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WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.
LONDON/ BRUSSELS, Oct 1- Global steps to reduce greenhouse gas emissions from the shipping industry are moving too slowly so the European Union will introduce its own system next year in a bid to accelerate reform, its executive body said on Monday.
LONDON, Oct 1- The Czech Republic, rated A1/AA-/A+, has priced a EUR750m increase of a 3.875% May 2022 issue via Barclays, Ceska, SG CIB and UniCredit. The tap attracted over EUR1.6bn of demand from investors and priced at mid-swaps plus 116 bp, from an initial price range of mid swaps plus 120 bp-125bp. The issue size now totals EUR2.75bn.
LONDON, Oct 1- Britain's financial watchdog has contacted 24 investment firms warning them not to try to dodge reforms aimed at stopping life insurers and fund management companies offering sweeteners to advisers selling their products.
*Labour says Britain risks lost decade of stagnation. *Labour: Britain needs to drive demand to revive economy.
Italy needs a strong political government, not another technocrat administration when Prime Minister Mario Monti's term ends in the spring, the head of the country's main employers' confederation said on Sunday.
Oct 1- Standard& Poor's Ratings Services said today that it assigned its' AA+' rating to General Electric Co.' s. proposed senior unsecured debt offering of upwards of $5 billion. We believe the company will use most of the proceeds to meet its $5 billion February 2013 maturity.
Those who took part in the manipulation of the London interbank offered rate (Libor), the key benchmark rate, could face criminal prosecution even though Libor manipulation is not yet a criminal offense.
The London real estate market was abuzz. A wealthy Greek banker wanted to spend up to £60 million (nearly $100 million) for a home, and was in a hurry to make a deal. Evangelos Meimarakis, the president of the Greek Parliament, is among the more than 30 Greek politicians under investigation for possible tax evasion and the illegal accumulation of wealth, the New York Times reports.
Worries that David Cameron, the first sitting UK Prime Minister to appear on the ”Late Show with David Letterman”, would embarrass himself were realized when he incorrectly answered key British history questions.
The new U.K. Business Minister, Michael Fallon, has promised a “drive to cut red tape” to boost business growth to help the country out of recession. For one ice cream man this can’t come soon enough.
U.K. insurance group Lloyd’s of London, which comprises nearly 90 syndicates, reported an interim profit of 1.53 billion pounds ($2.48 billion) for the first six months of the year after a lack of major claims from natural catastrophes.
As Spain tries desperately to meet its budget targets, it has been forced to embark on the same path as Greece, introducing austerity measures, cutting jobs, salaries, pensions and benefits. As a result, some residents are forced to salvage food from garbage cans.
More than a quarter of the work force in Spain or Greece is without jobs, but there is a city on the Danube north of Munich that has the opposite problem: not enough workers, the New York Times reports.
Bad news for U.K. politicians clinging to the notion that the nation’s AAA debt rating indicates a clean bill of financial health. Morgan Stanley expects the British budget shortfall to earn the dubious distinction as Europe’s largest in 2013-14, surpassing even the deficit in troubled Greece.
It may be the age of austerity for many in Britain. For a former doctor, Geoffrey Lipman, it is anything but. Dr. Geoffrey Lipman, who is retired, gets about $78,000 a year in his government pension.
As any horror film buff knows, zombies are difficult to kill. And the zombie companies which are increasingly causing concern in the U.K. are also going to be tricky to get rid of.
Upgrading their docks and beefing up luxury harbor services, London's marinas are seeking to capitalize on the games, which demonstrated that the city is a viable super-yacht venue.
Former U.S. Treasury Secretary, Larry Summers has argued the U.K. faces a lost decade like Japan unless the government changes its economic policies, but economists and experts have told CNBC that the reasons Summers cites are wrong.
Beleaguered countries like Spain have been counting on a quick and neat way to fix their banks without taking on more crippling debt. The New York Times reports.