Ben Pruchnie / Getty LONDON — Former Chancellor George Osborne had a secret plan to get rid of 1p and 2p coins, but was stopped by then-Prime Minister David Cameron who worried the move would harm the image of the Conservative party, according to The Guardian. Osborne reportedly came within weeks of scrapping coppers shortly after winning […]

Debt is a function and a fixture of any working economy. Governments borrow to fund spending on things like roads, hospitals, and schools, as well as to fund promises like tax cuts. Debt-to-GDP ratios around the world have increased in recent years as governments take advantage of historically low interest rates to pile up cheap […]

Barclays Ashok Vaswani, Barclays UK CEO. COPENHAGEN, Denmark — The CEO of Barclays UK says the bank is working “very, very closely with the government” to guard against cyber attacks, amid a recent ratcheting up of suspected state-sponsored attacks. Ashok Vaswani told Business Insider at the Money2020 Europe conference in Copenhagen this week: “For us, […]

Sometimes the next big thing isn’t easy to spot—even when its the iPhone, which celebrated its 10th anniversary today. Steve Ballmer, founder of Microsoft, infamously said that Apple’s new invention was a waste of money. “Five hundred dollars? Fully subsidized? With a plan? I said that is the most expensive phone in the world,” Ballmer reportedly […]

[unable to retrieve full-text content]   A fire broke out in Terminal 4 of John F. Kennedy International Airport in New York on Thursday, according to the Port Authority of New York.  The fire, which happened at Panda Express restaurant, has been extinguished and no injuries have been reported, the Port Authority told Business Insider in an […]