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BBC | News | Business

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

Greece given tough bailout terms

Eurozone ministers set three tough new conditions for a bailout deal for Greece, as Greek unions plan a 48-hour strike in protest against cuts.

China's exports and imports fall

China's exports and imports fall in January raising fresh concerns about the impact of a global economic slowdown on its economy.

Shock loss for India's Tata Steel

Tata Steel, the largest producer in India, unexpectedly reports a loss of 6.03bn rupees ($122m; £77m) hit by weak demand.

US banks in mortgage settlement

Five of the biggest US banks agree to provide $25bn in assistance to homeowners to settle claims over improper foreclosure practices.

LinkedIn profits send shares up

Business-focused social networking website LinkedIn reports higher profits and said it added 14 million new members.

Bank injects £50bn into economy

The Bank of England agrees to extend its quantitative easing programme by £50bn to give a further boost to the UK economy.

Redknapp trial cost £1.3m so far

HM Revenue & Customs tells the BBC that rumours it spent £8m on trials into alleged tax dodging involving Harry Redknapp are "nonsense".

Kodak exits digital camera market

Eastman Kodak, a name synonymous with photography, is to stop making digital and video cameras.

ECB leaves euro rates unchanged

The European Central Bank leaves its benchmark interest rate unchanged at 1.0% saying there are signs of stabilisation

China's inflation rate up to 4.5%

China's rate of inflation accelerated to 4.5% in January after consumers increased their spending around Chinese New Year.

PepsiCo to cut 8,700 global jobs

Soft drinks maker PepsiCo is set to cut 8,700 jobs as part of a plan to save $1.5bn over three years.

UK trade gap smallest since 2003

The UK's trade deficit fell to £1.1bn in December, its lowest monthly level for more than eight years.

Groupon reports unexpected loss

In its first set of results as a public company, Groupon reports an unexpected loss of $42.7m (£27.0m), when a small profit had been expected.

Brazil sells control of airports

The Brazilian government privatises operations at three airports as part of moves to upgrade transport links ahead of the World Cup.

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.

Greek austerity plans 'not ready'

More work needs to be done on Greece's austerity proposals before a 130bn euro bailout can be handed over, say eurozone ministers.

Rolls-Royce makes record profits

Aircraft engine maker Rolls-Royce has reported orders, sales and profits at record levels thanks to airline expansion.

Daimler achieves record results

German car and truck maker Daimler posts record sales and profits in 2011, with the promise of more to come.

Ribadu welcomes Nigeria oil post

Nigeria's ex-corruption chief Nuhu Ribadu says he views his appointment as chair of a new task force to police the oil sector as a national calling.

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.

Toyota increases profits forecast

Carmaker Toyota raises its profits forecast, saying its recovery is on track after the Japanese tsunami, Thai floods and the strong yen.

China drives growth for KFC owner

The owner of restaurant brands KFC, Pizza Hut and Taco Bell reports another set of strong figures, helped by growth in China.

Citi to launch China credit cards

The Chinese unit of Citigroup wins approval to launch credit cards in China, the first non-Asian bank to do so.

Pompey braced for administration

Portsmouth boss Michael Appleton is braced for administration and urges potential buyers to "put their money where their mouth is".

Real still top football rich list

Real Madrid head the list of the richest football clubs in the world for the seventh year in a row, says a Deloitte report.

Offers are received for Pittodrie

Aberdeen FC's move to a new stadium has moved a step closer with the announcement that several offers have been received for Pittodrie.

Road warriors struggle to get connected

Today's business traveller may already have the devices of the future in his pocket - but what use is that if you can't get online?

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.

People problems plague Gulf start-ups

Simon Atkinson explores the advantages and disadvantages faced by new companies setting up in the United Arab Emirates.

Giving an invasive water pest the bullet

The small firms working together to help to tackle one of the UK's most invasive species - the zebra mussel.

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.

Repossessions 'lowest since 2007'

A total of 36,200 UK homes were repossessed in 2011 - the lowest annual total since 2007, mortgage lenders say.

Holiday protection to be expanded

Up to six million UK holidaymakers will get extra protection from 30 April if an operator collapses.

Pensioners miss weather payments

Up to 1.6 million pensioners are failing to claim benefits they are entitled to - including financial help during the cold snap.

AUDIO: News Corporation profits soar

Independent media analyst Theresa Wise told Radio 5 live Wake Up To Money about News Corporation's healthy results.

AUDIO: Do quotas for women on boards work?

Maggie Pagano, former business editor of the Independent newspaper, and Karima Serageldin, director at Ariadne Capital, discuss whether board room quotas work.

VIDEO: Greek bailout deal struck

The President of the European Central Bank, Mario Draghi, has confirmed that a deal has been struck on a Greek bailout as interest rates are kept on hold.

VIDEO: Bank of England extends quantitative easing

The BBC's Aaron Heslehurst on the Bank of England's decision to extend its quantitative easing programme - and the European Central Bank leaves eurozone interest rates unchanged.

VIDEO: Guinness maker announces profit rise

The world's biggest drinks maker Diageo has announced a 15% rise in half year profits.

VIDEO: Germany's bumper year for exports

The BBC's Aaron Heslehurst on Germany's bumper year for exports in 2011 - and why the RBS boss turned down his bonus.

VIDEO: Airbus cracks 'minor safety issue'

Aviation analyst Chris Yates told BBC News that possible cracks on Airbus A380 planes are a minor safety issue.

VIDEO: Does Groupon make money?

The online deals company Groupon is due to post its first financial results since becoming a publicly traded firm.

VIDEO: How does quantitative easing work?

How the Bank of England pumps money into the economy

Viewpoint: The changing nature of work

Slogging 24/7 and always connected - is this the future of work?

CEO pay not linked to performance

Why chief executives are paid so much

Brazil oil giant Petrobras gets new chief

Meet the woman set to run Brazil's oil giant

Small firms: Your questions answered

Your questions answered

'Europe is poor so should live within its means'

Time to learn from Asia and cut the cloth accordingly says Mahathir Mohamed

My Business: From old cellar to successful winery

The Georgian winemaking twins reviving a lost art