World Business News

A new boiler "scrappage" scheme to help 125,000 households replace their old boilers with new, more efficient models was among a series of green measures in the Pre-Budget Report today. Chancellor Alistair Darling said the programme, similar to the trade-in...

President Barack Obama outlined a second stimulus spending initiative Tuesday, just a global half turn after Japan unveiled a spending plan worth $81 billion. For months, economic leaders have been strongly suggesting it is time for various countries to formulate...

Rail passengers in north-west England will benefit from faster and more reliable train journeys after the government extended its rail electrification programme . The Department for Transport has already announced a £1.1bn scheme to electrify the main line between London...

For Bajaj Auto, it’s a case of looking to the future rather than the past. But consumers who remember India before liberalization will probably feel pangs of nostalgia at the announcement that Bajaj Auto is set to stop making scooters....

The spread is now 1.8 per centage points, or 182 basis points, and remains the second highest in Europe. Traders blamed the fallout from Greece's recent troubles, saying it acted as a "contagion" for the market. Investors feared a domino...

Global Source projects a 3.3 percent average inflation for the Philippines this year and 4.5 percent in 2010 amid the upside risks to the rate of price increases. In a report dated December 8, 2009, the New York-based think-tank said...