BP invests in eco fuels
BP has been marketing themselves as a green oil company, they have changed their logo to look like a flower and now they are investing into an eco fuel business named Verenium.
This is the first time that BP have actually become involved with green fuels, but they are not doing by halves the investment is [...]
More banks should be helped out
There are calls from the former Chairman of the US Federal Reserve, Alan Greenspan to work more with the banks in order to allow them to keep going.
Just leaving the banks to suffer in silence could be disastrous for the world economy. However, at the same time can governments actually afford to bail all of [...]
Tesco to open bank
It had to come sooner or later, the superstore, which wants to provide everything that their customers need is now going into the banking industry.
The thought of all of those customers going through their stores, but still using outside facilities for other services is just getting too much for the management of Tesco’s.
So instead [...]
Banking crisis could show loses of £800 billion
At lot has been said about the credit crunch, but in reality this may be revised to a credit crisis! As warnings are coming out that banks worldwide are bracing themselves for a series of massive loses.
The problem is that some people would be inclined to say that it’s their own faults and get on [...]
Getting out of debt
It is essential these days to have some sort of money management system in place these days as it is all too easy to get into a massive amount debt and before long the debts have got so out of control and the situation can only get worse from this point.
But the secret is a [...]
Students dropping out due to debt
It has been found from a survey by the National Union of Students that there are many students who are just dropping out from college or university, not because of the work involved, but simply because they just cannot face the debts that they are accumulating.
In this case the NUS surveyed students in Scotland, where [...]
Using a recession to an advantage
The very word recession strikes fear into the heart of many people, and there is good reason to be scared of it, there could be lay offs from works, firms go broke and money is in short supply, making the day to day living that we have got used, feel a lot harder than before.
But [...]
Banks looking to borrow £23 billion
The UK banks are looking to borrow anything up to £23 billion from the Bank of England in emergency loans, which just show the extent of the financial pressures being forced upon them by the crisis in the states.
The trouble that the banks are having at the moment is that it costs too much to [...]