Jobs takes wraps off faster iPhone

Apple Inc Chief Executive Officer Steve Jobs delivered the first major makeover of the iPhone, unveiling a faster, cheaper handset that may help him convince business users to switch over from the BlackBerry.

Tesco sales slow amid consumer gloom

Tesco Plc, the biggest UK retailer, said first-quarter domestic sales growth slowed after higher household bills and inflation prompted shoppers to spend less.

Toyota to make hybrid in Oz

Toyota will start making the Camry gas-electric hybrid in Australia from early 2010, as part of the Japanese automaker's efforts to step up production of such green cars around the world, the company said yesterday.

Biz people

Buffett makes bet on S&P 500

IN BRIEF (Page 16)

Stocks drop on bank results, oil

Stocks in Europe and Asia dropped as investors speculated bank losses will increase and near-record oil prices will curb economic growth. US index futures rose.

Africa bucks international trend

Safaricom Ltd, Celtel Zambia Plc and Dangote Flour Mills Plc are helping turn Africa into the world's hottest source for initial public offerings.

Executives warn inflation remains biggest threat

Inflation is now the biggest threat to the global economy as the credit crisis starts to recede, according to executives and officials who met in Russia over the weekend.

Business International

Vietnam may intervene to maintain currency's value

Vietnam's foreign exchange reserves are sufficient for the government to step in to help maintain the value of the dong, said Prime Minister Nguyen Tan Dung, damping concern the currency will collapse.

IN BRIEF (Page 16)

Business International