Business News
Weak service sector puts recovery in doubt
Banks are still reluctant to lend to service sector
Inside Business News
Ryanair boss still eyes Aer Lingus takeover as legacy
Monday, 30 November 2009
Michael O'Leary, the outspoken chief executive of budget airline Ryanair, has said he expects to stand down within the next "two or three years", but only when his company has succeeded in taking control of Aer Lingus.
Central bank moves to ease Dubai crisis
Monday, 30 November 2009
UAE offers liquidity scheme to banks faced with Dubai World's debt request
Economic power shift from West to East is poised to gather pace
Monday, 30 November 2009
The next few years will see a dramatic acceleration in the shift of global economic power eastwards, according to the latest predictions from The Conference Board, an international network of leading business figures.
Business Diary: A message from our sponsors in Dubai
Monday, 30 November 2009
If you want the truth, head for local sources. So it is that we turn to the state-owned Gulf News in the UAE, for an update on Dubai. Top headline? "Dubai World intervention carefully timed". Everything's going to be fine then.
KPMG lined up in $30bn Dubai rescue mission
Sunday, 29 November 2009
Big name banks have lined up KPMG, the big four accountant, to salvage more than $30bn (£18bn) that they lent to Dubai World, the emirate's failing flagship global investor.
Harrods: There is only one pension-fund sale
Sunday, 29 November 2009
Harrods, the upmarket London retailer owned by Mohamed al-Fayed, is mulling the sale of its £200 million pension fund in a buy-out deal.
The Bank had £150bn ready to stop a run
Sunday, 29 November 2009
The Bank of England feared that it might need up to £150bn of emergency funds – more than double the figure which it admitted to last week – to pump into the banking system to prevent a run on the banks in October last year.
DIC set to sell Merlin stake
Sunday, 29 November 2009
Dubai International Capital (DIC), the private-equity arm of the beleaguered state's sovereign wealth fund, is set to end its interest in London Eye and Legoland owner Merlin Entertainments.
Travel giant expected to show strong results
Sunday, 29 November 2009
Travel giant TUI Travel, owner of Thomson, and Thomas Cook, are expected to post strong numbers this week despite the downturn and to report a last-minute dash for sun and snow.
Mamas & Papas joins hands with Shop Direct to sell products online
Sunday, 29 November 2009
Mamas & Papas, the Huddersfield-based baby clothing and nursery goods brand, is to sell its products through online department store Very.co.uk, a subsidiary of Shop Direct.
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• John Rentoul: The really disturbing question about Iraq
Going in is not the issue now. Chilcot should be looking at how the occupation gave rise to such bloodshed
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