A plan to privatise the way the Ministry of Defence buys defence equipment has been scrapped, costing millions of pounds of taxpayers' money.
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.
DETROIT - General Motors announced Tuesday that its chief executive, Daniel F. Akerson, would retire next month and be succeeded by Mary T. Barra, who would become the first woman to lead a major auto company.
An A380 Superjumbo from EADS. The company will rebrand itself as Airbus Group next year, but will also cut jobs. Photo - Bloomberg.
Britain's big energy giants have been accused of "green murder" as Scottish & Southern Energy became only the second to pass on a �50 "green" saving to every one of its customers - including those on fixed-price contracts.