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Companies and Markets
BNP Paribas given waiver to manage US retirement plans
The US Department of Labor will allow BNP Paribas to manage retirement plans, despite its record $8.9bn penalty and guilty plea for violating US sanctions against Sudan and other countries.
Oil explorer rolls back on Gatwick discovery
The tiny explorer that claimed last week to have found a vast oilfield near Gatwick airport has clarified its expectations, saying the hydrocarbons cannot yet be considered prospective.
Euro leaders line up to oppose Cameron on treaty changes
“More and more” European leaders oppose David Cameron’s call for treaty change in the run-up to a British referendum because of the danger of copycat popular votes spreading across Europe, a senior Brussels figure said.
Oil jumps on signs of higher demand
The oil price rose by more than a dollar yesterday after a leading energy think-tank lifted its forecast for demand this year and new data from the US showed stockpiles growing less sharply than expected.
Farage fires the starting gun for Ukip’s manifesto
Ukip venue-wise, the Thurock Hotel isn’t quite in the White Cliffs of Dover or the Canvey Island Movie Starr cinema class. But it’s got something. Not every hotel offers its guests (not kidding) a “Fawlty Towers ‘Dinner is Served’ Experience”, for example.
Lib Dems facing wipeout by the Tories in their old heartlands
The Liberal Democrats are facing a wipeout in their heartlands and could lose all their MPs in the South West of England, a poll predicted last night. On the da Nick Clegg launched his party’s manifesto and appealed for voters to keep him in power, it emerged that 14 Lib Dem West Country strongholds could fall to the Tories.
Labour poll guru pays no UK tax on his fees
Ed Miliband’s most senior adviser pays no tax on his reported £300,000 earnings in Britain, The Daily Telegraph has learnt. David Axelrod, a former adviser to Barack Obama, admitted that he was not resident for tax purposes in the UK.
Before you buy that Bentley, better find a good mechanic
They may be the dream cars of many motorists, but Bentleys and Porsches could cause more headaches than any other marque, a study has found. Both carry hefty price tags, but are at the bottom of an annual index ranking cars by reliability.
Google denies ‘abuse’ of global search domination
Google was forced to deny crushing competition from shopping comparison services yesterday as it was charged with “abuse” of its monopoly on web searches. Years of wrangling between the Californian tech giant and European competition officials came to a head as it was issued with formal “statement of objections” by Margrethe Vestager, the European Commissioner responsible for enforcing anti-trust laws.
Lib Dems refuse to rule out European referendum
Nick Clegg yesterday removed one of the barriers to a second coalition deal with the Conservatives by refusing to veto an in-out referendum on EU membership, and instead insisting that the Tories backtrack on their plans for £12bn of welfare cuts.
Red Ed’s Downtown Secret – We do have two kitchens…nanny uses the one downstairs
Class warrior Ed Miliband has finally revealed why he has two kitchens – so he doesn’t have to share one with the nanny. In a TV interview aired tonight the Labour leader, dubbed Two Kitchens Ed, admits his children’s carer cooks in the basement, while he and wife Justine use a kitchen upstairs in their four-storey London home.