BREAKING NEWS

2008-01-15

Business

EMI to cut 2,000 jobs

Damaged by the digital revolution, British music company EMI has confirmed it is making major cuts. The new owner, Guy Hands, who heads private

Business

Nokia closing German plant

The world’s biggest mobile phone maker, Nokia of Finland, is planning to close its production plant in Bochum, north west Germany, by the middle of

Business

Citigroup losses mount

The biggest US bank, Citigroup, has revealed a massive quarterly loss due to writedowns from exposure to subprime mortgages and other risky debt