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Oil industry 'close to collapse'
Robin Allan said it is 'almost impossible to make money' with the oil price below 60 US dollars (£38) a barrel

Oil industry 'close to collapse'

The UK's oil industry is "close to collapse" but the falling oil price could have a net benefit to the UK economy, according to experts.

World news

Obama brings Cuba in from the cold

Obama brings Cuba in from the cold

After half a century of Cold War acrimony, the United States and Cuba moved on to restore diplomatic relations in a historic shift that could revitalise the flow of money and people across the narrow waters that separate the two nations.

Sport news

Balotelli accepts FA punishment

Balotelli accepts FA punishment

Liverpool striker Mario Balotelli will not appeal against his one-match ban imposed for posting racist and anti-semitic comments on social media.

Technology news

Mobile networks agree coverage deal

Mobile networks agree coverage deal

The Government has reached a deal with the four mobile networks to improve coverage across the UK, the Department for Culture, Media and Sport said.

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Showbiz news

Claudia to host charity Danceathon

Claudia to host charity Danceathon

Strictly Come Dancing's Claudia Winkleman is to whip up a dancefloor frenzy with a six-hour stint of frantic footwork for Comic Relief.

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