BBC Boss 'Shocked' Over Bumper Pay-Offs

BBC bosses have been grilled by MPs over how senior staff were given hefty pay-offs that often breached the corporation's own guidelines. Director-general Tony Hall and chairman of the BBC Trust Lord Patten appeared before the Public Accounts Committee,...

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IMF Upgrades UK Growth Forecast For 2013

The International Monetary Fund (IMF) has upgraded its 2013 growth forecast for Britain, reinforcing claims of green shoots of economic recovery. The IMF is now predicting growth of 0.9% this year, up by 0.3% since its last report in April when it downgraded...

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UK Coal Calls In Administrators Over Daw Mill

Britain's largest coal miner has gone into administration, with the loss of 350 mining jobs. The move comes after an underground fire closed its most profitable mine at Daw Mill colliery in Warwickshire last March. Management confirmed the decision...

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Miliband Vows To Reform Labour's Union Ties

Ed Miliband has made one of the biggest gambles of his leadership by vowing to radically reform Labour's relationship with the unions. In a move that could cost his party millions in funding and lost membership, Mr Miliband unveiled a series of steps...

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City Watchdog Boss Got £86,000 Bonus In 2012

By Mark Kleinman, City Editor Martin Wheatley, the boss of the new City conduct regulator, received a near six-figure bonus last year despite criticism of its handling of a string of mis-selling scandals. Sky News can reveal that Mr Wheatley, chief...

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Fukushima Nuclear Boss Dies Of Cancer

The nuclear power plant chief who led the life-risking battle to stabilise the crippled Fukushima reactors in Japan two years ago has died of oesophageal cancer. Masao Yoshida, 58, died on Tuesday in a Tokyo hospital, a spokesman for the nuclear plant's...

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Apple And Amazon End Legal Row Over Apps

Apple has abandoned its efforts to claim the term 'app store' as its own. The tech firm confirmed it had dropped its two-year lawsuit against rival Amazon for using the term - two years after filing the case in California. The suit had claimed that...

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Amazon Rapped Over Benefits Of Measles Claim

Amazon has got into trouble with the Advertising Standards Authority (ASA) after publishing misleading claims about a book promoting a vaccination-free childhood. The ASA ruled the online retailer's portrayal of Melanie's Marvelous Measles could...

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Cyberattack Risk Highest Ever, MPs Warn

By Alistair Bunkall, Defence Correspondent The threat to the UK from cyberattacks is now at its highest-ever level and is "disturbing in its scale and complexity", according to MPs. The assessment was made by the Intelligence and Security Committee...

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Royal Mail Sale: Cable Outlines Flotation

Royal Mail staff will get free shares under the Government's plans for the privatisation of the service, despite strong opposition to the sell-off among the workforce. The Business Secretary Vince Cable confirmed in a statement to MPs the intention...

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