Online Business News Today: June 2013

Sunday, 30 June 2013

PM making historic Kazakhstan visit

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David Cameron says he will raise human rights with Kazakhstan's president as he becomes the first serving UK prime minister to visit the country....PM making historic Kazakhstan visit

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Saturday, 29 June 2013

Summit to discuss payday loans

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"Deep-rooted" problems in the loans business will be the subject of a summit involving payday lenders, regulators, charities and the government....Summit to discuss payday loans

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AUDIO: UK 'may face energy problems'

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The energy regulator Ofgem has warned that the risk of power cuts has increased in the UK....AUDIO: UK 'may face energy problems'

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Friday, 28 June 2013

VIDEO: Feeling the pinch in Egypt's new era

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President Mohammed Mursi's assumed power in Egypt one year ago, but the country's economy remains stagnant and many Egyptians are feeling the pinch....VIDEO: Feeling the pinch in Egypt's new era

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M&S makes Facebook boycott threat

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Marks and Spencer becomes latest advertiser to threaten a boycott of Facebook over concerns about inappropriate content....M&S makes Facebook boycott threat

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Thursday, 27 June 2013

Energy blackout proposal dismissed

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The government dismisses a proposal by National Grid that big shops and factories could be paid to cut their energy at peak times to prevent shortages....Energy blackout proposal dismissed

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Spending Review explanation 'woeful'

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The influential Institute for Fiscal Studies criticises the documentation and explanation of the Spending Review as being woeful....Spending Review explanation 'woeful'

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Wednesday, 26 June 2013

EU in draft deal on bank bailouts

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EU finance ministers have agreed an outline plan on how to rescue troubled banks in any future crisis - without leaving taxpayers to face the bill....EU in draft deal on bank bailouts

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Rio Tinto in Mozambique coal freeze

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The mining giant Rio Tinto has suspended its coal exports from Mozambique, because of security concerns following threats from the former guerrilla movement, Renamo...Rio Tinto in Mozambique coal freeze

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Tuesday, 25 June 2013

Japan firm in record foreign takeover

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Japan's SoftBank will become one of the world's largest mobile operators after shareholders in Sprint Nextel backed its revised bid for a 78% stake in the business....Japan firm in record foreign takeover

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Warning over UK 'visitor bond' plan

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Indian business leaders warn that plans to make visitors to the UK pay a £3,000 "security bond" will harm the countries' "special relationship"....Warning over UK 'visitor bond' plan

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Monday, 24 June 2013

VIDEO: Can the Welsh valleys bounce back?

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The BBC's Mark Easton goes to the valleys of south Wales to find out if these communities can ever bounce back after the demise of heavy industry....VIDEO: Can the Welsh valleys bounce back?

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AUDIO: Why high prices mean market 'failing'

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High house prices and high housing unaffordability are clear signs the housing market is failing, according to the Rics Housing Commission....AUDIO: Why high prices mean market 'failing'

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Vodafone seals Kabel Deutschland bid

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Vodafone has agreed with the board of Kabel Deutschland to buy the German cable firm for 7.7bn euros (£6.6bn)....Vodafone seals Kabel Deutschland bid

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Sunday, 23 June 2013

Central banks told to halt support

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The Bank for International Settlements (BIS) says banks have done their bit to help economic recovery and governments must do more....Central banks told to halt support

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UK and China in £21bn currency deal

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The Bank of England and its Chinese counterpart agree a currency deal likely to boost trade between the UK and China in the yuan....UK and China in £21bn currency deal

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S4C 'may lose all government money'

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A former S4C head says the channel could become entirely reliant on the BBC licence fee for funding after the UK government spending review....S4C 'may lose all government money'

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Saturday, 22 June 2013

VIDEO: Can energy-starved India work with US?

US Secretary of State John Kerry is to visit India - his first trip to the country since he took over from Hillary Clinton....VIDEO: Can energy-starved India work with US?

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VIDEO: Whatever happened to Second Life?

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The social media website, Second Life launched 10 years ago and some corporations thought would change the face of business forever....VIDEO: Whatever happened to Second Life?

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Mercedes reprimanded over tyre test

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Mercedes are banned from this year's young driver test and reprimanded for taking part in a controversial Pirelli tyre test....Mercedes reprimanded over tyre test

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Friday, 21 June 2013

Buzz Aldrin calls for a Mars colony

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Buzz Aldrin's rallying call to mankind...Buzz Aldrin calls for a Mars colony

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Voucher trend moves to small stores

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Independent stores tackle the big chains with voucher schemes...Voucher trend moves to small stores

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Town centres 'missing out on retail'

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Research suggests the government's new planning rules are doing little to coax local authorities into locating big new retail developments in town centres....Town centres 'missing out on retail'

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Markets stable after sharp falls

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Markets regain ground during US afternoon trading, following 48 hours of falls prompted by comments from the US Federal Reserve....Markets stable after sharp falls

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Enron chief sentence cut to 14 years

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The prison sentence for the former boss of scandal-hit Enron, Jeffrey Skilling, is reduced on appeal from 24 to 14 years....Enron chief sentence cut to 14 years

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Premier League starts piracy swoop

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The Premier League has written to internet service providers to signal its intent to have a popular football streaming site blocked....Premier League starts piracy swoop

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Share prices see-saw back to losses

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US and European share markets have returned to losses, but at a shallower rate than those seen on Thursday....Share prices see-saw back to losses

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Shares recover ground after falls

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US and European markets recover some ground from Thursday's steep losses which were sparked by US Fed plans to scale back its stimulus programme....Shares recover ground after falls

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Rosneft in $270bn China oil deal

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Russian state-owned oil company Rosneft signs a 25-year deal worth $270bn to double its oil supplies to China....Rosneft in $270bn China oil deal

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European shares steady after falls

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European markets recover some ground from Thursday's steep losses which were sparked by news that the US Fed plans to scale back its stimulus programme....European shares steady after falls

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Government borrowing rose in 2012-13

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Government borrowing rose slightly in 2012-13 compared with the previous year, revised figures from the Office for National Statistics show....Government borrowing rose in 2012-13

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More pain for tenants as rents rise

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The cost of renting a home in England and Wales rose again in May as tenants faced charges that were 3.5% higher than a year earlier, a survey says....More pain for tenants as rents rise

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Miliband to attack 'land hoarding'

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Labour leader Ed Miliband is to say property developers "sitting on" land rather than building homes should be penalised....Miliband to attack 'land hoarding'

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Thursday, 20 June 2013

Asian stocks fall for second day

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Asian stocks fell again as investors continued to react to news that the US Federal Reserve could scale back its stimulus programme later this year....Asian stocks fall for second day

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Rio delays shipments from Mongolia

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Rio Tinto delays its first shipment of copper from a huge Mongolian mine project, Oyu Tolgoi, which was due to begin Friday, because of a lack of government support....Rio delays shipments from Mongolia

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IMF plays down Greek financing fears

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The IMF says that no financing problems will arise in Greece, if the current review of the country's bailout programme concludes by the end of July....IMF plays down Greek financing fears

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VIDEO: Ferdinand: Investors help raise football profile

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Rio Ferdinand tells the BBC's Rico Hizon why Asia is such an important market for Manchester United and English football....VIDEO: Ferdinand: Investors help raise football profile

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Egypt's revolution inspires tech start-ups

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Egypt's tech start-ups use the power of the crowd...Egypt's revolution inspires tech start-ups

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VIDEO: How the UK is selling tea to China

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British tea company sells its products with Alibaba a company which operates predominantly in China....VIDEO: How the UK is selling tea to China

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Chinese injured in Beckham stampede

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Fans eager to see the football star David Beckham storm a police cordon in Shanghai and start a stampede in which seven people are injured....Chinese injured in Beckham stampede

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France, Spain investigate Google

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Google's failure to address EU concerns about its consolidated privacy policy has led France and Spain to launch their own investigations....France, Spain investigate Google

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Saab-owner wants GM back in court

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The owner of Saab, Dutch firm Spyker, plans new court action against General Motors, which it claims lost it $3bn by forcing the Swedish carmaker into bankruptcy....Saab-owner wants GM back in court

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Singapore smog 'could last for weeks'

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Singapore's prime minister warns that the haze engulfing the city could last for weeks, as air pollution in the city-state soared to record levels....Singapore smog 'could last for weeks'

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Global markets fall on Fed comments

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Global markets for shares, bonds and commodities fall and the dollar rises after the US central bank signals it may scale back stimulus later this year....Global markets fall on Fed comments

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Furniture retailer Dwell closes down

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Furniture retailer Dwell announces it is to cease trading andis asking employees to stay at home pending the appointment of administrators....Furniture retailer Dwell closes down

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UK banks told to plug £27bn hole

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The Prudential Regulation Authority says the UK's top banks and building societies need to fill a £27.1bn hole in their balance sheets....UK banks told to plug £27bn hole

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Daily Mail in payout to psychic

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Psychic Sally Morgan says she has accepted an apology and £125,000 in damages from the Daily Mail after it suggested she "perpetrated a scam"....Daily Mail in payout to psychic

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Stock markets fall on Fed comments

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Global stock markets fall sharply after the US central bank signals it could begin to scale back its economic stimulus programme later this year....Stock markets fall on Fed comments

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Wednesday, 19 June 2013

Osborne set to outline bank plans

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The Chancellor, George Osborne, is expected to outline the government's plans for the future of Lloyds and RBS during his speech at the Mansion House....Osborne set to outline bank plans

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How do you prepare for a lifetime of renting?

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How do you prepare for a lifetime of renting?...How do you prepare for a lifetime of renting?

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BT complains about Sky Sports supply

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UK telecoms regulator Ofcom is to launch an investigation into BSkyB over the supply of its sports channels to rival broadcasters....BT complains about Sky Sports supply

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BT's Livingston to be trade minister

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BT chief executive Ian Livingston is to leave the company to join the government as a trade minister, David Cameron announces....BT's Livingston to be trade minister

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