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BBC | News | Business

url: http://news.bbc.co.uk/2/hi/business/default.stm

Bailout talks to resume in Greece

Party leaders in Greece's governing coalition are to resume crisis talks on backing a 130bn-euro rescue plan needed to avoid a debt default.

China in EU carbon scheme 'ban'

China tells its airlines not to pay charges to the EU's Emissions Trading Scheme, aimed at cutting carbon emissions.

Olympus calls shareholder meeting

Olympus shareholders will get the chance to question management about the accounting scandal as the firm calls an emergency meeting.

Obama urges 'keep recovery going'

Barack Obama challenges Congress to keep the recovery going as new data shows unemployment down to its lowest rate in three years.

New Virgin staff pay for checks

Virgin Atlantic is forcing successful job applicants to pay for their own criminal record checks, Radio 4's Money Box reveals.

US job numbers show strong growth

The US economy created 243,000 jobs in January, while the unemployment rate fell to 8.3%, official figures show.

Europe hit by Russia gas shortage

Freezing weather sweeping across Europe is causing a shortage of vital Russian gas supplies to several countries, officials say.

'Most' Portuguese unions back cuts

Most Portuguese unions back the government's structural reforms, the Portuguese economy minister, Alvaro Santos Pereira tells the BBC.

Hungarian airline Malev collapses

Hungarian airline Malev ceases trading after 66 years after being ordered by the EU to repay state aid it has received.

Apple overturns Motorola's ban

Apple is granted a suspension of a sales ban imposed on some of its iPads and iPhones in Germany.

Oil spurs Canadian PM China visit

Canadian Prime Minister Stephen Harper will visit China next week to discuss the future of Canada's oil products.

Eurozone service sector growing

The eurozone's service sector grows for the first time in four months, although Spain and Italy continue to struggle.

Motorola makes Apple pull devices

Motorola forces some 3G iPhones and iPads to be pulled from Apple's German online store after enforcing a patent injunction.

Panasonic predicts a record loss

Japanese electronics giant Panasonic forecasts a record net annual loss of $10bn for the year to March.

Megaupload bail appeal rejected

Kim Dotcom's bail appeal is rejected by a New Zealand Court, as US campaigners hint at legal action to prevent files being deleted.

Cold front ad for Mini backfires

An advertising agency for BMW pays to name Europe's cold weather "Cooper" in Germany, after the firm's Mini Cooper car, but the stunt backfires.

China box office tipped to surge

China's box office takings surged 29% to $2.1bn in 2011 and are forecast to rise by around 20% this year, new figures show.

Japan carmakers see US sales jump

Japanese carmakers report a jump in their US sales in January boosted by new models and the restoration of supply chains.

American Airlines cuts 13,000 jobs

The loss-making parent company of American Airlines says it will shed 13,000 jobs - around 15% of its workforce.

US home prices continue to drop

Single-family home prices in the US dropped by 0.7% in November, amid weaker consumer confidence.

Greek leaders pause bailout talks

Party leaders in Greece's ruling coalition end talks on details for a crucial 130bn-euro EU rescue plan without agreement.

Hutchison to buy Orange Austria

Hong Kong's Hutchison 3G agrees to buy Orange Austria in a bid to expand it presence and boost market share in the country.

AstraZeneca announces job losses

Drugs firm AstraZeneca announces a further 7,300 job cuts over the next two years as part of a new restructuring programme.

Uganda signs oil production deal

Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French firms.

IMF warns of Iran oil shock risk

The International Monetary Fund warns of a possible 20-30% spike in oil prices if Iranian exports are disrupted.

South Sudan in oil pipeline deal

South Sudan agrees a deal with Kenya to build an pipeline to Lamu, potentially reducing its dependence on its northern neighbour Sudan to export its oil.

China miner gets gold price boost

Chinese mining group Zijin says it expects a 20% jump in profits for 2011 boosted by higher gold prices during the year.

Air India asked to pay fuel bill

Air India assures it will pay its dues for jet fuel to three state-owned oil firms by Friday after its fuel supplies are cut.

Sony reports further heavy losses

Japanese electronics giant Sony reports another quarterly loss after sales were hit by lower production following the floods in Thailand.

England players go unsold at IPL

Seven England players and Ireland batsman Kevin O'Brien fail to attract bids at the Indian Premier League auction.

Score draw in TV football case

The Premier League and the importers of foreign satellite TV decoder boxes and cards are both claiming victory after their latest court battle

Olympics 'boosting' Scots tourism

Tourist bookings for visits to Scotland around the time of the London Olympics are rising, it is claimed.

Viewpoint: The connected workforce

Google's Sebastien Marotte on the internet giant's predictions that the cloud, mobile and social media are going to radically alter the way we work

India's richest shrine goes green

India?s Tirupati Temple has adopted a range of green technologies - and the shrine is now trading carbon credits.

Threat landscape is 'constantly evolving'

Threat landscape is constantly evolving, says McAfee chief technology office.

What drives US entrepreneurship?

What is the secret behind the high number of successful business start-ups in the US? We talk to three American business people.

Financial risks: Danger or opportunity?

During a financial crisis the instinctive reaction is to take cover but, according to some people, that is the perfect time to take risks.

How to build an empire out of a bikini

Jacqueline De Biase, 49, describes how an idea to start making her own bikinis at home 30 years ago blossomed into one of Brazil's leading bikini brands.

Annuity sales 'unfair and opaque'

The way annuities are sold is costing half a million retirees each year as much as £1bn in future pension income, the National Association of Pension Funds says.

1.1 million face £100 tax fines

Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs says.

Personal insolvencies 'down 11%'

Fewer people were declared insolvent in 2011 in England and Wales than in 2010, but the number of companies going bust increased.

VIDEO: Trade hurdles for EU-India talks

Officials from the European Union and India will meet later this week for a summit as they try to make progress towards a free trade deal.

VIDEO: Saudi awards for private businesses

Saudi Arabia is awarding bursaries to young Saudis to help them start their own businesses.

VIDEO: Tourists staying away from Egypt

Twelve months on from the revolution in Egypt, the country's tourism industry is continuing to struggle.

VIDEO: Hormuz closure threat to shipping

The Middle East's experts on maritime security are meeting in Abu Dhabi this week and talk of Iran's threats of closing the Strait of Hormuz will feature prominently.

VIDEO: Manufacturing jobs aid US economy

The manufacturing sector in United States has been contributing to the improving labour market in the world's largest economy.

VIDEO: Will cricket make money in UAE?

Tope level international cricket is being played in the UAE - but will it make money?

VIDEO: Small eurozone service sector growth

The BBC's Jamie Robertson on growth in the eurozone - and Spanish plans to raise more capital.

AUDIO: UK share of exports to India 'below Italy'

Just how good is the state of UK-India trade?

Tales of woe from the roaming professionals

When working in a new country can prove unlucky

People problems plague Gulf start-ups

Staffing issues plague Gulf start-ups

Credit unions hoping to widen net

Credit unions hope a new law will boost membership numbers

VIDEO: Do the super-rich pay their way?

Do the super-rich pay their way?

Test cricket on sticky wicket in Middle East

Why is the England-Pakistan Test match not bowling fans over?

Rolls-Royce opens Singapore plant

Rolls-Royce starts up engine production in Singapore

The internet's secret black market

Out of reach of regular internet searches is a secret online world

Giving an invasive water pest the bullet

Wrestling one of the UK's most invasive pests