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Scotland Yard has re-opened a case regarding the investigation of phone hacking. Metropolitan Senior Police officers have been appointed for this investigation. This case has been continuing for 2 years and also expected to cost more than millions of pounds of the taxpayers' money. A report shows that, News International has been silently passing the files evidence to the police.

This evidence includes the emails which reveal the details of communication sandwiched between the former news editor of News of the World, Ian Edmondson and a private detective. They were convicted for phone hacking.

The latest figure shows that £765 for goods and services every year are ripping out because of the scams and frauds. The National Fraud Authority (NFA) has declared that, cheats slice a yearly £38 billion puncture in Britain's money tube. The watchdog's second yearly fraud pointer concluded that the lawbreakers have cheated the public sector out of £21 billion, not less than half of entire losses.

Yesterday, it was announced that victims of the Equitable Life scandal will get compensation for their loss. But it will be less than that of 25 per cent of their loss.

50% of the total people were snagged in one of Britain's biggest financial fiasco. These people will receive a payout of below £250.

Moreover, they will not get the payment immediately; they have to wait for at least six months. This is due to the fact that the first payments will be released to the earlier victims.

A report of 4 pages by Thomas Costerg and Sarah Hewin gave UK stagflation permission to create a risk of BoE (Bank of England). The reports have claimed that, the rates should not go up during the year 2011. The claims done in the reports have become a topic of discussion.

The reports discussed about how pensioners, homeowners and savers must prepare themselves for the future.

As per the BoE's figures, there has been an increase of 3.7% in the rates.

Soon, people in UK will be able pay even their sandwich bill via mobile phone. Network operators have now came up with this unique service in UK. This has been planned to be rolled out soon in the European market.

It has also been claimed to be the first ever mobile payments service in UK. By this summer, the customers may avail the mobile payment service. The mobile operators have partnered with Barclaycard for this purpose.

India's third-largest software company Wipro has recently observed a change in the management structure by quitting dual-CEO model. In last few months, the company has not seen growth as compared to its competitors. Azim Premji has appointed TK Kurein as the undisputed chief executive in replacement of Suresh Vaswani and Girish Paranjpe.