really was the appropriate word this year. Whatever else our American cousins have to be thankful for, they are particularly grateful that they are safely on their side of the pond right now.<img width='1' height='1' src='http://teleg.....

Chinese are the new Big Spenders in town
High-spending tourists from China were out in force at the sales this week, says Alistair Osborne.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b68f4e1/mf.gif' border='0'/><br/><br/><a href=".....

Glaxo's Andrew Witty gets New Year knighthood
Andrew Witty, the chief executive of drugs giant GlaxoSmithKline, and Charles Allen, the former boss of ITV, have been knighted in today's New Year Honours list.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6.....

Panic stations: Retail and resources bear the brunt
It appears that Arkadiy Abramovich has inherited his famous father's financial nous.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66c788/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

FTSE 100: Traders stockpile drugs, fags and booze
Investors turned to defensive stocks during a year in which political turmoil and the festering debt crisis dragged the FTSE 100 down 5.6pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66c789/mf.gif' border=.....

Friday 30 December 2011

UK Financial News on 2011-12-30

House price stagnation 'to go on'
UK house prices remained relatively unchanged in 2011 and more of the same is expected in 2012, the Nationwide says......

Global markets finish a wild 2011
World stock markets finish one of the most dramatic years for the global economy, with most well down for the year......

Troubled Barratts cuts 1,610 jobs
The administrator of shoe retailer Barratts Priceless says it has made 1,610 staff redundant after failing to find a buyer......

Recession 'to return' to Europe
Most economists polled by the BBC say recession will return to Europe next year, while UK interest rates will stay at 0.5%......

Hawkin's Bazaar in administration
The owner of troubled toy and novelty gift chain Hawkin's Bazaar, the Tobar Group, enters administration......

Spain sets out new spending cuts
Spain's new conservative government announces 8.9bn euros in austerity measures in order to lower the country's borrowing......

Putin pushes forward gas pipeline
Russia brings forward the start date for building a pipeline to transport gas to Europe under the Black Sea, bypassing Ukraine......

Euro remains near lows for 2011
The euro is near its low for the year following a tumultuous 12 months in which its existence has been questioned......

UK encourages offshore drilling
The UK government awards new exploratory drilling licenses to firms looking for oil and gas - including in the English Channel......

Hungary threat to central bank
Hungary passes a controversial new law that critics say could undermine the independence of its central bank......

Royal Mail's web glitch persists
A Royal Mail website that allows people to calculate their postal costs has now been down for more than a month......

Rise in social care fees 'a tax'
Figures show a sharp rise in the cost of council services for elderly and disabled people, making charges a stealth tax on the vulnerable, Labour warns......

Japan delays sales tax increase
A key panel of Japan's ruling party agrees to postpone a planned sales tax increase amid rising opposition to the move......

D Telekom settles bribery charges
Deutsche Telekom and its Magyar Telekom arm agree to pay $95m to settle charges they paid bribes in Macedonia and Montenegro......

Japan stocks end year at 1982 low
Japan's main share index, hit by the devastating earthquake and tsunami in March, closes at its lowest year-end level since 1982......

Italy borrowing costs remain high
Italy has to pay the relatively high interest rate of just under 7% to borrow money, reflecting continued concerns about its economy......

Google tops visited US sites list
Google and Facebook are 2011's most popular sites with US users according to Nielsen. Yahoo came in third, but its position may be precarious......

Debt experts issue help warning
Debt experts warn young people not to delay seeking help if Christmas has tipped them into unmanageable debt......

Rental deals 'morally bankrupt'
Low income families are being exploited by so-called rent-to-own deals on household appliances, a children's charity warns......

Monti: 'Unite to save eurozone'
Italian Prime Minister Mario Monti calls for a 'united response' to the eurozone debt crisis as he outlines plan to get Italy out of recession......

S Korea inflation exceeds targets
South Korea's inflation rate stays above the central bank's target range in December, despite attempts to slow price growth......

Hungary abandons new debt auction
The Hungarian government has abandoned part of a planned bond auction and seen interest on the debt it did issue rise......

China 'to withdraw' car support
China says it will withdraw support for foreign investment in the country's car industry to help domestic carmakers, according to state media......

Iberia pilots strike hits flights
Spain's Iberia cancels more than a third of its flights as pilots hold a one-day strike over plans for a new low-cost airline......

AUDIO: 'Mild recession in 2012 in Europe'
Recession will return to Europe in 2012, if the majority of economists surveyed by the BBC are to be believed......

VIDEO: Can the US economy recover in 2012?
Will there be any economic improvement in the US in 2012, and what will it mean for President Obama's bid for re-election in November?.....

VIDEO: Aberdeen bucks economic trend
While most economists are predicting weak growth at best for the UK economy next year, Aberdeen in Scotland remains relatively unaffected by economic woes......

VIDEO: Warning issued over festive debt
Debt experts are warning people not to delay seeking help if Christmas has tipped them into uncontrollable debt......

VIDEO: Vulnerable 'exploited' by rent-to-buy
The children's charity, Barnardo's, has described companies which rent furniture and kitchen appliances to families who can't afford to buy them as "morally bankrupt"......

AUDIO: 'I couldn't stand being the richest man in the graveyard'
Entrepreneur Sir Tom Hunter and Nick Jenkins of charity ARK discuss how to develop a culture of giving in Britain......

AUDIO: Does technology stop us talking?
The BBC's Rory Cellan-Jones looks at whether technology and social media is a help or hindrance to communication......

VIDEO: Swiss unions voice job loss fears
Trade unions in Switzerland have warned that thousands of jobs could be lost because of the eurozone crisis and the high value of the Swiss franc......

Estonia: The muted revival of a Baltic tiger
What can we learn from fast-growing Estonia?.....

What will markets do in 2012?
Will 2012 be a catastrophe or an opportunity for investors?.....

Three big questions for the eurozone
Newsnight's Paul Mason on a tough year ahead.....

New tech horizons coming in 2012
What new technologies will set the world alight next year?.....

Swiss feel Europe's pain
Outsider Switzerland can't escape Europe's economic pain.....

The year in business: 2011
When Western economic foundations were shaken.....

Irish face new wave of emigration
New wave of young people leaving Ireland in search of jobs.....

Britain's boutique gin distilleries
London's new boutique distilleries give gin a modern remix.....

Why Iowa gets first dibs
Just days before the caucus, correspondent Jeff Mason talks with residents about why Iowa goes first in presidential politics, whether it's fair, and how well they represent America......

Verizon raises ire with fee
Dec 30 - Summary of business headlines: Verizon adds new payment fee; Sears identifies stores closing; China's manufacturing shrinks; Alleged HP executive scandal revived. Jeanne Yurman reports......

Spain unveils tax hikes to tackle deficit
Dec. 30 - Spain's new government has said the public deficit for 2011 will be 8% of GDP, well above its target of 6%, and has announced increases in income and property tax along with a wage freeze for civil servants to tackle it. Joanna Partridge re.....

2012 to be year of "global reset"
Dec. 30 - After a year marked by upheaval on the streets and uncertainty in the markets, Oxford Analytica CEO Nader Mousavizadeh predicts 2012 will see a 'global reset' while Monocle Editor-In-Chief Tyler Br says business must go on a charm offensive.....

U.S. recession still possible in 2012, says Shiller
Dec. 30 - Yale Economist Robert Shiller warns a double-dip recession could still happen in the U.S. for 2012 and warns the Fed has no more ammo to prevent any downturn from happening......

U.S. Morning Call: Futures mixed; a smitten Hurd revealed
Dec. 30 - U.S. stock index futures are pointing to a mixed open on Wall Street for the last session of 2011. A lawyer's letter claims former Hewlett Packard CEO Mark Hurd made aggressive romantic advances......

Morning Briefing: Ex-HP CEO Hurd agressive romancer-letter
Dec. 30 - Former HP CEO Mark Hurd made aggressive romantic advances toward an independent contractor, who later accused him of sexual harassment, according to claims in a letter from her lawyer......

Blessing or burden? A decade of the euro
Dec. 30 - Ten years after Germany started using the euro, the single currency is facing a make or break year and economists say the euro hasn't worked out as planned. Joanna Partridge reports.....

U.S. Morning Call: Futures mixed on final 2011 trading day
Dec. 30 - U.S. stock index futures are pointing to a mixed open on Wall Street for the last session of 2011......

Bank turmoil looks set to continue
Dec. 30 - A look back at a tumultuous year for the financial sector and ahead towards some of the challenges that await in 2012. Penny Tweedie reports.....

Samoa cancels Dec. 30 in time leap
Dec. 30 - Samoa skips 24 hours ahead as it ditches a time-zone alliance with the United States. Paul Chapman reports......

China's factories falter, pro-growth policies eyed
Dec. 30 - HSBC's China's PMI index rises from a record low, but still indicates shrinking factory activity......

Tokyo stocks nearly 20 percent down in 2011
Dec. 30 - Tokyo benchmarks shed around 18 percent in 2011, after a tumultuous year marked by the March earthquake, Thai floods and the euro zone crisis. Arnold Gay reports......

Long live gloom - it's a great time to buy shares!
Breakingviews say shares are their cheapest in a generation, but stock up also on gold and tinned food......

No Hollywood ending for 2011
Dec. 29 - Despite higher ticket prices and a few summer hits it was a down year for the movie industry. Analysts, however, expect a pick up in 2012. Jeanne Yurman reports......

Asia: the week ahead
Dec. 30 - Europe looms large as Asia prepares to ring in 2012, with investors watching PMI data from China and India, as well as trade figures from Australia and Seoul. Tessa Dunlop reports......

More easing seen as China's factory sector shrinks again
Dec. 30 - China's vast factory sector likely shrank again December, setting the stage for another possible round of policy easing. Arnold Gay reports......

U.S. Stocks jump one percent
Dec. 29 - Summary of business headlines: U.S. stocks gain on encouraging economic news; Pending home sales surge; Midwest factory activity improves; Italian 10-year bonds hover near 7 percent. Bobbi Rebell reports......

U.S. Day Ahead: 2011 could end with fireworks
Dec. 29 - Friday is set to be dominated by two economic indicators, potential salacious scandal and a showdown between a bond guru and his former bosses......

Breakingviews: Confidence key for tech trends in 2012
Dec. 29 - The importance of confidence in cloud computing and cybersecurity are two of the hottest trends in tech......

DOJ online gambling ruling is confusing, says industry
Dec. 29 - American Gaming Association CEO Frank Fahrenkopf says the gambling sector needs uniform regulation to protect consumers and prevent illegal sites from operating in the U.S......

Stocks rise in light trading
Dec. 29 - Summary of business headlines: Stocks rise in early trade; Italian bond yields remain near 7 percent; 15-month low for euro vs. dollar; Jobless claims rise; Encouraging data on housing market. Bobbi Rebell reports......

ECB jumps back after lukewarm Italian sale
Dec. 29 - The euro sinks to a fifteen-month low and the ECB is forced to step back into the market after a poorly received Italian debt auction......

Iberia pilots' strike grounds flights
Dec. 29 - Pilots at Iberian airlines have gone on strike in Spain, affecting flights and travellers for the second time this month. Ciara Sutton reports......

Italian yields remain high after tough sale
Dec. 29 - Italy's borrowing costs fell from their recent record highs in an auction of ten-year debt, but remain at levels seen as unsustainable in the long term, underlining the challenges facing Prime Minister Mario Monti who has promised to tackle.....

Verizon Cracks Under Pressure: Cancels $2 Convenience Fee
Lest you fear Verizon has gone mad with power by trying to charge people $2 for paying their bills online, take heart because the Interwebz have spoken. Less than 24 hours after news got around that Verizon was going to institute the convenience fee .....

Ben Breedlove: YouTube Star Gets Massive Love After his Death
Ben Breedlove, the YouTube star who died at the young age of 18, has received massive love - both online and offline - after his death. Breedlove died from a heart attack induced by his heart disease hypertrophic cardiomyopathy......

Man deported from Canada admits crimes: China
China&s most wanted man, who was deported from Canada in July after a decades-long legal battle, has admitted to his crimes and will now be handed over to prosecutors, state media reported on Friday......

GM recalls 4,873 Sonic cars in U.S. and Canada
General Motors Co is recalling 4,873 of its current year Chevrolet Sonic subcompact cars in the United States and Canada for possible missing front brake pads, the company and federal safety regulators said on Friday......

Verizon Drops $2 Fee Plan after Customer Backlash
Only a day after originally announcing a $2 fee for one-time telephone and online bill payments, Verizon Wireless scrapped the plan after a flurry of consumer backlash......

Say Goodbye to U.S. Ethanol Tax Breaks and Tariffs
On Saturday, the United State&s tax credit and tariff on ethanol is set to expire, and that makes Brazilian ethanol producers and sugarcane growers very happy......

Top Reasons Why The 'Unbeliebers' Just Do Not Like Justin Bieber
Did you ever wonder why Justin Bieber is still hated by some people even when he remains to be one of the most popular names in world of entertainment today, whether music or Hollywood? Here are some reasons that could possibly playing in the minds o.....

Distribution Warehouses Under Pressure for Temporary Staffing
The warehousing sector of the supply chain industry is under pressure recently after a series of investigative reporting has uncovered the tenuous situation of thousands of temporary employees......

Coconut Water: The Lastest Thing from the Beverage Industry
Coconut water is the latest trend from the beverage industry, hitting store shelves all over the world and roping in consumers through fruity flavors and touted health benefits. When did this all start?......

Bank of Melbourne Moves Fixed Rate Peg
Bank of Melbourne has reduced fixed rates, only a week after offering to price match any other major......

Women, Gen Y Tighten the Purse Strings
Spending less is more this Christmas festive season - especially if you are a woman, or Gen Y......

Appeals Court Upholds Telecom Immunity Over Domestic Spy Program
The Ninth Circuit Court of Appeals upheld a law giving telecommunication giants immunity over the Bush Administration&s domestic surveillance program, but authorized lawsuits against the federal government......

New Year's Resolutions from 'The Godfather'
What did you learn from the timeless classic &The Godfather& and how can you use those lessons for the New Year?.....

REIA not Alone in Running Out of Ideas
Domain.com.au&s recent blog entry highlighted a trend amongst an industry and governments that have run out of ideas on how to make housing more affordable......

2011 Hollywood Celebrities with the Most Influential Hairstyle
2011 is coming to an end and what better way to end it than by announcing the years trendsetters when it comes to hairstyles......

Top Celebrities Who Had Their Biggest Breaks Without Even Winning The Mega Millions [PHOTOS]
Here we feature the top celebrities whom we know has been able to turn their unfortunate life stories around to become the most successful ones in the world......

Spanish Banks Stuck with 30bn in Unsellable Property
According to a recent report from a risk adviser to Banco Santander SA (SAN) and five other lenders, Spanish banks are currently holding 30 billion Euros worth of property that they cant sell......

China Slows Significantly, House Prices Vulnerable
How much further will the slide in Chinese house prices go? National house prices had their third monthly decline in November, a fall of 0.3%, according to the China Real Estate Index System (CREIS)......

Is Lady GaGa Really House-Hunting with Her Rumored Boyfriend in Pennsylvania?
The latest celebrity real estate rumor to get tossed around involves none other than pop superstar Lady GaGa. The 25-year-old singer has been spotted around Lancaster County, Pennsylvania touring a few homes for sale......

Daily Gadget News First Phone with a Quad Core Processor, Rumors About the Apple iTV and Airplay Plays Nice with Google TV
Every single day, weve got dozens of news coming from the tech and mobile industries, and while most of them are pretty boring, there are some items that are both interesting and worthy of knowing. Heres the most noteworthy news for today:......

Katy Perry Out For A Sexy Swim This Christmas Break [PHOTO]
Amongst the stars who decided to make their holiday be spent in a tropical setting is the singer and wife of Russell Brand, Katy Perry. Other stars seen hitting the beach for the holidays include Kimora Lee Simmons, Stephanie Seymour and a lot more......

Is the Samsung Galaxy Note a Good Substitute for a 7-inch Tablet?
The most popular trend in the smartphone world was the ever increasing screen size - the average display size went from 2.8 inches to 4 inches in less than 5 years, and surprisingly, we&re still OK with the size of the handsets......

LG X-Note Z330 Ultrabooks Keep Getting Thinner, and More Expensive
LG is really getting into the whole Ultrabooks game, and they look like they&re going to be very successful, as well, judging by the quality of their products and the reviews online (even though a lot of people say that their Ultrabooks are a direct .....

Gadgetmania Recommends Best Laptop Workstations for Road Warriors
If your job includes you traveling with your computer everywhere, and doing some resource intensive work on it, as well, you&ve probably been in a tight spot when choosing the best laptop for the job many times before......

Using a Tablet to Replace your Cars Head Audio Unit Gadget Experience from GadgetMania
Whether youre using your car for everyday work or just for occasional trips, youve most probably already thought about improving something inside. The head audio unit is one of the things you can easily replace, but if you want something truly unique.....

Casey Anthony Trial and 10 Other Controversial Legal Cases of 2011 [PHOTOS]
This year there were several legal cases that tugged on the heart strings of America and those outside the nation. There was public outcry when Casey Anthony was acquitted of the murder of her 2-year-old daughter, Caylee. Don&t forget the Jerry Sandu.....

LG Spectrum the Second Revolution is Coming to Verizon
The LG Revolution was one of the first smartphones to carry an LTE radio on Verizon&s network, but otherwise it was a pretty standard midrange device that was released to keep people busy this past summer......

Brock Lesnar vs Alistair Overeem: Predictions and Poll
The highly anticipated Brock Lesnar vs Alistair Overeem fight is just hours away. Prelims on Facebook starts at 6:50 p.m. ET and the event starts at 10 p.m. ET. UFC has listed multiple ways to watch the paid event......

Broncos - Chiefs: Prediction, Betting Odds, and Preview for Sunday's Regular-Season Finale
The Broncos head to the playoffs with a win, or a loss by the Raiders......

Egypt Assures U.S. No More Raids on Democracy Groups
Egyptian officials have assured the United States they will halt raids on pro-democracy and human rights groups and return property seized in a crackdown that strained ties with Washington, U.S. officials said on Friday......

Panic stations: Retail and resources bear the brunt
It appears that Arkadiy Abramovich has inherited his famous father's financial nous.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66c788/mf.gif' border='0'/><br/><br/><a href="http://da.feed.....

FTSE 100: Traders stockpile drugs, fags and booze
Investors turned to defensive stocks during a year in which political turmoil and the festering debt crisis dragged the FTSE 100 down 5.6pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66c789/mf.gif' border=.....

'Euro will be stable' claim is ridiculed
Germany's finance minister has been accused of groundless optimism after he claimed that Europe's leaders will have "banished the dangers" of the euro crisis within 12 months.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/.....

Deloitte fails to find buyer for Barratts Priceless
On the last Friday of 2011 carnage continued on the high street, as administrators of Barratts Priceless failed to find a buyer for the shoe store.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66e654/mf.gif' .....

Hewlett-Packard boss pursued contractor
Mark Hurd, the former chief executive of Hewlett-Packard, spent two years trying to convince an actress who was employed as a contractor at the personal computer maker to have sex with him, according to claims in a letter from her lawyer.<img widt.....

FTSE 250: Clouds gather over high street as retailers beat a hasty retreat
OCADO and SuperGroup's first full year of trading as public companies might well be one their investors would rather forget.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b66e658/mf.gif' border='0'/><br/&.....

FTSE loses 90bn over year but eurozone fares worse
The FTSE 100 has ended 2011 down after a turbulent year that has seen around 90bn wiped off the value of the index, but despite the fall shares in London have fared much better than those in Frankfurt and Paris.<img width='1' height='1' src='http:.....

FTSE 100 lifted by BG's Brazil oil breakthrough
Britain's top share index ended the day up after late rally on Friday but remains down on the year in which the threat of contagion from the eurozone debt crisis has unsettled investors.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Spain unveils 8.9bn of cuts but warns deficit will rise
New government to cut public spending by 8.9bn in 2012 but warned the country's deficit would be higher than expected.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b65d121/mf.gif' border='0'/><br/><.....

Five funds for 2012
Here are five of the experts' favourite investment funds for the year ahead.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b65128c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal......

FTSE ends year down 5.5pc but eurozone fares worse
London's index of leading shares edged higher in a shortened final day of trading in 2011 to end a turbulent year dominated by the eurozone debt crisis down 5.55pc - a far better performance than rival eurozone indices.<img width='1' height='1' sr.....

Should you buy shares in 2012 or give them the thumbs down?
Shares seem cheap, but another shock could finally cause buyers to sell.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b65128e/mf.gif' border='0'/>.....

Mortgage debt cut by 8.6bn but Bank of England sees little sign of rush by households to reduce debts
Britons injected 8.6bn of net equity into their homes in the third quarter reflecting ongoing weakness in the housing market, but the Bank of England sees "little sign" of households trying to clear their debts more quickly.<img width='1' height='.....

Homeowners inject 8.6bn of equity in third quarter
Britons injected 8.6bn of net equity into their homes in the third quarter reflecting continued weakness in the UK housing market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b64466d/mf.gif' border='0'/>&l.....

Hawkin's Bazaar appoints administrators
Over 400 jobs at risk as novelty gift retailer appoints administrators.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b631e9e/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r.....

Italy seeks boost to bail-out fund
Mario Monti has pleaded for the eurozone to expand its "big bazooka" bail-out fund as an expensive Italian bond auction suggested that even last week's flood of cheap loans from the ECB has failed to stem the crisis.<img width='1' height='1' src='.....

FTSE 100 on course to end turblulent year down
London's index of leading shares fell in a shortened final day of trading in 2011, putting it on course to end a turbulent year down - so far it has fallen 5.9pc.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b.....

Spanish Prime Minister Mariano Rajoy to unveil multi-billion euro cuts
Spain's centre-right government will announce billions of euros in savings measures on Friday, using its first decrees since sweeping to power at November elections to give the nation a foretaste of tougher austerity to come.<img width='1' height=.....

German finance minister Wolfgang Schaeuble says eurozone problems will be solved in 2012
Germany's finance minister Wolfgang Schaeuble says he's confident that Europe's politicians will manage to stabilize the eurozone in 2012 and keep the continent's common currency together.<img width='1' height='1' src='http://telegraph.feedsportal.....

House prices fall as Nationwide warns of sluggish 2012
House prices dipped in December, Nationwide said, adding that the market looked likely to remain sluggish.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b61ce62/mf.gif' border='0'/><br/><br/><.....

Chinese manufacturing continues to shrink
China's manufacturing activity continued to shrink in December, as economic strife in the key European and US markets hobbled demand for the nation's goods.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b6185d8.....

Government reveals 'alarming' pension shortfall
Fewer than four in 10 Britons are saving into a private pension, the lowest level for a decade.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b61818e/mf.gif' border='0'/><br/><br/><a href="htt.....

Business investment and exports, the only way forward says CBI
Next year, 2012, must be the year the UK finally stops agonising about rebalancing its economy and actually does so, said the head of the CBI in his new year message.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

AstraZeneca staff find new jobs ahead of plant closure
More than 1,000 workers at AstraZeneca's research base in Loughborough have found new work ahead of its closure.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf40/mf.gif' border='0'/><br/><br/&g.....

Brisk start to post-Christmas sales, but too late for some
Hordes of bargain-hunters hit the Boxing Day sales, according to property firm Hammerson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf41/mf.gif' border='0'/><br/><br/><a href="http://da.....

Thursday 29 December 2011

UK Financial News on 2011-12-29

Italy borrowing costs remain high
Italy has to pay the relatively high interest rate of just under 7% to borrow money, reflecting continued concerns about its economy......

D Telekom settles bribery charges
Deutsche Telekom and its Magyar Telekom arm agree to pay $95m to settle charges they paid bribes in Macedonia and Montenegro......

Debt experts issue help warning
Debt experts warn young people not to delay seeking help if Christmas has tipped them into unmanageable debt......

Rental deals 'morally bankrupt'
Low income families are being exploited by so-called rent-to-own deals on household appliances, a children's charity warns......

Monti: 'Unite to save eurozone'
Italian Prime Minister Mario Monti calls for a 'united response' to the eurozone debt crisis as he outlines plan to get Italy out of recession......

China 'to withdraw' car support
China says it will withdraw support for foreign investment in the country's car industry to help domestic carmakers, according to state media......

US sells $30bn in jets to Saudis
The US confirms the sale of nearly $30bn of fighter jets to Saudi Arabia, saying the deal would send a "strong message" to countries in the region......

Hungary abandons new debt auction
The Hungarian government has abandoned part of a planned bond auction and seen interest on the debt it did issue rise......

Iberia pilots strike hits flights
Spain's Iberia cancels more than a third of its flights as pilots hold a one-day strike over plans for a new low-cost airline......

Retailers 'face spending squeeze'
The UK retail sector faces another tough year in 2012, researchers say, with spending expected to rise at one of the slowest rates in decades......

Alibaba hires US lobbying firm
China's Alibaba Group hires US lobbying firm fuelling further speculation it is preparing a bid for internet giant Yahoo......

S Korea output sees domestic dip
South Korea's industrial output shrank in November as weaker domestic demand weighed on the construction and service sectors......

Bombardier handed 188m contract
Derby trainmaker Bombardier is awarded a 188m contract to build 130 carriages for rail company Southern......

Unemployment 'to worsen in 2012'
UK unemployment will keep rising in 2012 and peak in 2013, according to the Chartered Institute of Personnel and Development......

D2 Jeans goes into administration
Store chain D2 Jeans has gone into administration, making 200 staff redundant and putting hundreds more jobs at risk......

Big Society projects get 3.1m
Big Society projects are to receive 3.1m in funding from dormant bank accounts, the government announces......

Iran in threat to block oil route
Iran threatens to close a vital oil-trade route if the West imposes more sanctions over its controversial nuclear programme......

Gas pipeline gets Turkey go ahead
Turkey gives permission for the South Stream gas pipeline to be built across its territories, according to Russian gas giant Gazprom......

Google tops visited US sites list
Google and Facebook are 2011's most popular sites with US users according to Nielsen. Yahoo came in third, but its position may be precarious......

Betfair voids bets on horse race
Betfair voids all bets made during a race at Leopardstown after an "obvious technical failure" left it liable for a multi-million pound payout......

Call for new flood insurance deal
Tens of thousands of people who were flooded in 2007 may find it impossible to get cover for their homes and businesses unless the government and insurers reach a new agreement......

India and Japan in currency deal
India and Japan have signed a $15bn (9.7bn) currency swap agreement as the two nations seek to boost financial co-operation......

Cyprus confirms gas reserve find
Cyprus announces a major gas find which could help boost the country's struggling economy, but Turkey has opposed drilling......

Japan's industrial output dips 4%
Japan's industrial production falls in November, pulled down by a strong yen, weak global demand, and flooding in Thailand......

GoDaddy boycott over piracy views
Wikipedia and the firm behind Lolcats are ending links with GoDaddy following the US hosting firm's support for a controversial anti-piracy law......

Android and iOS activations soar
Estimates and official figures suggest a surge in activations of Google Android and Apple iOS devices on Christmas Day - more than double when compared to 2010......

LCD firms in price fix settlement
Six LCD screen makers, including Samsung, agree to pay $533m (357m) to settle claims they conspired to fix prices......

VIDEO: Aberdeen bucks economic trend
While most economists are predicting weak growth at best for the UK economy next year, Aberdeen in Scotland remains relatively unaffected by economic woes......

VIDEO: Warning issued over festive debt
Debt experts are warning people not to delay seeking help if Christmas has tipped them into uncontrollable debt......

VIDEO: Vulnerable 'exploited' by rent-to-buy
The children's charity, Barnardo's, has described companies which rent furniture and kitchen appliances to families who can't afford to buy them as "morally bankrupt"......

AUDIO: 'I couldn't stand being the richest man in the graveyard'
Entrepreneur Sir Tom Hunter and Nick Jenkins of charity ARK discuss how to develop a culture of giving in Britain......

AUDIO: Does technology stop us talking?
The BBC's Rory Cellan-Jones looks at whether technology and social media is a help or hindrance to communication......

VIDEO: Swiss unions voice job loss fears
Trade unions in Switzerland have warned that thousands of jobs could be lost because of the eurozone crisis and the high value of the Swiss franc......

VIDEO: Flights hit as Iberia pilots strike
Pilots at the Spanish airline Iberia are holding a one-day strike on Thursday, grounding more than a third of all flights......

AUDIO: Pawnbrokers see rise in business
Pawnbrokers Albermale and Bond say their industry's boom is due to banks tightening their lending criteria......

The year in business: 2011
When Western economic foundations were shaken.....

Irish face new wave of emigration
New wave of young people leaving Ireland in search of jobs.....

Britain's boutique gin distilleries
London's new boutique distilleries give gin a modern remix.....

Australia's housing market faces tough times
Worrying rise in Australian repossessions.....

House prices: Will they fall or rise in 2012?
Will they fall or rise in 2012?.....

Today's email is 'not acceptable'
Email is unacceptable in its current form, says Mimecast boss.....

Solar power push faces challenges in Texas
Oil state Texas' green vision is under threat.....

U.S. Day Ahead: 2012 could end with fireworks
Dec. 29 - Friday is set to be dominated by two economic indicators, potential salacious scandal and a showdown between a bond guru and his former bosses......

Breakingviews: Confidence key for tech trends in 2012
Dec. 29 - The importance of confidence in cloud computing and cybersecurity are two of the hottest trends in tech......

DOJ online gambling ruling is confusing, says industry
Dec. 29 - American Gaming Association CEO Frank Fahrenkopf says the gambling sector needs uniform regulation to protect consumers and prevent illegal sites from operating in the U.S......

Stocks rise in light trading
Dec. 29 - Summary of business headlines: Stocks rise in early trade; Italian bond yields remain near 7 percent; 15-month low for euro vs. dollar; Jobless claims rise; Encouraging data on housing market. Bobbi Rebell reports......

ECB jumps back after lukewarm Italian sale
Dec. 29 - The euro sinks to a fifteen-month low and the ECB is forced to step back into the market after a poorly received Italian debt auction......

Iberia pilots' strike grounds flights
Dec. 29 - Pilots at Iberian airlines have gone on strike in Spain, affecting flights and travellers for the second time this month. Ciara Sutton reports......

Italian yields remain high after tough sale
Dec. 29 - Italy's borrowing costs fell from their recent record highs in an auction of ten-year debt, but remain at levels seen as unsustainable in the long term, underlining the challenges facing Prime Minister Mario Monti who has promised to tackle.....

Morning Briefing: U.S. jobless claims up; monitoring Syria
Dec. 29 - U.S. weekly initial jobless claims climbed for the first time in 4 weeks to 381,000, and Arab League monitors fan out across protest-hit Syria......

U.S. Day Ahead: Home sales set to spur recovery hopes
Economics Editor Stella Dawson says U.S. pending home sales could increase by two percent in November, another sign that the housing sector is stabilizing......

No downgrade fears for French AAA champagne
Dec. 29 - While France could lose its top AAA credit rating in 2012, a "Triple A" champagne, made with grapes from Avize, Ay and Ambonnay, has become a popular tipple. Ciara Sutton reports......

Model train delivers restaurant drinks
Dec. 29 - The Vytopna Railway Restaurant in Prague has installed a model railway to deliver drinks to waiting customers. Hayley Platt reports......

2012: Make or break for the euro zone
Dec. 29 - The euro zone debt crisis spread from the periphery to the core in 2011, as austerity and social unrest grew and governments fell. With Europe now looking to move towards closer to fiscal union, analysts say 2012 will be make or break for t.....

Rome 10Y auction could struggle: Citi
Dec. 29 - Record ECB deposits and uncertainty over Draghi's desire to hike bond buys are a bad omen for Italy, which tests demand for peripheral debt with an 8 bln auction of longer-term paper today......

Asian markets wind down 2011 with double-digit losses
Dec. 29 - Asian stock markets wind down an eventful year, marked by the Japan earthquake, Thai floods, debt crises and the Arab Spring. Arnold Gay reports......

China's labour unrest to continue in 2012
Dec. 29 - LG Display workers in Nanjing, China, return to work after a bonus dispute; but expect more unrest ahead, says labour activist. Jane Lanhee Lee reports......

U.S. Morning Call: Stock futures up, Alibaba hires lobbyist
Dec. 29 - U.S. stock futures are pointing to a steady open on Wall Street, and Alibaba Group hires a Washington lobbying firm in a sign that the company would be willing to make a bid for all of Yahoo......

European IPOs may need big backers to turn corner
Breakingviews......

Year-end rally fizzles
Dec. 28 - Summary of Business Headlines: S&P erases gains for the year; Euro hits fresh 11-month low; Crude prices fall back; Gasoline demand rises; Shoppers continue to spend post-holiday. Bobbi Rebell reports......

The economy in 2012
Dec. 28 - Top economists offer their forecasts for jobs, housing, and the euro zone crisis for 2012. Jill Bennett reports......

Worst customer satisfaction websites
Dec. 28 - Summary of business headlines: Netflix and Gap lose in customer satisfaction survey; Morgan Stanley job cuts; More retail cheer. Bobbi Rebell reports......

Morning Briefing: North Korea mourns Kim, Mubarak trial resumes
Dec. 28 - North Korea stages a huge funeral in Pyongyang for former leader Kim Jong-il, and Egyptian President Hosni Mubarak's trial resumes after a delay of almost two months......

Trading at Noon: Wall St. falls on 2012 outlook concerns
Dec. 28 - U.S. stocks are down with investors expressing concern about the outlook for early 2012, and the S&P 500 erasing its gains for the year......

Poor Italian bond auction may not shake sentiment: Ladwa
Dec. 28 - Even a disappointing 8.5 billion Italian bond auction tomorrow may not hit market sentiment, according to Manoj Ladwa, Senior sales trader at ETX Capital......

Brazil not UK is 6th largest economy
Dec. 28 - A new survey from a London research group suggests Brazil has overtaken the UK as the world's sixth largest economy. Sonia Legg reports......

Queues for Spanish citizenship
Dec. 28 - Cubans and Argentines queue for Spanish citizenship as the "grandchild law" which gives grandchildren of Spaniards who fled the Civil War citizenship ends. Lily Grimes reports......

U.S. Mortgage Rates End Year at 3.95 Percent, Near Historic Low: Freddie Mac
U.S. 30-year fixed-rate mortgage rates averaged 3.95 percent in the week ending Dec. 29, according to Freddie Mac......

Syrian forces kill 25 protesters, monitors reach cities
Syrian security forces shot dead 25 people on Thursday, including in cities being visited by Arab League monitors to check whether President Bashar al-Assad is keeping a pledge to end a crackdown on popular unrest......

Car Recalls 2011: Toyota, Honda, Mazda and Spiders Headline the List [PHOTOS]
As 2011 comes to a close, we&re taking a look back at some of the hiccups auto companies faced this year -- namely, problems in its cars that forced either voluntary or mandatory recalls......

Financier Edwards' RCR buys British Columbia ski resort
A ski resort company owned by Calgary financier Murray Edwards has bought Kicking Horse Mountain Resort in British Columbia from its Dutch developer, bringing to three the number of properties it owns in the Rocky Mountain region, which is known for .....

U.S. court revives Celestica shareholder lawsuit
Celestica Inc was ordered by a U.S. appeals court to face a shareholder lawsuit accusing the Canadian electronics company of securities fraud for misleading investors about its financial health and restructuring costs......

Vast Titanic collection to be sold off in one lot
The biggest collection of Titanic artefacts is to be sold off as a single lot in an auction timed for the 100th anniversary in April of the sinking of the famed ocean liner......

Police Apprehend Sex Offender Accused of Assaulting Teenager
The New York City Police Department announced that they apprehend a man in connection with sexually assaulting a teenage boy and posing as a police officer......

Scrappy spirit not enough to earn Raptors win
The Toronto Raptors delivered every ounce of effort they promised fans before their NBA home opener against Indiana on Wednesday but it would not be enough to secure the victory as the Pacers ran out 90-85 winners......

Will LaDainian Tomlinson Retire After the Season? Jets RB Says It's Possible
Could future Hall of Famer LaDainian Tomlinson be playing his last game this Sunday against the Miami Dolphins? The New York Jets runningback didn&t give a clear-cut answer to reporters on Thursday, but he did say that he would 'wait and see what hap.....

New Years Day 2012: 18 Tips For How-To Cure A Hangover
With New Year&s Eve around the corner, many feel the looming inevitability of the struggles of the hangover. We offer you 18 tips to fend off the inevitable aches and pains that will plague New Year&s Day 2012......

Sinead O'Connor: crack cocaine ended 16-day marriage
Move over, Whitney and Bobby......

"Game of Thrones" author posts excerpt from new book
Fans of novelist George R. R. Martin&s 'A Song of Ice and Fire' fantasy series are melting. The 'Game of Thrones' author just released a previously unpublished sample chapter from the upcoming sixth installment, 'The Winds of Winter,' on his Website......

Michael Buble defeats Young Jeezy's "Hustlerz Ambition"
Michael Buble continued his 'Christmas' reign at the top of the Billboard 200 album chart on Wednesday for the fifth consecutive week, keeping Adele and rapper Young Jeezy from the No. 1 position......

Family of Marine jet crash victims awarded $17.8 million
The surviving relatives of four family members killed when a Marine fighter jet crashed into their San Diego home in 2008 were awarded $17.8 million by a federal judge on Wednesday......

Kings of Leon frontman Caleb expecting first child
Kings of Leon frontman Caleb Followill and his wife, Victoria&s Secret model Lily Aldridge, said on Thursday they are expecting their first child, ending a rollercoaster year for the rock band......

Meryl Streep is "brilliant" in "Iron Lady"
In interviews, star Meryl Streep and director Phyllida Lloyd ('Mamma Mia!') have joked that 'The Iron Lady,' their film about former British Prime Minister Margaret Thatcher, is the girl version of 'King Lear.'......

Verizon to add $2 bill-pay charge
Verizon Wireless, which this month angered customers with three separate data service problems, said on Thursday it will add a $2 fee for one-time telephone and online bill payments......

Bombardier gets order for 5 business jets
Bombardier Inc (BBDb.TO: Quote) said on Thursday its aerospace division has received a firm order for five Challenger 850 business jets valued at about $156 million......

Canon Powershot S95 vs Nikon Coolpix S3100: Which is Better?
Photography has long been a popular hobby for those who could afford quality cameras and had the free time to shoot what they wanted. With a point and shoot camera today, anyone can be a pro photographer, and the Canon Powershot S95 and Nikon Coolpix.....

Loonie flat but outperforms majors in thin trade
The Canadian dollar was little changed against the U.S. dollar on Thursday morning but that meant it outperformed other major currencies as the greenback consolidated the sharp safe-haven gains it made in thin year-end trade in the previous session......

Amazon shares dip on growth concerns
Amazon.com Inc shares fell to their lowest level since late March on Thursday on concern about sales growth during the online retailer&s crucial fourth quarter......

Sears lists 79 store closings, spares Illinois
Sears Holdings Corp (SHLD.O: Quote) on Thursday identified 79 of the 100 to 120 Sears and Kmart stores it said earlier this week it would close, with the list almost evenly split between the two chains......

Diamond Foods gains on rumors of Einhorn investment
Shares of Diamond Foods Inc <DMND.O>, currently the target of a regulatory probe, rose as much as 14 percent, after CNBC reported rumors that high-profile investor David Einhorn may have invested in the company......

New Year's Tears for Auld Lang Syne
For John Salemme, the mention of Egypt brings to my mind one thing: a lonely, tearful train ride on New Years Eve......

CAW seeks strike OK at Caterpillar plant
The head of the Canadian Auto Workers union is looking for a green light from members to potentially strike Caterpillar over a contract dispute in London, Ontario......

Paul Christoforo Exclusive Interview: Ocean Marketing Prez Talks Penny Arcade Incident, His Future
Paul Christoforo and his Ocean Marketing firm were dumped by N-Control Wednesday after a rude exchange with a customer went public. In an exclusive interview with the IBTimes, Christoforo discusses the incident, hate mail, and his future......

Michael Jordan Makes a Comeback in Marriage
The NBA legend is engaged to a Cuban-American model......

Russians Submerge Nuclear Submarine to Douse Fire
Russia tried to submerge a burning nuclear submarine at a navy shipyard on Thursday after battling for hours with helicopters and tug boats to bring the raging blaze under control......

Egyptian Police Raid U.S.-Backed Pro-Democracy Groups
Egyptian prosecutors and police raided offices of 17 pro-democracy and human rights groups Thursday - including several funded by the United States - in what rights defenders described as a campaign against them by the military rulers......

Anuj Bidve's Murder: Was it Really a Hate Crime?
Anuj Bidve was shot to death at close range on Boxing Day (the day after Christmas) in Salford, a borough of Greater Manchester......

AstraZeneca staff find new jobs ahead of plant closure
More than 1,000 workers at AstraZeneca's research base in Loughborough have found new work ahead of its closure later this week.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf40/mf.gif' border='0'/><.....

Brisk start to post-Christmas sales, but too late for some
Hordes of bargain-hunters hit the Boxing Day sales, according to property firm Hammerson.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf41/mf.gif' border='0'/><br/><br/><a href="http://da.....

Betfair loses 40m on Leopardstown after 'technical glitch'
More than 40m has been wiped off the value of Betfair since the Christmas Hurdle at Leopardstown on Wednesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf42/mf.gif' border='0'/><br/><br/>.....

US authorities prepare criminal charges over Gulf of Mexico oil spill
BP engineers could face US criminal charges early in the new year over the oil spill in the Gulf of Mexico.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf43/mf.gif' border='0'/><br/><br/><.....

UK companies to invest 2.5bn in renewables
British companies have announced plans to invest a total of 2.5bn in renewable energy projects, according to the Energy Secretary Chris Huhne.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf44/mf.gif' borde.....

Major Dubai companies 'may need bail-outs'
Some of Dubai's biggest companies will need state-funded bail-outs in 2012 if large-scale defaults are to be avoided, Standard & Poor's (S&P) has warned.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5.....

Plus Markets Group rejects offer for its derivatives unit
Plus Markets Group has rebuffed a takeover approach for its fledgling derivatives business, Plus-DX.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5faf46/mf.gif' border='0'/><br/><br/><a href.....

Spain's economy worsening, says central bank
The Bank of Spain has warned that the economy has worsened, rattling investor confidence in Europe's fourth biggest economy just as recently installed prime minister Mariano Rajoy prepares to unveil his immediate budget plans.<img width='1' height.....

Italy seeks boost to bail-out fund
Mario Monti has pleaded for the eurozone to expand its "big bazooka" bail-out fund as an expensive Italian bond auction suggested that even last week's flood of cheap loans from the ECB has failed to stem the crisis.<img width='1' height='1' src='.....

US jobs market offers some hope for 2012
The US is ending the year with encouraging signs from its jobs market, which has proved to be the Achilles Heel of the recovery in the world's largest economy.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5fa.....

Eurozone credit crunch fears on M3 money contraction
Europe is at mounting risk of a fresh credit crunch after the eurozone money supply contracted for a second month in November and the volume of private loans began to shrink.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f.....

Italian prime minister Mario Monti urges united response to euro debt crisis as Italy scrapes through bond test
Italian Prime Minister Mario Monti urged a united response against the continuing eurozone debt crisis after the embattled eurozone nation scraped through a closely watched bond test.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....

US jobs market improves despite rise in benefits claims
New US claims for unemployment benefits rose higher than expected last week, but the underlying trend continued to point to improving conditions in the jobs market.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Second rallying call for winter fuel campaign
Appeal has so far raised 500,000 from donated winter fuel payments.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5deafd/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/121.....

Alibaba needs all the help it can get to buy Yahoo!
Lots of names have been linked to Yahoo! - Microsoft not least among them - but would-be buyers are hardly clamouring to close a deal.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5dc0ee/mf.gif' border='0'/&g.....

Alexander Dennis withdraws Optare offer
Alexander Dennis, the UK's leading bus manufacturer, has withdrawn a possible offer for rival Optare, leaving the way open for India's Ashok Leyland to take control of the company.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3.....

Italian bond auction highlights eurozone nation's woes
Signs that Italy faces a tough start to 2012 were evident on Thursday as the country's final bond sale of the year saw nervous investors demand close to 7pc to hold the ailing nation's 10-year debt.<img width='1' height='1' src='http://telegraph.f.....

Rent-to-buy goods 'can cost double'
Buying household goods from "rent-to-buy" companies can double the cost, Barnardo's warns.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5c95ae/mf.gif' border='0'/><br/><br/><a href="http://d.....

Euro slides after Italian bond auction falls short of target
The euro fell and stock markets remained cautious after Italian borrowing costs slipped from recent record highs in a debt sale but investors still demanded a near "unsustainable" interest rate to hold 10-year bonds.<img width='1' height='1' src='.....

Angela Merkel's economic adviser Weder di Mauro refuses to rule out eurozone break-up
One of German Chancellor Angela's Merkel's economic advisers, Beatrice Weder di Mauro, has refused to rule out a break-up of the eurozone, in an interview published on Thursday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/3272.....

China's Alibaba hires US lobbying firm as it eyes buying Yahoo!
Alibaba, the Chinese e-commerce giant, has hired a Washington lobbying firm for the first time, in an apparent signal of its intent to buy all of Yahoo! if attempts to untangle the companies' Asian partnership fail.<img width='1' height='1' src='h.....

Low interest rates save home owners from bankruptcy
The number of people becoming insolvent fell this year to its lowest level since the start of the financial crisis.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5ac947/mf.gif' border='0'/><br/><br.....

Euro jitters continue as markets braced for key Italian bond auction
The euro fell to a decade-low aginst the yen on Thursday, as thin holiday trading magnified the shared currency's weakness ahead of a key Italian bond auction.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/1b5ac.....

US eyes first BP criminal charges over Gulf oil spill, report
US prosecutors are readying criminal charges against British oil giant BP employees over the 2010 Deepwater Horizon accident that led to the catastrophic Gulf oil spill, The Wall Street Journal reported.<img width='1' height='1' src='http://telegr.....

Gaming shares rise as US softens stance on online betting
Online gaming stocks were in demand as dealers got their first chance to react to news that US regulators have softened their stance on some forms of internet gambling.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/56830.....