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.
... Stocks. * Akerson accelerates exit after wife's cancer diagnosis. * CFO Ammann named president, ex-Cummins CEO named chairman.
In the four years since Paul Volcker, former Federal Reserve chairman, first called for a ban on banks trading with their own money, the rule named after him has survived challenges from Wall Street, foreign governments and inter-agency warfare before being ...
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.