December 23, 2012
Steve Jobs’ high-tech yacht impounded over bill dispute
Venus, the minimalist high-tech yacht commissioned by the late Apple founder Steve Jobs, has become embroiled in a row over a disputed bill. French designer Philippe Starck claims Mr Jobs' heirs still owe him 3m euros of a 9m euro fee for the…
December 23, 2012
Bank reform plans should be tougher, Banking Commission says
Government plans to ring-fence the banks - protecting retail banking from the riskier investment side - "fall well short of what is required", a report has warned. The Banking Standards Commission wants the government to "electrify" the fence so…
December 23, 2012
Google Video executives’ Italian conviction overturned
An Italian court has overturned the conviction of three Google executives found guilty of breaking Italian law by allowing a video of a bullied teenager to be posted online. The clip was uploaded in 2006 and had featured a boy with autism. The…
November 26, 2012
Renesas shares up 5% on $2.2bn bailout report
Shares of Japanese chipmaker Renesas have risen 5% after a report said that shareholders have accepted a bailout from a government-backed fund. The Nikkei Daily said the the fund will buy two-thirds of the struggling company for 180bn yen ($2.2bn;…
November 26, 2012
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Germany's upper house of parliament has rejected a deal with Switzerland to tax German assets held in Swiss bank accounts. The deal would have allowed Germans with undeclared assets in Switzerland to avoid punishment by making a one-off payment of…
November 26, 2012
Aston Martin owner denies receiving two offers for firm
The owner of Aston Martin, Kuwait's Investment Dar, has denied reports it has received competing bids for a 50% stake in the luxury British car brand. Italian private equity fund Investindustrial is widely reported to have made an offer of nearly…
November 26, 2012
Gas tanker Ob River attempts first winter Arctic crossing
A large tanker carrying liquified natural gas (LNG) is set to become the first ship of its type to sail across the Arctic. The carrier, Ob River, left Norway in November and has sailed north of Russia on its way to Japan. The specially equipped…
November 26, 2012
Argentina debt showdown – NY judge: The court will be obeyed
Argentina has finally run out of wiggle room in a billion-dollar showdown over foreign debts unpaid since the country's world-record default a decade ago, and the stakes couldn't be higher for President Cristina Fernandez. A US federal judge in New…
November 22, 2012
Eurozone output contracts again, PMI survey says
Business activity in the eurozone continued to contract in November, a survey suggests. The Markit eurozone Purchasing Managers' Output Index was little changed from October, up to 45.8 from 45.7. A reading below 50 indicates contraction. A sharper…
November 22, 2012
SABMiller reports higher profits on emerging markets
Brewing giant SABMiller has said that profits improved, driven by growth in emerging markets. Pre-tax profit in the six months to September rose 12% to $2.28bn (£1.4bn), boosting the shares by 6%. "We have recently seen moderation of economic growth…