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| BBC News - Business |
| Spain set to pay more on bonds Thu, 17 May 2012 04:39:52 GMT Spain's borrowing costs look set to spike in a bond auction on Thursday, as the Greek crisis saps confidence in other indebted economies. |
| Rebuilding spurs Japan economy Thu, 17 May 2012 06:51:16 GMT Japan's economy grows by 1.0% between January and March compared with the previous three months, official figures show. |
| Vauxhall car plant 'saved by GM' Thu, 17 May 2012 08:57:59 GMT Workers at Vauxhall vote in favour of a new pay deal, clearing the way for owner General Motors to invest in the Ellesmere Port plant, securing 2,100 jobs. |
| Chinese gold demand hits record Thu, 17 May 2012 06:40:55 GMT Chinese demand for gold hit a record in the first quarter of 2012 and it remains the world's biggest market for gold, the World Gold Council says. |
| Bank warns of euro crisis 'storm' Wed, 16 May 2012 16:09:44 GMT The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year. |
| Facebook to sell 25% more shares Wed, 16 May 2012 16:23:57 GMT Facebook says it will sell 25% more shares than first planned in its forthcoming flotation in response to strong demand. |
| Fed wary of any US spending cuts Wed, 16 May 2012 19:07:08 GMT The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply, minutes of its April meeting show. |
| Toshiba halts Japan TV production Thu, 17 May 2012 06:44:10 GMT Toshiba halts production of LCD televisions in Japan as demand drops, a spokesman confirms to the BBC. |
| Greeks withdraw cash on euro fear Wed, 16 May 2012 11:33:13 GMT Greeks withdrew 700m euros ($894m; £560m) from banks in the week ending on Monday, according to the Greek president. |
| Results delay hits Bankia shares Wed, 16 May 2012 16:10:26 GMT Shares in Bankia, the part-nationalised Spanish bank, fall more than 10% after it delays the release of its first quarter results. |
| HTC shares dip on shipment delay Wed, 16 May 2012 09:06:47 GMT Shares of Taiwan's HTC fall after US customs officials hold up shipments of its new smartphones over a patent dispute. |
| Japan banks forecast tough year Wed, 16 May 2012 08:27:44 GMT Japan's biggest banks expect a tough year ahead, with two of the top three forecasting falls in profits as domestic demand for loans dampens. |
| UK unemployment falls by 45,000 Wed, 16 May 2012 14:29:22 GMT UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics. |
| 'Royal' diamond sells for $9.7m Tue, 15 May 2012 23:12:21 GMT A 35-carat diamond passed among Europe's royalty for four centuries, the Beau Sancy, sells for twice its reserve at auction in Switzerland. |
| VIDEO: China's 'instant' building Mon, 14 May 2012 18:38:43 GMT Company in China specialises in building modular high buildings in short time frames. |
| US April retail sales in slowdown Tue, 15 May 2012 14:29:28 GMT US retail sales barely grew in April, rising 0.1% compared with a gain of 0.7% the month before, while consumer prices stayed unchanged. |
| Colombia-US trade pact in force Tue, 15 May 2012 09:24:38 GMT A free trade agreement between the US and Colombia takes effect five years after being signed, with Colombian flowers the first goods to be sent. |
| Best Buy loses second top boss Mon, 14 May 2012 15:38:08 GMT The founder of US electronics retailer Best Buy is leaving after it was found he knew the chief executive was having an affair but did not disclose it. |
| Euro at four-month low on Greece Wed, 16 May 2012 15:25:01 GMT The euro hits a fresh four-month low against the dollar as political uncertainty in Greece fuels speculation it could leave the single currency. |
| Greece pays bond swap hold-outs Tue, 15 May 2012 15:48:41 GMT Greece agrees to pay off some of the investors who rejected its bond swap earlier this year. |
| Eurozone economy avoids recession Tue, 15 May 2012 14:37:03 GMT The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show. |
| Africa 'must boost food output' Tue, 15 May 2012 11:34:53 GMT The United Nations Development Programme says Africa needs to boost agricultural productivity if it is to sustain its economic boom. |
| Africa foreign investment surges Thu, 03 May 2012 17:58:08 GMT Africa received its largest ever share of global foreign direct investment (FDI) last year, according to an Ernst and Young survey. |
| Trade fair in Zimbabwe boycotted Fri, 27 Apr 2012 12:29:40 GMT India and Russia boycott a major international trade fair in Zimbabwe in protest against the country's policy of taking control of foreign companies. |
| India to cut Iran oil imports 11% Tue, 15 May 2012 12:01:55 GMT India says it will cut imports of Iranian oil by 11% in the current financial year as it continues to face pressure from the US. |
| Bharti Airtel faces investigation Tue, 15 May 2012 11:36:21 GMT Telecoms giant Bharti Airtel is being investigated for money laundering and violations of foreign exchange rules by Indian authorities, a minister says. |
| JAL profits boosted by cost cuts Mon, 14 May 2012 10:30:35 GMT Japan Airlines, which went bankrupt two years ago, posts an annual net profit of 186.6bn yen ($2.3bn; £1.5bn) thanks to cost cuts. |
| Tribunal rejects Rangers appeal Wed, 16 May 2012 21:56:34 GMT Rangers have their appeal against a year-long transfer embargo and a £160,000 fine rejected by a Scottish FA tribunal. |
| Olympic VIP tickets still to sell Wed, 16 May 2012 07:29:59 GMT Some 20% of hospitality tickets for the Olympic Games, which could set people back £4,500, are yet to be sold. |
| IPL suspends 'corrupt' players Tue, 15 May 2012 16:09:53 GMT India's cricket authorities suspend five IPL players who are being investigated for corruption after a sting by undercover TV reporters. |
| Tech powers Philippines call centre success Mon, 14 May 2012 23:00:45 GMT Technology - like social media and internet telephony - has helped the Philippines to overtake India as the world's call centre capital. |
| Welcome to the social revolution Thu, 10 May 2012 23:00:38 GMT The social web and mobile technologies have accelerated the rate at which relationships develop, information is shared and influence takes hold, says Salesforce.com's Marc Benioff |
| HTML5 takes the internet by storm Mon, 07 May 2012 23:01:17 GMT Companies are embracing HTML5 to let them create visually-interesting and interactive websites and apps, says Ian Hardy |
| Viewpoint: Why New York City is best for small businesses Mon, 14 May 2012 01:48:42 GMT As part of our continuing series looking at starting up and running businesses around the world, Rob Walsh, commissioner of the New York City Department of Small Business Services, explains the situation in his city, and the work of his department. |
| US scientists who mean business Sun, 06 May 2012 23:29:11 GMT Ever more academics and scientists in the US are honing their entrepreneurial skills. |
| Help wanted! Silicon Valley's hiring crunch Wed, 09 May 2012 23:01:10 GMT A technological start-up firm makes it big by keeping its recruits happy. |
| UK housing market 'needs fixing' Thu, 17 May 2012 07:15:14 GMT Housing groups warn that problems in Britain's housing market are not being fixed, on the day that figures on new house building are due. |
| Flight delay payments move closer Wed, 16 May 2012 13:02:13 GMT Airlines are likely to be told they must pay compensation to passengers whose flights are delayed by three hours or more. |
| Mortgage lending 'jumps in March' Wed, 16 May 2012 09:39:58 GMT There was a big rise in mortgage lending in March, as the stamp duty holiday for first-time buyers came to an end, lenders say. |
| VIDEO: Greeks withdraw millions from banks Thu, 17 May 2012 05:47:01 GMT Savers in Greece have been withdrawing hundreds of millions of euros from Greek banks, amid fears the country may have to withdraw from the single currency. |
| VIDEO: Ad boss on Facebook's power Thu, 17 May 2012 01:36:12 GMT Sir Martin Sorrell explains to Rory Cellan-Jones the strengths and weaknesses of Facebook when it comes to advertising, as the company prepares to float on the stock exchange. |
| VIDEO: ECB's 1-trillion-euro bank rescue Thu, 17 May 2012 00:36:08 GMT Benoit Coueure, from the European Central Bank, has been speaking about their decision to provide a loan of more than a trillion euros to hundreds of banks. |
| VIDEO: Eurozone crisis worries Singapore Thu, 17 May 2012 01:06:08 GMT Singapore, with its reliance on exports, is especially vulnerable to the crisis in the eurozone. |
| VIDEO: Japanese economy grows by 1.0% Thu, 17 May 2012 01:04:46 GMT Japan's economy grew by 1.0% in the first three months of 2012, which was better than had been expected. |
| VIDEO: Youth unemployment on G20 agenda Thu, 17 May 2012 00:27:31 GMT Labour Ministers from the Group of 20 nations meet in Mexico on Thursday, with youth unemployment high on the agenda. |
| VIDEO: Perfume market's whiff of success Wed, 16 May 2012 11:44:57 GMT Consumers in the Middle East spend five times as much on perfume as their European counterparts, but international companies are starting to compete with local oud-makers. |
| VIDEO: Facebook 'unlikely to crack China' Wed, 16 May 2012 02:39:50 GMT China's largest internet portal Sina Corp has posted a loss for the first three months of 2012. |
| The euro's survival 'requires political union' Thu, 17 May 2012 08:57:58 GMT The day the ECB saved the Eurozone's banks |
| China's ageing economic time bomb Wed, 16 May 2012 23:31:58 GMT How an ageing population threatens China's economy |
| Swiss Army knife adapts to remain a cutting-edge tool Wed, 16 May 2012 23:26:03 GMT The Swiss Army knife had to adapt after the events of 9/11 |
| Dual identities of a princeling Wed, 16 May 2012 17:00:07 GMT The dual identities of Bo Xilai's brother |
| How a Greek euro exit could affect you Wed, 16 May 2012 23:09:31 GMT How a Greek euro exit could affect you |
| How to ask for a pay rise Wed, 16 May 2012 23:10:03 GMT How to ask your boss for a pay rise |
| Brazil's business labyrinth of bureaucracy Wed, 16 May 2012 23:09:15 GMT The red tape mountain facing new businesses |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.