Senate Leaders Confirm Deal To Avert Default

Senate leaders have reached a last-minute agreement to avert a threatened US default and reopen the government. Senate Majority Leader Harry Reid announced on Wednesday that a bipartisan deal had been struck to end the fiscal impasse. Speaking on the...

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Pressure On Cameron As Food Bank Use Soars

David Cameron has come under pressure to launch an inquiry into why people are turning to foodbanks as demand for emergency supplies continues to surge. More than 350,000 people received a three-day food package from the Trussell Trust between April...

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BBC Criticised For £24m Staff Relocation Costs

By Becky Johnson, North of England Correspondent The multimillion-pound sum paid to BBC staff to help them relocate from London to Salford has been branded "difficult to justify" by MPs. The £24m was spent relocating nearly 900 staff to MediaCityUK...

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Twitter Shuns Nasdaq After Facebook Foul-Up

Twitter shares will trade on the New York Stock Exchange rather than the tech-heavy Nasdaq, which saw major problems in Facebook's market debut in 2012. An update to Twitter's filing with the Securities and Exchange Commission on Tuesday said: "We intend...

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US Shutdown: Las Vegas Family's Anxious Wait

In the US state that was hardest hit by the financial meltdown, they are watching anxiously as America teeters on the brink of a new economic unknown. Nevada, home of the gambling capital of the world Las Vegas, still suffers the highest unemployment...

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Employment: Jobless Benefit Claims Tumble

The number of people claiming jobless benefits saw its biggest monthly fall in more than 16 years in September. The Office for National Statistics (ONS) measured a drop of 41,700 in the number of Jobseeker's Allowance claims in September - the biggest...

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Gatwick Suffers Power Cut Amid Fog Disruption

Gatwick Airport's south terminal is effectively closed as a power cut in the building compounds earlier flight delays caused by fog. Passengers expressed frustration via Twitter - with some describing how staff were trying to communicate instructions...

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MP Warns Cable Over Royal Mail Bank Jackpot

By Mark Kleinman, City Editor Vince Cable, the Business Secretary, is under pressure to cancel millions of pounds of fees to the investment banks which oversaw the privatisation of Royal Mail. Adrian Bailey, the Labour MP who chairs the Business...

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Royal Mail Staff To Strike In November

The first national postal strike in almost four years will be held on November 4, union bosses have confirmed. A 24-hour stoppage is being planned by the Communication Workers Union (CWU) amid a bitter row with Royal Mail over pay and pensions which...

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Fuel Risk As Grangemouth Crisis Deepens

The Grangemouth oil refinery is to be closed for at least a week, threatening fuel supplies in Scotland, as its owner complains of financial damage from a threatened strike. The 48-hour stoppage was called off by the Unite union following the breakdown...

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