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Deutsche Bahn, who operates the German transport and Eurotunnel, are liaising with each other to consider the concept of running trains that travel at high speeds that travel through the tunnel to reach London and Frankfurt which are the two main financial hubs of Europe.

As mentioned by a source close to both parties, British airways is all set to respond today to Unite union’s last minute offer which will help in avoiding a strike by the cabin crew.

Merlin, the UK company owned by Private Equity major BlackStone, was in the process of coming up with a float before the stock market volatility last month put the process off-track.

Liberty International, the property firm, narrowing the huge losses suffered over the last 12 months, elaborated on its plan to opt for demerger yesterday.

While the good news is that energy suppliers have finally decided to slash the prices of electricity and gas, it is just a temporary relief for people until the long term prices for these commodities are fixed.

Considering the quickly falling car market, it is rare to hear a company actually posting a profit these days. Inchcape has done just that, posting a profit of £155.1m in 2009, up from the expected range of £141m to £151m.

Considering the spate of accidents that have occurred in level crossings over the past year, it has been deemed necessary to have level crossings to reduce the number of deaths and accidents related to this problem.

The mayor of London, Mr. Boris Johnson, is currently contemplating legal action against Tube Lines. This comes after the recent declaration that the Underground maintenance firm Tube Lines’ cost of operations is going to increase to £4.46bn. This is significantly higher than the acceptable £4bn estimate.

Criminals using newer, sophisticated ways to dupe unwitting customers trading online have led to the increase in the frauds related to internet banking.
Banking fraud over the internet registered an increase of 14% in the year 2008, based on the numbers released by UK Financial Fraud Action. This has led people to worry about using this [...]

Northern Rock, the nationalized home loan lender, reporting a steep drop in the losses for the year 2009, admitted that 4% of the total 22, 500 customers failed to make the monthly payments on their mortgage.
Though the bank has reported loss for the last year, the 4,500 employees, which also includes the 32 members of [...]