Tuesday, February 1, 2011
The president of Egypt has suffered a “devastating blow” after the country’s army announced they would not use force against their own people, who continue to protest against the government tonight. The news came hours after six journalists who reported on the protests were released from custody.
The cost of cleaning up the Gulf of Mexico oil spill pushes BP into its first annual loss since 1992, but the firm restores dividend payments.
UK music company EMI falls into the hands of US bank Citigroup – ending a disastrous purchase by Guy Hands’ private equity group Terra Firma.
US shares close at their highest level in more than two years as upbeat corporate earnings and manufacturing data add to confidence in recovery.
The unrest in Egypt leads to some container ships being re-routed as vessels look to bypass Egyptian ports.
US factory output increased at its fastest pace in seven years last month, the Institute for Supply Management says.
Unemployment in the eurozone has remained unchanged at 10% in December 2010, official figures show.
Premier League clubs spent a record £225m in the January transfer window, a report by accountants Deloitte says.
Mexican tycoon Carlos Slim, considered the world’s richest man, unveils plans to invest $8.3bn (£5bn) in 19 countries.
The continuing boom in smartphone sales helps German chipmaker Infineon to report strong first quarter profits.