India says no to emission reduction

India’s minister for environment and forests Jairam Ramesh has ruled out the country’s agreeing to specific targets for reducing carbon emissions. “There is simply no case for the pressure that we [India] — who have among the lowest emissions per capita — face to reduce emissions,” Ramesh told visiting US Secretary of State Hillary Clinton [...]

Vodafone May Bid for Deutsche Telekom’s U.K. Unit

Vodafone Group Plc, the world’s largest mobile-phone company, is considering a bid for T-Mobile UK Ltd., the British wireless unit of Deutsche Telekom AG, a person familiar with the situation said. Newbury, England-based Vodafone may make an offer or form a joint venture, said the person, who asked not to be identified because the discussions [...]

European June Retail Sales Decline for 13th Month, PMI Shows

European June Retail Sales Decline for 13th Month, PMI Shows By Jurjen van de Pol European retail sales declined in June for a 13th month as the region’s worst recession in more than half a century and rising unemployment curbed household spending, the Bloomberg purchasing managers index showed. The measure of euro-region sales rose to [...]

China Allows Trade Settlement in Yuan in Hong Kong

China approved use of yuan to settle cross-border trade with Hong Kong, part of a drive to broaden the use of the currency and reduce reliance on the U.S. dollar. Hong Kong Monetary Authority Chief Executive Joseph Yam said he hopes the first transactions will start next month after signing an agreement with People’s Bank [...]

T-Mobile to sell new Google phone in August

T-Mobile USA will begin selling a new smartphone using Google Inc’s Android operating software in August, facing off against high-end devices such as Apple’s latest iPhone and the Palm Pre. T-Mobile, an arm of Deutsche Telekom and the No. 4 U.S. mobile service, said the myTouch 3G phone is a slimmer and more advanced version [...]

Nokia Siemens hopes to close Nortel deal by Q3

Nokia Siemens Networks (NSN) said on Monday it hopes to close its $650 million acquisition of Nortel Networks’ advanced wireless technology business by the third quarter of this year. Nokia Siemens Chief Executive Simon Beresford-Wylie told reporters in a conference call that the deal would be accretive and cash positive but did not provide any [...]

Apple sells more than 1 million iPhone 3GS

Apple Inc said it had sold more than 1 million of its newest iPhone in the first three days of launch, beating analysts’ expectations for the 3GS smartphone’s debut. The statement from Apple also included a quote from Chief Executive Steve Jobs, leading at least one analyst to speculate that this meant he was back [...]

Prosecutors: Sentence Madoff without delay

A judge should not delay Bernard Madoff’s sentencing even though investigators have yet to determine how much money investors lost in the disgraced financier’s multibillion-dollar Ponzi scheme, prosecutors said. A fragmentary record of the activities of Madoff’s firm, some of it going back as far as 1979 and on microfilm that needs to be digitized, [...]

France wants replacement for Ariane 5 space launcher

France wants Europe to start looking into a space rocket launcher to replace Ariane 5 at some point between 2020 and 2025, President Nicolas Sarkozy’s office said on Saturday. The Ariane-5, which is billed as a cost-effective launcher for large satellites, has launched satellites for European telecoms operators, telescopes and scientific space observatories. But it [...]

Lukoil to Take 45% Stake in Dutch Refinery

Russia’s OAO Lukoil said Friday it will pay $725 million for a stake in a Dutch refinery owned by France’s Total SA, blocking a bid for the holding from Valero Energy Corp. The move is the latest in a series of deals signaling Russian energy companies’ push to strengthen their positions in the European market. [...]

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