Industry News

BT offers holidays for pay cuts
BT offers staff the chance of long holidays in return for a big pay cut in a bid to reduce costs during the economic downturn....

Rogue trades cost oil broker $10m
A rogue trader at a London-based oil brokerage causes his employer to lose $10m (£6m) after making unauthorised trades. ...

BA to cut spending by one fifth
British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers....

Latest news, explainers and advice on coping with a recession
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Darling issues warning to bankers
Chancellor Alistair Darling warns bankers it would be "disastrous" to repeat past mistakes - especially excessive bonuses....

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