Defence Secretary Philip Hammond today abandoned plans to hand the job of buying military kit over to a private company. The Tory minister spent around �7.4million trying to privatise MoD procurement.
Fears that advanced economies, including Britain, might have entered a phase of �secular stagnation� were rejected last night by the Bank of England Governor, Mark Carney.
General Motors' decision to name Mary Barra as its next chief executive�and the first female auto industry CEO�is being hailed as the latest breakthrough for women at industrial giants.
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.
Vocal opposition from banks didn't stop U.S. financial regulators from approving the so-called Volcker rule, which bans proprietary trading.