Burma’s foreign debt put at $11bn

Burma reveals it owes more than $11bn in foreign debt – a figure much higher than the previous

Shell plans production expansion

Royal Dutch Shell has said it will launch a major investment drive in an effort to boost falling

India cancels telecom licences

India’s Supreme Court cancels 122 telecommunications licences awarded to several companies, amid an ongoing corruption

Sony reports further heavy losses

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

LVMH profits from luxury demand

Profits at LVMH for last year have beaten forecasts, with world’s largest luxury goods group saying the outlook for 2012 was

Banker fears ‘social time bomb’

Dr Josef Ackermann, the head of Germany’s biggest bank, Deutsche Bank, warns of a “social time bomb” from wealth and income

Facebook: Behind the likes and pokes

In papers filed at the beginning of its flotation process, Facebook reveals information about the company which had previously been

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

Xstrata in Glencore merger talks

Mining giant Xstrata and commodities trader Glencore International announce they are in talks over a possible “merger of

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