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News headlines and stories updated 4 times daily. Click one of the links above to access the section you wish to view, or click one of the headlines below to view that article. Articles open in a new window so you always have access to this headlines page.

US GDP rebounds with 3.3% growth
The US economy grew 3.3% in the second quarter of 2008, the Commerce Department said, much higher than first thought.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Diageo expects 'challenges' ahead
Diageo, owner of Guinness and Johnnie Walker, says it faces a "challenging" market after seeing little change in annual profits.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

China's CNPC seals $3bn Iraq deal
China's state-oil firm CNPC has agreed a $3bn (£1.63bn) oil services contract for Iraq, the first by a non-US firm.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Czech firm plans giant wind farm
Czech power firm CEZ is to build what it says will be Europe's largest onshore wind farm, in a £1.1bn-euro project.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Hurricane fears raise oil prices
The cost of crude rises for a fourth straight day on fears that Tropical Storm Gustav may disrupt oil production.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Executive shake-up at Fannie Mae
The US mortgage giant announces a shake-up of top executives in an attempt to restore confidence.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Airline goes into administration
Transatlantic budget carrier Zoom Airlines admits it is applying to go into administration after two of its flights are grounded.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

US backs international standards
US firms could have to use international accounting standards by 2014, under a proposal put forward by the SEC.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Toyota cuts car sales forecasts
Japanese carmaker Toyota cuts its vehicle sales forecast for next year by nearly 7% as Western demand softens.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Rising costs biting for chocolate firms
More snack firms announce rising prices and smaller products in an effort to beat the credit crunch.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Banking revival
Is there scope for Spanish firms to beat the trend?
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

New oil
As Brazil finds new oil reserves, where will the profits go?
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

American dream?
Workers fail to benefit from economic growth
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Russian bear
How UK could be affected if tensions with Russia grow
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Illegal workers
Why illegal immigration is a hot US election issue
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Ghost town
Boom turns to bust for Spain's property market
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

UK retail sales 'at record low'
A CBI report on UK retail sales posts its worst monthly reading since it was first compiled 25 years ago.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

British workers 'fear job losses'
More than one in 10 British workers fear they will lose their job in the next year because of the economy, the TUC says.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Hovis maker sees debt level rise
Hovis-maker Premier Foods has seen its profits fall and debt level rise in the first half of the year, on higher raw material prices.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Profits tumble at retailer Sears
US retail group Sears reports a 62% drop in second-quarter profits after struggling to attract customers.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

African bank set for share issue
African regional banking group Ecobank plans the continent's biggest rights issue, to raise $2.5bn to fund its expansion.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Zimbabwe inflation rockets higher
Zimbabwe's rate of inflation surges above 11,250,000% as an economic crisis continues to grip the country.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Rise in US durable goods orders
New orders for long-lasting US manufactured goods rise by a surprise 1.4% in July, led by a big rise in aircraft sales.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Euro gains as dollar rally stalls
The dollar loses some ground against the euro, a day after hitting a six-month high against the single currency.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Japanese auto production picks up
Global output by Japan's top three carmakers picked up in July, reflecting strong demand despite the global economic slowdown.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Profits rise 51% at China Mobile
China Mobile, the world's largest mobile phone network, sees quarterly profits rise 51% thanks to strong subscriber growth.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Profits plunge at Credit Agricole
Credit Agricole reports a 94% fall in second-quarter profits after the bank is hit by a loss at its investment banking division.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

E.ON to cut 1,800 jobs in Germany
E.ON confirms it is cutting 1,800 sales jobs as it closes two-thirds of its German service centres.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Nepalese sue US company over Iraq
A Nepalese man and relatives of 12 others killed in Iraq four years ago sue American firm KBR on charges of human trafficking.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

UK bank gets Egypt investment
Panmure Gordon, the British stockbroker and investment bank, announces a large Egyptian bank will buy a share in its business.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

Indian oil firm to buy Imperial
India's biggest oil producer, ONGC, agrees to buy Imperial Energy for $2.6bn, but may face a bid battle.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

UK buy bolsters India's Infosys
Shares in Indian outsourcing firm Infosys rise after it says it has agreed to buy British consulting firm Axon.
BBC News............... Thursday, 28 August, 2008, 18:35 GMT

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