Lewis Tearle

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Reddit CEO stepping down, co-founder Alexis Ohanian returning as executive chair

Reddit's CEO Yishan Wong is resigning, and departed co-founder Alexis Ohanian is coming back. In a blog post, Ohanian said that he would be returning to Reddit as executive chairman; <i>The New York Times</i> reports that he will be taking control of the site's marketing, strategy, and communications. …

Hachette and Amazon reach agreement for eBook sales

(Reuters) - Hachette Book Group and Amazon.com Inc said on Thursday they reached a multi-year agreement for e-book and print book sales after months of bitter fighting that pitted writers and publishers against the world’s largest online retail store.<p>New Amazon Kindle Fire HDX 8.9 Tablets are …

Lloyds to cut 1,250 jobs in insurance

Lloyds Banking Group is shedding 1,250 jobs as it cuts costs and changes the way it sells insurance products in its branches.<p>The cutbacks – described as devastating news by union officials – are the latest to take place at the 24% taxpayer-owned bank, which has already cut 45,000 roles since …

U.S. judge upholds BP 'gross negligence' Gulf spill ruling

(Reuters) - A U.S. judge weighing how much BP Plc (BP.L) should be punished for the 2010 Gulf of Mexico oil spill on Thursday refused to overturn his own finding that the oil company’s conduct was “grossly negligent.”<p>Oil from the Deepwater Horizon oil spill swirls in various colours in shallow …

David Cameron compares Russia to Nazi Germany on eve of Putin meeting

PM says that the world must 'learn the lessons of history' and be prepared to step up sanctions against Russia<p>David Cameron has compared Russia to Nazi Germany because of its actions in Ukraine on the eve of a tense meeting with Vladimir Putin.<p>Mr Cameron will on Saturday night challenge Mr Putin …

Russia

John Major warns allies they risk forcing Britain to leave EU

Sir John Major has issued a powerful warning to Britain’s natural allies across Europe that they risk forcing the UK out of the EU unless they agree to a series of reforms including restrictions on the free movement of people.<p>In a heartfelt plea to members of Angela Merkel’s CDU party in Berlin, …

US: Commitments made to reduce Jerusalem tensions

AMMAN, Jordan (AP) — Israel and Jordan have committed to a series of "specific and practical" steps to reduce spiraling tensions over Jerusalem holy …