New FSA Rules Prompt Internet Bank Rethink

By Mark Kleinman, City Editor A new retail bank which has been struggling to secure funding and regulatory approval for more than three years has restarted talks with potential investors, buoyed by new rules governing start-up lenders. I have learnt...

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Google Ivory Adverts 'Against Own Policies'

Google has been accused of helping to increase the demand for ivory by running adverts promoting the sale of the product. The Environmental Investigation Agency (EIA) said illicit ivory traders in China and Thailand were benefiting from the killing...

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China Spending Billions More On Defence

By Mark Stone, China Correspondent China is to increase its defence budget spending by 10.7%, the country's government has announced. The increase means a total of RMB720bn (£76.4bn) will be allocated to the Chinese military.  The announcement...

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Navy's Tennis Ball-Hunting Radar Revealed

A new radar that can detect a tennis ball travelling at three times the speed of sound from more than 15 miles away has been fitted to a Royal Navy warship. The Artisan system, which was developed by BAE Systems, was installed on HMS Iron Duke, a Type...

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Americans Line Up For NHS Blood Plasma Firm

By Mark Kleinman, City Editor A pack of American biopharmaceutical companies and financial investors has entered the race to acquire the principal supplier of blood plasma to the National Health Service (NHS). I understand that Baxter International,...

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Nissan Boss: 'European Car Market Depressed'

The president of Renault and Nissan has told Sky News dwindling demand in Europe is the main concern of global carmakers. Speaking at the Geneva Motor Show, Carlos Ghosn also admitted that overcapacity in the region was a serious issue. "There is no...

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Dow Industrial Average Reaches All-Time High

By Sky News US Team, in New York The Dow Jones industrial average has reached an all-time high, powered by China's strong economic growth targets and a jump in European retail sales It surpassed its previous record high of 14,198 set on October...

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Identity Crime Pushes Fraud To A Record High

Fraud in the UK has risen by 5%, with more crimes recorded in 2012 than in any previous year, according to the UK's Fraud Prevention Service. CIFAS recorded 248,325 frauds last year, with identity crime - when people misuse the personal data of victims...

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Retail Sales Driven Up By Tablet Demand

Electronic goods helped drive up last month's retail sales, which grew at their fastest rate in more than three years, new figures have shown. Like-for-like retail sales in February were up 2.7% on the previous year - the highest figure since December...

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Hotel Room Rates Slide Despite Olympics

Hotel prices slipped by 4% in 2012 as the year's wet weather hit bookings, research by Hotels.com has revealed. Guests paid on average £100 a night according to the company's Hotel Price Index, which is based on the amount paid by those booking through...

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