No image available
BA, Iberia sign merger deal to create global giant
BA and Spanish flag carrier Iberia on Thursday announced a merger deal to create one of the world’s biggest airlines.
No image available
World stock markets slump on European debt fears
Global equities tumbled on Friday as investors ran for cover on fears that soaring European state debt could damage a fragile economic recovery.
No image available
Kraft swallows Cadbury in multibillion-dollar takeover
Cadbury, a monument to the British chocolate bar, fell on Tuesday to US giant Kraft by accepting an offer worth £11,5-billion.
No image available
BA wins court battle to stop Christmas strikes
British Airways won a high court battle on Thursday to prevent cabin crew staging a 12-day walkout.
No image available
Recession fears hit financial markets
Warnings of an ”inevitable” global recession and the expectation of more interest-rate cuts triggered global financial turmoil on Wednesday.
No image available
Oil price vaults past $126
The price of New York crude oil soared above $126 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, spiked as high as $126,20 in London trading hours.
No image available
Global equities deep in gloom
Asian and European stock markets fell sharply again on Monday as investors worried about possible recession and a forthcoming interest-rate call in the United States, analysts said. The Paris market fell amid anxiety and tension after an alleged -billion fraud was unearthed last week at French bank Société Générale.
No image available
Record-breaking gold could hit $1 000
The price of gold is hitting new record highs owing to the troubled United States economy and a cocktail of other supportive factors, leading some analysts to predict  000 per ounce could happen soon. In recent days the precious metal has blasted past in a record-breaking run. On the London Bullion Market on Monday, gold blazed a trail as high as ,30 dollars per ounce.
No image available
UK bank Northern Rock faces break-up talk
Troubled British bank Northern Rock faced break-up rumours on Sunday as it sought to reassure panicking customers and investors following an emergency bail-out by the Bank of England. Worried customers besieged Northern Rock on Friday and Saturday to withdraw their savings — despite assurances that it would not fall victim to the global credit squeeze.
No image available
Bidding war urged for ABN Amro
Investment fund TCI tried to spark a bidding war for Dutch group ABN Amro on Tuesday, seizing on marriage talks by British bank Barclays with an invitation to other banks to make offers. ABN Amro and Barclays revealed overnight that they were in ”exclusive” talks to create a vast global bank with complementary interests around the world.
