The Greek government has extended bank closures and a €60 daily limit on ATM withdrawals until Monday.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Osborne hopes minimum wage increase will soften blow of welfare cuts
George Osborne sought to outflank Labour and soften the blow from a £12bn cut to Britain’s welfare bill when he made a big rise in the minimum wage the centrepiece of the first Conservative budget in almost two decades.
China’s stock index tumbles to three-month low as turmoil grips markets
China’s benchmark stock index fell to a three-month low over concern a raft of measures to stabilise equities is failing to stop the bear-market rout as traders unwind margin bets at a record pace.
Energy giants face price cap for overcharging
David Cameron is prepared to consider placing a temporary cap on the most expensive electricity bills after a watchdog concluded that customers were being overcharged by £1.2 billion a year, No 10 has said.
Eurozone sets ‘final deadline’ for Greece debt plan
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
Barclays Sacks Chief Executive Antony Jenkins
The chief executive of Barclays, Antony Jenkins, has been sacked following an apparent disagreement on the bank’s direction.
Budget: George Osborne to slow pace of welfare cuts
George Osborne will use the first Conservative budget in 18 years to slash billions from in-work tax credits and housing benefit, although the chancellor is likely to slow the pace of an expected £12bn cuts to the welfare bill.
The risks of changing your prices too often
Today’s technologies allow digital businesses (as well as a growing roster of traditional companies) to change prices frequently, even minute-by-minute in real time if they want to.
Third Rolls Royce profit warning stuns City
The new boss in charge of Rolls-Royce, one of Britain’s most important companies, has pledged to improve its once-dire relationship with investors and the City.
Lovespace hits £1m in sales moving boxes for start-ups
Lovespace, the storage start-up launched by Streetcar founder Brett Akker, is on course to report turnover of £1m after seeing a surge in small business customers.
Greek Prime Minister Tsipras to present new plan to eurozone
Greek Prime Minister Alexis Tsipras is expected to present new proposals at a eurozone emergency summit on his country’s growing debt crisis.
70% of homes paying too much on energy bills
A year-long investigation into the energy market has found the majority of households are paying too much.
George Osborne’s budget to include shakeup of Sunday trading laws
The biggest shakeup of trading laws since the reforms of the 1990s is set to be unveiled in the budget on Wednesday.
Sale of half Wilko shops empire nets family members £63m
Half of the dynasty behind the Wilkinson discount retail empire have banked £63m by selling out of the chain.
Institute of Directors urges Osborne to reform tax system
Chancellor George Osborne needs to carry out an “ambitious” tax reform agenda in his Budget on Wednesday, the Institute of Directors (IoD) has said.