The government has opened the bidding process for new licences to extract shale gas, using the controversial fracking process. About half the UK is open to exploration, but tightened rules cover areas of outstanding beauty.
Russia has been ordered to pay nearly �30bn in damages to former shareholders in defunct oil giant Yukos after an international court ruled Moscow had deliberately set out to bankrupt the company and acquire its assets.
LONDON (Reuters) - Reckitt Benckiser plans to spin off its heroin-addiction treatment in the next 12 months as sales slide under pressure from rival copycat versions of the drug.
Confidence that the coming months will be a good time to buy a home has slipped back to its lowest levels in at least three years amid growing concerns over spiralling property prices and the prospect of interest rates rising, according to a consumer survey.
A decline in lending to households and firms in the eurozone slowed slightly in June and money supply grew, as the European Central Bank's new stimulus measures find their way through the system.