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1.1 million face £100 tax fines

BBC News — Fri, 03 Feb 2012 17:53:38 +0000

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 says.(read article…)

How to build an empire out of a bikini

BBC News — Fri, 03 Feb 2012 17:53:37 +0000

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 brands.(read article…)

Financial risks: Danger or opportunity?

BBC News — Fri, 03 Feb 2012 17:53:36 +0000

During a financial crisis the instinctive reaction is to take cover but, according to some people, that is the perfect time to take risks.(read article…)

What drives US entrepreneurship?

BBC News — Fri, 03 Feb 2012 17:53:35 +0000

What is the secret behind the high number of successful business start-ups in the US? We talk to three American business people.(read article…)

Olympics ‘boosting’ Scots tourism

BBC News — Fri, 03 Feb 2012 17:53:33 +0000

Tourist bookings for visits to Scotland around the time of the London Olympics are rising, it is claimed.(read article…)

India’s richest shrine goes green

BBC News — Fri, 03 Feb 2012 17:53:33 +0000

India’s Tirupati Temple has adopted a range of green technologies – and the shrine is now trading carbon credits.(read article…)

Redknapp lies ‘extremely telling’

BBC News — Fri, 03 Feb 2012 17:53:32 +0000

Harry Redknapp’s admission of lying to a News of the World reporter is “extremely telling”, a court is told.(read article…)

Score draw in TV football case

BBC News — Fri, 03 Feb 2012 17:53:31 +0000

The Premier League and the importers of foreign satellite TV decoder boxes and cards are both claiming victory after their latest court battle(read article…)

Air India asked to pay fuel bill

BBC News — Fri, 03 Feb 2012 17:53:30 +0000

Air India assures it will pay its dues for jet fuel to three state-owned oil firms by Friday after its fuel supplies are cut.(read article…)

China miner gets gold price boost

BBC News — Fri, 03 Feb 2012 17:53:29 +0000

Chinse mining group Zijin says it expects a 20% jump in profits for 2011 boosted by higher gold prices during the year.(read article…)

Cold front ad for Mini backfires

BBC News — Fri, 03 Feb 2012 17:53:27 +0000

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 backfires.(read article…)

Pilkington to close one UK line

BBC News — Fri, 03 Feb 2012 17:53:26 +0000

Japanese glass manufacturer Nippon Sheet Glass says it will close one of its three UK production lines as it cuts costs.(read article…)

UK recession looms, says report

BBC News — Fri, 03 Feb 2012 17:53:25 +0000

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 Research.(read article…)

Hutchison to buy Orange Austria

BBC News — Fri, 03 Feb 2012 17:53:24 +0000

Hong Kong’s Hutchison 3G agrees to buy Orange Austria in a bid to expand it presence and boost market share in the country.(read article…)

Interest rate ‘collusion’ probe

BBC News — Fri, 03 Feb 2012 17:53:23 +0000

Swiss authorities investigate 12 US, European and Japanese banks over claims they have been fixing their interbank lending rates.(read article…)

BT cuts costs to increase profits

BBC News — Fri, 03 Feb 2012 17:53:23 +0000

Telecoms group BT reports a sharp rise in profits, thanks largely to a jump in the number of broadband users.(read article…)

Uganda signs oil production deal

BBC News — Fri, 03 Feb 2012 17:53:22 +0000

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 firms.(read article…)

Service sector sees strong growth

BBC News — Fri, 03 Feb 2012 17:53:21 +0000

The UK’s service sector grew at its fastest rate since March 2011 in January, according to a closely watched survey.(read article…)

Panasonic predicts a record loss

BBC News — Fri, 03 Feb 2012 17:53:20 +0000

Japanese electronics giant Panasonic forecasts a record net annual loss of $10bn for the year to March.(read article…)

Eurozone service sector growing

BBC News — Fri, 03 Feb 2012 17:53:19 +0000

The eurozone’s service sector grows for the first time in four months, although Spain and Italy continue to struggle.(read article…)

MPs reverse Lords welfare defeats

BBC News — Thu, 02 Feb 2012 09:13:28 +0000

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 payments.(read article…)

BAA loses Stansted sale appeal

BBC News — Thu, 02 Feb 2012 09:13:27 +0000

Airport operator BAA loses its latest challenge against a competition ruling that it must sell Stansted airport.(read article…)

Sony chief executive stands down

BBC News — Thu, 02 Feb 2012 09:13:27 +0000

Sony announces that chief executive Sir Howard Stringer is to step down on 1 April, to be replaced by vice president Kazuo Hirai.(read article…)

Criticism over Goodwin ‘hysteria’

BBC News — Thu, 02 Feb 2012 09:13:26 +0000

Figures from the business world hit out at a decision to strip former Royal Bank of Scotland boss Fred Goodwin of his knighthood.(read article…)

Disney acquires Indian media firm

BBC News — Thu, 02 Feb 2012 09:13:24 +0000

Disney’s expansion plans in India receive a big boost as it agrees to acquire a controlling stake in media firm UTV.(read article…)

China data shows slowing demand

BBC News — Thu, 02 Feb 2012 09:13:24 +0000

The demand for Chinese exports falls as global economic uncertainty continues to hurt consumer confidence.(read article…)

Hong Kong unveils relief measures

BBC News — Thu, 02 Feb 2012 09:13:23 +0000

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

Spain’s economy contracts by 0.3%

BBC News — Thu, 02 Feb 2012 09:13:22 +0000

The Spanish economy shrank by 0.3% in the fourth quarter of 2011, amid expectations that Spain will fall into recession this year.(read article…)

France cuts 2012 growth forecast

BBC News — Thu, 02 Feb 2012 09:13:21 +0000

France cuts its growth forecast for this year to 0.5% from 1% to “take into account the deterioration of the economic situation”.(read article…)

Football spending sees sharp fall

BBC News — Thu, 02 Feb 2012 09:13:20 +0000

English Premier League football clubs spent about 70% less in the January transfer window than they did last year, according to Deloitte.(read article…)