Search This Blog

July 09, 2015

Curtain Falls on Nokia’s Finnish Home in Boom-to-Bust Demise

Microsoft Corp.’s move to close the site where Nokia assembled its last mobile phone in Finland leaves it with a skeletal crew in the country, spelling the end of an era for what was once the world’s dominant handset manufacturer.

July 08, 2015

UK car sales hit record high in June

UK new car sales in the year to June rose at the fastest rate on record, a motor industry survey has found.

July 07, 2015

FCA's £819m in fines revenue gives Osborne room to fund worthy causes

The Financial Conduct Authority has imposed more than £800m of fines on banks and other companies in the first half of this year – giving the chancellor the opportunity to make eye-catching allocations to worthy causes in this week’s budget.

July 05, 2015

Shell Arctic oil drilling to commence within weeks

Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. Thirty ships left Dutch Harbor in Alaska on Thursday for the Arctic to support two initial exploratory wells.

July 02, 2015

Macy's cuts ties with Donald Trump over Mexico comments

US retailer Macy's has ended its relationship with Donald Trump after the businessman and presidential candidate made controversial remarks about Mexican immigrants.

July 01, 2015

Sony shares fall 8% on fund raising plan

Shares in struggling Japanese electronics giant Sony have fallen more than 8% after it announced plans to raise billions of dollars in a sale of shares and convertible bonds.