World Business
Japan’s economy shows recovery signs
Japan’s economy, the third largest in the world, expanded at its quickest pace in a year, showing signs of an economic recovery. Rupert Wingfield-Hayes on Japan’s latest growth data Gross domestic product grew 0.9% in the three months to March compared to the previous quarter, indicating an annualised rate of 3.5%. Japan grew at a rate of More...
BP to ask David Cameron for help as rising Gulf oil spill costs raise takeover fears
BP wants Prime Minister David Cameron to intervene over the escalating cost of compensating US companies for the Gulf of Mexico oil disaster in 2010. BP has already agreed huge payouts in the wake of the spill BBC More...
Air India pilot locked out of cockpit after toilet break
An Air India flight was forced to land after the pilot was locked out of the cockpit during a toilet break, the airline says. This is the second cockpit-related incident for Air India this month He was unable to More...
EADS profits up on Airbus deliveries
The parent company of Airbus, EADS, has reported a sharp rise in profits for the first three months of the year. Airbus sales have helped profits at EADS take off Operating profits at the company rose by 56% to More...
Nokia angles to regain lost ground with new smartphone
Nokia has partnered with Facebook and cellphone carriers to allow users on the Asha 501 phone access Facebook for free Finish phone maker Nokia is turning to local application developers in a bid to stimulate More...
Sony Reports First Annual Profit Since 2008
Sony has reported an annual profit for the first time in five years, boosted by a weakening yen and asset sales. Falling sales and narrowing margins have hurt Sony’s television business over the past few years The More...
Nicola Mendelsohn gets top Facebook job – and insists on working a four-day week so she can see her family
Facebook has named British advertising chief Nicola Mendelsohn as head of its European operations, signalling its ambition to forge closer ties with the ad companies it relies on to keep it in business. Nicola Mendelsohn More...
France to enter recession, EU says
The eurozone economy will shrink more than expected this year with France sliding into recession, according to a gloomy European Commission report. The ECB’s key interest rate is already at the historic low More...
ECB expected to cut rates to new low
The European Central Bank (ECB) is widely expected to cut interest rates later, as it seeks to boost growth amid ongoing fears for the eurozone economy. The ECB’s key interest rate is already at the historic More...
Apple taps markets for record $17bn funding
Apple has raised $17bn (£10.9bn) via a bond sale, the biggest ever by a non-banking company, to help fund its plan for extra payouts to shareholders. People line up to enter a newly-opened Apple Store in Wangfujing More...
