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Latest news:
 BBC: Venezuela assumes control of bank
Venezuela's government formally takes control of the country's third largest bank - the Spanish-owned Banco de Venezuela.
New Zealand Herald: Fonterra to appeal latest commission ruling
Fonterra plans to appeal the Commerce Commission's latest ruling in its dispute with cheese companies.The decision requires the giant dairy cooperative to supply raw milk to another party to process for the Kaimai Cheese and Grate...
 Financial Times: North Korea test-fires missiles
South Korea's Yonhap news agency, citing an unnamed government official, reports that North Korea on Saturday test-fired two Scud-type missiles that have an estimated range of 500km
 Reuters: About 10 firms submit bids for AIG Taiwan unit: reports
TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
Reuters: Shanghai plans own "Wall Street bull": report
BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
Financial Times: North Korea test-fires missiles
South Korea's Yonhap news agency, citing an unnamed government official, reports that North Korea on Saturday test-fired two Scud-type missiles that have an estimated range of 500km
Economy:
AllAfrica: South Africa: No More Begging Bowls for Arts
The Big Time Dance Troupe and its choreographer, Eshdey Diphae, suffered from lack of funding and were forced to fight for their survival from show to show.
SABC: Vote to decide on SABC strike
Unionised SABC workers will have an opportunity to vote by ballot on Monday to indicate if they want to strike or not. The CCMA has granted two unions, the Communications Workers' Union (CWU) and Media Workers' Association of South Africa (MWASA), permission to embark on industrial action.
SABC: Oil falls below $66 after bleak US jobs data
Oil dropped a dollar to below $66 a barrel today after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
Financial Times: Costa Rica tops good life survey
The Latin American nation tops a new global ranking that combines measures of life expectance, happiness and ecological footprint. The UK languishes midway down the table while the US is placed 114th
Industry:
Financial Times: Balfour Beatty shares fall
Shares in the UK civil engineering and construction group decline further, leaving them down by 25% on the year, in spite of a steady order book across the first half of 2009
Financial Times: Marshall sales slide
The paving stone specialist saw revenues for the first six months fall by a fifth as it cut costs by shutting down plants and reducing shifts in response to the recession
Financial Times: Cosalt plans £20m share placing
The conglomerate is planning to raise up to £20m through a placing and open offer to strengthen its balance sheet in order to be able to expand its marine safety business
Financial Times: Cybit to pay maiden dividend
Shares in the the vehicle and marine telematics company rose 10% after it announced a 27% increase in pre-tax profits to £2.1m in the year to March 31
Small Business:
 silicon.com: £1bn cash for UK's tech start-ups
The government has announced a venture capital fund for tech start-ups that it hopes one day will top £1bn.The UK Innovation Investment Fund will gain funding from the Department of Energy and Climate Change and the Department of Health who will each match private sector contributions of up to £150m.
silicon.com: And the most flexible town in the UK is...
Liverpudlians probably aren't doing it but their neighbours over the border in Wales more than likely are.A survey of working habits in the UK has identified the towns most likely to offer flexible working, with Sheffield coming out top after a third (32 per cent) of companies there said they do so.
silicon.com: Why Carter's putting business on the back burner
The government's Digital Britain scheme focuses squarely on the consumer. Natasha Lomas asks: so what about businesses?During a half-hour question and answer session at the launch of the government's Digital Britain blueprint this week, the penultimate question fired at Lord Carter by the assembled press pack was, did the minister really feel the plan offers ...
silicon.com: £23m pot of gold for tech-bamboozled SMEs
£23m of government cash is to be devoted to getting SMEs to improve their business through IT.The funding, announced in the government's Digital Britain report released yesterday, is aimed at encouraging the take-up of digital technology among the smallest companies.
Finance:
Financial Times: Overview: US jobs data lead equities lower
Global markets began the second half of the year nervously after signs that the economic recovery, which many were predicting to be around the corner, may yet be some way off
Financial Times: LongView: Becalmed equities
After the emotional extremes of the past two years, panic has given way to relief and a pause for thought, writes John Authers
Financial Times: Reed Elsevier climbs amid talk of unit revamp
The scientific and business information publisher was among the few points of interest in the London market, which closed flat on Friday
Financial Times: Doubts hang over housebuilders
Since equity markets bottomed in March, bricks and mortar – as measured by the UK Datastream home construction index – have lagged behind the wider market
Commerce:
Financial Times: Punch's £375m cash call approved
Pub operator narrowly survives protest vote over plans for share placing launched last month to repair its debt-laden balance sheet
Financial Times: Caravanning renaissance dawns as Britons choose to holiday at home
Caravan park operators nationwide report a flurry of business as families economise on holidaying in the good weather
Financial Times: Casinos shut as Moscow takes on society's ills
Barack Obama's arrival in Russia next week will coincide with an official campaign against social ills, from gambling and drinking to dog mess. Moscow's flourishing...
 The Scotsman: John Lewis sales dip blamed on weather
SALES at department store chain John Lewis fell 3.7 per cent last week, which the company said was likely to be due to hot weather and popular sporting events keeping shoppers
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IT and Telecom:
Financial Times: UK venture capital
The UK government's announcement of a £150m venture investment fund is the latest attempt to help British start-ups navigate a death zone
silicon.com: Large Hadron Collider's grid gets stressed
The grid that will process data from the Large Hadron Collider has undergone stress testing, with Cern and other organisations trying to gauge its limits.The tests, called Scale Testing for the Experiment Programme '09, threw huge amounts of data around the distributed computing project, which uses dedicated optical-fibre networks to distribute data from Cer ...
silicon.com: Heatwave? No sweat for CIOs
The hot weather the UK has been experiencing in the past week or so doesn't seem to have caused too many headachesin IT departments across the country.The latest silicon.com CIO Jury poll asked tech chiefs whether they'd taken any extra steps to protect their technology infrastructure during this week's heat wave, with nine of the 12 revealing they haven't.
silicon.com: Video: 60-Second Pitch: Collaboration software
CIOs spend countless hours listening to suppliers pitch their technology, so silicon.com decided to make the process a lot more entertaining by putting the vendors on the spot. Welcome to the 60-Second Pitch.Suppliers have just one minute to pitch their product or service to a panel of current and former heads of IT, who then have the opportunity to quiz the ...
silicon.com: The Weekly Round-Up: 03.07.09
Glastonbury - home to ley lines, juggling hippies, gurning students covered head-to-toe in mud and publicity-hungry minor celebrities showing off in their wellies.And, this year, they were joined by 407 BBC staff. Yep, 407.
silicon.com: Has in-flight entertainment got wings in the iPod era?
Airlines should scrap in-flight entertainment systems because they cannot compete with the thousands of songs and scores of movies that can be stored on modern media players, according to an aviation expert.The pace at which airlines can update the selection of film, music, games and technology offered to passengers is being outstripped by constant advances ...
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