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Tanker and cargo ship collide between France and UK

A tanker carrying 38,000 tons of petroleum products and a 220-meter (720-foot) cargo ship collided Saturday in the waters between France and Britain, French authorities said. No one was injured in the crash between the boats and "no pollution has been detected at this stage", the authorities...

U.K. consumers suffer long spending-power decline

British consumers have suffered the longest decline in their spending power since the 1970s, raising questions about whether the Bank of England really is likely to raise interest rates any time soon. Official data published Friday confirmed that the world’s fifth-biggest economy went into a...