Financial institutions owed money by Dubai World, the ailing holding company of the Dubai Government, were handed a lifeline by The United Arab Emirates' central bank. The Abu-Dhabi-based bank is offering a special liquidity scheme to banks that are owed debts by Dubai World in a bid to increase market confidence.
Source: The Guardian
Fears of a double-dip recession have grown after the services sector suffered a surprise drop in sales. The fall came as a result of the first fallin consumer confidence in a year according to CBI reports.
Source: The Times
A consumer online spending spree is being predicted for today. The first or second Monday in December is usually the busiest for internet retailers, with today being dubbed "Cyber Monday" by retail experts at Which? Shoppers who browsed the shops over the weekend are expected to go online to buy their items today.
Source: The Daily Mirror
The Tories are planning break up the "big six" energy companies in a move that will anger the energy industry. The plans mark a planned attempt to increase competition and reduce consumer bills, with Greg Clark, the shadow secretary for energy and climate change, planning to force the suppliers to divest and allow new entrants into the market.
Source: The Guardian
A bidding war for Cadbury is one step closer after Hershey lined up a financing for a counterbid. Cadbury's chief executive Tom Stitzer, has also mad clear that he would prefer to sell to Hershey's rather than Kraft.
Source: The Times
And in the real world... Cadbury, Dubai, Online spending and more
LONDON - Today's round-up of the biggest business stories.
