News

Shell saves $600m on gas deal with Repsol

Royal Dutch Shell has saved $600m (£362m) on a deal to buy rival Repsol’s liquefied natural gas assets in Trinidad, Peru and Spain. The supermajor had agreed to buy the portfolio for $4.4bn last February, but will now only be spending $3.8bn on Repsol’s LNG work outside of North America.

Peter Popham: In Italy, it takes more than talent to succeed

Two old friends of ours were back in Italy over the New Year. We hadn't seen them for years. A married couple, both brilliant designers, they are typical examples of how Italy wastes its native talent.

Slimmer Fiat hungry for a bigger chunk of Chrysler

Fiat could increase its stake in its US rival Chrysler to more than 50 per cent this year, the Italian automotive giant's chief executive, Sergio Marchionne, said yesterday.

Maserati duo claim first ever GT1 world championship

The Vitaphone Maserati duo of Michael Bartels and Andrea Bertolini claimed the first ever GT1 world championship yesterday afternoon by finishing ahead of the Young Driver Aston Martin pair of Darren Turner and Tomas Enge.

Fiat 500 Twinair

Price: £10,665
Top speed: 108mph 0-62mph 11 seconds
Consumption: 68.9mpg
CO2 emissions: 95g/km
Best for: Economy twinned with enjoyment
Also worth considering? BMW Mini, Ford Ka, Volkswagen Beetle

30 years on: Franco Rosso on why Babylon's burning

30 years ago this month the cult movie Babylon was released - giving a brutal insight into south London's West Indian community in the late 70s. Ahead of a planned sequel, <b>Miguel Cullen</b> speaks to director Franco Rosso to see how the city has changed in the subsequent years.

Chrysler: from bust to vroom

The American car giant, steered by Sergio Marchionne, has put a lot of road behind it in the 16 months since exiting bankruptcy. Stephen Foley reports

Business Diary: No room for sentimentality

Deutsche Bank analyst Marc Geall didn't mince his words as he downgraded his rating of Autonomy from buy to hold. "Autonomy has neglected [investment]" he warned this week, adding "with management not confronting the issues, future volatility is still a risk". Geall should know – his profile on social networking site LinkedIn reveals that before joining Deutsche in July, he spent three years working at Autonomy, latterly as its head of corporate strategy.

Business Diary: A handbrake turn from BSM

The buyers at the British School of Motoring just can't seem to make up their minds. A little over a year ago, BSM dumped Vauxhall, its long-time supplier of motors, in favour of Fiat. The decision rather made one question the "British" claim made by the company's name, a point it now seems to have accepted too. Yesterday, BSM announced that from 2011 onwards, it will be dropping Fiat and buying its instructors' cars from, wait for it, Vauxhall. U-turns all over the road in other words.

Fresh legal bid to force inquest into Kelly's death

A fresh legal bid to force an inquest into the death of Government scientist David Kelly is to be launched within the next few days, it was disclosed today.

Abarth 500c

Price: £17,500
Top speed: 128 mph 0-62mph 8.1 seconds
Consumption: 45.3 mpg
CO2 emissions: 151g/km
Best for: Fiat's bottom line
Also worth considering? Mazda MX-5, Mini John Cooper Works Convertible, Renault Wind

The enduring appeal of cars past

Do you secretly yearn to buy back your first car? It seems you are not alone, says David Wilkins

Chrysler's sales motor but losses continue

chrysler trimmed trimmed its losses from $197m (£124m) to $172m in the second quarter of the year, boosted by rising sales and steady cost-cutting efforts, the US car giant said yesterday.

Faithless tune in to new way to go 'prommercial'

It is being heralded as the first "prommercial" and will be proclaimed as the future of the music industry. It may also help rescue the tattered reputation of television advertising. Not bad for a 15-year-old British electronica band without a record label.

The Italian playground that's fighting for its soul

Forte dei Marmi's newest hotel looks like it belongs in Miami and its pricey villas are full of Russians. And yet this Tuscan resort is trying very hard to remain authentic, says Sarah Barrell

Fiat to sell Abarth 695 Tributo Ferrari for &pound;29,600

Emboldened by the good reception enjoyed by the sporty Abarth versions of its popular 500 model, Fiat is now gearing up to deliver 152 examples of a super-exclusive Ferrari branded variant to the UK market. The Abarth 695 Tributo Ferrari will sell for £29,600.

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
The Greek referendum exposes a gaping hole at the heart of the European Union – its distinct lack of any genuine popular legitimacy

Gaping hole at the heart of the European Union

Treatment of Greece has shown up a lack of genuine legitimacy
Number of young homeless in Britain 'more than three times the official figures'

'Everything changed when I went to the hostel'

Number of young homeless people in Britain is 'more than three times the official figures'
Compton Cricket Club

Compton Cricket Club

Portraits of LA cricketers from notorious suburb to be displayed in London
London now the global money-laundering centre for the drug trade, says crime expert

Wlecome to London, drug money-laundering centre for the world

'Mexico is its heart and London is its head'
The Buddhist temple minutes from Centre Court that helps a winner keep on winning

The Buddhist temple minutes from Centre Court

It helps a winner keep on winning
Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'