Dailynews

The online news app Flipboard is named best in show at the first Appys – an awards ceremony for mobile device software.

The online news app Flipboard is named best in show at the first Appys – an awards ceremony for mobile device software.

Sona Jobarteh is the first female kora virtuoso in a family renown for its mastery of the traditional West African instrument.

Glamorous images of late screen siren Jane Russell

China’s state owned Sinosteel buys a majority stake in Australian iron ore miner Midwest.
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The boss of Belgium’s largest bank, Fortis, steps down as shareholders criticise his handling of the credit crisis.
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The Vatican made a loss last year as the weakening dollar reduced the value of donations from the US.
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Ongoing concerns about oil supplies pushes the price of a barrel of crude to new record highs above $147 a barrel.
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RBS unveils plans to sell off the Australian assets of ABN Amro – the Dutch bank which it bought last year.
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General Electric says profits fell 6% in the second quarter as the US economy was ”challenged”.
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Mobile phone firms reach a deadline to cut the price of sending text messages in EU member nations.
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A Chinese businessman wins the right to have lunch with Warren Buffett after bidding $2.1m on auction site eBay.
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The US Federal Reserve auctions a further $75bn of loans to banks to help them through the credit crunch.
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Investment in ‘green’ energy surged in 2007 and early 2008 despite financial market woe, a report says.
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World oil supplies will grow more slowly than previously thought over the next five years, warns the International Energy Agency.
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Markets fall in the US, Europe and Asia as inflation worries and fears of further bank losses dent confidence.
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Foreign staff at BP’s Russian joint venture could be forced out of the country after their visa requests were refused.
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GM shares fall to a 54-year low as investors worry about the firm’s financial position amid falling sales.
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Mobile phone maker Sony Ericsson warns investors that its profits would be less than previously expected.
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Global stock markets have suffered a sell-off sparked by worries about the economy and record oil prices
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Up to 30,000 Volkswagens are damaged by hail stones the size of tennis balls hitting new cars at its Emden plant.
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Anheuser Busch, the brewer best known for Budweiser, rejects a takeover offer from rival brewer InBev.
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The chairman of Microsoft, Bill Gates, is stepping down from his day-to-day job at the world’s largest software company.
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Crude oil retreats slightly after breaking through $142 a barrel, on concerns that supply will not meet demand.
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The US Federal Reserve reveals its strategy to tackle to credit crunch
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The number of members of the global US dollar millionaires ‘club grew in 2007, a wealth report says.
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A senior FBI officer says more arrests will be made as part of its probe into mortgage fraud and the credit crunch.
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Opec president Chakib Khelil rebuffs calls to increase supply, and says other factors are affecting price.
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British energy firm BG Group makes a $13.15bn hostile bid for Australian power company Origin Energy.
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The Russian chairman of BP’s joint venture, TNK-BP, tells the BBC the firm’s chief executive should quit.
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High-speed rail would benefit the UK more than plans to expand Heathrow airport, says the RMT rail workers’ union.
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US consumer confidence in June fell to its lowest level since February 1992, a survey suggests.
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Pay rises from the boardroom to the shopfloor must be consistent with a 2% inflation target, the chancellor says.
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The Indian rupee continues to slide in value against the dollar amid concerns high oil prices will stoke inflation.
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Oil prices rise after emergency talks in Jeddah over the weekend end with no real resolution.
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British Airways increases its fuel surcharge for passengers travelling in its premium classes.
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The net could see its biggest change in decades if plans to open up the address system are approved this week.
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A strike by fuel tanker drivers over pay ends and talks aimed at averting further industrial action resume.
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US software firm Adobe reports a 41% jump in second-quarter profit thanks to international markets.
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Goldman Sachs reports an 11% fall in quarterly profit, avoiding the massive losses sustained by some rivals.
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A former EADS official is held by financial police for a second day in an inquiry into alleged insider trading.
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Nigeria suspends the head of its oil watchdog amid a probe into licences awarded under a former national president.
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The public believes inflation will hit 4.3% in a year’s time, a report in the Bank of England quarterly review says.
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Japanese car maker Honda begins the first commercial production of a hydrogen fuel-cell powered vehicle.
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US Federal Reserve chairman Ben Bernanke says rising healthcare spending may harm the US economy.
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UK High Street clothing firm Primark fires three Indian suppliers because they used child labour to finish goods.
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The US investment bank Lehman Brothers posts a loss of $2.8bn, the first since it went public in 1994.
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Crude oil prices rose above $136 a barrel because of a threat of a strike by oil workers in Nigeria.
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The government invites communities to host a nuclear waste site and invites firms to build new reactors.
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BP claims its Russian partners are trying to take control of its Anglo-Russian joint venture, BP-TNK.
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Two senior executives at Lehman Brothers are to step down days after the US bank announced huge losses.
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Hundreds of staff at BMW’s car plant in Oxfordshire will be temporarily laid off this weekend due to Spanish fuel protests.
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UK motorists travelling in Europe will find the cheapest fuel in Spain and Switzerland, a survey says.
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Oil prices rise amid concerns that demand will outstrip supply, pushing crude back above record levels.
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Unemployment in the UK rose by 38,000 to 1.64 million from February to April, the Office for National Statistics says.
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Dutch office products supplier Corporate Express agrees to a 1.7bn euros takeover bid from US counterpart Staples.
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Last-gasp talks to stop a fuel strike continue, as more than 600 petrol tanker drivers get set for four days of action.
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Corn prices hit new records after a US government forecast that output will fall because of poor weather.
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India’s central bank unexpectedly raises its benchmark interest rate to 8% in a bid to counter inflation.
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Stena Line is introducing a fuel surcharge on its Irish Sea routes to cope with its soaring fuel bills.
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The price of crude oil climbs a record $10 in one day’s trading to hit $138.5 a barrel as US shares fall sharply.
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Japanese banks suffer $8bn in losses connected to US sub-prime investments, its financial watchdog says.
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Indian inflation continues to rise, fuelling speculation the government will soon take action to tackle the problem.
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The International Energy Agency is calling for a $45 trillion green revolution to tackle global warming.
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The billionaire owners of the Russian side of TNK-BP call for the resignation of its American chief executive.
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The part-privatisation of rail operator Deutsche Bahn gets the green light from German politicians.
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Oil prices fall by more than $4 a barrel as the dollar gains strength and concerns grow about global energy demand.
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Northern Rock is to more than double the number of people handling debt management the BBC learns.
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United Airlines and US Airways halt plans to merge, say the parent companies of the two US carriers.
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The former boss of Italy’s central bank is to stand trial for his role overseeing a banking takeover in 2005.
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Sales of previously-owned US homes fell 1% in April as the housing downturn continued, figures show.
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The ONS says it underestimated the amount of money pensioners receive from private pensions.
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Royal Mail is accused of ”rewarding failure” after chief executive Adam Crozier received

Oil prices are well off their $135 peak after investors cash in following five days of hefty price rises.
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Russian security services search the Moscow HQ of oil giant BP – the second time the firm has been targeted.
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The UK is ”more exposed” to food price rises than its peers, adding to recessionary fears, a report suggests.
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The Ministry of Defence is set to sign a

The Bank of Japan votes unanimously to keep interest rates unchanged at 0.5%, as widely expected.
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Energy supplies in the Chinese region hit by the earthquake are returning to normal, a key oil firm says.
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The Ministry of Defence is set to sign a

Oil prices surge past $129 a barrel as concerns about supply grow on Opec’s refusal to increase output.
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The number of investment bankers moving from the US to Asia will increase, experts say, due to the credit crunch.
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The World Trade Organisation (WTO) publishes new draft plans to try and restart the Doha global trade round.
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The US central bank auctions $75bn in loans to finance firms to boost their access to credit.
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A deadline from Electronic Arts for shareholders in Take-Two to accept a $1.9bn takeover offer passes.
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Oil prices hit a record approaching $128 a barrel for the first time on fresh worries about global supplies.
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The first phase of changes to the rail ticketing system comes into force.
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Construction of new US homes increased in April, raising hopes that the housing market may be recovering.
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US conglomerate General Electric is set to quit the household appliances market after 100 years.
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A row breaks out over Bangalore’s new international airport, as it gets ready to open on 23 May.
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US car parts firm Delphi takes legal action against an investment group over its withdrawal from a deal.
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Robert Mondavi, who helped put Californian Cabernets and Chardonnays on the world map, dies at the age of 94.
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Consumers will be ”crucified” unless ministers change the target for fighting inflation, a leading economist warns.
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Watchdog Ofwat is recommending that the water and sewerage sector be opened to competition.
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Watchdog Ofwat is recommending that the water and sewerage sector be opened to competition.
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Japan’s economy grew at a brisk annual rate of 3.3% in the first three months of 2008, official figures show.
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Television company CBS agrees to buy online technology news and entertainment website CNET.
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The World Bank and Standard Chartered join up to invest $45m in microfinance in Asia and Africa.
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