UNITED KINGDOM

BBC Plans to Cut 2,000 Jobs, Drastically Reshape Programming

Buildings are reflected in a sign at British Broadcasting Corporation offices in central London
The British Broadcasting Corp. (BBC) said it will eliminate 2,000 jobs and drastically revamp programming in an effort to reduce costs by 20 percent over the next five years. The company plans to cut its budget by £670 million ($1 billion) per year.
IBTimes Logo

ECB holds rates, new liquidity help eyed

The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone's worsening debt storm.
More news
Visitors play the Xbox at the Microsoft exhibition stand during the Gamescom 2011 fair in Cologne

Microsoft Reaches 40 Content Deals for Xbox

Microsoft Corp (MSFT.O) has struck more than 40 deals with TV and entertainment companies, making it possible for owners of its Xbox gaming console who are also paying cable subscribers to watch live television through the devices.
IBTimes Logo

Siemens Enterprise CEO says orders stabilizing

Siemens Enterprise Communications Inc, a provider of communications equipment and software to corporations, is seeing demand stabilize after a severe collapse in orders earlier this year, according to the company's chief executive officer.
A huge Euro logo is pictured past the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011.

Services data stir euro recession worry

The euro zone's services sector shrank for the first time in two years in September as new orders dried up, stoking fears that the region's economy could be heading back into recession.
IBTimes Logo

E.Africa gas rush eyed as Anadarko ups Mozambique

U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
IBTimes Logo

Plunging PMIs fuel recession fears

Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.