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India launches crackdown on online porn

India has launched a crackdown on internet pornography, banning access to more than 800 adult websites, including Playboy and Pornhub. The restrictions followed a ruling from India’s telecoms ministry ordering internet service providers, including international…


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Ronaldo 'gives agent Greek island'

Mendes (left) and Ronaldo are superstars in world football The multi-millionaire Real Madrid star Cristiano Ronaldo has given his agent Jorge Mendes a Greek island as a wedding present, media reports say. The price tag…


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Suzuki hits record as Loeb reveals stake

©EPA Shares in Suzuki Motor sped to record highs on Monday after Daniel Loeb, the US activist investor, disclosed that his fund had bought a stake in the Japanese carmaker. In its quarterly letter to…


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MH370 investigators meet in Paris

The piece of an airplane wing will be tested in Toulouse, France, this week Malaysian officials are meeting French investigators in Paris before tests are carried out on a wing part suspected of being from…


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Coffee shop opens in phone box

Jake Hollier is the first person to rent one of Birmingham’s phone boxes A coffee shop said to be the smallest in Birmingham has opened in a red telephone box. Jake’s Coffee Box is located…


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Athens stock market tumbles on reopening

©AFP An employee walks at the Athens stock exchange Greek shares tumbled after the Athens Stock Exchange reopened following a five-week shutdown with bank stocks bearing the brunt of the selling. The Athens stock exchange…


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Index tracker fund price war heats up

Basic economics maintains that as price rises, demand falls. There are exceptions, but that is the general rule. Fund management has typically been one of the exceptions: investors were often told this particular service could…


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China investigates Viagra-laced baijiu

©AFP The Chinese hard spirit baijiu is known for its fiery taste, but some makers have added an extra kick in the form of powdered Viagra, according to the government’s food safety bureau. At least…


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German carmakers team up to buy Nokia Here

Three German premium carmakers on Monday agreed to buy Nokia Here, a digital mapping business, for €2.8bn to secure their future in the era of driverless and connected cars and head off a challenge from…


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Commerzbank profits driven by retail unit

©Getty Commerzbank almost trebled its net profits in the second quarter and reiterated its intention to pay a dividend for 2015, as it continued on its journey back to financial health. A payout would mark…