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BBC (U.K.) 

Wonga to write off £220m of loans

Payday lender Wonga says it is writing off £220m of debts for 330,000 customers after putting in place new affordability checks.

Bank to get extra powers on housing

The Bank of England accepts new powers to prevent a housing boom and bust, as suggested by the Chancellor, George Osborne

Oil price falls to two-year low

Global oil prices fall to their lowest level in more than two years after Saudi Arabia cut its official selling price.

Virgin Money announces float plan

Virgin Money, the UK challenger bank partly owned by entrepreneur Sir Richard Branson, announces plans to list its shares on the London Stock Exchange.

ECB keeps interest rate at 0.05%

The European Central Bank keeps its benchmark interest rate at 0.05% and is expected to give details later of its asset purchase programme.

Angry Birds maker to cut 130 jobs

The Finnish maker of hit mobile game Angry Birds, Rovio, will lay off 130 staff, accounting for 16% of its workforce.

Pimco investors withdraw record sum

Bond giant Pimco saw its investors withdraw a record $23.5bn (£14.5bn) in funds after manager Bill Gross abruptly left the company last month.

Ukraine GDP 'to shrink 8% this year'

Ukraine's economy is likely to suffer more than previously predicted because of the conflict in the east of the country, the World Bank has said.

Argentina bank governor resigns

Argentina's central bank governor Juan Carlos Fabrega resigns after less than a year in the job, as the country's economic troubles pile up.

Japan in $617bn 'fat finger' error

Japan's stock markets were rattled after a trading error caused more than $600bn (£370bn) worth of orders to be made and then cancelled.

FTSE falls as investors remain wary

UK shares continue their recent slide, as concerns over the health of the global economy persist.

Young people 'lack workplace skills'

Young people lack workplace skills such as communication and team working, a study among employers suggests.

Cameron pledges tax cuts 'for 30m'

David Cameron says a future Conservative government would cut taxes for thirty million people as he delivers his party conference speech.

Thousands unable to renew car tax

Thousands of customers trying to renew their car tax online are experiencing problems with the Driver and Vehicle Licensing Agency (DVLA) website.

EU commissioner: Nude celebs 'dumb'

Celebrities who had intimate pictures of themselves leaked onto the internet were "dumb" for taking them, the EU's new digital commissioner says.

Sainsbury results spark shares fall

Sainsbury's shares close down 7% as supermarket price wars prompt its third consecutive quarterly sales fall.

California imposes plastic bag ban

The US state is the first to pass legislation imposing a ban on single-use plastic bags in grocery and convenience stores.

Netflix to release full-length film

The video streaming site Netflix will release its first feature-length film in 2015, after striking a deal with the Weinstein Company.

Free iPads as mortgage war escalates

Lloyds is offering home buyers free iPad mini tablets in an intensifying mortgage war between major banks.

Inheritance changes come into force

Legal changes increasing the inheritance rights of people whose spouses or civil partners die without making a will come into force.

Wonga sees profits more than halve

Annual profits at payday lender Wonga have fallen by more than half, the company announces.

France to shrink deficit by 2017

The French government says it will reduce its budget deficit to below the EU threshold of 3% of GDP by 2017, two years later than promised.

US dollar rally 'has years to go'

The US dollar continued its rally on Wednesday, hovering near a four-year high against major currencies, and analysts say there is more to come.

Eurozone woes hit UK manufacturing

The UK manufacturing sector grew at its slowest pace for 17 months in September as a result of the strong pound and weakness in the eurozone, a survey indicates.

Cuddling koalas is big business

The Featherdale Wildlife Park, a private zoo in Sydney, is thriving by offering a "hands-on" experience with its animals.

The woes of Rio's small retailers

Independent shop owners in Rio de Janeiro are complaining about higher rents and crime rates, and less customers, forcing many to close, reports Donna Bowater.

Setting up business with a stranger

Charles Rolls and Tim Warrillow, the co-founders of tonic water business Fever-Tree, decided to set up together upon meeting for the very first time.

Rio 2016 Olympics 'are on track'

The International Olympic Committee says it is satisfied with the progress made by Rio de Janeiro in its preparations for the 2016 Olympics.

New sports venue for Don Valley site

A multi-million pound stadium will be built on the site of the former Don Valley Stadium, which was demolished last year.

Ticket ballot for World Cup games

Every game at the Rugby World Cup is oversubscribed in at least one price category, with tickets to be allocated by ballot.


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