Open University To Go Global With Online Courses

The Open University (OU) has launched a campaign to take distance learning global - as it attempts to catch up with online course offered by US colleges. The OU has teamed up with 10 British universities in a venture called FutureLearn. The plan is...

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EU Summit: Cameron 'Committed To Saving Euro'

The Prime Minister has made it clear he wants favours in return for signing a deal aimed at increasing economic and monetary union in the European Union. At the seventh and final EU summit of the year, David Cameron insisted the UK was not in an uncomfortable...

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UBS Faces $1bn Fine Over Libor Manipulation

UBS is expected to be hit with a fine of around $1bn to settle Libor manipulation charges. The total amount - worth around £620m - will be a combined penalty from US and UK regulators, and is expected to be confirmed early next week. UBS declined to...

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Queen Asks Bank Bosses About Financial Crisis

The Queen has finally had her question answered on why nobody saw the financial crisis coming during a visit to the Bank of England. Four years ago, during the height of the global crisis, the Queen famously asked: "Why did nobody notice it?" While...

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Youth Unemployment Falls Amid Jobs Record

There has been the biggest quarterly fall in unemployment for a decade amid a welcome drop in the number of young people without work. The Office for National Statistics said unemployed 16- to 24-year-olds fell by 72,000 to 945,000 in the three months...

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Barclays Hires Former FSA Boss Hector Sants

Barclays has hired the former chief executive of the Financial Services Authority (FSA), Hector Sants, as its head of compliance. The bank's interest in Mr Sants, which was exclusively revealed by Sky's City Editor Mark Kleinman last week, emerged soon...

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Libor Scandal: UK Police Make Three Arrests

The Serious Fraud Office (SFO) has made three arrests as part of its investigation into the manipulation of the interbank lending rate, Libor. The major banks declined to comment on the development but Sky sources have suggested that one of the people...

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Virgin Atlantic Takes On BA With Delta Deal

Singapore Airlines has sold its 49% stake in Virgin Atlantic to rival Delta, in a move that will bolster Virgin's reach in the United States and intensify its rivalry with British Airways. The deal was announced just 24 hours after a verbal spat between...

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E.ON Is Last Of 'Big Six' To Raise Energy Bills

The last of the major energy firms to confirm its winter price rises, E.ON, has said its bills will be going up from January 18. The company is writing to customers to inform them of their plans, which will see the average dual fuel bill rise by 8.7%....

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HSBC 'To Pay $1.9bn' In Money Laundering Case

British banking giant HSBC will pay a record $1.9bn (£1.2bn) to settle a money-laundering probe by US authorities into Europe's biggest bank, reports say. The investigation of the bank has focused on the transfer of billions of dollars on behalf of...

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Tax Row 'Helping John Lewis Online Sales'

Tax Row: Convenience Still Priority Updated: 7:27pm UK, Sunday 09 December 2012 By Tadhg Enright, Business reporter Recession? What recession? So has been the mantra at John Lewis throughout the financial crisis during which sales growth consistently...

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Twitter Fined Over UK Business Accounts Delay

By Pete Norman, Sky News Online Social media giant Twitter has been fined after failing to file its UK corporate accounts, Sky News has learned. The company was due to lodge its annual accounts no later than September but has still not done so,...

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Bank Staff 'Under Pressure To Sell', Which? Says

Staff at Britain's largest banks remain under pressure to sell products to customers, often regardless of whether they are appropriate, an investigation claims. Two thirds of bank staff with a sales role said there is now "more pressure than ever" to...

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Starbucks Tax Row: Protestors Occupy Stores

Anti tax avoidance activists have staged protests at more than 50 Starbucks stores to complain about the coffee chain's tax arrangements. UK Uncut said it was the most widespread day of action it had ever held, showing the depth of anger at the scale...

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