Economy may be recovering - Major

16 September 2012 Last updated at 08:11 ET Please turn on JavaScript. Media requires JavaScript to play. Sir John Major tells Andrew Marr UK economic recovery begins "from the darkest moment" The British economy may have passed its "darkest moment" and an economic recovery may be under way, former Prime Minister Sir John Major has said. He said falling unemployment...

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Panasonic in China factory halt

16 September 2012 Last updated at 23:35 ET Japanese electronics maker Panasonic has suspended some of its operations in China after anti-Japan protesters attacked two of its factories. The firm said its factory in Qingdao will remain shut until 18 September. The attacks are a part of wider protests that have spread across China and hurt other firms, including Toyota. They started...

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UK's 'top piracy city' revealed

17 September 2012 Last updated at 00:44 By Dave Lee Technology Reporter Manchester has been named the piracy capital of the UK, according to a new study seen exclusively by the BBC. The research said there were more illegal downloads per person in the city than any other in the country, followed by Nottingham and Southampton. The statistics, from monitoring service Musicmetric,...

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Small firms in 'finance struggle'

16 September 2012 Last updated at 22:30 ET Small firms are struggling to raise the money they need to expand, according to a survey by business leaders. The Federation of Small Businesses (FSB) found that 42% of those who applied for a loan said they were turned down. The FSB said that while companies were weathering the recession well, business confidence was declining. The British...

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Boots agrees deal with China firm

16 September 2012 Last updated at 22:07 ET Alliance Boots, one of Europe's biggest pharmacy chains, has agreed a deal to buy a stake in a Chinese firm as it looks to expand in the country. Boots said it will acquire a 12% stake in Nanjing Pharmaceutical Company Limited, for 560m yuan ($88m; £56m). China, the world's second-largest economy, is home to more than 1.3 billion people,...

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Income levels 'to rise next year'

16 September 2012 Last updated at 10:27 ET UK households will see a rise in real income levels next year for the first time since the onset of the financial crisis, a study suggests. Taking inflation into account, incomes are set to rise by 0.5% in 2013, according to the Centre for Economics and Business Research (CEBR). But they will drop by 0.2% this year, the group said. Households...

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Greece euro exit 'catastrophic'

16 September 2012 Last updated at 08:15 ET Greek Prime Minister Antonis Samaras has reiterated his belief that exiting the euro would be a "catastrophe" for his country. In an interview with the Washington Post, he called again for more time for Greece to implement spending cuts. There are indications creditors are considering giving Greece more time. His comments come as a leading...

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Road charge for foreign lorries

16 September 2012 Last updated at 00:54 ET Foreign lorries are to be charged up to £1,000 a year to use British roads - in a bid to benefit domestic hauliers. The fee will also apply to UK-based lorries - but this will be offset by an equivalent cut in vehicle excise duty. The move is designed to create a "level playing field" for British lorry drivers, as they have to pay for...

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Cuts rallies in Madrid and Lisbon

15 September 2012 Last updated at 18:34 ET Please turn on JavaScript. Media requires JavaScript to play. Thousands of protesters demonstrate on the streets of Madrid Tens of thousands of people have rallied in Spain and Portugal in protest at spending cuts and tax rises in the debt-hit countries. In Madrid, public sector workers from all over Spain blocked the...

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Stock markets rise on US stimulus

14 September 2012 Last updated at 18:01 ET Continue reading the main story Global stock markets have risen after the US Federal Reserve moved to pump more money into the economy. The Paris market rose 2.3%, while UK and German indexes closed up 1.5%. Wall Street ended the day 0.4% higher. It followed the Fed's decision on Thursday to inject $40bn (£25bn) a month into the US economy....

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