World travellers have voted London's taxis the best but also the most expensive.

China's Lenovo, the world's No 3 PC brand, has joined rivals in flagging up its concerns about the weak global economy and eurozone debt crisis, overshadowing a doubling in first-quarter profits to $109m (£66m).

A Hong Kong court has rejected Birmingham owner Carson Yeung's bid to attend the club's first home game of the season.

Northumbrian Water has received a formal cash offer from the Hong Kong billionaire Li Ka-shing valuing the company at £2.4bn, sending the stock up more than 5 per cent to 447.7p.

A bridge so long that it could host an entire marathon race has been opened between the Chinese port of Qingdao with the industrial suburb of Huangdao. It crosses Jiaozhou Bay and is the world's longest sea bridge.

The International Cricket Council will stand by their decision to cut the number of teams at the next two World Twenty20 tournaments to 12.

Financial services firms have learned nothing about treating customers fairly in the last eight years, according to the man who regulates the industry – Hector Sants, chief executive of the City watchdog, the Financial Services Authority.

British wine has enjoyed a surge in foreign sales after home-grown wine was served at the royal wedding, right, a currency broker said.

Hong Kong has become the latest high-profile venue to express an interest in staging a Formula One grand prix.

Our answer to Warren Buffett?

He always has been. Mr Bolton, now 61, was hired by Fidelity at the age of 29 and ran its Special Situations Fund for 28 years before stepping down in 2007. He made an average return of 20 per cent a year.

Shares in Glencore fell as much as 3 per cent on their Hong Kong debut yesterday, with Asian investors spooked by concerns over valuations and the outlook for commodities.

European Union officials raided the European offices of a number of Asian shipping firms including Singapore's Neptune Orient Lines and Hong Kong-listed Orient Overseas yesterday as part of a inquiry into suspected price-fixing. EU regulators also raided a number of liner shipping firms including Denmark's AP Moller-Maersk, France's CMA and Germany's Hapag-Lloyd on Tuesday.

A sign that the size of the City's bonus pool is still booming is the sale of 175 luxury apartments at Gerald Ronson's the Heron near the Barbican – despite the flats not being ready until 2013.

Birmingham owner Carson Yeung has reduced his stake in the midlands club by 1.6% and raised £3.63million from selling shares to private investors.