News

BBC Business News
Need to cut deficit 'supported' - Many people are in favour of reducing the deficit but they are less clear about where cuts should be made, a BBC poll suggests.
BP well 'poses no further risk' - The official in charge of cleaning up the Gulf of Mexico oil spill says the well which caused the damage is no longer a risk to the environment.
Six million facing new tax bills - HM Revenue and Customs says some 1.4 million people each owe about £1,500 in tax, while 4.3 million will get an average rebate of £418.
Rovers takeover man left UK debts - The Indian businessman hoping to buy Blackburn Rovers, Ahsan Ali Syed, left a trail of debt from his time in the UK, 5 live Investigates reveals.
UN calls special food price talks - The United Nations' food agency calls a special meeting of policy makers to discuss the recent rapid rises in food prices.
Security stepped up at Kabul Bank - Armed police are posted outside the main branch of Kabul Bank as customers continue to withdraw money amid fears it may collapse.
Petrobras files $65bn share offer - The Brazilian state oil company, Petrobras, unveils plans to sell up to $64.5bn of new stock, in one of the world's largest share offers.
HSBC threatens to quit London HQ - HSBC may quit its London headquarters if the UK government decides to break up big banks, a senior executive says.
Bank customers in 'dire poverty' - Banks are accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
Industry fears over cheaper coins - Vending machine companies warn cheaper "steel" 5p and 10p coins being considered by the Treasury could cost the industry millions of pounds.
Shift in home loan availability - The cost of mortgages is continuing to fall and they are becoming more accessible to some borrowers, figures show.
Nigerian economy 'to grow by 10%' - Nigeria's economy will hit double-digit growth by the end of 2011 or early 2012, the country's finance minister says.
US sees 54,000 jobs go in August - The US economy shed another 54,000 jobs in August, the third month in a row that jobs have been lost, official figures show.
UK builders and services falter - New data shows new construction orders contracted in the second quarter, while the services sector slowed sharply in August.
'Big drop' in alcohol consumption - Alcohol consumption has fallen faster than ever, figures from the British Beer and Pub Association suggest.
Four power firms face sales probe - Four of the "big six" UK energy suppliers are to be investigated amid concerns of mis-selling to customers, the regulator says.
House prices fall again in August - House prices fell for the second month in a row in August, according to the Nationwide building society.
Plans for more £5 notes in ATMs - All banks and building societies have put in place plans to begin dispensing £5 notes from the cash machines, a report reveals.
Russia extends grain export ban - Russia will consider lifting its grain export ban only after the next year's harvest has been reaped, Vladimir Putin says.
ECB ups eurozone growth forecasts - The European Central Bank raises its forecast for eurozone growth for this year and next year, and keeps interest rates on hold.
Mozambique prices 'irreversible' - The government of Mozambique says price rises which have led to deadly riots are "irreversible", as Maputo residents are urged to continue their protests.
Chinese consider rival Potash bid - Chinese investors approach Canadian pension fund over a possible rival bid for the fertiliser giant Potash Corporation.
Andean gold in $3bn bidding war - Rival Canadian gold mining companies, Goldcorp and El Dorado, lock horns in a $3bn fight to buy up Andean Resources.
Burger King is sold for $3.26bn - Burger King is being sold to private equity firm 3G Capital in a deal valued at $3.26bn (£2.1bn), it has been announced.
Delhi loses patience with Commonwealth Games - The Commonwealth Games were meant to showcase Delhi, but the Indian capital is struggling to be ready on time amid accusations of poor planning, reports the BBC's Geeta Pandey.
Hawk-Eye firm lined up for sale - The British company behind the Hawk-Eye ball-tracking technology used in tennis and cricket is to be put up for sale.
Premier League spending tumbles - Spending by English Premier League clubs in the summer transfer window has tumbled 22% from last year, a report says.
Need to cut deficit 'supported' - Many people are in favour of taking steps to reduce the government deficit but they are less clear on where spending should be cut, a poll commissioned by the BBC suggests.
Tourism near the Gaza border - At the Zikim Kibbutz, near Ashkelon in southern Israel, tourists come in to see what life is like living just a short distance from the Gaza border.
Cairo literary business booming - Egypt's literary scene is thriving, with a new generation of writers and poets taking advantage of an increasing number of small publishers and social networking sites to get their work noticed.
Banks leave customers in 'poverty' - High Street banks have been accused of leaving some customers in "dire poverty" after taking money out of their accounts without permission.
Wrong tax bill for millions in UK - Almost six million people in the UK have paid the wrong amount of income tax in the past year, with some facing a bill of up to £1,400 - although others can expect a rebate.
Shopping malls: saviour or curse? - Meadowhall in Sheffield was one of the first giant shopping centres in the UK. What sort of effect has it had on the local area?
3D cameras and web TVs on show - Rory Cellan-Jones tries out 3D video equipment and looks at the latest ultra thin and bright OLED TVs.
Travel compensation and charges - Travel expert Simon Calder has more advice for people doing battle with airlines and agents.
Past is the future - The lacemaking factory going back to traditional methods to survive
Massive Mini - How far can BMW stretch the brand before it snaps?
Starting up - How Silicon Valley's 'rich ecology' works
Merger mania - Banks benefit, but what about the real economy?
Rush to buy - Fear sparks stockpiling of food in Russia as prices soar
Expert views - Economists remain divided over the merits of spending cuts
Stock market gloom - August was tough, but there were glimmers of hope

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