S&P slams the UK, downgrade imminent

The ratings agency has said that it no longer classifies the United Kingdom among the most stable and low-risk banking systems globally due to its view of the country's weak economic environment, the reputational damage experienced by the banking industry, and the high dependence on state-support programs of a significant proportion of the industry.

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    AIDS drug breakthrough expected

    Scientists have said that they have solved a crucial puzzle about the AIDS virus after 20 years of research and that their findings could lead to better treatments for HIV.

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    E-book prices set to go up

    The world’s dominant e-commerce company, Amazon, has made a tacit admission that e-book prices will be rising across the board.

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