Chancellor George Osborne has welcomed the global fall in oil prices, calling the drop a “net positive” in providing UK consumers with cheaper sources of energy, while applying political pressure on Russian President Vladimir Putin.
Japan is facing a McDonald’s French-fry shortage and can only afford to serve its customers small portions, because of a protracted union standoff at US West Coast ports. Rerouting shipments isn’t helping, Japan’s McDonald’s officials say.
Top management in Britain’s biggest companies is becoming less ethnically diverse, despite government attempts to encourage the promotion of minorities to senior posts, according to a recruitment organization.
Microsoft added bitcoin as an online payment option in Xbox and Windows stores. US customers can now purchase games, apps and other goodies, with digital currency added to their personal Microsoft accounts.
Russian companies in oil, finance, military, and other sectors – as well as the country’s embassies abroad – have become the primary targets of a new espionage campaign, labeled ‘Cloud Atlas’ by global information security powerhouse Kaspersky Lab.
Comcast customers filed a class-action lawsuit against the company in federal court, claiming that its business practices result in higher electricity costs, slower internet connections and increased security vulnerabilities for customers.
Oil giant British Petroleum (BP) plans to cut hundreds of jobs, many of them in the US and the UK, owing to the recent drop in oil prices and rising costs due to the Deepwater Horizon disaster in the Gulf of Mexico.
Germany’s biggest power supplier, E.ON, is shaking up its corporate structure in response to the company’s poor performance among Europe’s energy sector crisis. It will split into two companies – one focused on renewables and the other on fossil fuels.