A worker walks in between oil barrels at Pertamina's storage depot in Jakarta in this file photo. Reuters. By. Eric Yep. Updated Dec. 19, 2014 12:58 a.m.
THE crisis facing the North Sea oil and gas industry, with predictions of tens of thousands of job losses generated by the slump in the oil price, is "deeply worrying," a senior member of the Cabinet has admitted.
UK retail sales volumes last month showed their biggest year-on-year rise since May 2004, boosted by the Black Friday shopping frenzy adopted from the US, official figures have shown.
Aer Lingus shares surged by as much as 15 per cent on news that it had rebuffed a possible takeover approach from IAG, owner of rival British Airways and Spanish fliers, Iberia and Vueling.
China has revised up the size of its economy in 2013 by 3.4%, which works out to be about the size of Malaysia's economic output.