May 14, 2012
Miami’s LeBron James named MVP winner again
Miami Heat forward LeBron James was named on Saturday as the National Basketball Association's Most Valuable Player for the 2011-12 season, cementing his place among the game's greatest players. It was the third time in four years that "King"…
May 14, 2012
Roger Federer beats Tomas Berdych to win Madrid Open
Roger Federer came back from one set down to beat Tomas Berdych and win the Madrid Open 3-6 7-5 7-5. "It was a tough tournament and a brutal draw. Tomas played very well," said Federer who now replaces Rafael Nadal as world number two. "I'm sure…
May 14, 2012
Serena Williams beats Victoria Azarenka to win Madrid Open
Serena Williams beat world number one Victoria Azarenka 6-1 6-3 to win the Madrid Open for the first time. It was Williams' first appearance in Europe this season and the world number six and ninth seed dominated the Belarussian over two sets. It…
May 14, 2012
Michael Schumacher penalised for Bruno Senna clash
Michael Schumacher has been hit with a five-place grid penalty for the next race in Monaco after a collision with Bruno Senna in Spain. The seven-time champion's Mercedes ran into the back of Senna's Williams, taking both out of the race. The race…
May 14, 2012
Yahoo chief executive Scott Thompson steps down
The chief executive of computer firm Yahoo has stepped down, amid accusations that a fake computer science degree was included on his CV. The California-based company confirmed media reports that Scott Thompson had quit his post. He has been…
May 14, 2012
China, S Korea and Japan to begin free trade talks
The leaders of China, Japan and South Korea, three of Asia's biggest economies, have agreed to begin talks this year for a free-trade agreement. The three leaders also signed a trilateral investment agreement, at a summit in Beijing on Sunday.…
May 14, 2012
JPMorgan boss Jamie Dimon admits failures
The chief executive of JPMorgan Chase, Jamie Dimon, says he was "dead wrong" in April to dismiss concerns over the bank's trading practices. At the time he played down concerns over bets the bank made on the markets. On Thursday JPMorgan said it…
May 14, 2012
German Finance Minister Wolfgang Schaeuble eyes EU role
German Finance Minister Wolfgang Schaeuble has indicated interest in becoming chairman of the eurozone finance ministers' regular meetings. It is a key position that involves coordinating policy among the 17 countries that use the euro. Known as…
May 14, 2012
China allows banks to lend more in bid to boost economy
China has cut the amount of funds banks have to hold in a reserve, in a bid to boost its economy. It is the third time the central bank has made such a move in six months. It follows recent economic data suggesting that the Chinese economy is…
May 14, 2012
Greek Radical Left Leader Refusing Coalition Talks
The leader of a group of Greek far-left parties, which finished second in last week's parliamentary elections, is refusing to take part in more talks to form a coalition government. Alexis Tsipras said Sunday he will not become what he calls an…