Skype could be banned in China

December 31, 2010

New reports from China have surfaced alleging that Skype and other VoIP providers could be banned. The nation’s Ministry of Information and Industry Technology is reportedly looking to limit competition for its internal telecommunication providers such as China Telecom and China Unicom. The goal would be to safeguard these firms from ...

John Lewis enjoys post Christmas sales jump

December 30, 2010

Notable UK retailer John Lewis, which is also the parent company of Waitrose, reported Thursday a 26.2 per cent increase in post-Christmas Day sales. The retailers said that they had seen a marked rise in sales in the three days after Christmas ended. The biggest sale days for John Lewis came ...

Amazon patents gift return service

December 29, 2010

As the Christmas holiday draws to a close, Amazon has announced a patented new technology that would let customers return unwanted gifts before they are ever even delivered. The documents, which have already been seen by the Washington Post, showed how the technology would allow consumers to approve or decline a ...

Ofgem says UK energy firms putting customers at risk

December 28, 2010

Electricity network companies have put customers at ‘unacceptable’ risk of power losses amidst efforts to service Britain’s ageing wires, said Ofgem. In a letter to industry operators, the regulatory body said that operators will face fines if services do not improve. Several large energy companies, including E.ON, Scottish Power, Scottish and ...

Public speaks out on BSkyB bid

December 27, 2010

Growing public support against News Corporation has emerged as the news broke that the European Commission is likely to approve Rupert Murdoch’s company’s takeover of BSkyB. The public is calling for an independent inquiry into the proposed bid, said a new opinion poll. The media firm, run by mogul Rupert Murdoch, ...

M&S one of Britain’s greenest supermarkets

December 24, 2010

Marks & Spencer along with the Co-op have been crowned the greenest supermarkets in Britain in a new report. Ethical Consumer magazine heralded both stores for outstanding eco-friendly credentials; particularly for Marks & Spencer’s palm oil sourcing and the Co-op’s measures for sourcing fish. The Co-op has been reaching to achieve ...

Deutsch Bank fined for criminal wrongdoing

December 23, 2010

Deutsch Bank will pay $554million after pleading guilty to criminal wrongdoing, which resulted in the wealthy avoiding taxes in the US. The large sum includes the amount of taxes avoided plus interest not paid to the Internal Revenue Service. In order for full cooperation from the bank, federal prosecutors and the ...

Sainsburys Finance warns of costly credit card fees

December 22, 2010

Britons planning to holiday abroad this festive season have been urged to learn the foreign exchange rates on their credit cards. According to Sainsbury’s Finance, people should be aware of high exchange rates when travelling abroad and using a credit card. The supermarket giant’s financial business said that a number of ...

ICC alleges Bashir kept money at Lloyds

December 21, 2010

Omar al-Bashir, the internationally ridiculed Sudanese president, may have used Lloyd’s Bank in London to store away almost $9 billion overseas, said an International Criminal Court prosecutor. According to a WikiLeaks publication, the ICC’s Luis Moreno-Ocampo has said that Lloyds allegedly has knowledge of the money’s whereabouts. Mr Moreno-Ocampo passed the ...

Vince Cable threatens supertax as bank bonus talks ensue

December 20, 2010

Vince Cable has issued new threats for a proposed supertax as investment bankers at recently bailed-out Royal Bank of Scotland line-up to receive £1billion in bonuses ignoring the Government’s frantic demands for restraint. The ‘scandalous’ City handouts have been met with widespread criticism, both from the Government and watch groups. Business ...

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