The BBC has apologised after spending nearly �100m on a project which has been abandoned. James Purnell, the corporation's director of strategy and digital, said "everybody at the BBC is mortified" at the cost of the Digital Media Initiative, which never ...

Britain came within just six hours of running out of natural gas in March, it has emerged. A combination of bitterly cold weather and pipeline failures left the energy grid at breaking point, with experts warning that if the cold snap continued, rationing was ...

U.S. factory sector appears to be slowing slightly, according to an early reading of May activity released Thursday. The flash purchasing managers' index compiled by data provider Markit fell to 51.9 in May from a final April reading of 52.1.

News Corp has adopted a �poison pill� to avoid anybody building a stake to challenge Rupert Murdoch's near-40 per cent voting control as his family media empire splits into separate entertainment and publishing businesses.

The return of A.G. Lafley as Procter & Gamble's chief executive was welcomed by the stock market as P&G shares jumped nearly 4 per cent on Friday, while the company said he would be paid $2m a year.