January 15, 2013
Apple suppliers’ shares fall on report of cut in orders
Shares of Sharp and other suppliers of iPhone parts to Apple have fallen after reports of a cut in orders for the iPhone 5. Apple has reduced orders by about 50% for its latest model, according to the Nikkei newspaper in Japan. Sharp, which makes…
January 15, 2013
Platinum Producer to Cut 14,000 Jobs in South Africa
Mining giant Anglo American Platinum has announced plans to close four mine shafts in South Africa and cut up to 14,000 jobs. The vast majority of the job cuts would be in the city of Rustenburg, where at least 46 people were killed in mine-related…
January 14, 2013
Volkswagen sales hit record high in 2012
Volkswagen says its group sales hit a record high last year despite slowing sales in Western Europe. The German carmaker sold 9.07 million cars last year, up 11% from 2011. Sales in North America and Asia-Pacific rose 26.2% and 23.3% respectively,…
January 14, 2013
Heathrow: 2012 ‘busiest year on record’
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January 14, 2013
UPS drops 5.2bn-euro bid for TNT over EU competition
Package delivery firm United Parcel Service (UPS) has pulled out of its 5.2bn-euro ($6.8bn; £4.3bn) bid for Dutch rival TNT Express after discovering EU competition authorities would probably block the deal. UPS said it saw "no realistic prospect"…
January 14, 2013
German truck maker MAN cuts shifts
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January 14, 2013
Indian inflation eases to 11-month low in December
Indian inflation slowed last month, boosting hopes of an interest rate cut when the central bank meets later this month. The annual rate of inflation eased to 7.18% in December, down from 7.24% in November, according to the Wholesale Price Index -…
January 11, 2013
UK economy ‘contracted in fourth quarter’
The UK economy contracted by 0.3% in the last three months of 2012, according to the National Institute of Economic and Social Research (NIESR). The NIESR blamed it on artificially strong growth in the third quarter. If the figure is confirmed by…
January 11, 2013
Ford to hire 2,200 extra US staff to meet growing sales
Ford plans to hire 2,200 new staff in the US this year, in response to the continuing rise in American car sales. The country's second-largest carmaker by sales, it said it would hire engineers, computer programmers and other office workers. Ford's…
January 11, 2013
Japanese government approves $116bn stimulus package
The Japanese government has approved a fresh 10.3 trillion yen ($116bn; £72bn) stimulus package in an attempt to spur a revival in its economy. The package will include infrastructure spending, as well as incentives for businesses to boost…