China miner gets gold price boost

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

EU approves Iran oil imports ban

EU foreign ministers formally agree to an oil embargo against Iran, as Western powers reinforce their naval presence in the

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

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

US home prices continue to drop

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

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

BT cuts costs to increase profits

Telecoms group BT reports a sharp rise in profits, thanks largely to a jump in the number of broadband

Interest rate ‘collusion’ probe

Swiss authorities investigate 12 US, European and Japanese banks over claims they have been fixing their interbank lending

Service sector sees strong growth

The UK’s service sector grew at its fastest rate since March 2011 in January, according to a closely watched

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

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

Panasonic predicts a record loss

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

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

Eurozone service sector growing

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

Oil spurs Canadian PM China visit

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

Apple overturns Motorola’s ban

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

Hungarian airline Malev collapses

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

Europe hit by Russia gas shortage

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

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

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

Czechs and UK refuse EU agreement

Twenty-five of the 27 EU states agree to sign a fiscal pact for stricter rules to try to prevent future debt crises, with the UK and Czech Republic

Facebook ‘prepares to go public’

Facebook will begin the process of becoming a publicly-listed company this week, valuing the social networking site at between $75bn and $100bn, reports

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

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

Pakistan gets trade waiver for EU

Pakistan’s efforts to revive its exports have received a boost after some of its goods were given duty free access to the

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

China ‘considering’ eurozone help

Premier Wen Jiabao says Beijing is “considering” contributing to European rescue funds, during a visit by German Chancellor Angela

American Airlines cut 13,000 jobs

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

Debt crisis hits Deutsche profits

Deutsche Bank reports a sharp fall in profits as the eurozone debt crisis takes its toll on the company’s investment banking

More Galileo satellites ordered

The German-UK consortium building the operational spacecraft for Europe’s Galileo sat-nav system wins a contract to provide an additional eight