It appears that a supergiant gas field was recently discovered in an Egyptian coast by an Italian oil group called 'Eni'. According to a recent report by Telegraph, "a supergiant gas field holding the equivalent of 5.5 billion barrels of oil has been discovered off the coast of Egypt, the largest ever find in the Mediterranean."
United Kingdom
Financial Conduct Authority Wasted £3.2m Tax Money on a Deal with Oracle for a Software Never Used
City watchdog the Financial Conduct Authority wasted £3.2 million of taxpayers' money on a deal with Oracle for software that was never used. FCA officials admitted that the agency only required £1 million for a software they needed. But according to reports from This Is Money, the FCA paid a total of £4.2 million for a deal with San Francisco-based tech giant Oracle.
Housing boom in the horizon as market welcomes potential new buyers
As the supply for homes being sold goes down, statistics suggest an increase of potential buyers. This could lead to boom in house prices. Statistics from the Royal Institution of Chartered Surveyors (Rics) this week expects to see a surge in potential new home buyers as reported by This Is Money. As supply of houses being sold is dwindling, another boom in house prices could well be on the way.
Top 4 Brightest Entrepreneurs in Britain Who Have Brought Their Startup Ventures into Stellar Success
When people talk about successful startup tech companies, the first thing that comes to mind is Silicon Valley. But half way across the world, four bright founders from Britain are changing the startup venture industry.
Craft beer maker BrewDog turns to Crowdcube for GBP25M fund raising
As part of its business expansion drive, craft beer maker BrewDog is raising funds through Crowdcube, which is UK's biggest crowdfunding platform. The Scottish BrewDog will raise GBP 25million though two crowdfunding routes by next April.
Latest News
Punch Taverns decides to sell 158 of its pubs to NewRiver for an agreed sum of £53.5 million. The decision to sell off its non-core businesses is in line with their goal to take care of its accumulated debts.
As the onslaught of the stock market tumult continues to wreak havoc on some of Britain's banks, Lloyds and Royal Bank of Scotland lost almost £3 billion from their value.
Since European Union's economy is finally recovering, a noted economist proposes three significant areas that U.K. officials should focus on to sustain its growth: medium-sized businesses, overseas trade and linking of geographic powerhouses to maintain the economic model.
The London property market that's been a favorite global hotspot for years, is fast losing its sheen as British pound becomes stronger, while emerging economies currencies are turning out to be weaker.
Retail Acquisitions, the new owner of department store chain BhS seeks for funding of 70 million pounds several months after buying it. The new owners are now talking with prospect providers for additional funds that would help them transform the iconic brand.
The 'Big Four' accounting firm Deloitte's partners on an average posted earnings of GBP 822,000 for 2014. Deloitte's partners numbering 721 recorded a 9.6 percent growth as their average earning was up from GBP 750,000 in 2013 to GBP822,000 in 2014, according to the UK arm of the accounting firm.
A floating pool made of glass is planned to be constructed between apartment blocks in Nine Elms quarter, London. The area is nearby Battersea Power Station. The pool will be suspended ten storeys above London.
People have a misconception about airline miles, believing that it needs unattainable points to redeem a free flight. This may be true for first class or business class flights, as well as long, international flights. But with British Airways Avios, 4,500 miles can already mean a 600 miles-or-under flight.
Charging an electric car in the United Kingdom may soon be as convenient as charging a phone. The British government is testing later this year a motorway that enables electric cars to charge as they drive, using magnetic induction technology.
