News

Fourth quarter profits declined to $2.1 billion from $7.3 billion a year earlier

Bakries threaten to backtrack on offer to exit Bumi amid dispute

The Bakrie family has threatened to withdraw an offer to exit the London-listed miner Bumi by buying back some of their Indonesian coal assets as their dispute with Nat Rothschild deepens.

Young Syrian refugees gather around a small fire at the Minieh camp in Lebanon

'It's only fit for rats': Syrian refugees on brink of disaster

UN warns of a 'staggering humanitarian disaster' as families flee civil war

Shell faces fresh scrutiny over Alaskan drilling

The pressure is mounting on Shell to abandon its quest for Arctic oil after the US government ordered two reviews into the company's activities off the Alaskan coast that could halt its planned drilling campaign.

Rapper Dappy, real name Dino Costas Contostavlos, outside court

N-Dubz rapper Dappy's saliva 'found on victim'

Saliva found on the t-shirt of a victim allegedly involved in a fight with N-Dubz's Dappy has a "billion-to-one" DNA link to the rapper, a court has heard.

The Business Matrix: Wednesday 9 January 2013

Samsung rings up more huge profits

WATCH: Oil flows wrong way in brain-twisting illusion

Can any physicist readers work out what's going on here? SWAMP, an artistic duo, have created an installation called 'Supermajor' - video above - in which oil is clearly pouring out of a vintage can, puddling onto a table below, but looks like it's in fact climbing up from the puddle back into the can. We're completely stumped...

Shell drilling rig refloated off Alaska in recovery bid

A recovery team has refloated the Shell oil drilling rig that ran aground last week near an Alaskan island, and began towing it yesterday towards a more sheltered position 30 miles away.

The Kulluk oil rig near Sitkalidak Island, pictured on Tuesday

New twist in stricken rig saga: Shell was moving it to avoid tax

The oil giant will instead suffer a multi-million dollar loss on the exercise after the rig ran aground off the Alaskan coast

The drilling unit Kulluk ran aground near Alaska

Shell oil drilling platform stranded in sensitive Arctic region

The multinational oil giant Shell is facing fresh criticism of its Arctic offshore oil drilling programme, after one of its platforms was left stranded in an environmentally sensitive area of the Alaskan coast.

'No oil leak' from Royal Dutch Shell drilling rig Kulluk which ran aground off Alaska

Crews aboard two aircraft which flew over an oil drilling ship that went aground in a severe Alaska storm say there is no sign that the vessel is leaking fuel or that its hull has been breached.

Sen. Lisa Murkowski: Hailed heroism of lifeguard

Shell rig runs into Alaskan shore

A drilling rig that Shell planned to use off Alaska's Arctic coast ran aground in a storm Monday night, after the crew had been rescued earlier by the Coast Guard. As of late Tuesday, no fuel had spilled.

Another board member forced to resign at Bumi

The soap opera continued at Bumi yesterday after yet another board member was forced to resign from the conflict-riven Indonesian coal miner created by Nat Rothschild, pictured, and the Bakrie family in November 2010.

Bumi hit by another exit as Takeover Panel seeks answers

The soap opera continued at Bumi yesterday after yet another board member was forced to resign from the conflict-riven Indonesian coal miner created by Nat Rothschild and the Bakrie family in November 2010.

Private quarters: Four luxury family and VIP suites and a prayer room that generates virtual prayer mats facing Mecca

Doors to manual, taps off in the Turkish spa... the Saudi prince whose flying palace has it all

Saudi investor’s £300m super-jumbo also has room for a concert hall, a garage for his Rolls and four luxury suites

BG's new boss 'breached safety rules at Shell in the North Sea'

Oil & gas giant BG Group has asked a former Shell executive who was once accused of dangerous health and safety breaches in the North Sea to be its new boss.

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How Saudi Arabia helped Isis take over northern Iraq

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The evolution of Andy Serkis

First Gollum, then King Kong - now the actor is swinging through the trees in Dawn of the Planet of the Apes
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Refugee children from Central America let down by Washington's high ideals

Refugee children let down by Washington's high ideals

Democrats and Republicans refuse to set aside their differences to cope with the influx of desperate Central Americas, says Rupert Cornwell
Children's books are too white, says Laureate

Children's books are too white, says Laureate

Malorie Blackman appeals for a better ethnic mix of authors and characters and the illustrator Quentin Blake comes to the rescue
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Blackest is the new black

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Matthew Barzun: America's diplomatic dude

Matthew Barzun: America's diplomatic dude

The US Ambassador to London holds 'jeans and beer' gigs at his official residence – it's all part of the job, he tells Chris Green
Meet the Quantified Selfers: From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor

Meet the 'Quantified Selfers'

From heart rates to happiness, there is little this fast-growing, self-tracking community won't monitor
Madani Younis: Five-star reviews are just the opening act for British theatre's first non-white artistic director

Five-star reviews are just the opening act for British theatre's first non-white artistic director

Madani Younis wants the neighbourhood to follow his work as closely as his audiences do
Mrs Brown and her boys: are they having a laugh?

Mrs Brown and her boys: are they having a laugh?

When it comes to national stereotyping, the Irish – among others – know it can pay to play up to outsiders' expectations, says DJ Taylor
Gavin Maxwell's bitter legacy: Was the otter man the wildlife champion he appeared to be?

Otter man Gavin Maxwell's bitter legacy

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Joanna Rowsell: The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia

Joanna Rowsell: 'I wear my wig to look normal'

The World Champion cyclist on breaking her collarbone, shattering her teeth - and dealing with alopecia
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Bill Granger's quick and delicious marinades

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Anyone but Argentina – why Brazilians don’t love their neighbours any more

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