March salaries sent to CBL, announced Ministry of Finance

The Finance Ministry in the Salvation Government, Tripoli, said it sent the salary payment orders to the Central Bank of Libya Monday. The ministry explained that the salaries amounted to more than 1 billion and a half dinars, all…

Man pays nearly £2 million tax bill in pennies

A furious property decided to pay his £1,851.94 council tax bill in pennies after devising a method to pay in the most inconvenient way possible. Russell Skellett thought he did not have to pay council tax for two houses he bought…

Yahoo to separate its Alibaba stake, reports confirmed

The US internet firm Yahoo has confirmed it is looking at "strategic alternatives" for its business - including splitting off its stake in Chinese online retailer Alibaba. Yahoo said it is setting up a committee to look into how the…

Biggest annual loss for BP oil group in 20 years

The Guardian BP is to cut another 3,000 jobs after reporting a loss of $6.5bn, its worst annual loss in at least 20 years. The latest job cuts are in addition to the 4,000 job cuts already announced. The group also said it has set…

Rolls-Royce wins billions worth Norwegian deal

BBC Rolls-Royce has announced a $2.7bn (£1.9bn) order to manufacture and service Boeing 787 Dreamliner engines for the airline, Norwegian. It will provide its Trent 1000 engines for 19 new Dreamliners. Today's deal is some welcome…

Apple turns to India after weakened Chinese demand

Reuters As China sales show signs of cooling, Apple Inc(AAPL.O) is touting India's appetite for iPhones, betting that rising wages and an expanding middle class will pull consumers away from the cheap alternatives that…

Iran, China in closer ties as sanctions got lifted

BBC Iran and China have pledged closer economic and political ties after talks in Tehran between the two presidents. China's Xi Jinping is one of the first world leaders to visit Iran since international sanctions were…

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