Main News
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| A gas station employee refuels a vehicle at a Tokyo gas station |
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Oil price surges to record high above $127 |
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The price of oil rocketed to a record high point of 127.43 dollars per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said. |
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12:35 GMT
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| BA said net profit rose to 680 million pounds |
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BA earnings rise sharply despite soaring fuel costs |
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British Airways said Friday that its annual net profit more than doubled as it cut costs to help offset record high fuel prices while the group offered its first dividend in seven years. |
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11:00 GMT
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INSIDE BUSINESS NEWS TODAY |
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©US giant General Electric's (GE) chief executive officer, Jeff Immelt |
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GE mulls spinoff of appliance division
13:19 GMT |
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General Electric said Friday it has begun a strategic review of its appliance-making business that could involve a sale, spinoff or partnership with another company. |
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©Foreclosures are up by 65 percent compared with the same period last year |
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US housing starts jump 8.2% in April
12:50 GMT |
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US housing starts showed a surprisingly strong jump in April, signaling a glimmer of hope in the troubled housing market, government data showed Friday. |
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©British Energy' Sizewell B power station near Leiston, Suffolk, eastern England |
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©Two women enter the World Trade Organization (WTO) headquarters in Geneva |
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©Bangladesh has banned exports of rice for six months |
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