Business Archives

March 19, 2010

Rio Tinto announces Guinea deal

(BBC) Rio Tinto says it has signed a deal with China to develop a massive iron ore project in Guinea.
February 23, 2010

EU plans extended maternity leave

(BBC) Draft legislation is passed by a committee of the European Parliament to extend maternity leave to 20 weeks on full pay.
January 27, 2010

Rich-poor gap 'wider than 1970s'

(BBC) The gap between rich and poor is wider now than 40 years ago, a government-commissioned panel has reported.
January 17, 2010

Shell signs Iraq oil field deal

(BBC) Oil giant Shell and Malaysia's state-run Petronas finalise a contract to develop Iraq's large Majnoon oil field.
January 12, 2010

Google 'may close in China'

Internet giant Google says it may end operations in China after hackers targeted Chinese human rights activists' e-mail accounts.
January 10, 2010

China 'becomes largest exporter'

Chinese exports rose 17.7% in December, suggesting it has overtaken Germany as the world's largest exporter, say reports.
January 5, 2010

Iceland leader vetoes bank bill

Iceland's president refuses to authorise the repayment of money lost in the country's banking crisis, demanding a referendum.
December 30, 2009

Iceland approves new Icesave deal

(BBC) Iceland's parliament narrowly backs a deal to repay British and Dutch governments over the collapse of the Icesave bank.
December 28, 2009

Google is sued by Chinese author

(BBC) A Chinese writer, Mian Mian, is taking Google to court in Beijing overs its plan to create a digital library of books.
December 22, 2009

Green signal?

(BBC) Copenhagen gave few incentives for clean economy
December 15, 2009

Europe strikes 'banana wars' deal

(BBC) Europe has agreed a deal to cut tariffs on banana imports, signalling the end of the world's longest-running trade dispute.
December 11, 2009

Shell wins Iraq oil field rights

A consortium led by Shell wins the rights to develop Iraq's giant Majnoon oil field, while another contract is given to a Chinese firm.
December 8, 2009

Dubai shares continue to tumble

(BBC) Dubai's stock market slides for the second consecutive day on continuing fears about leading companies' ability to repay debts.
November 27, 2009

US shares slide over Dubai fears

Worries about Dubai's debt problems spill over into a second day of trading, leading to more uncertainty on the markets.
November 22, 2009

Deutsche Bahn in Qatar rail deal

German rail operator Deutsche Bahn signs a 17bn euro contract to build rail and underground lines in Qatar and Bahrain.
October 18, 2009

Iceland reaches savers' agreement

(BBC) Iceland says it has reached a new agreement over the repaying of $5bn (£3bn) lost by Dutch and UK savers.
October 17, 2009

Iraq cabinet ratifies oil deals

(BBC) Iraq's cabinet ratifies a deal with a British and a Chinese energy company to develop the giant southern oilfield in Rumaila.
September 25, 2009

Obama hails 'tough regulations'

World leaders at the G20 summit have agreed tough financial rules to avert another global crisis, US President Barack Obama says.
September 8, 2009

Migrants hit by global downturn

(BBC) The global recession has had a marked effect on international migration, according to a report for the BBC.
August 19, 2009

Michelle Obama in power list debut

(BBC) Michelle Obama makes her debut in a list of the world's most powerful women - which is again topped by Angela Merkel
August 14, 2009

Nigeria sacks heads of five banks

(BBC) The Nigerian central bank has injected 400bn naira ($2.6bn; £1.6bn) into five banks and sacked their managers.
July 31, 2009

Wall Street bonuses criticised

(BBC) Wall Street banks bailed out by the government gave executives bonuses regardless of performance, a report says.
July 28, 2009

Gender pay gap 'not being closed'

(BBC) Failure to tackle stereotypes in schools is contributing to women's pay not catching up with men's, a report says.
July 27, 2009

US rules on abusive short selling

(BBC) US regulators make permanent a set of curbs on "naked short-selling" - regarded as abusive speculation against shares.
July 24, 2009

IMF grants Sri Lanka $2.6bn loan

(BBC) The International Monetary Fund approves a $2.6bn (£1.6bn) loan to help Sri Lanka weather the global economic crisis.
July 20, 2009

Switched on

(BBC) A small town in Uruguay is going green
July 12, 2009

Thousands 'facing fuel poverty'

(BBC) Higher energy prices and rising unemployment may push hundreds of thousands into fuel poverty, an advisory group says.
June 22, 2009

Asian markets continue big falls

(BBC) Asian shares fall in Tuesday trading, echoing declines in the US and Europe after a downbeat global economy report.
June 14, 2009

UK's economy is 'best in Europe'

(BBC) Nobel Prize-winning economist Paul Krugman says the UK economy is the best in Europe at the moment.
June 9, 2009

Reversing the flow - micro-loans bank trains its sights on US

(BBC) Kiva, an internet bank enabling small loans to be made to entrepreneurs in developing countries, will now also allow loans to people in the United States.
May 11, 2009

Faith banking

(BBC) Could Islamic ways of doing business be the answer?
May 3, 2009

Asia 'must cut export dependency'

(BBC) Asian governments must cut reliance on export-driven growth and spend more to cut poverty, development bank officials say.
April 26, 2009

World Bank demands poverty action

World Bank head Robert Zoellick warns of a "human catastrophe" unless more is done to tackle the global economic crisis.
April 19, 2009

Slum drive

(BBC) Brazil tackles favelas to boost economic growth
April 12, 2009

China seeing 'gradual recovery'

(BBC) Chinese Premier Wen Jiabao says that his country's economy is showing some signs of recovery from the global financial crisis.
April 2, 2009

RBS directors face public anger

(BBC) Directors of the Royal Bank of Scotland are to be rebuked by shareholders at the bank's annual general meeting.

G20 leaders seal $1tn global deal

(BBC) Leaders of the world's largest economies reach an agreement on how to tackle the global financial crisis.
April 1, 2009

Eurozone unemployment rises again

(BBC) Unemployment across the nations that share the euro rises again to its highest level in almost three years, official figures show.

Food or medicine

(BBC) Crisis forces some Russians into a desperate choice
March 31, 2009

Merkel offers state aid for Opel

(BBC) German Chancellor Angela Merkel gives assurances that any investor in GM subsidiary Opel will have state support.

France threatens G20 walkout

(BBC) France will walk away from the G20 summit if its demands for stricter financial rules are not met, the finance minister says.
March 29, 2009

GM chairman forced out by Obama

The chief executive and chairman of troubled US carmaker General Motors will step down at once, at the request of Barack Obama.
March 26, 2009

Record decline hits Irish economy

(BBC) The Irish Republic's economy shrank by a record annual rate of 7.5% at the end of 2008, driven by a construction slump.
March 24, 2009

IMF announces new lending reforms

(BBC) The International Monetary Fund announces major reforms of its lending procedures to member states.

China suggests switch from dollar

(BBC) China's central bank calls for a new global reserve currency run by the International Monetary Fund to replace the US dollar.
March 19, 2009

Probe into AIG bonuses launched

(BBC) Neil Barofsky, who oversees how the US bailout money is being spent, launches an investigation into insurer AIG's bonuses.

World economy 'to shrink in 2009'

(BBC) The global economy will contract for the first time in 60 years in 2009, the International Monetary Fund says.
March 18, 2009

AIG chief asks for bonuses back

The boss of US insurer AIG calls the bonuses paid to executives "distasteful" and asks for some to be repaid.
March 17, 2009

US to force AIG to repay bonuses

Insurer AIG must pay back $165m of staff bonuses awarded after accepting public bail-out funds, the US treasury secretary says.
March 12, 2009

Madoff admits $50bn fraud scheme

Financier Bernard Madoff is jailed after pleading guilty to all 11 charges in a $50bn (£35bn) fraud and apologising to investors.

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