Today's letter from the Editor
Today's Matrices
iJobs Job Widget
iJobs General

Recruitment Genius: Customer Service Advisors

Negotiable: Recruitment Genius: This winner of the best new business in Shrops...

Recruitment Genius: Customer Service Manager

Negotiable: Recruitment Genius: This winner of the best new business in shrops...

Recruitment Genius: Account Manager - Email Marketing Services

£18000 per annum: Recruitment Genius: This company are looking for a highly or...

SThree: Trainee Recruitment Consultant - Manchester

£18000 - £23000 per annum + competitive: SThree: Trainee Recruitment Consultan...

The Business Matrix: Saturday 22 December 2012

ArcelorMittal cuts European value

The world's largest steel maker, ArcelorMittal, is slashing the value of its European business by about $4.3bn(£2.7bn) due to the eurozone's economic woes. ArcelorMittal said that steel demand has fallen by about 8 per cent in Europe this year, adding to the problems the industry is already facing from long-term excess production capacity.

Bombardier wins carriage contract

The Derby-based Bombardier has won a government-backed deal to make 40 new carriages for the rail company Southern. It comes a year after the Department for Transport was criticised for choosing German rival Siemens over Bombardier as preferred bidder for the £1.4bn Thameslink rail contract.

Mobile makers reach patent pact

The phone makers Nokia and Research In Motion (RIM) have settled their patent dispute as the two fallen former darlings of the mobile industry focus on trying to recover lost ground. Nokia will receive an undisclosed one-off sum from RIM, the BlackBerry maker, in return for letting the Canadian company use its patents.

All smiles again at Cathay Pacific

Anyone flying with Cathay Pacific this Christmas will be greeted with a smile after all, after cabin crew called off unusual planned industrial action. Staff on Asia's largest airline were to withhold food, alcohol and smiles from passengers in a "work-to-rule" dispute over pay and conditions.

It pays (better) to be a boss in the UK

CEOs at top UK companies are paid more than their peers in other leading European countries, according to Vlerick Business School in Belgium. The study looked at all listed companies in the UK, Belgium, France, Germany and the Netherlands.

BT fined £95m for overcharging

BT has been hit with a £95m bill by the communications regulator, Ofcom, for overcharging rival telecoms providers for access to its network. Ofcom said BT had overcharged BSkyB, TalkTalk, Virgin Media, Verizon and Cable & Wireless Worldwide (now owned by Vodafone), for supplying "wholesale ethernet services" up to 2011.

BAE and Oman agree £2.5bn deal

BAE Systems, the aerospace giant, received a much-needed boost yesterday after agreeing a £2.5bn contract with Oman for Typhoon and Hawk military aircraft that will safeguard 6,000 jobs. This came two days after issuing a profits warning on the back of ongoing delays with a key contract with Saudi Arabia.

AkzoNobel denied Metlac takeover

Dutch paint-and-chemicals maker AkzoNobel was yesterday banned from taking over rival Metlac on the grounds that it would give it a dominant position in the UK market for beer- and drinks-can coatings. AkzoNobel already owns 49 per cent of Metlac as a result of its 2008 takeover of ICI.

Obama in 'fiscal cliff' pledge

US President Barack Obama is "hopeful" that a solution will be found to avoid the "fiscal cliff" of tax rises and spending cuts. The President pledged to work with Congress to strike a deal ahead of a 1 January deadline. Earlier, Republicans in Congress rejected a tax hike on high earners.

Fifth person is charged by FSA

The City regulator has charged a fifth person in its biggest investigation into insider trading in history. Richard Baldwin, 46, was charged by the Financial Services Authority earlier this week following an investigation codenamed Operation Tabernula.

Latest stories from i100
Career Services

Day In a Page

Revealed: Why Mohammed Emwazi chose the 'safe option' of fighting for Isis, rather than following his friends to al-Shabaab in Somalia

Why Mohammed Emwazi chose Isis

His friends were betrayed and killed by al-Shabaab
'The solution can never be to impassively watch on while desperate people drown'
An open letter to David Cameron: Building fortress Europe has had deadly results

Open letter to David Cameron

Building the walls of fortress Europe has had deadly results
Tory candidates' tweets not as 'spontaneous' as they seem - you don't say!

You don't say!

Tory candidates' election tweets not as 'spontaneous' as they appear
Mubi: Netflix for people who want to stop just watching trash

So what is Mubi?

Netflix for people who want to stop just watching trash all the time
The impossible job: how to follow Kevin Spacey?

The hardest job in theatre?

How to follow Kevin Spacey
Armenian genocide: To continue to deny the truth of this mass human cruelty is close to a criminal lie

Armenian genocide and the 'good Turks'

To continue to deny the truth of this mass human cruelty is close to a criminal lie
Lou Reed: The truth about the singer's upbringing beyond the biographers' and memoirists' myths

'Lou needed care, but what he got was ECT'

The truth about the singer's upbringing beyond
Migrant boat disaster: This human tragedy has been brewing for four years and EU states can't say they were not warned

This human tragedy has been brewing for years

EU states can't say they were not warned
Women's sportswear: From tackling a marathon to a jog in the park, the right kit can help

Women's sportswear

From tackling a marathon to a jog in the park, the right kit can help
Hillary Clinton's outfits will be as important as her policies in her presidential bid

Clinton's clothes

Like it or not, her outfits will be as important as her policies
NHS struggling to monitor the safety and efficacy of its services outsourced to private providers

Who's monitoring the outsourced NHS services?

A report finds that private firms are not being properly assessed for their quality of care
Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

Zac Goldsmith: 'I'll trigger a by-election over Heathrow'

The Tory MP said he did not want to stand again unless his party's manifesto ruled out a third runway. But he's doing so. Watch this space
How do Greek voters feel about Syriza's backtracking on its anti-austerity pledge?

How do Greeks feel about Syriza?

Five voters from different backgrounds tell us what they expect from Syriza's charismatic leader Alexis Tsipras
From Iraq to Libya and Syria: The wars that come back to haunt us

The wars that come back to haunt us

David Cameron should not escape blame for his role in conflicts that are still raging, argues Patrick Cockburn
Sam Baker and Lauren Laverne: Too busy to surf? Head to The Pool

Too busy to surf? Head to The Pool

A new website is trying to declutter the internet to help busy women. Holly Williams meets the founders