Jangir Bektemissov

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Sir Philip Green sells BHS for £1

Sir Philip Green has offloaded BHS, the department store chain he bought for £200m at the turn of the century, for just £1 — drawing a line under the …

Mergers & Acquisitions
Auto Insurance
App Store

Risks high as Microsoft passes cloud milestone

Microsoft has just passed a milestone in its business overhaul for the cloud computing age. As this year closes, it has become the biggest seller of …

Wall Street

UK turns into nation of online shoppers

Britain spends more money online per head than any other developed country but the love affair with social media may be on the wane, according to …


View: China’s banks face disruption

Increasing online competition in the banking sector is shaking up traditionally staid business models around the world. But for Chinese banks – …

Interest Rates

US oil producers can’t kick drilling habit

You would think, what with the recent oil price crash, the people who finance US oil and gas producers would have learnt their lesson. But not yet. …

Oil & Gas Industry

Lower oil prices cut two ways for US economy

When US petrol prices halved in the autumn of 2008 it was the most timely and effective consumer stimulus of the whole financial crisis. Now the …


Net neutrality: Strife in the fast lane

The Bradley family’s beaten-up green minivan was a common sight in the parking lot of their local McDonald’s. But they were not there for Big Macs …

Net Neutrality
Stock Markets

Amazon web services: prodigal sums

Amazon’s shares have had a bad year. If Jeff Bezos wants to fix this, he need only utter these words: “Amazon’s retail and web services operations …

Cloud Computing

Restaurant Group slowed by ‘bump in road’

Shares in Restaurant Group fell nearly 4.5 per cent on Friday, after the group – which owns the Garfunkel’s and Frankie & Benny’s chains – reported …

Oil & Gas Industry

China’s growth in danger of slowing more sharply

China’s cooling economy has already roiled global commodity markets and prompted slowdowns in places such as Latin America, Australia and Germany …


Afren shares plunge as oil production comes in below Q3 forecasts

Afren said it was evaluating the need to restate historic financial information after the Nigeria-focused oil producer completed an independent …

Oil & Gas Industry

BHP puts gas asset up for sale as it finetunes US shale business

BHP Billiton has put part of its US shale interests up for sale while insisting that the remainder of its American fracking assets can emerge as a …

Oil & Gas Industry

Mohamed El-Erian backs peer-to-peer lender Payoff

Mohamed El-Erian, the former Pimco chief executive, is moving into the peer-to-peer finance industry after agreeing to take an equity stake in a new …


Oil gush keeps prices low as fear is high

Something had to give, and that something has proved to be the oil price. Its dramatic 20 per cent plunge reflects the reality of a new era in world …


Twitter’s top team is being transformed

Dick Costolo, Twitter’s chief executive, has transformed the San Francisco-based company’s management in recent months with one goal: to get 1bn …

San Francisco

Rio Tinto defends expansion strategy as iron ore output surges

Rio Tinto reported a 12 per cent increase in iron ore production in the third quarter and defended its controversial expansion strategy, insisting it …

Western Australia

Glencore’s ambitions have global implications

Since floating Glencore on the stock market three years ago, Ivan Glasenberg has made little secret of his ambition to dominate the commodities world.<p>…

Stock Markets

Emerging markets enter slow growth era

Growth in emerging markets is slowing to its lowest ebb since the aftermath of the financial crisis due to a combination of China’s fading dynamism, …


Facebook’s Mark Zuckerberg plays the long game in India

Facebook’s founder Mark Zuckerberg outlined his growth plans for India on Thursday – by barely mentioning Facebook.<p>The US-based social network …

Social Media

Line drawn to mobile payments after IPO delay

First, they want you to text. Then, they want you to spend.<p>Makers of smartphone messaging apps have been rushing to move into mobile commerce and, on …


British youngsters switching from TVs to tablets

British children are turning away from bedroom television sets and switching to watching their favourite shows on tablet computers instead.<p>The annual …

Social Media

Cheap natural gas and emission rules darken future of US coal

“There’s nothing tougher in this job than looking a good man or woman in the eye and saying, ‘Because of nothing you’ve done, we’ve got nothing for …

Fossil Fuels

NBA lines up $24bn TV deal as demand for live sports escalates

The National Basketball Association has lined up a new nine-year TV contract with Walt Disney and Time Warner totalling $24bn – more than three times …

Time Warner

Icahn calls on Apple to step up share buybacks

Billionaire investor Carl Icahn has called on Apple to increase its share buy-back programme, claiming that the world’s largest company is …