Baku may still sport all the signs of energy wealth, but, after an almost decade-long boom, the International Monetary Fund is cautioning that Azerbaijan's oil sector no longer has enough muscle to power economic growth alone.
Buckingham Palace defended Prince Andrew's globetrotting role promoting British business on Sunday after a newspaper sting appeared to show his former wife selling access to him for £500,000, offered by a reporter posing as a tycoon.
Yahoo and Nokia, two companies under pressure from increasingly forceful competitors Google and Apple, have struck a broad alliance to strengthen their mobile internet offerings, particularly in emerging markets.
(Reuters) - Britain's Duchess of York, caught on camera apparently offering to sell access to her ex-husband, UK trade envoy Prince Andrew, said on Sunday she was sorry for her "serious lapse in judgment."
Commerzbank is preparing for a withdrawal of German state support by asking shareholders to agree to a range of capital-raising measures, including a large minority stake in the bank being sold directly to another investor.
The investment arm of Dubai International Financial Centre, the emirate's tax-free financial district, reported a net loss of $562m for 2009 as it wrote down real estate and business investments in the emirate.
Dame Marjorie Scardino, chief executive of Pearson, told shareholders that the company had enjoyed its "best year" in spite of the challenging circumstances of 2009, as she also reported revenues up 12 per cent in the first quarter of 2010.
Barack Obama on Thursday moved to fill three remaining vacancies on the board of the Federal Reserve in an attempt to put his administration's stamp on the central bank at a key juncture for the US economy.