News John Lewis at Westfield shopping centre

John Lewis has decided against closing its final salary pension scheme, leaving it as one of the only retailers in the country that still offers new staff the gold-plated retirement payouts more commonly associated with politicians and civil servants.

Jim Armitage: Don't expect shale gas to cause economic explosions on this side of the Pond

Outlook Sorry to deflate your balloon, Mr Osborne, but I fear much of the excitement about UK shale gas will prove to be so much fracking hot air.

Supermarkets cut fuel costs prompting price war

Sainsbury's followed Asda in announcing a reduction in its fuel prices today.

UK tobacco prices 94% more than European average with only Norway more expensive

Cheapest place in Europe is Macedonia where alcohol is 35 per cent below the average and tobacco is 75 per cent below

Record jump in air fares sends UK inflation soaring to 2.7%

Prices rose across European, long-haul and domestic flights

Pay packets to take a hit as inflation is expected to rise again

Inflation is expected to increase this week, dealing a blow to hopes that a moderation cost of living rises would help to support an economic recovery.

A Cuadrilla shale fracking facility in Preston

Cuadrilla PR man admits George Osborne's shale gas revolution won’t cut energy bills

Plan to drive down prices will have 'basically insignificant' impact

Crowd-sourced map app Waze to accelerate with Google behind the wheel

Purchase price of Israeli-based reportedly $1 b

Waze was founded in Israel in 2008 and first raised $25 million of funding in 2010 followed by a further $30 million in 2011

Google tipped to beat Facebook and Apple with $1.3bn deal for Waze traffic and navigation app

Traffic and navigation app works by connecting drivers to one another

James Moore: Retail figures swing not good news for everyone

Outlook Life will today get a little easier for the Bank of England's incoming Governor, Mark Carney. The British Retail Consortium will release figures showing that shop price inflation morphed into shop price deflation during May.

Cold May and discounts lead to first deflation on high street since 2009

Desperate discounting from retailers hit by yet more poor weather last month pushed the high street into outright deflation for the first time in three and a half years, the British Retail Consortium said yesterday.

Lawrence Buterman claims that the e-book price hike was encouraged by the late Steve Jobs

E-book price-fixing trial: Apple accused conspiring with major publishers MacMillan, Simons & Schuster, Hachette, HarperCollins and Penguin

Apple conspired with major publishers to drive up the price of e-books in a scheme that cost consumers hundreds of millions of dollars, a New York court has heard.

British people should eat less meat according to a hard-hitting new report

Meat is a treat – MPs' advice to the public as global food shortages loom

British people should eat less meat and retailers and food producers should be penalised for wasting food, according to a hard-hitting new report that warned the UK is “never more than a few days away” from a significant food shortage.

Airline profits to climb as passenger numbers go sky high at 3bn-plus

Europe’s airlines are expected to double their profits this year, while carriers round the world will together post profits of  $12.7 billion (£8.3 billion) — more than  $2 billion higher than previously expected, the industry body predicted today.

Retailers 'hit hardest by growing tax burden'

The tax burden faced by big retailers has soared by almost two-thirds since 2005, highlighting the uphill battle faced by chains to maintain profitability during the consumer downturn.

Japan’s malaise continues

Shinzo Abe’s “shock and awe” tactics are having little impact on the nation’s deflationary malaise, official figures showed yesterday.

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Seven Cities of Italy
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Prague, Budapest and Vienna
Lake Garda
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Prices correct as of 15 May 2015
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