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The Economist

World Business News: BBC Business News

HP sales fall short of forecasts

Computer firm Hewlett-Packard sees a drop in first-quarter sales, as it attempts to turn itself around under new chief executive Meg Whitman.

VIDEO: British shoe company flourishing

As Budget day looms Steph McGovern asks Peter Taylor the Managing Director of Hotter Shoes, what he would like to see the Chancellor do to help UK…

Nigeria rig 'may burn for months'

A gas-fuelled fire, with flames as high as 5m, may burn for months in waters off the Niger Delta in south-east Nigeria, a Chevron spokesperson tells…

AUDIO: Work experience is 'slave labour'

Estelle Cooch from the Right To Work protest group says the government's work experience scheme is 'slave labour'.

Obama seeks US corporate tax cut

US President Barack Obama is to propose a cut in corporate tax and an end to tax loopholes, as part of his election-year strategy on the economy.

Wall Street Journal

Deep Reform Urged in China

China could face an economic crisis unless it implements deep reforms, according to a report by the World Bank and a Chinese government think tank,…

Asian Companies Rush to Borrow

Asian companies are tapping bond markets at a record pace, worried that the euro-zone crisis may deepen and make it impossible for them to secure…

Obama Seeks 28% Corporate-Tax Rate

The Obama administration proposed an overhaul of U.S. corporate taxes that would lower the maximum rate companies pay while eliminating scores of…

Pressure Is on China to Alter Strategy

Europe's debt crisis and slow growth around the world have raised serious questions for China this year. Liu Mingkang, former China Banking…

Indonesia Needs Port Upgrade, Minister Says

Indonesia needs to move quickly to expand and modernize its ports to keep up with a recent increase in exports and imports generated by the…

FT Business News

Israel eyes break-up of conglomerates

Panel appointed by the government recommends splitting holdings in a move that would force tycoons to divest assets worth billions of dollars

Morgan Stanley veterans plan Wall Street raid

Former senior managing directors at bank launch advisory boutique to tap expertise left disaffected by falling and restricted bonuses

UK and Japan warn Volcker rule poses threat to recovery

Restrictions on US banks could hit sovereign debt market at key moment in recovery, say UK and Japanese leaders

Germany fights eurozone firewall moves

Steffen Seibert, spokesman for Angela Merkel, insisted that Berlin saw no need to increase the size of the €500bn European Stability Mechanism

West dismayed at failure of IAEA talks in Iran

The failure of talks between Iran and the IAEA over Tehran’s nuclear programme has triggered dismay among western powers

Canon Cuts Outlook on Thai Floods

Google Buys Motorola