Business News

 

Citigroup has added its name to the list of US banks that enjoyed a strong second quarter of 2013

Microsoft has unveiled plans for its first major restructuring in five years

Africa's economy is growing faster than any other continent

US media group Tribune is to follow in the recent footsteps of Rupert Murdoch’s News Corp by splitting its newspaper and broadcasting operations

Ben van Beurden has been announced as the new chief executive of Royal Dutch Shell

Talks aimed to create the world’s largest free trade zone between the European Union (EU) and the US are set to open in the coming days

Mitsubishi UFJ Financial Group (MUFG) looks set to complete what would be the biggest purchase in South East Asia by a Japanese bank

The Cyprus economy is a step closer to relief with the signing of a MoU on its LNG resources

Steinway, the maker of the world’s most recognisable pianos, has found a buyer for the company

Nokia is to buy Siemens’ 50 percent stake in Nokia Siemens Networks (NSN)

Italian company Thales Alenia Space (TAS) have been chosen to lead the construction of the European Space Agency’s (Esa) newest undertaking

The African nation of Botswana has begun auctioning its own diamonds for the first time instead of selling them in Europe

Japan's SoftBank is set to become one of the world’s largest mobile operators

China Petrochemical Corporation, also known as Sinopec, has agreed a deal to acquire a stake in an Angolan oil and gas field

The CEO of MINTEK (South Africa’s national mineral research organization), highlights the importance of the new BASF laboratory for future joint projects

Oil and gas companies will invest as much as £44 billion in new North Sea projects over the next five years

Easyjet has signed one of the biggest deals thus far at this year’s Paris Air Show

Chinese property developer, the Dalian Wanda Group, have announced that they are to spend £1 billion on the purchase of a British yacht maker and property in London

More than 750 delegates have congregated in Aberdeen for the three-day Piper 25 conference

South Africa’s Deputy President Kgalema Motlanthe has unveiled plans to help restore investor confidence in the country’s mining sector

The African budget airline Fastjet has been granted permission to launch international flights from its hub in Tanzania

A hardware revolution could be on Africa’s horizon with the creation of a modem designed specifically for use on the continent

Japan has revised up its growth numbers for the first three months of the year

California-based Pearl Therapeutics is to become part of AstraZeneca