Bristol Business News

BA to cut spending by one fifth

British Airways says it is to reduce capital spending by 20% as it faces falling passenger numbers.

Mandelson hints at Vauxhall loans

The UK is prepared to make loans or loan guarantees to help push through the sale of Vauxhall, says Lord Mandelson.

California in 'fiscal emergency'

Governor Arnold Schwarzenegger declares a fiscal emergency in California to deal with a $24.3bn (£14.5bn) deficit.

Eurozone unemployment up again

The unemployment rate in the 16 countries using the euro rose to 9.5% in May, according to official EU statistics.

US job losses worse than thought

The number of jobs lost in the US last month came in at 467,000, which is much more than had been expected.

Credit card cheques crackdown

Unwanted credit card cheques will be banned and a new post created to help consumers get refunds, the government says.

News supplied by BBC

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