February 11, 2013
LIME’S CEO is stepping down
Telecommunications Company LIME has announced that its Chief Executive Officer, David Shaw is stepping down after four years leading the company. Mr Shaw, who has overseen the transformation of LIME, will remain with the business for the next six…
February 11, 2013
Euro strength to top finance ministers’ meeting
France is set to voice concerns about the strength of the euro at a meeting of eurozone finance ministers later. French Finance Minister Pierre Moscovici is worried that the rising single currency is making the country's goods less competitive. The…
February 11, 2013
Barclays misled shareholders about source of £3bn
Barclays misled shareholders and the public about one of the biggest investments in the bank's history, a BBC Panorama investigation has found. The bank announced in 2008 that Manchester City owner Sheikh Mansour had agreed to invest more than……
February 11, 2013
Apple, Microsoft and Adobe summoned by Australia
Technology giants Apple, Microsoft and Adobe have been called by the Australian parliament to appear before a committee looking at pricing levels. The House of Representatives launched a probe in July last year to see if some goods were more…
February 11, 2013
Venezuela devalues currency by 32% against the dollar
Venezuela has cut the value of its currency against the US dollar by 32%, in an effort to boost its economy. The widely expected measure ramps up the official exchange rate of the bolivar from 4.3 to 6.3 per US dollar. It was announced after…
February 11, 2013
EU leaders agree 3% budget cut deal in Brussels
EU leaders have reached an agreement on the budget for 2014-20 after lengthy talks in Brussels. European Council President Herman Van Rompuy announced the deal and said in a statement it was "worth working for". The new budget ceiling amounts to…
February 11, 2013
Boeing warns customers of 787 Dreamliner delays
Boeing has warned customers awaiting delivery of new 787 Dreamliners to expect delays, amid a continuing investigation into their safety. Deliveries of the planes in the near future have either been delayed or are at risk of postponement, the…
February 11, 2013
Heavy gunfire in northern Mali town of Gao
Malian troops and suspected Islamist militants are exchanging heavy gunfire on the streets of Gao in northern Mali. A BBC correspondent in the town says the clashes began near the central police station but have since spread. It comes a day after a…
February 11, 2013
Five dead on Canary Islands cruise ship
Five crew members have died after a lifeboat they were in fell from a cruise ship docked in the port of Santa Cruz de la Palma in the Canary Islands. The accident happened on the Majesty, operated by UK-based Thomson Cruises, during a routine safety…
February 11, 2013
More Than 20 Die in Stampede at India’s Ganges Festival
More than 20 people were killed in a stampede Sunday during a religious holiday in northern India.Officials say the stampede broke out when pilgrims were heading home from a festival that attracted millions of people in the northern city of…