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Carmaker Opel to close German Bochum plant in 2014

<b>German carmaker Opel has announced the planned closure of one of its factories by the end of 2014 after a deal with unions fell through.</b><p>In February, Opel proposed to keep its Bochum plant in western Germany open until 2016 in exchange for a wage freeze and other cost-cutting measures.<p>The plan was …

Automotive Industry

Cheddar mountain to help pensions of mature milkmen

<b>A giant mountain of maturing cheddar cheese is to be used as security for a pension fund.</b><p>Twenty million kilos of Cathedral City cheddar will now back up pension funds of workers at Dairy Crest, one of the UK's biggest cheesemakers.<p>Some 20,000 pallets of the cheese, nearly half the company's total …

Retirement

Christine Lagarde warns UK growth 'not good'

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/971000/971269_h264_1500k.mp4?__gda__=1522535329_6177f06fd291c29cacc75a700cbe301a<p><b>The head of the International Monetary Fund (IMF), Christine Lagarde, has expressed renewed concern over the health of the UK economy.</b><p>The UK's growth …

Economics

Luxembourg to ease the secrecy surrounding its banks

<b>Luxembourg has said it will ease the secrecy surrounding its banks.</b><p>It said it would implement rules on the automatic exchange of bank account information with its European Union partners from 2015.<p>Prime Minister Jean-Claude Juncker said Luxembourg would introduce the reforms in two years, in line …

Europe

North-South divide continues as industrial production falls in Italy and Spain

The eurozone's woes continued on Wednesday after Italian and Spanish industrial production data showed sharp falls, suggesting that the bloc's third and fourth largest economies are still mired in recession.<p>Spanish industrial output fell by 6.5pc on an annual basis in February, following a 4.9pc …