Business News

Gas 'Blow-Out' Kills Man At East Cleveland Mine

The emergency services and the mine's rescue team are working at the scene following the blast in the early hours of Friday.A man has been killed after a "sudden and powerful release of gas" at one of Europe's deepest mines.The mine in Boulby,…

YouTube is built on the back of stolen content says Trent Reznor

Nine Inch Nails’ Trent Reznor is the latest artist to join the music industry’s war of words with YouTube, attacking Google’s video service over the role it plays for musicians.“I find YouTube’s business to be very disingenuous. It is built on the backs of…

PlayStation boss 'surprised' by Xbox Scorpio announcement

Andrew House says PlayStation 4 Neo console isn’t ready to show off yet and Sony will wait until there is enough content to illustrate its benefitsSony will not show the updated PlayStation 4 Neo console until there is enough content available to illustrate the…

Poundland profits crash as 99p Stores buyout takes its toll

Cut-price retailer blames red tape for decline in sales of its rival before it was bought out as South African company weighs up takeover bidPoundland, which faces a possible takeover bid from the South African conglomerate Steinhoff, has reported a sharp fall in profits,…

Amazon Employees steal Rs 10 lakh worth Mobiles

Employees of the e-Commerce major Amazon have allegedly stolen mobile phone worth about Rs 10.37 lakh from the company godown in Thane, Maharashtra. A complaint has been lodged by Amazon on May 22nd at the Padgha police station. It was mentioned that five contract employees…

Apple Reports First iPhone Sales Decline

Quarterly revenue declines for the first time since 2003 as iPhone sales weaken amid stiff competition. Apple has reported a decline in iPhone sales for the first time, forcing down quarterly revenues and increasing pressure on the company.The world's most valuable firm by market…

China Reiterates 'Rights' Over Disputed Island

China's defence ministry sent us their response by fax.We had asked whether they could confirm reports they had deployed surface-to-air missiles to a disputed island in the South China Sea."The Xisha Islands are China's inherited territory," came the reply, using China's name for…

Toyota To Recall Nearly 3 Million Cars

Toyota, the world's biggest-selling car maker, is to recall 2.87 million cars globally due to a seatbelt fault.The Japanese firm said the global recall involved its RAV4 SUV model produced between July 2005 and August 2014.The recall includes 1.3 million vehicles in North…

India to increase oil imports from Africa

India is looking at raising crude oil imports from Africa as part of efforts to diversify sourcing of energy and reducing dependence on the Middle East, Oil Minister Dharmendra Pradhan said today.India is looking at raising crude oil imports from Africa as part of…

Gold price climb tames buying in China, blunts demand in India

Physical gold demand in Asia slowed this week as prices rose, curbing seasonal buying in China ahead of the Lunar New Year holiday and moving Indian offers to a discount.Physical gold demand in Asia slowed this week as prices rose, curbing seasonal buying in…

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