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Areva chairman sees end to EDF rivalry

Areva chairman Philippe Varin A multibillion-euro rescue package that Areva has struck with EDF will transform the two French nuclear companies’ strained relations, according to one of the senior figures involved in the negotiations. “The…



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Marshall leaps from guitar amps to phones

The UK group’s unlikely assault on a new market ‘lit up social media’, writes Jonathan Margolis Rock and roll vibe: Marshall’s ‘London’ phone Iconic is an overused word, but it is perhaps excusable in the…


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RBS sale draws political fire

©AP The UK chancellor has been accused of “casually” losing £1bn of taxpayer money on the £2.1bn sale of Royal Bank of Scotland shares as the move drew sharp political criticism from the Labour opposition…


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Greek bank shares continue to fall

Greek bank shares have fallen sharply for a second day in Athens, but non-financial firms have fared better. The Athens General Index opened down about 4%, before recovering to be 1.4% lower. On Monday, the…


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Volatile yen threat as Abe support wanes

In mid-July, when Shinzo Abe commanded the organisers of the 2020 Tokyo Olympics to rip up plans for the $2bn national stadium and start from scratch, it was both statesmanlike and panicky. Projected costs for…


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Uruguay tries to hang on to its buzz

©AP When Uruguay became the first country to legalise cannabis two years ago under the leadership of the eccentric former guerrilla, José “Pepe” Mujica, the world took notice of this tiny republic that was once…


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London culture tops Google searches

The Science Museum attracts 3.3 million visitors annually London has been named the most googled city in the world for its art galleries, performing arts and innovative design. The capital’s museums make up the top…


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Illicit credit threat to Iran bank system

©AFP Iran’s President Hassan Rouhani must now consider what is necessary to become a player in the world economy When Rajabali realised his returns would be greater if he put his money in an illegal…


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‘National team’ powers China stock rally

©AFP China’s stock market rallied on Tuesday to post its biggest gain in more than three weeks, amid signs that the “national team” was unwilling to tolerate a fourth straight day of losses. The Shanghai…