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Sunday 9 December 2012

UK Financial News on 2012-12-09

UK tax warning to multinationals
Danny Alexander tells multinational firms that paying UK tax is an obligation, not "a voluntary choice" they can make to please their customers......

Alexander: No triple dip slump
Chief Secretary to the Treasury Danny Alexander denies Britain is heading for a triple dip recession, but says the road to economic recovery is "longer and harder" than expected......

China reports strong economy data
China's economic growth rate may be gathering pace again, as the government releases strong industrial output and retail sales figures......

Cities see 'anti-cuts' marches
Campaigners "protesting against the Autumn Statement" take part in marches in Manchester and Liverpool......

Hemerdon mine firm secures 50m
A further 50m of funding to reopen a tungsten mine near Plymouth is secured, the Australian company behind the project says......

VIDEO: Could shale oil reserves help Jordan?
Jordan imports 96% of its energy and with rising oil prices, it has been a big squeeze on the cash-strapped government......

VIDEO: Charities 'fear new year closure'
One in six UK charities questioned for a survey say they fear they may have to close in 2013 due to public spending cuts and falling donations, the Charities Aid Foundation has said......

VIDEO: Is now a good time to remortgage?
There is a price war going on in the world of mortgages with some lenders dropping their rates by as much as a third. Philip Hampsheir has been finding out whether now is a good time to remortgage......

VIDEO: Five Minutes With: Robert Peston
BBC News business editor Robert Peston talks to Matthew Stadlen about making the switch from newspapers to broadcasting, how he sees his role as a journalist, the thrill of getting a scoop and why he loves Twitter......

Brokers see mortgage choice rise
Brokers say the choice of home loans is growing.....

Could a troublesome weed power Cuba?
How Cuba's troublesome weed could power the country.....

VIDEO: 'Electric Avenue': Shenzhen shopping
The Shenzhen street where the Chinese go electronics shopping.....

Mushroom lab tests raise hopes for cancer treatment
Dec. 9 - Israeli researchers have discovered that extracts inside the edible Oyster mushroom contain chemicals that bind themselves to molecules in cancer cells and kill them. After demonstrating their effectiveness on human cells in vitro and live m.....

Holidays ring in more jobs
Dec. 07 - November's job numbers were surprisingly strong with businesses adding thousands of holiday workers. Jeanne Yurman reports......

Willie Walsh: Virgin Atlantic brand could soon be history
The Virgin Atlantic brand could could soon be consigned to the history books, Willie Walsh, boss of British Airways and Iberia, has suggested, with the carrier set to be swept up in wave of aviation consolidation.<img width='1' height='1' src='htt.....

World risks fresh credit bubble, Switzerland's BIS warns
Asset prices across the world have risen to heady levels not seen since the credit boom five years ago and may be losing touch with economic reality yet again, the Bank for International Settlements has warned.<img width='1' height='1' src='http:/.....

Bernie Ecclestone eyes vodka sponsorship deal
Bernie Ecclestone has revealed that he is negotiating multi-million dollar sponsorship deals with a vodka brand, which would become the official spirit of Formula One, and a mobile phone operator.<img width='1' height='1' src='http://telegraph.fee.....

Tax row turns to Microsoft over 1.7bn of online revenues
The row over the amount of tax multinationals are paying has taken another turn after it emerged that Microsoft pays no UK tax on 1.7bn of online revenues.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266ce888/.....

Europe clings to scorched-earth ideology as depression deepens
Like the generals of the First World War, Europe's leaders seem determined to send wave after wave of their youth into the barbed wire of tight money, bank deleveraging, and fiscal austerity a l'outrance.<img width='1' height='1' src='http://teleg.....

Christmas rush and Amazon backlash spurs record John Lewis sales
John Lewis has recorded its best ever week of sales and the department store chain's boss believes the fillip has been driven at least in part by the tax backlash against rivals such as Amazon.<img width='1' height='1' src='http://telegraph.feedsp.....

Rolls-Royce accused over $20m payment in Indonesia
Rolls-Royce, the British engineering group, has been accused of paying $20m (12.5m) and a blue Rolls-Royce car to the son of the former president of Indonesia to win a contract to supply engines.<img width='1' height='1' src='http://telegraph.feed.....

Compulsory women on boards quotas for Dubai
The United Arab Emirates cabinet made it compulsory for companies and government agencies to appoint women to their boards on Sunday, following the likes of Norway.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

Long-term energy strategy must make waste work for us all
We need a strategy that is created by a body that works for the energy security of our grandchildren, not the lifetime of one or two parliaments.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266c85e5/mf.gif' bo.....

George Freeman unites science, business and NHS
Industry insider descended from Gladstone is at heart of new government life sciences strategy after just two years as an MP.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266c85ec/mf.gif' border='0'/><br/.....

Sir Richard Branson wades into Twitter row over Virgin Mobile USA Christmas 'sexual assault' advert
Sir Richard Branson has been forced to wade into an angry Twitter row about an "ill-judged" advert for Virgin Mobile USA, which made a joke about a husband giving his wife a date-rape drug for Christmas.<img width='1' height='1' src='http://telegr.....

Euro's effects on our woes haven't died, they're just resting
Whether it will be Italy, Spain, Portugal or Greece, one of these will shortly re-ignite fears for the euro's survival.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266c5fde/mf.gif' border='0'/><br/>&l.....

Shadow banking worries limit China's rebound
China's industrial output rebounded sharply last month and retail sales gathered speed, boosting hopes that Asia's powerhouse economy has finally come back to life.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/.....

IMF's Lagarde warns against US fudge on fiscal cliff
The US needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said on Sunday, warning that anything less would undermine economic confidence.<img width='1' height='1' src='http://telegraph.feedsporta.....

Week ahead in business and economics: Dec 10-14
After last week saw a slew of gloomy economic data for the UK, the Chancellor will be relieved this week looks quieter.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266bcda5/mf.gif' border='0'/><br/>&l.....

Danny Alexander: Tax system 'not like a church plate'
Paying tax is an "obligation" of companies and individuals and is not like "the church plate going around on a Sunday morning", the Treasury chief secretary has said.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/.....

Christmas rush spurs record John Lewis sales
A festive flurry has helped John Lewis post its highest ever weekly sales as shoppers rush to buy Christmas gifts and warm clothes in the cold snap.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266b3641/mf.gif'.....

China economy shows signs of strength
China released a series of figures on Sunday showing continued economic strength as it prepares for new leaders tasked with sustaining the country's dramatic growth.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s.....

Vince Cable warns UK risks 'lost decade'
Vince Cable, the business secretary, has said there is a "real risk" that Britain could endure a Japanese-style "lost decade".<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/266a7fc3/mf.gif' border='0'/><br.....

Barroso: Italy elections must not stop reform drive
Early elections in Italy must not call into question the economic reform agenda of Mario Monti because the risk of financial crisis has still not dispelled, Jose Manuel Barroso has warned.<img width='1' height='1' src='http://telegraph.feedsportal.....

Do funds of funds give you best of breed?
The idea is that a professional keeps you in the best funds all the time. But does it work?<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/2668de02/mf.gif' border='0'/><br/><br/><a href="http://.....

Fleming firm invests in Skyfall technology
The family investment firm connected to the creator of James Bond has just made a multi-million pound investment in a technology company that was involved in the creation of Skyfall, the most recent of the Bond series of films.<img width='1' heigh.....

CBI warning to Osborne as bill for extra red tape rises to 178m
The Government's pledge to cut red tape for business is facing a significant challenge this weekend after a report revealed that hundreds of new rules are being pushed through at an added net cost to business of 178m a year.<img width='1' height='.....

Dashwood: Tis the season to check price of banks' parties
It's that tricky time of year again for the Big Four banks, which must boost staff morale by budgeting for Christmas parties without being seen to be too free with the short-supply cash.<img width='1' height='1' src='http://telegraph.feedsportal.c.....

Letter in full: Tourism sector tests case for VAT cut
In an open letter to the Chancellor, tourism chiefs argue that a VAT cut on tourism would be tax neutral for the Government and would result in an extra 4bn a year through increased visitor numbers. Read their letter in full.<img width='1' height=.....