Comet collapse to cost UK 49m
The collapse of failed electrical chain Comet will cost the government 49.4m in redundancy payments and owed tax revenues, administrators Deloitte reveal......
12 bill rise for energy upgrade
The energy regulator will permit firms running the UK's energy grids to add an average 12 to annual bills over the next eight years......
Fiscal cliff negotiations pick up
US President Barack Obama and House Speaker John Boehner meet at the White House as the pace of talks on avoiding a "fiscal cliff" begin to pick up......
Ritz 'paying no corporation tax'
London's high-end Ritz hotel has not paid any corporation tax in the 17 years since it was taken over by the reclusive Barclay twins......
MoD to auction off radio spectrum
The Ministry of Defence says it will auction some of the radio frequency it owns in a move that will increase the capacity for 4G mobile services......
Japanese shares rise on Abe win
Japanese shares rise and the yen dips after the Liberal Democratic Party, led by Shinzo Abe, won Japan's general elections......
Aggreko warns of lower revenues
Shares slide at power firm, Aggreko, after it warns of lower sales on the back of military spending cuts in Afghanistan......
Santander cuts branches in Spain
Banco Santander announces that it is to absorb two Spanish banks, Banesto and Banif, closing 700 branches in the process......
Sprint to buy all of Clearwire
US mobile phone operator Sprint Nextel agrees to buy the 50% of mobile broadband provider Clearwire that it does not already own......
Wonga offers loans at web checkouts
Short-term loan company Wonga has started to offer its instant loans via an online retailer's website, with plans to expand to more soon......
Boxing Day Tube strike confirmed
London Underground drivers are to strike on Boxing Day and 18 and 25 January in a row over bank holiday pay, a union confirms......
Home buyers 'nervous about 2013'
One in four first-time buyers believe it will take them at least 10 years to have a deposit in place, a survey suggests......
AIG may sell remaining AIA stake
Shares in insurer AIA are suspended with US insurance giant AIG set to sell all or most of its remaining stake in the Asian firm......
EU in trade deal with Singapore
The EU and Singapore clinch a free-trade agreement - the second between the 27-nation bloc and a major Asian trading partner......
Barclays: US energy fine 'unjust'
Barclays says US regulators' proposed fines of $470m (291m) for its alleged manipulation of energy markets are "unjustified" and the allegations will not stand up......
Boris: Don't sneer at Starbucks
London Mayor Boris Johnson has urged people not to "sneer" at the coffee chain Starbucks over its decision to pay 20m in corporation tax......
Cycling to get increased funding
Cycling, triathlon and netball will receive extra funding of more than 30% from Sport England as part of a 493m plan......
Brazil opens first 2014 stadium
Brazilian President Dilma Rousseff inaugurates the Castelao Arena in Fortaleza, the first of 12 stadiums being renovated or built for the 2014 Fifa World Cup......
VIDEO: Ritz 'paying no corporation tax'
London's high-end Ritz hotel has not paid any corporation tax in the 17 years since it was taken over by the reclusive Barclay twins......
VIDEO: Fish industry faces power struggle
Fishing leaders say a European power struggle is threatening the future of the industry in Scotland......
VIDEO: Taxpayers fund 50m Comet loses
The collapse of the electrical retailer Comet has left taxpayers possibly having to pick up loses of up to 50m - half of which would fund redundancy payments......
VIDEO: Greek football finds unusual sponsors
Funding for amateur football has been drastically cut, so two local teams in central Greece have resorted to unusual sponsorship to make ends meet......
VIDEO: Festive lights 'may have to be gaudy'
Some councils have been cutting back on festive lights in their town centres, while others have taken up sponsors or are talking about getting private firms to help out and see their names in lights in return for money......
VIDEO: Glimmer of home for first-time buyers
One in four prospective first-time buyers believe it will take them at least 10 years to have a deposit in place, a survey has suggested......
AUDIO: Quotas 'will have negative effect'
Fisheries minister Richard Benyon MP says if cuts to quotas go ahead, "it will result in more discards"......
Shinzo Abe's economic challenge
Shinzo Abe faces challenges to revive Japanese economy.....
Hip-hop: Love of music or money machine?
Love of music or money machine?.....
Gun business likely to stay strong
Dec. 17 - The U.S. gun business has been growing and there is no evidence that the recent shooting will have a major impact on sales. Bobbi Rebell reports......
U.S. Day Ahead: Speaker Boehner to try and sell taxes to GOP
Dec 17 - Drawn-out fiscal cliff negotiations continue Tuesday morning when Boehner speaks with his Republican colleagues, to gauge their willingness to support higher taxes on top earners......
ECONOMY 2013: China will overtake U.S. as Mary Kays biggest market next year
Dec 17 - Forget about the U.S., China will overtake it as the top growth market for Mary Kay in 2013, according to the company's CEO David Holl......
Techquity: Apple analysts do battle
Dec 17 - At least 8 Apple analysts issue notes on the tech powerhouse. We break down the reports so you don't have to......
Depardieu tax dispute swells
Dec. 17 - French actor Gerard Depardieu hits back at the country's prime minister after being criticised for saying he will renounce his French citizenship and move to Belgium for tax reasons. Joel Flynn reports......
Draghi: New ECB bank oversight will revive confidence, lending
Dec. 17 - New European Central Bank powers to oversee euro zone banks will help restore confidence in the sector and revive interbank lending, says its president, Mario Draghi......
Trading at Noon: Slicing down Apple's price targets
Dec 17 - Apple's iPhone 5 starts strong in China but the stock is under pressure as several brokerages cut their price targets......
Breakingviews: Gun insurance
Dec 17 - Antony Currie and Breakingviews columnists discuss whether such a scheme would be a practical and legal way to deal with gun ownership in the wake of last week's school massacre......
UBS faces $1.5bln fine over Libor: source
Dec. 17 - Swiss bank UBS is expected to pay $1.5 billion to regulators to settle charges that a group of traders rigged Libor interest rates, according to sources, and would be the latest blow to the lender which has faced a rogue trading scandal. Jo.....
NYSE mourns Connecticut school shooting victims
Dec. 17 - The NYSE holds a moment of silence before the start of trade to pay respects to the victims of the Connecticut school shooting. Rough Cut (no reporter narration)......
Europe Day Ahead: BoE and UBS in the spotlight
Dec. 17 - The BoE releases its latest update on the UK economy, while UBS may draw a line under its role in the Libor scandal...but it won't be cheap......
3XSQ: Apple shares sink; Google gets out of hot water
Dec 17 - Apple's stock fell below $500 in the premarket for the first time since February; Google is close to resolving case of search practices with regulators......
Orangutan's eyes may hold clues to better life
Dec. 17 - A neuroscientist in Malaysia believes he can enrich the lives of primates both in captivity and in the wild by studying the second-by-second eye movements of an orangutan at Malaysia's National Zoo. By understanding how apes' visual brain i.....
U.S. Morning Call: Apple shares fall below $500 in premarket
Dec 17 - Apple is in the spotlight as the stock falls below $500 in premarket trade, despite news that it sold more than 2 million of its new iPhone in China......
Breakingviews: Deutsche Bank CEOs out of time
Dec. 17 - Deutsche Bank co-chief executives Anshu Jain and Juergen Fitschen are running out of chances says Breakingviews after poor Q4 results, a police raid and paying damages in the Leo Kirch case......
Japan's next PM wants weaker yen, tough on China
Dec. 17 - Japan's next Prime Minister Shinzo Abe vows to push for a weaker yen to improve the economy and holds firm on a territorial dispute with China. Rough Cut (no reporter narration)......
5 things you need to know about Japan's new leader
Dec. 17 - Japan's general election is over - with main opposition leader Shinzo Abe winning back the country's top job. And these are the traits and policies that are likely to define his term......
Reuters Today: Japan goes back to the future
Dec. 17 - Japans dominant Liberal Democratic Party is restored to power after three years in opposition, but will more spending and a tough line on China prove the right recipe for the worlds number three economy?.....
Touchnote's appy Christmas cards
Dec. 17 - UK startup firm Touchnote has launched a new application for Apple and Android devices that allows people to create personalized Christmas cards using a novel Facebook integration. Hayley Platt reports......
Market Pulse: Japan, the land of the falling yen
Dec. 17 - The LDP's victory in Japan's general election gives the FX market the green light to sell yen...and then sell some more. So this time really is different, right?.....
Foreign retailers first to swoop down under in profit rush
Dec. 16 - Australia is being targeted by a swathe of foreign retailers, piling pressure on a local industry already battered by weak consumer spending and ruthless internet competition. Sarah Charlton reports......
Libor scandal: More than 30 UBS bankers 'to be implicated in rate rigging'
Authorities are this week expected to say that more than 30 bankers and managers at Swiss banking giant UBS were involved in the alleged rigging of the key Libor interest rate.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....
Could Comet collapse be followed by worse in 2013?
Comet stores across the UK will open their for the last time on Tuesday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b19f46/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/.....
Cyprus 'could default within days'
Cyprus could default on loan payments due this month unless it can reach an agreement on a bailout with international lenders within days, a government official said on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726.....
Former Baugur chief Jon Asgeir Johannesson in Icelandic fraud charges
The former boss of the Icelandic investment company that owned stakes in Hamleys, House of Fraser, All Saints and frozen food chain Iceland has been charged with fraud, according to reports.<img width='1' height='1' src='http://telegraph.feedsport.....
Inflation rocks, but it could spur a bond market crash
In This is Spinal Tap, the spoof documentary about a heavy metal rock band, there is a Marshall amplifier with a volume control which goes all the way up to 11.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b1.....
Japan's Shinzo Abe prepares to print money for the whole world
Japan's incoming leader vows to ram through full-blown reflation policies.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13e98/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.co.....
Vodafone falls on airwave auction concerns
The mobile giant suffered one of the heaviest losses on the FTSE 100.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13e9c/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1.....
British jobs boost from GE oil and gas
Around 200 new British jobs will be created by GE Oil & Gas next year when it opens a "sub-sea" centre in Bristol.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13e9e/mf.gif' border='0'/><br/><.....
Aggreko shares plunge on profit warning
Shares in the temporary power company Aggreko plunged 22pc after it issued its second profit warning in two months on the back of a gloomy outlook for 2013.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13aee.....
38bn grid upgrade to raise energy bills
Household energy bills will rise by more than 15 by 2020 to pay for a 38.2bn upgrade to Britain's networks of gas pipelines and electricity cables, Ofgem said on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....
Energy supplier SSE builds North Sea gas portfolio with 178m purchase from BP
Energy company SSE took another dive into the North Sea on Monday with a $288m (178m) deal to acquire a 50pc stake in the Sean gas field from BP.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13af0/mf.gif' bo.....
Ofgem says 24bn energy network upgrade to add 15 a year to household bills
Household energy bills will rise by more than 15 by 2020 to pay for a 38.2bn upgrade to Britain's networks of gas pipelines and electricity cables, Ofgem said on Monday.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5683.....
Apple loses its shine as shares drop below $500
The drop came as analysts slashed their target prices for Apple stock.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b133c1/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/.....
Major protests expected in Spanish cities
Hundreds of thousands of people are expected to pack the streets of Spanish cities in evening protests against the conservative government's anti-crisis austerity measures.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/5.....
Debt Crisis: as it happened - December 17, 2012
Mario Draghi has asserted the European Central Bank's ultimate power over all 6,000 eurozone banks, despite it only having direct supervision over 150 lenders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b13.....
Mark Carney cleared of breaking rules on political impartiality
Mark Carney, the future Governor of the Bank of England, had been accused of breaching rules of political impartiality at the Bank of Canada.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b105a9/mf.gif' border.....
Mark Carney denies breaking rules on political impartiality
Mark Carney, the future Governor of the Bank of England, has been accused of breaching rules of political impartiality at the Bank of Canada.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b0fc84/mf.gif' border.....
Centamin soars as gold exports restart
Centamin shares have soared for a second day in a row as its mine prepares to restart operations in Egypt following problems with its export licence.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b0fc85/mf.gif.....
Edmund Truell is hired by London Mayor
Edmund Truell, the entrepreneur founder of the Pension Corporation, has been appointed by the Mayor of London to head the capital's 4.2bn local authority pension fund.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300.....
Good News Britain: For GE, the UK has become a centre of excellence
Oil and gas is one of the big growth industries for Britain.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b0a0c6/mf.gif' border='0'/><br/><br/><a href="http://da.feedsportal.com/r/1515395539.....
Debt Crisis - Draghi asserts ECB can ask "any question" of all eurozone banks -live
Mr Draghi has asserted the European Central Bank's ultimate power over all 6,000 eurozone banks, despite it only having direct supervision over 150 lenders.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26afd346.....
First Quantum goes hostile
First Quantum Minerals has launched a C$5.1bn (3.1bn) hostile takeover bid for copper and zinc producer Inmet Mining.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b069e4/mf.gif' border='0'/><br/><.....
Santander to absorb Banesto and Banif to save 500m
Santander will absorb its Spanish subsidiaries Banesto and Banif, closing 700 high street branches and laying off staff in a move that aims to save nearly half a billion euros a year.<img width='1' height='1' src='http://telegraph.feedsportal.com/.....
Christmas deadlines for your online shopping
Many major online retailers are still offering guaranteed delivery by Christmas, but time is running out.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26b05ff3/mf.gif' border='0'/>.....
Wonga launches PayPal rival
Wonga, the payday loan company, has entered the online payment industry by offering shoppers the option of borrowing cash to fund their web purchases.<img width='1' height='1' src='http://telegraph.feedsportal.com/c/32726/f/568300/s/26afacb5/mf.gi.....
