1.1 million face £100 tax fines

Just over one million taxpayers face a penalty of £100 for failing to submit their self-assessment tax returns on time, HM Revenue and Customs

How to build an empire out of a bikini

Jacqueline De Biase, 49, describes how an idea to start making her own bikinis at home 30 years ago blossomed into one of Brazil’s leading bikini

Financial risks: Danger or opportunity?

During a financial crisis the instinctive reaction is to take cover but, according to some people, that is the perfect time to take

What drives US entrepreneurship?

What is the secret behind the high number of successful business start-ups in the US? We talk to three American business

Olympics ‘boosting’ Scots tourism

Tourist bookings for visits to Scotland around the time of the London Olympics are rising, it is

India’s richest shrine goes green

India’s Tirupati Temple has adopted a range of green technologies – and the shrine is now trading carbon

Redknapp lies ‘extremely telling’

Harry Redknapp’s admission of lying to a News of the World reporter is “extremely telling”, a court is

Score draw in TV football case

The Premier League and the importers of foreign satellite TV decoder boxes and cards are both claiming victory after their latest court

Air India asked to pay fuel bill

Air India assures it will pay its dues for jet fuel to three state-owned oil firms by Friday after its fuel supplies are

China miner gets gold price boost

Chinse mining group Zijin says it expects a 20% jump in profits for 2011 boosted by higher gold prices during the

Cold front ad for Mini backfires

An advertising agency for BMW pays to name Europe’s cold weather “Cooper” in Germany, after the firm’s Mini Cooper car, but the stunt

Pilkington to close one UK line

Japanese glass manufacturer Nippon Sheet Glass says it will close one of its three UK production lines as it cuts

UK recession looms, says report

The UK will enter recession in the first half of the year as households continue to cut back, says the National Institute of Economic and Social

Hutchison to buy Orange Austria

Hong Kong’s Hutchison 3G agrees to buy Orange Austria in a bid to expand it presence and boost market share in the

Interest rate ‘collusion’ probe

Swiss authorities investigate 12 US, European and Japanese banks over claims they have been fixing their interbank lending

BT cuts costs to increase profits

Telecoms group BT reports a sharp rise in profits, thanks largely to a jump in the number of broadband

Uganda signs oil production deal

Oil production is set to start in Uganda after a deal is signed between the government and London-based Tullow oil, which also draws in Chinese and French

Service sector sees strong growth

The UK’s service sector grew at its fastest rate since March 2011 in January, according to a closely watched

Panasonic predicts a record loss

Japanese electronics giant Panasonic forecasts a record net annual loss of $10bn for the year to

Eurozone service sector growing

The eurozone’s service sector grows for the first time in four months, although Spain and Italy continue to

MPs reverse Lords welfare defeats

MPs overturn a series of defeats inflicted on the government’s welfare reform bill by peers, voting to reinstate child benefit into the proposed £26,000 total cap on

BAA loses Stansted sale appeal

Airport operator BAA loses its latest challenge against a competition ruling that it must sell Stansted

Sony chief executive stands down

Sony announces that chief executive Sir Howard Stringer is to step down on 1 April, to be replaced by vice president Kazuo

Criticism over Goodwin ‘hysteria’

Figures from the business world hit out at a decision to strip former Royal Bank of Scotland boss Fred Goodwin of his

Disney acquires Indian media firm

Disney’s expansion plans in India receive a big boost as it agrees to acquire a controlling stake in media firm

China data shows slowing demand

The demand for Chinese exports falls as global economic uncertainty continues to hurt consumer

Hong Kong unveils relief measures

Hong Kong unveils measures worth nearly $10bn (£6.5bn) to help local residents and businesses prepare for a “difficult

Spain’s economy contracts by 0.3%

The Spanish economy shrank by 0.3% in the fourth quarter of 2011, amid expectations that Spain will fall into recession this

France cuts 2012 growth forecast

France cuts its growth forecast for this year to 0.5% from 1% to “take into account the deterioration of the economic

Football spending sees sharp fall

English Premier League football clubs spent about 70% less in the January transfer window than they did last year, according to