BP ups asset sale target after massive oil spill

6 Sep 10 - OIL giant BP has increased to US$40 billion the amount it wants to raise from an asset sale programme in the wake of the Gulf of Mexico oil spill, the Sunday Times newspaper reported.The US$40 billion figure is an increase from the previous goal of...

Russia and India sign satellite navigation deal

6 Sep 10 - INDIAN and Russian companies signed a deal that will see Indian buses guided by a Russian satellite navigation system, the news agency Interfax reported Saturday.India's HBL Power Systems and Russia's Navigation Information Systems (NIS) agreed on...

BA-Iberia eye 12 airlines for expansion

BRITISH Airways and Iberia have a list of 12 potential airlines to buy or merge with when their tie-up is complete, BA Chief Executive Willie Walsh said in Mumbai on Sunday.

Slow growth for IT jobs in UK

PUBLIC sector job opportunities in IT in Britain have fallen markedly since the start of the year, a survey showed yesterday, in a sign that the government's austerity drive is already affecting the labour market.

Obama to launch political offensive on economy

US PRESIDENT Barack Obama will travel to the Midwestern US state of Wisconsin Monday as part of a broad effort to stem ebbing political support over the slowing economic recovery.

BA still keen on Qantas merger

BRITISH Airways would be keen on reopening merger talks with Qantas Airways if Australia's top carrier was interested in reviving a deal that collapsed in 2008, according to BA's chief executive.

Slovakia faces EU problems after rebuff of Greek aid

SLOVAKIA faces growing criticism and isolation in the European Union over its decision not to contribute to an aid package for debt-ridden Greece, EU diplomats said yesterday.

Euro slides, Europe banking issues in focus

THE euro fell broadly yesterday after rekindled concerns about the European banking sector and prompted investors to sell higher-risk currencies.

Oil falls to US$74, dollar gains

8 Sep 10 - OIL fell below US$74 a barrel yesterday as the dollar strengthened and Tropical Storm Hermine came ashore near the Mexico-Texas border with no signs of disruption to crude or refining output.The dollar was up 0.6 per cent against a basket of...

Debenhams is cutting prices by up to 25 per cent

LONDON: British department stores group Debenhams is cutting prices by up to 25 per cent, in a sign retailers are increasingly nervous about the outlook for consumer spending.