Weather: Economy Hit By Spring Snowstorm

By Nick Martin, Sky News Correspondent Britain's fragile economy has been hit hard as a result of the spring snowstorm with some businesses reporting a slump in trade. Some high street retailers say the cold snap kept customers away during what...

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Cyprus Banks: President Makes Rallying Call

Cyprus' president has called on the country to "share the burden" of its financial crisis - as bank withdrawal limits remained at 300 euros. President Nicos Anastasiades made a rallying call for understanding as queues formed outside banks on the Mediterranean...

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Cyprus Banks Finally Reopen But Anger Lingers

By Tom Parmenter, Sky News Correspondent in Cyprus Cyprus' banks have opened their doors after the longest enforced bank holiday in Europe's history. Queues grew outside branches across the country, with no signs of panic as employees limited the...

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Deloitte Boss Blames Law For Tax Avoidance

The chief executive of one of the big four accountancy firms, Deloitte, has blamed UK law for the money lost as a result of tax avoidance. Speaking on Jeff Randall Live, David Sproul admitted that the problem with the tax system is "mainly the law"....

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Cyprus Banks In 'Race' Ahead Of Reopening

By Tom Parmenter, Sky News Correspondent Banks in Cyprus are in a "race against time" to be ready to reopen their doors today. For nearly a fortnight banks have been closed after Cyprus was plunged into its biggest crisis since the Turkish invasion...

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Cyprus Imposes Limits Ahead Of Bank Reopening

Cyprus Bank Controls 'To Remain' Updated: 7:07pm UK, Wednesday 27 March 2013 By Ed Conway, Economics Editor Well that's a relief! The initial leaked documentation detailing how capital controls will work in Cyprus says they will only be temporary....

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Energy Bill Hikes 'Cut By Efficiency Schemes'

A new report claims government policies helping to insulate homes and promoting the installation of more energy efficient boilers are reducing the rise in gas and electricity bills. Savings generated from energy efficiency policies are already having...

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Banks Facing £60bn Capital Shortfall

Britain's banks are expected to be told today they face a capital shortfall of up to £60bn as the Bank of England delivers its verdict on the strength of the sector. The Bank's Financial Policy Committee (FPC) will reveal the scale of the balance sheet...

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Cyprus Facing 30% Unemployment Amid Crisis

By Tom Parmenter, Sky Correspondent, In Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive restructuring of the financial system, the inevitable loss of many investors and...

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UK Helicopter Search And Rescue Ops 'Sold'

By Alistair Bunkall, Defence Correspondent The Government is selling off UK helicopter search and rescue operations to a US-based company, according to Sky sources. The Bristow Group, which is headquartered in Texas, has won the contract to run...

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Cyprus Bailout Deal Wins Eurozone Approval

Cyprus has secured a 10bn euros (£8.5bn) EU bailout saving the country from a banking system collapse and bankruptcy. In return for the rescue funds, Cyprus must restructure its banking sector under a troika plan approved by eurozone ministers earlier...

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Airlines 'Should Charge Fat Passengers More'

Airlines should make heavier passengers pay more for their plane tickets and lighter ones less, it has been suggested. The controversial pay-as-you-weigh pricing scheme has been mooted by a Norwegian professor who argues that weight and space should...

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Thousands Of Jobs Saved As Blockbuster Bought

The troubled DVD and games rental chain Blockbuster has been bought, saving 2,000 jobs and 264 UK stores. Administrators from accountants Deloitte said restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum....

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Cyprus Agrees 20% Tax On Bank Deposits

Politicians in Cyprus have reportedly agreed a new one-off levy on savers in order to secure a European bailout. The measures, yet to be confirmed by the country's President, include a 20% tax on savers with deposits over 100,000 euros at the country's...

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