In the news: Oil and shopping dominate the headlines


(MENAFN- ProactiveInvestors) Times                     

Currency traders should pay for some of the record fines from their bonuses the financial regulator has told banks who have been penalised for rigging foreign exchange rates.

Cybercriminals are posing as British publishers including the Financial Times and the BBC to trick companies into buying digital advertising.

The Treasury is considering major tax breaks for North Sea oil producers to drive investment in the industry amid fears that the dramatic fall in prices will deter exploration cost jobs and hit the public finances.

Gfinity which runs video games tournaments that are played online and in the flesh and counts Lawrence Dallaglio the former England rugby captain as a shareholder will be the first online electronic sports company to float in the world.

Poorest families pay the highest proportion in tax. The study which draws on figures from the Office for National Statistics shows that the bottom 10% of households paid an average of 47% of their gross income in taxes.

Independent

Gulf states insisted that oil prices will recover without intervention from the OPEC cartel arguing that current prices will boost global economic growth.

US giant Lockheed Martin France’s Altran and Vienna-based Frequentis are among a host of international suppliers that will be dragged into a wide-ranging inquiry into IT failures at Britain’s air traffic control.

Half of firms plan to hire more workers next year but some jobs could remain unfilled because of skills shortages a study indicates.

Daily Telegraph

BP’s decision to take a 20% stake in Rosneft will come under scrutiny on Monday with the Russian oil giant due to make a US$7.6 billion repayment on a loan it used to help fund the purchase of TNK-BP.

Lotus halves losses but revenues drop almost 10%: Lotus the lightweight sports car manufacturer which in September announced plans to make more than 300 staff redundant has almost halved its annual losses.

Guardian

Wellbeing joins GDP as measure of nation’s financial health: The UK economy is recovering from the worst financial crisis since the 1930s - but does the traditional data give a true reflection of how Britons are actually faring

Britain’s volunteer army will be out in force on Thursday providing a Christmas dinner for the hungry shelter for the homeless and a shoulder to cry on for the old and lonely.

Black Friday was followed by Panic Saturday as shoppers thronged town centres preparing to spend an estimated £1.2bn on last-minute gifts before Christmas Day.

weddings and formal events in the Philippines men can often be seen wearing the Barong Tagalog a thin and transparent embroidered garment worn over a shirt.

Daily Mail

Sainsbury’s chief executive Mike Coupe believes it will take another 18 months to two years before the ‘extremely challenging’ conditions in the grocery market improve.

The sharp fall in UK inflation does not pose a risk of deflation and there is no need to take more measures to stimulate the economy a Bank of England policymaker said.

Ex-RBS boss Fred Goodwin ordered to reveal emails and texts he sent during the financial crisis on the orders of the judge in a £4bn lawsuit.

Sinking oil firms could see their tax bills cut in half under radical plan considered by the Treasury.

Daily Express

Vodafone could be set to make a sensational multibillion-pound offer for Sky as a telecoms industry shake-up gets underway.

Online retailers are preparing for their busiest Christmas Day ever with shoppers expected to start splashing the cash before sunrise.


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.