Labour has seized on the IFS figures as evidence that Britain was trapped in a 'cost of living crisis'. Photograph: Oli Scarff/Getty Images.
(Bloomberg) -- American consumers stepped on the gas in the fourth quarter, just as companies hit the brakes. The result was that while the world's largest economy grew at a 2.6 percent annualized rate, the gain fell short of the median forecast of economists ...
Qatar Airways has emerged as the owner of a 10% stake in International Airlines Group, the owner of British Airways and Iberia. The Gulf airline is already a member of the Oneworld alliance.
Banks have cheered Britain's financial watchdog for announcing it will consider introducing a time limit for complaints about the mis-selling of payment protection insurance - a scandal that has cost the industry more than �24bn.
Jan 30 (Reuters) - Oil producer Afren Plc, struggling with looming debt payments, said lenders had agreed to defer a $50 million amortisation payment by a month and that it would delay the payment of a $15 million bond coupon by a month.