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Black money: HSBC bosses say sorry for 'unacceptable' practices

Last Updated: Thursday, February 26, 2015, 09:29

HSBC bosses on Wednesday apologised for "unacceptable" failings at the banking giant's Swiss division when they were grilled by British MPs over allegations it had helped rich clients dodge taxes.

Britain`s Tesco picks new chairman

Last Updated: Wednesday, February 18, 2015, 01:08

Troubled British supermarket giant Tesco on Tuesday named John Allan as chairman, ending a four-month search after Richard Broadbent resigned amid an accounting scandal.

British inflation hits record low

Last Updated: Tuesday, February 17, 2015, 16:37

Britain`s annual inflation rate slowed to a record low of 0.3 percent in January on the back of plunging oil prices and lower food costs, official data showed Tuesday.

Britain's Tesco says 2,000 jobs under threat

Last Updated: Thursday, January 29, 2015, 00:17

Troubled British supermarket giant Tesco said Wednesday it could axe as many as 2,000 jobs under plans to shut 43 stores in a company-wide overhaul.

British economy grows at best annual rate since 2007

Last Updated: Wednesday, January 28, 2015, 00:24

Britain`s economy grew in 2014 at the fastest annual pace since before the financial crisis, despite a fourth-quarter slowdown, official data showed Tuesday in a pre-election boost to the government.

Cameron meets Obama, vows cyber security cooperation

Last Updated: Friday, January 16, 2015, 09:35

Cameron referenced the recent cyberattack allegedly launched by North Korea against Sony Pictures in a video posted just before the talks.

British inflation rate plunges to record-low 0.5%

Last Updated: Tuesday, January 13, 2015, 17:11

Britain`s annual inflation rate dived in December to 0.5 percent, matching a record low on the back of sliding oil prices, official data showed Tuesday.

British third quarter growth confirmed at 0.7%

Last Updated: Tuesday, December 23, 2014, 17:55

British economic growth slowed to 0.7 percent in the third quarter of 2014 from the previous three months, official data showed Tuesday, in line with the prior estimate.

India has positive balance of trade with US, Britain

Last Updated: Friday, December 19, 2014, 19:19

Top ten countries which imported more from India than exported to the country in 2013-14 include the US, Singapore, the UK and Bangladesh.

Sliding oil sends British inflation to 12-year low

Last Updated: Tuesday, December 16, 2014, 17:56

The 12-month Consumer Price Index (CPI) dropped from a rate of 1.3 per cent in October, the Office for National Statistics said in a statement.

Britain targets multinationals that try to dodge taxes

Last Updated: Thursday, December 4, 2014, 09:19

Britain plans to introduce a tax to target multinationals such as Google Inc and Amazon Inc accused of using complex accounting schemes to cut their payments on earnings in the country.

Britain launches new 'Google tax' on multinationals

Last Updated: Wednesday, December 3, 2014, 23:49

The British government Wednesday slapped a new tax rate on multinational companies that seek to avoid paying their fair share to Treasury coffers.