Business

Unpublished short stories for 49 cents

In another move aimed at bolstering its digital content strategy, Amazon.com launched a new program called Amazon Shorts. Authors can sell previously unpublished short stories, ranging from 2,000 to 10,000 words in digital form and consumers can read the digital literature for 49 cents a story. Read More …

China Clothes Pile Up

Brussels is seeking fresh talks with China over a textile quota row which has resulted in clothes piling up at European warehouses and ports. Read More …

Chefs from China will run Rover's canteen

The firm which bought MG Rover has brought in chefs from China to run the canteen at its Longbridge factory.

Nanjing Automotive opted for foreign talent after reportedly expressing dissatisfaction with the quality of home grown food such as sandwiches. Read More …

Tesco in spat over Asda adverts

Tesco, the biggest supermarket chain, complained that Asda's claim to having the country's lowest prices was misleading which was backed by the advertising watchdog. Read More …

Australia calls for 20,000 Skilled Workers

Australia is launching a drive to attract 20,000 skilled workers from Asia and Europe to counter a critical skills shortage that is starting to threaten the country's booming economy.

Abul Rizvi, immigration spokesman, said the country's biggest recruitment drive for migrants in more than 40 years was seeking doctors, engineers and tradespeople as well as pastry cooks and hairdressers. Read More …

UK Pension Schemes High Chances to be in Deficit

In a recent research, it suggests that UK company pension schemes are four times more likely to be in deficit that US schemes.

Just 5% of UK pension schemes are fully funded, which means that they have enough assets to meet their future obligations to members. Read More …

Dreamworks in Red

Dreamworks Animation posted a net loss of $3.7m (£2.04m), for the three months to June, compared with $146.1m second-quarter profit in 2004. This was due to the its weak sales of its Shrek 2 DVD.

The large number of unsold DVDs returned by shops meant revenues sank to $35.4m during the three months, from $300.3m last year.

The US animation studio had been warned last month of the future consequences of their financial situation. Read More …

Big Bets on China

The Chinese Internet company, Alibaba has been offered a bid by Yahoo for $1 billion cash for a 40 percent stake within the company. Read More …

Blackberry to host first Women and Technology Awards

This summer sees the launch of BlackBerry's inaugural BlackBerry Women & Technology Awards 2005. The awards have been created to recognise excellence and celebrate women in the field of technology; women who are using technology effectively to help advance their company, organisation or own enterprise or career. The awards will be presented at an exclusive ceremony on Thursday 27th October 2005 at the Riverbank Plaza Hotel in London and will be hosted by leading presenter, Daisy Sampson. Read More …

Microsoft receives $7 million

Microsoft will receive $7 million from an alleged "spam king" -- the largest settlement yet in the company's legal struggle against the flood of unwanted e-mail. Read More …

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