Business

March 31, 2011

American Airlines cuts flights to Japan as demand falls

American Airlines is reducing the number of flights to Japan as travel demand to the country continues to fall. The airline said it will suspend two of its six daily flights to Japan from April 6. Other international airlines like Delta and Qantas…

March 31, 2011

Japan to scrap stricken nuclear reactors

Japan is to decommission four stricken reactors at the quake-hit Fukushima nuclear plant, the operator says. Tokyo Electric Power (Tepco) made the announcement three weeks after failing to bring reactors 1 - 4 under control. Locals would be…

March 29, 2011

South Korea firms in bidding race for Korea Express

Three of South Korea's biggest companies have bid for a controlling stake in Korea Express, the country's biggest logistics firm. POSCO, Lotte Group and CJ Group have all submitted preliminary bids to buy 37.6% of the firm as they look to reduce…

March 29, 2011

Japan to discuss nationalising Tepco, reports say

Speculation is growing that the Japanese government may start talks to nationalise Tokyo Electric Power, which owns the Fukushima nuclear plant. Conflicting reports in local media caused nervousness among investors and Tepco's share price fell by…

March 27, 2011

Libyan rebels ‘sign oil export deal with Qatar’

Libyan rebels say they have signed an oil contract with Qatar to export oil…

March 27, 2011

Eurozone sets bail-out terms as Portugal fears increase

European leaders have agreed a restructuring of a financial bail-out fund that they hope will resolve the bloc's debt crisis. Eurozone ministers bowed to German demands to renegotiate the time-frame for contributions to the massive fund. But the…

March 27, 2011

David Cameron wants Japan EU trade deal

The European Union (EU) should offer Japan a free trade deal to help it recover from the earthquake and tsunami two weeks ago, UK Prime Minister David Cameron has said. "One of our priorities must be to invite Japan to enter into a free trade area…

March 27, 2011

Spanish airport workers call off major strike

Airport workers in Spain have called off 22 days of strikes which threatened to cause major disruption over the Easter holidays and into the summer. Union members voted to cancel the strike after receiving guarantees over job security and…

March 27, 2011

Saab chief goes as losses mount

The chief executive of Saab is stepping down as the carmaker continues to struggle with weak sales and large losses. Saab suffered a 218m euros ($308m; £191m) loss last year, according to parent company Spyker Cars. Jan Ake Jonsson has worked for…

March 25, 2011

TNK-BP blocks BP Russian Arctic venture with Rosneft

Russian shareholders of TNK-BP have blocked BP's Arctic exploration deal with…