Business News

 Airbus has announced a rise in full-year profits 

Eastern Europe is heavily dependent on Russian gas, and Ukraine's immediate future may be strongly influenced by decisions made in Moscow

Mozilla has unveiled a prototype for a $25 smartphone to target the developing world

Royal Dutch Shell is to sell its Australian downstream business to oil trading firm Vitol

Actavis, the second largest generic drugmaker in the world, is to pay $25 billion to purchase Forest Laboratories

BHP Billiton has posted a 31 percent increase in profit of $7.6 billion

India’s largest mobile phone companies have bid almost $10 billion for the country’s second generation (2G) telecoms licences

Rio Tinto has celebrated the news that higher iron ore prices and cost cutting helped return it to profit by raising its dividend

Dr Chris Cornelius, the founder of shale gas company Cuadrilla, plans to frack for gas in the Irish Sea

French food company Danone is looking to expand in China through the doubling of its stake in the country’s largest milk producer

Toyota has announced it will end car production in Australia in 2017

Walt Disney has reported record earnings for the last three months of 2013

Delivering the 2014 Dimbleby Lecture in London last night, IMF Managing Director Christine Lagarde said that responding to current and future economic trends requires a renewed commitment to international cooperation

The rare earth elements (REEs) exploration and development company, Galileo Resources, is set to venture outside its focus area thanks to the purchase of a gold-copper property in the US

New research by Ricoh Europe and The Economist Intelligence Unit reveals that the financial sector is struggling to adopt new technologies making it more difficult for financial businesses to retain their customers

President Barack Obama will host the first US-Africa Leaders’ summit in Washington on August 5 and 6 2014

Anglo American’s iron ore and platinum businesses have each recorded year-on-year production gains for the fourth quarter of 2013

For the first time in a single year more than one billion smartphones were shipping during 2013

Tullow Oil has announced two new oil discoveries in Northern Kenya this month raising hopes of a significant new resource

Microsoft has reported better-than-expected fourth quarter earnings for 2013

Toyota remains the world’s largest carmaker by sales having sold 9.98 million vehicles during 2013

A 29.6 carat blue diamond has been recovered by Petra Diamonds in South Africa

ONGC Videsh, the overseas arm of Indian exploration and production giant, ONGC Limited, has been offered two oil and gas blocks by Sudan

Rio Tinto has reported record iron ore production levels for the fourth quarter of 2013