Apple Says Sorry Over China Customer Service

Apple's chief executive has been forced to apologise for its after-sales service in China following weeks of criticism in the country's media. Government-controlled media across the country had attacked the technology giant's "arrogance" and accused...

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PRA Covers Cypriot Deposits In UK Accounts

Britain's new banking watchdog has said that local deposits in an ailing Cypriot bank will be transferred and given protection for up to £85,000. The Bank of England's new Prudential Regulation Authority (PRA) said UK deposits in the Cyprus Popular...

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Bankrupt Stockton Is Biggest Failing US City

A federal judge has signed off on years of pain for the residents of Stockton by allowing the northern Californian city to enter bankruptcy. The ruling will give the municipality special financial protection so it can continue providing basic services....

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Whisky Galore! Scotch Exports Hit New High

Global Scotch whisky exports hit a record in 2012 and now account for around 80% of Scotland's total food and drink foreign trade. The value of exports last year reached £4.27bn - amounting to more than £11m in foreign sales daily. The foreign whisky...

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Mortgage Approvals Fall Despite Credit Boost

The number of loan approvals for house purchase fell by 4.7% last month when compared to January, official data has shown. The Bank of England said that 51,653 mortgages were approved in February - worth a total of £7.7bn. The figure marked the second...

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Cyprus: Finance Minister Quits Amid Bank Probe

Cyprus has appointed a new Finance Minister, just hours after the incumbent resigned amid the launch of an investigation into its dramatic banking sector bailout. The Greek Cypriot government named Harris Georgiades as the new minister to replace Michael...

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Benefits: Osborne Defends Welfare Shake-Up

George Osborne has robustly defended the Government's controversial benefits shake-up - insisting Britain can no longer afford to reward people who do the "wrong thing". Speaking at a supermarket distribution centre in Kent, the Chancellor condemned...

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Triple-Dip Recession 'To Be Avoided': BCC

The UK's manufacturing and services sectors have strengthened in the first quarter of the year, according to the British Chambers of Commerce (BCC). The group's survey of more than 7,000 businesses revealed that export orders and sales in services were...

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Greece Jobless Figure: Youth Employment At 58%

Youth unemployment has nearly hit 60% in Greece, new figures on EU unemployment have revealed. According to statistical agency Eurostat's latest available figures, the jobless rate for young Greeks hit 58.4% in December. The figure is expected to worsen...

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Quorn Owner Acquires Taste For Whisky Deal

By Mark Kleinman, City Editor The investment group which owns the meat-free food range Quorn is in talks to take control of one of Britain's biggest independent whisky distillers. I understand that Exponent Private Equity is the mystery party which...

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