Government ‘not budging’ on pay
Craig TaylorThe government is “not budging” on its changes to pay and pensions for public sector workers, Cabinet Office Minister Francis Maude says. BBC News – Business
Business
British Gas staff mis-sold deals
The UK’s biggest energy supplier, British Gas, mis-sold energy deals by making exaggerated claims to potential customers, the regulator says. BBC News – Business
Dow closes over 17,000 for first time
The Dow Jones Industrial Average – a US stock index made up of some of the biggest global firms – closes above 17,000 for the first time. BBC News – Business
Record number of deaths on railways
A record number of people died on the UK’s railways last year, from either trespassing or committing suicide, but it remains the safest form of transport on land. BBC News – Business
BNP Paribas to pay $9bn to US
France’s largest bank BNP Paribas agrees to a record $ 9bn (£5.1bn) settlement with US prosecutors over allegations of sanctions violations. BBC News – Business
BNP Paribas to be ‘punished heavily’
The boss of BNP Paribas writes to staff warning that the French banking giant will be fined heavily by US authorities. BBC News – Business