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BBC.com - Business

Fri, 16 May 2008 22:34:43 GMT

•	British Airways profits soar 45%
	British Airways reports a sharp jump in annual profits to £883m but its boss says he will not accept a bonus.

•	Home construction picks up in US
	Construction of new US homes increased in April, raising hopes that the housing market may be recovering.

•	Battle over new Bangalore airport
	A row breaks out over Bangalore's new international airport, as it gets ready to open on 23 May.

•	Oil edges towards $128 a barrel
	Oil prices hit a record approaching $128 a barrel for the first time on fresh worries about global supplies.

•	Bharti African talks 'continue'
	Indian mobile firm Bharti Telecom is in talks about buying South Africa's MTN, reports say.

•	GE to 'switch off' appliance unit
	US conglomerate General Electric is set to quit the household appliances market after 100 years.

•	US consumer confidence falls
	US consumer sentiment is now at its lowest level in almost 28 years, says a closely-watched survey.

•	GTA lifts US video game sales
	US sales of video game consoles and software were up 47% in April from a year ago, a research firm says.

•	CPI target to 'crucify' consumers
	Consumers will be "crucified" unless ministers change the target for fighting inflation, a leading economist warns.

•	WTO scrutinises US trade policy
	The US should lower trade barriers and grow exports to boost its economy, the World Trade Organization says.

•	Phones4U facing mis-selling probe
	Regulator Ofcom says it will spend six months investigating Phones4U over alleged mis-selling.

•	Water competition proposed
	Watchdog Ofwat is recommending that the water and sewerage sector be opened to competition.

•	Zimbabwe gets new $500m note
	Zimbabwe issues a Z$500m banknote, worth US$2, as the opposition calls for an emergency summit on the elections

•	US court allows apartheid claims
	The US Supreme Court clears the way for a lawsuit brought by apartheid victims against a number of firms.

•	US industrial output sees decline
	US industrial output fell 0.7% in April, after car and manufacturing industries cut production, figures show.

•	CBS buys tech news website
	Television company CBS agrees to buy online technology news and entertainment website CNET.

•	Chinese whispers fuel BHP shares
	Shares in the world's largest miner BHP Billiton rise on speculation about investment from China.

•	Exports bolster Japan's economy
	Japan's economy grew at a brisk annual rate of 3.3% in the first three months of 2008, official figures show.

•	Eurozone sees March trade deficit
	A strong euro and soaring oil prices create a surprise trade deficit across the eurozone in March.

•	Utility RWE profits fall by half
	Three month profit at the German utility RWE falls by 48.5%, hit by regulation, currencies and a write-down.

•	Oil price resumes its record run
	The oil price rises to a record high, picking up from last week when it set new records every day.

•	Oil price 'may hit $200 a barrel'
	The price of oil could soar to $200 a barrel in as little as six months, a report warns as crude passes $123.

•	Pakistan battles power shortages
	Pakistan is switching to daylight saving next month to help reduce the effects of power shortages.

•	Arcelor eyes emerging markets
	The world's largest steel company, Arcelor Mittal, predicts record demand from Asia and Africa.

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