Singapore dials down on air‑con as oil crunch grips Asia

Angus CochraneBBC Scotland News Petrofac Petrofac has offices in Aberdeen, London, Woking and Greater Yarmouth Energy services firm Petrofac has filed for administration. The company, which employs about 2,000 people in Scotland, said its North Sea business would continue to operate as normal. In a statement, Petrofac said it had applied to appoint administrators for…

UK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…