Economy News

Tax credit repayments 'to soar'

Many more people will face having to pay back some of the money paid to them as tax credits because of Budget changes, experts say. full story.

Interns are 'entitled to be paid'

Many young people working free as interns may legally be entitled to pay, a report says. full story.

Addresses set to lose county name

Counties appear set to be dropped from postal addresses in future years after complaints about out-of-date names. full story.

US economic growth slows to 2.4%

US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says. full story.

Strikes and ash extend BA losses

BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud. full story.

Northwest agrees to pay $38m fine

Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says. full story.

Immigrant worker limit criticised

Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London. full story.

Airbus firm EADS lifts output aim

Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings. full story.

Royal Mail pension plan in doubt

The Pensions Regulator is challenging a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme. full story.

Fraud charges over £115m inquiry

A businessman investigated by City of London police is facing 30 charges of fraud full story.

Deadline for tax credits renewal

Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits. full story.

Disney sells Miramax film studios

Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors. full story.

Sale of EDF's UK networks agreed

A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn). full story.