General Electric is to sell its UK store card business, which counts Arcadia and Debenhams among its customers, to Santander, the Spanish banking giant and owner of Abbey.

Added: 2008-03-28

Santander to buy GE Capital Bank

Category: varial news

Federal Reserve cuts interest rates to 2pc

The Federal Reserve has cut interest rates further as the central bank chief Ben Bernanke attempts to head off a serious recession in the American economy.

Samsung chief Lee Kun-hee indicted on tax evasion charge

An extensive and embarrassing investigation of the most iconic industrialist in South Korea has ended with an indictment on tax evasion charges for Lee Kun-hee, the chairman of Samsung.

Robert Mugabe 'unlikely to flee Zimbabwe'

Robert Mugabe is unlikely to flee from Zimbabwe for fear of being prosecuted for war crimes, the head of the African programme at Chatham House, the foreign affairs think tank, said yesterday.