The company believes that there may be up to 170 trillion cubic feet of gas in the areas it is licensed to explore in northern England alone.

IGas is one of the companies granted a licence by UK authorities to explore parts of the country believed to contain large resources of shale gas. The company's licences cover an area of 300 square miles across Cheshire.

The deal, which Tui claims will see them acquiring the new planes at a discount to the list price of $6.1 billion, includes an option to purchase a further 90 aircraft of the same model at a later date.

Tui, which is the world's largest tour operator with a presence in 180 countries, currently operates 141 aircraft across six European airlines, Thomson Airways, Tuifly, Tuifly Nordic, Arkefly, Jetairfly and Corsair.

Pre-tax annual profits for the vehicle-maker behind such iconic models as the E-Type rose 11 percent to £1.67 billion and helped temper a 36 percent fall in profits at the company's parent group, Tata Motors.

The results showed that total world sales at the company increased by 22 percent over the course of the year to almost 375,000 vehicles.

Total world sales at Jaguar Land Rover were up 22% to almost 375,000 vehicles in the financial year that it introduced an all-new version of the Range Rover, the Jaguar XF and XJ and the XF Sportbrake.

The package of sensors, alarms and software, dubbed Driver Safety Solution (DDS), aims to prevent accidents caused by fatigue by detecting when a truck driver is about to fall asleep. The technology has already been put to the test in trails by BHP Billiton and Newmont Mining.

Developed by Australian firm, Seeing Machines, DDS will cost up to $20,000 to install on each vehicle, although a discount applies if it is bought in bulk.

In the United States, Presidents’ Day falls between the birthdays of two of the nation’s most revered leaders—George Washington and Abraham Lincoln. As the country’s schoolchildren are constantly told, both men are remembered for their honesty, but would Washington and Lincoln make it in today’s business world?

Bilateral trade between the two countries is worth $26 billion through imports and exports of watches, medicines, textiles and dairy products.

The deal marks China’s first free-trade deal with a continental European economy and is one that it hopes will be felt beyond Switzerland's borders.

Hailing the move as a historic step towards regional integration, the countries revealed the deal would eliminate up to 90 percent of merchandise tariffs between them with months, with the remaining ten percent disappearing by the end of the decade.

The countries also agreed to abolish the need for tourist and business visas, allowing their citizens, which have a combined population of 210 million people, to travel more easily between the four countries.