Sports Direct is facing yet more fallout from its handling of its fashion chain USC's collapse, after it was alleged that it ignored attempts to consult with staff who were made redundant as it entered administration.
LONDON: Britain's Co-operative Bank will close 57 more branches this year and more in the future under a turnaround plan that saw it cut 15 per cent of its staff last year and make a loss of �264 million ($392m).
Lufthansa subsidiary Germanwings could face liabilities well above the typical ceiling in airline crashes for the passengers who died on Tuesday when one of its jets was flown into an Alpine mountain, some aviation lawyers said.
Greece submitted a long-awaited list of structural reforms to its creditors yesterday as its leftist-led government warned it would stop meeting debt obligations if negotiations failed and aid was not forthcoming.
US interest rate rises are likely to happen only at a gradual pace after an initial increase later this year, as the headwinds from the financial crisis slowly dissipate, the head of the Federal Reserve said on Friday, spelling out detailed arguments for a cautious ...