Category Archives: Business

BP sale of Argentinian assets collapses

The deal by BP to sell off its Argentinian assets has fallen through after the partner withdrew from the deal. BP wanted to sell it’s stake in Pan American Energy (PAE) to their partner Bridas Energy Holdings in Argentina. BP … Continue reading

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Samsung profits down 23% in 2011 Q3

Samsung, the large technology company, has seen its profits fall 23%, despite good sales of it’s smartphones and strong growth of the mobile phone business. However, Samsung do not just sell phones and their memory chip side of the business … Continue reading

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Bill Gates still tops Forbes American Rich List

Bill Gates, the found of computer software firm Microsoft, has remained top of the Forbes list of rich Americans. Gates is now $20bn richer than Warren Buffet who is second on the list. Bil Gates’ fortune grew by $3bn in … Continue reading

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GDP growth in India slows to 7.7%

The Indian economy grew 7.7% in Q2 (April to June) of 2011, compared to the same time period last year. The figure was better than many analyst had predicted but was India’s weakest growth in six quarters. The GDP growth … Continue reading

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BMW reveal electric car divison

BMW, the German car maker, have revealed it’s branch into electric cars. They have named the division BMWi. They announced two cars, the BMW i3 and the BMW i8. The i3 is a small car perfect for the city and … Continue reading

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