Business
Barack Obama makes tax offer to Mitt Romney
Barack Obama campaign has said if Republican presidential candidate Mitt Romney releases five years of tax returns, they will drop the issue. Mitt Romney, who...
Gu Kailai trial: court will announce the verdict and sentence on Monday
The verdict in the murder trial of Gu Kailai, wife of former politician Bo Xilai, will be delivered on Monday, Chinese officials say. Gu Kailai...
Pussy Riot jailed for two years for hooliganism
The three members of Russian punk band Pussy Riot accused of hooliganism have been jailed for two years after staging an anti-Vladimir Putin protest...
Paul Ryan admits he did ask for Obama stimulus cash
Republican VP candidate Paul Ryan acknowledged lobbying the government for millions of dollars in economic stimulus money after twice denying he had done so. Wisconsin...
Facebook shares plunge to a new low as lockup expired for initial investors
Facebook's stock plunged to an all-time low today as the market braced for the company's insiders to dump their stock after the expiration of...
US launches immigration reform
Undocumented immigrants are applying for the temporary right to live and work openly in the US, as a sweeping immigration policy reform takes effect. Up...
Australia court backs anti-tobacco move
The highest court of Australia has upheld a new government law on mandatory packaging for cigarettes that removes brand colors and logos from packaging. The...
Australian lower house backs offshore processing camps
Australian lower house has approved laws allowing offshore processing camps for asylum seekers to be re-established in Papua New Guinea and Nauru. The MPs passed...
Standard Chartered to pay $340 million for Iran deals
British bank Standard Chartered has agreed a $340 million settlement with New York regulators that accused it of hiding $250 billion of transactions with...
Eurozone economy shrinks by 0.2% from April to June
The economy of the eurozone shrank 0.2% in the three months from April to June compared with the previous quarter. The figures from Eurostat covering...
Groupon shares drop sharply despite profit
Groupon has swung into profit but weaker-than-expected revenue figures sent shares in the voucher firm sharply lower in after-hours trading. Net income for the three...
Chang Song-Taek, Kim Jong-Un’s uncle, in China visit
Chang Song-Taek, uncle of North Korean leader Kim Jong-Un, is visiting Beijing, amid signs the impoverished state wants to tackle its economic problems. Chang Song-Taek,...
German economy grew by 0.3% in the second quarter of 2012
German economy grew by 0.3% in the second quarter of 2012, helped by exports and domestic consumption. Earlier, France announced its economy had recorded zero...
Motorola Mobility cuts 4,000 staff worldwide to return to profitability
Motorola Mobility is to cut 4,000 staff worldwide as part of efforts to return to profitability. The job losses are the equivalent of 20% of...
Steel giants BlueScope and Nippon Steel in $1.4 billion venture
BlueScope and Nippon Steel, Australia and Japan's biggest steelmakers, have announced a $1.4 billion joint venture in a bid to capture greater market share. Australian...
Olympics 2012: IOC asks South Korea to bar footballer Park Jong-woo from medal ceremony
The International Olympic Committee (IOC) has asked South Korea to bar footballer Park Jong-woo from the bronze medal ceremony after he held up a...
Mitt Romney to announce Paul Ryan as running mate in Virginia
Mitt Romney, the US Republican presidential candidate, is to reveal his choice for running mate in the November election on Saturday, his campaign says. The...
Food prices sharply rebounded in July due to extreme weather conditions
The UN food and agricultural body announces that global food prices sharply rebounded in July due to wild swings in weather conditions. The rise has...
Walt Disney Company reports higher profits driven by The Avengers
The Walt Disney Company has reported higher profits in the second quarter of this year, driven by the success of films such as The...
Pfizer pays $60 million to US government over bribe charges
Pharmaceutical company Pfizer has paid the US government $60 million to settle charges alleging it paid millions of dollars in bribes to build its...
Standard Chartered bank in $250 billion scheme with Iran for nearly a decade
Standard Chartered bank illegally "schemed" with Iran to launder as much as $250 billion for nearly a decade, a US regulator says. The New York...
Knight Capital close to a $400 million rescue deal
Knight Capital is reported to be close to reaching a $400 million rescue deal with a group of investors, which would allow it to...
Barack Obama’s birthday kicks off with tongue-in-cheek cake from Republicans
President Barack Obama celebrated his 51st birthday today with a round of golf and plans for a weekend away at Camp David, taking a...
US Olympic medal winners taxed on their prize money
US medal-winning athletes at the Olympics will have to pay tax on their prize money - something which is proving controversial in the US. But...
Clint Eastwood endorses Mitt Romney’s presidential campaign
Clint Eastwood has endorsed Republican Mitt Romney in the race for the White House. Oscar-winning actor and director Clint Eastwood attended a Mitt Romney fundraiser...
Prev