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British, Scottish cabinets clash on vital oil industry

The British and Scottish governments held rival cabinet meetings in Scotland's oil capital on Monday to stake their claims for the industry's future -- a key battleground in the independence debate ahead of a referendum in September. British Prime Minister David Cameron took his ministers from London to Aberdeen on Scotland's northeast coast, to announce investment plans for the North Sea oil and gas sector.

Vote rigging? UK PM visits North Sea oil platform

Prime Minister David Cameron visited a North Sea oil and gas rig Monday ahead of rival British and Scottish cabinet meetings on the future of the industry ahead of an independence referendum. The British premier flew by helicopter to the BP ETAP platform 217km (136 miles) off the Scottish east coast, in fossil fuel fields that are a major battleground in the campaign ahead of September's vote.

Construction delays in Petawawa force DND to scramble for Chinook shelter

OTTAWA - National Defence was left scrambling last summer to find shelter for its long-awaited CH-147F Chinook helicopters after construction of a new hangar and flight line at the garrison in Petawawa, Ont., slipped far behind schedule. Internal documents showed mounting concern last year as delays collided with the arrival schedule of the battlefield transports, which had been on order since 2006.

Construction delays in Petawawa force DND to scramble for Chinook shelter

OTTAWA - National Defence was left scrambling last summer to find shelter for its long-awaited CH-147F Chinook helicopters after construction of a new hangar and flight line at the garrison in Petawawa, Ont., slipped far behind schedule. Internal documents showed mounting concern last year as delays collided with the arrival schedule of the battlefield transports, which had been on order since 2006.

UK'S Ofcom investigating TNT Post complaint against Royal Mail

(Reuters) - Britain's Office of Communications (Ofcom) is investigating a complaint by the country's second-largest postal firm, TNT Post UK, against price increases planned by Royal Mail Plc for its wholesale mail contracts. Royal Mail said in January that it would increase tariffs on the contracts, used by 31 of its biggest wholesale customers, because of a decline in letter volumes. (http://link.reuters.com/zuw96v)

RBS to shed up to 30,000 jobs, shrink investment bank -sources

By Matt Scuffham LONDON (Reuters) - Royal Bank of Scotland <RBS.L> is to shrink its investment banking and international operations in a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said. The part-nationalized bank has given in to demands from politicians that it focuses on lending to British households and businesses and maintains only a downsized investment banking business to service corporate clients, one source said.

RBS shares gain on reports bank could axe 30,000 jobs

Shares in Royal Bank of Scotland gained on Friday as reports said the state-rescued bank will next week announce about 30,000 job cuts in a major cost-cutting exercise. RBS stock climbed 1.15 percent to 359.8 pence on London's benchmark FTSE 100 index, which was up 0.43 percent in early deals. Newspapers said the announcement of a jobs cull, which could total at least 30,000 according to the Financial Times following a shake-up of the lender's investment banking and international divisions, would be made alongside its annual earnings statement due on Thursday.

RBS bank shares gain on jobs cull reports

Shares in Royal Bank of Scotland gained on Friday as reports said that the state-rescued lender will announce next week that it is cutting its headcount by tens of thousands. RBS stock climbed 1.15 percent to 359.8 pence on London's benchmark FTSE 100 index, which was up 0.43 percent in early deals. Newspapers said the announcement of a jobs cull, which could total at least 30,000 according to the Financial Times following a shake-up of the lender's investment banking and international divisions, would be made alongside its annual earnings statement due next Thursday.

Germany cuts order for Eurofighter jets

Germany's defence ministry is planning to reduce its order for Eurofighter jets from 180 to 143, according to media reports on Thursday. National news agency DPA quoted "government sources" as saying that the ministry's number two, Stephane Beemelmans, had informed parliament's defence committee about the decision late Wednesday. The reduction had already been decided in late 2011 by the then defence minister Thomas de Maziere, the report said.

Germany cuts order for Eurofighter jets

Germany's defence ministry is planning to reduce its order for Eurofighter jets from 180 to 143, according to media reports on Thursday. National news agency DPA quoted "government sources" as saying that the ministry's number two, Stephane Beemelmans, had informed parliament's defence committee about the decision late Wednesday. The reduction had already been decided in late 2011 by the then defence minister Thomas de Maziere, the report said.
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