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Business News

Argentina acts over Falklands oil
Argentina begins legal proceedings against three British and two US companies for drilling oil near the Falkland Islands.

VW boss to stay despite divisions
The chief executive of Volkswagen, Martin Winterkorn, wins the backing of the company's top bosses, following a clash with the chairman.

Record £6bn order for Rolls-Royce
Rolls-Royce receives its largest order to date, worth £6.1bn ($9.2bn), to supply engines for Emirates airline A380 planes.

Wall Street slides on Greece woes
US shares fell sharply on Friday, dragged down by continuing fears of a Greek default and of China clamping down on speculative trading.

Jobless total lowest since July 2008
UK unemployment has fallen to its lowest rate since July 2008, official figures have shown.

Germany warns Greece over credit
Greece would struggle to find creditors outside of the EU and IMF, German finance minister Wolfgang Schaeuble says.

Sagging Barbie sales cost Mattel
Struggling US toymaker Mattel saw its sales drop for a sixth consecutive quarter as the appeal of its iconic Barbie doll continues to wane.

IMF praises UK economic strategy
The head of the International Monetary Fund, Christine Lagarde, endorses the UK coalition government's economic strategy, during a meeting in Washington.

Etsy shares surge 88% on debut
Shares in arts and crafts marketplace Etsy surge 88% in their US market debut, valuing the 10-year-old Brooklyn firm at more than $3.3bn.

Japan and Australia lead Asia losses
Asian shares were ending the week mixed after a lacklustre lead from Wall Street following disappointing economic data.

Search at Spain ex-IMF chief's home
Spanish authorities search the home and office of former IMF chief Rodrigo Rato, over suspected fraud regarding his personal wealth.

VIDEO: China's wealthiest - in 90 seconds
Who are the richest people in China and how did they become wealthy?

VIDEO: India's young art collectors
A growing number of young, wealthy Indians are buying art as a form of investment.

VIDEO: South Africa's appetite for fast food
The fast food industry is rapidly establishing itself across Africa, as Lerato Mbele reports.

VIDEO: The world's most expensive SUV
Who would buy a car like this? The BBC interviews the man behind the million dollar Dartz Prombron.

VIDEO: Kenya's quiet 'food revolution'
Local restaurants will soon feel the force of fast food in Kenya, reports the BBC's Michael Kaloki.

VIDEO: Japan seeks to reboot innovation
Mariko Oi reports from Japan on the country's quest to rediscover its innovative spirit with "game-changing" products.

VIDEO: Argentina's art-loving property magnate
Eduardo Costantini has built large swathes of Buenos Aires, but it is his art collection that is his passion.

VIDEO: Conjuring up some India budget magic
As Narendra Modi's government presents its first full budget, the BBC's Sameer Hashmi dons his magician's outfit to explain why India's economy could use a little magic.

Computer failure cancels debt issue
Government officials have been forced to postpone a debt issue, after a computer failure at the City information firm Bloomberg.

New luggage bins fit 50% more bags
Boeing has shown off its 'space bins' that can hold 50% more luggage than existing designs.

Goldman Sachs sees profits jump
US banking giant Goldman Sachs reports a sharp rise in profits thanks in part to an improvement in trading activity at its investment banking arm.

Etsy debut share price set at $16
Etsy, the online crafts marketplace, prices its shares at $16, but the company warns that it may never be profitable.

Toyota ends ban on new investment
Toyota has announced it will end a three-year, self-imposed break from expansion, following massive recalls, to build a new, billion-dollar plant in Mexico.

Germany 'headed for higher growth'
Four leading German economic institutes have raised their growth forecast for the country's economy as a result of falling oil prices and the depreciation of the euro.

Greece in new credit rating downgrade
S&P downgrades Greece's credit rating saying it expects its financial commitments will be "unsustainable".

Protester crashes ECB growth update
A protester crashes a press briefing as the European Central Bank explains how its 1.1 trn euro bond buying plan is reviving the eurozone economy.

South African firm buys Virgin Active
South African investment firm Brait has provisionally agreed to buy an 80% stake in Virgin Active for $1bn.

Cruise operators shun Tunisian ports
Costa Cruises and MSC Cruises, two Italian cruise companies, cancel planned stops in Tunisian ports following shootings at a museum in Tunis that killed 21 people.

South Africa power chiefs suspended
South Africa's power utility Eskom tells four top officials to step aside while it investigates the problems at the firm, including recent power cuts.

Indian companies shun
A group of Indian technology and internet firms pull out of Facebook's initiative, fearing it threatens "net neutrality".

Chinese rival Ninebot buys Segway
Chinese vehicle maker Ninebot has bought iconic US rival Segway for an undisclosed amount, the company announced.

China's growth slows to 7%
China's economic growth slows further in the three months to March this year, expanding 7% compared to a year earlier, its slowest pace in six years.

The start-ups that want your electronic junk
The start-ups that want your electronic junk

How close is Greece to Grexit?
How close is Greece to leaving the euro?

Why use negative interest rates?
Why are some borrowers being paid for it?

Beyond the first law of computing
Will Moore's Law last another 50 years?

Could a ‘miracle tree’ help end malnutrition
Could the moringa help eradicate malnutrition in Zambia?

Do we have more energy than we can burn?
Why energy assets may be worth less than investors think
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