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.
Travel company Tui, which owns Thomson and First Choice, has seen profits slip due to weak French sales and a restructuring in its specialist and activity division.
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.