General Motors fined $35m over recall
Craig TaylorThe US government fines General Motors $ 35m(£20.8m) for delays in recalling small cars with faulty ignition switches. BBC News – Business
Business
India stocks hit record on elections
Indian stocks rally to a record after early vote counts show opposition leader Narenda Modi was leading the election polls. BBC News – Business
UK jobless rate at five-year low
The UK’s unemployment rate falls to a five-year low of 6.8% while the number of people in work rises to a record high, official figures show. BBC News – Business
Pfizer takeover ‘could delay’ drugs
The chief executive of AstraZeneca warns that new drug development could be hit if it was taken over by Pfizer, but Business Secretary Vince Cable says blocking a takeover is “tricky”. BBC News – Business
Bosses see rate rise in early 2015
UK interest rates will rise to 0.75% from 0.5% in the first three months of 2015 as growth picks up, according to a prediction from the CBI. BBC News – Business
‘Hard-nosed’ approach to Pfizer deal
Chancellor George Osborne says he will take a “hard-nosed approach” to determine whether Pfizer’s proposed £60bn takeover of UK firm AstraZeneca will deliver for UK jobs and science. BBC News – Business