Rupert Murdoch’s News Corporation has seen a bid to take full control of satellite broadcaster BSkyB rebuffed. News Corporation said it was currently offering 700 pence a share, which values BSkyB at around £12bn. BSkyB said this offer was too low, but the two sides would now continue to talk to work towards a deal. [...]
President Obama’s comments about the BP oil spill were not “anti-British”, the American ambassador to London has said. Obama administration officials have used the old name “British Petroleum” when making criticisms of the firm – sparking controversy in the UK. US ambassador Louis Susman said Mr Obama had used “British Petroleum” perhaps once, but was [...]
MANILA: Southeast Asia’s energy-hungry economies are exploring the nuclear option to keep up with escalating power demand in a region of more than half a billion people. Vietnam plans to make its first nuclear plant operational in 10 years, while Singapore, Malaysia, Indonesia and Thailand are all exploring the feasibility of tapping atomic energy. “Everybody [...]
European stock markets have opened lower, amid renewed fears of a double-dip recession. The FTSE 100 declined by 1.6% in its opening minutes, while Asian markets also tumbled, with Japan’s Nikkei 225 closing down 3.8%. Meanwhile, the euro dropped to its lowest level against the dollar in four years. Fears were largely driven by disappointing [...]
By Jorn Madslien Business reporter, BBC News, Oxford An unhappy David Beesley is handing back his electric car Ever more mainstream carmakers are planning to make electric cars for sale to ordinary drivers, though none of them have done so yet. But there are trial cars out there, and Oxford-based businessman David Beesley has been [...]
Apple boss Steve Jobs has defended conditions at a Taiwanese electronics firm that produces the firm’s popular iPhone, following a spate of suicides. “Foxconn is not a sweatshop,” he told a conference in the US. Mr Jobs said that Apple representatives were working with Foxconn to find out why 10 workers had killed themselves at [...]
China would invest over US dollar one billion in Information Technology sector in Pakistan as sequel to the Memorandum of Understandings signed by President Asif Ali Zardari in his visit to China during the last year. In line to discuss the modalities and procedures for investment, Ambassador of China in Islamabad Lou Zhaohui met with [...]
In China a factory worker has died after falling from a high building, the latest in a string of such deaths at the same plant. The man, who was 19, was employed by Foxconn, a Taiwanese firm (also known as Honhai) which makes computers, games consoles and mobile phones for companies like Apple, Hewlett Packard [...]
Gold edged higher on Monday after falling for five straight sessions, with investors attracted by the precious metal in the face of remaining uncertainty over the global economy. Last week spot gold fell 4.6 percent in its biggest weekly percentage loss in almost 15 months. But a loss of more than $50 during the period [...]
The euro has fallen to a new four-year low against the dollar, fetching 1.2144 dollars in New York trading, as the European debt crisis led to new financial restrictions by Germany spooking markets. Bearish sentiment on the euro prevailed even after eurozone finance ministers vowed to fix the region’s finances while expressing concern at their [...]
