News archive from 24 January 2012, page 12

Tevez running out of options as PSG end interest in Manchester City exile

Tevez running out of options as PSG end interest in Manchester City exile

Paris Saint-Germain have pulled out of the race to sign Carlos Tevez, insisting they will not be held to ransom in pursuit of a new striker. The French club are in talks to sign Brazilian Alex from Chelsea, but Manchester City rebel Tevez seems...

Daily Mail, 12:00 in Sport
 
Sony and Panasonic brace for grim earnings season

Sony and Panasonic brace for grim earnings season

Both companies saw their debt ratings downgraded by Moody's Investor Services last week, as their TV divisions continue to bleed red ink despite restructuring efforts. Sony, which reports on February 2, is expected to barely break even for the...

 

Siemens' profits slump on project delays

German industrial giant Siemens has reported a sharp fall in profits after the eurozone debt crisis forced customers to delay certain projects. Net profit for the final three months of 2011 was 1.46bn euros ($1.9bn; £1.2bn), down 17% on a year...

BBC, 12:07 in Business
 
UK borrowing at £1trillion but ahead of target in December to keep deficit plan within reach

UK borrowing at £1trillion but ahead of target in December to keep deficit plan within reach

The British Government borrowed less than expected in December and is on course to meet deficit reduction targets despite slowing growth in the economy. The latest data from the Office for National Statistics showed that UK public sector net borrowing...

 

Fall in Irish house prices accelerated in 2011

Average residential prices are now 47 percent below their 2007 highs, while prices in Dublin are 55 percent off their peak. "With low transactions, constrained mortgage lending and an uncertain economic environment, house prices are likely to...

Reuters, 12:17 in Business
 
Nokia fined for spam texts in Australia

Nokia fined for spam texts in Australia

Nokia said it has discontinued the service in Australia and was ramping it down elsewhere, adding unsubscribing was simpler on its current devices. The regulator said Nokia had agreed to train employees engaged in SMS marketing about legal...

 

MPs criticise Lansley over viability of health cuts

The government's controversial NHS shake-up is hindering efforts to find ways of slashing health spending without cutting vital services, MPs warned yesterday. In a highly critical report, the health select committee said hospitals were resorting to...

 

Community pubs 'need tax breaks to survive'

Pubs which improve community life should be given tax breaks to help them survive, the Institute for Public Policy Research (IPPR) argued yesterday. A report by the think tank said that with 16 pubs closing each week there should be a 50 per cent...

 

Former Gaddafi stronghold revolts against Tripoli

Elders in Bani Walid, where militias loyal to the ruling National Transitional Council (NTC) were driven out in a gunbattle a day earlier, said they were appointing their own local government and rejected any interference from the authorities in the...

 
CARLOS TEVEZ TO JOIN AC MILAN ON LOAN

CARLOS TEVEZ TO JOIN AC MILAN ON LOAN

THE Carlos Tevez saga is expected to come to an end this week with the AWOL Manchester City striker joining AC Milan. Manchester City have 'reluctantly' accepted an offer for the 23-year-old after talks collapsed with Paris Saint-Germain. The French...

Daily Star, 12:45 in Sport
 
SHERIDAN JOINS TOULON

SHERIDAN JOINS TOULON

England and Sale prop Andrew Sheridan will join Toulon this summer. Sheridan has agreed a three-year deal with the French Top 14 club, who already have England internationals Jonny Wilkinson, Simon Shaw, Steffon Armitage and Dean Schofield in their...

Daily Star, 12:45 in Sport
 
Cairn Energy withdraws special payments for chairman

Cairn Energy withdraws special payments for chairman

Cairn Energy has withdrawn a proposal to grant £2.5m of special payments to its chairman, Sir Bill Gammell. The money was a reward for the former chief executive pulling off a multi-billion pound sale of much of its Indian subsidiary. As a result,...

BBC, 12:45 in Business
 
Unions rally, urge Romanian PM to quit

Unions rally, urge Romanian PM to quit

The hardship caused by austerity measures passed in 2010 to keep a 20-billion-euro International Monetary Fund-led bailout on track has until recently provoked little of the unrest in Romania that has been witnessed in countries like Greece. The...

 
Euro zone may skirt recession as PMIs surprise

Euro zone may skirt recession as PMIs surprise

Markit's Flash Eurozone Purchasing Managers' Composite Index (PMI), a reliable indicator of overall economic performance, showed the euro zone economy grew in January for the first time since August, confounding forecasts for a contraction. Survey...

Reuters, 12:53 in Business
 
Are we being too optimistic about GDP?

Are we being too optimistic about GDP?

Wednesday's GDP figure for the last three months of 2011 will be the most eagerly-awaited economic data of the year so far. In recent quarters we have been surprised by a few GDP figures, but should we have been? We know what goes into the economic...

BBC, 13:01 in Business
 


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