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Chinese officials could ban Skype in 2011

December 31, 2010

According to reports from Chinese media, the nation's Ministry of Information and Industry Technology is looking to block all Western VoIP providers, such as Skype. The goal is to safeguard any existing telecommunication operators in China against having low-cost or free-service competition from the outside. These protections would mostly cover China ...

Post Christmas sales soar at John Lewis

December 30, 2010

As UK consumers jump at the chance to take advantage of post Christmas clearance sales, John Lewis reports a 26.2 per cent rise in sales on Thursday. The popular British retailer, which also owns Waitrose, said in the three days following Christmas, it had sold nearly 26.2 per cent more than ...

Amazon invents gift return service for online

December 29, 2010

As Christmas is nearly over, Amazon has patented a new technology that could ensure customers get only what they wish for next Christmas season. The new tech comes as nearly one third of people return gifts purchased online this year. The documents, already viewed by the Washington Post, show ways the ...

Energy firms placing customers at risk says Ofgem

December 28, 2010

Electricity giants could face steep fines from Ofgem after the industry regulator said it would crack down on 'unacceptable' risks of power cuts. In a letter to E.ON, Scottish Power, Scottish and Southern and others, Ofgem said that fines would be issued for those companies that do not improve services. In ...

News Corp continues to make waves with BSKyB bid

December 27, 2010

Growing public concern has been revealed over News Corporation's bid for BSkyB as the news broke that the European Commission is likely to approve the takeover. The public has asked for an independent review of the proposed merger, according to a new opinion poll. The media firm, owned by tycoon Rupert ...

M&S ranks among greenest supermarkets in UK

December 24, 2010

Marks & Spencer has been named one of Britain's greenest supermarkets along with Co-op in a new report. Ethical Consumer magazine named both stores among the most outstanding in their contributions to green and sustainable grocery practices. Marks & Spencer was particularly noted for its palm oil sourcing and Co-op for ...

Deutsch Bank fined for tax evasion

December 23, 2010

Deutsch Bank is set to pay out $554million in fines after pleading guilty to helping the wealthy avoid taxes in the US. The large fine includes taxes plus the interest that the Internal Revenue Service did not collect from the unpaid taxes. To secure full cooperation, the Justice Department and federal ...

Sainsburys Finance warns Brits of lofty credit charges abroad

December 22, 2010

Britons that have planned to holiday abroad are being warned to ensure that their credit card does not charge high foreign exchange rates. Sainsbury's Finance has said that people should be sure to understand the terms and conditions on their credit cards prior to heading overseas to avoid unpleasant expenses. The ...

Lloyds Banking Group amidst Omar al-Bashir scandal

December 21, 2010

Omar al-Bashir, president of Sudan, possibly diverted nearly $9bn abroad, a lot of which could have ended up in a London-based account, said the prosecutor of the International Criminal Court. According to a recent WikiLeaks document, the ICC's Luis Moreno-Ocampo alleged that Lloyd's Bank in London could have knowledge of the ...

Vince Cable warns banks to curb bonuses or face supertax

December 20, 2010

Vince Cable has issued his first explicit threat against banks as talks of 'scandalous' bonuses emerge, despite Governmental pleas to show restraint. Mr Cable said that a supertax may in order should bankers continue to award steep bonuses while the rest of the country deals with austerity. The statement comes as ...

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