- BP says it has set aside $32.2bn (£20.8bn) to cover the costs linked to the oil spill in the Gulf of Mexico.The company said the charge gave it a loss of $17bn for the three months between April and June - a UK record.
- Deutsche Bank has reported a second-quarter net profit of 1.2bn euros ($1.56bn; £1bn), up from the 1.1bn-euro profit it made a year ago.Germany's biggest lender was helped by lower provisions for bad loans.
- The iPhone manufacturer Foxconn has temporarily shut a factory in India after some 250 workers fell sick.Spraying of pesticide could be the reason, and local authorities were investigating the incident, the Taiwanese company said in a statement.
- New home sales in the US rose sharply in June compared with the previous month, but the pace of sales was the second slowest on record, official figures show.The Commerce Department said sales rose to an annual rate of 330,000 in June from a revised 267,000 in May, which had been the worst month on record.
- The Unite union says it is planning legal action against British Airways over the removal of travel concessions from cabin crew who went on strike.Unite, which represents 11,000 cabin crew at the airline, said the management's action was a breach of European Human rights legislation.
- Rosneft, Russia's state oil giant, has reported a jump in profit thanks to a rise in output, higher oil prices and zero export duties for a key field.Its net profit rose to $2.6bn (£1.7bn) in the first half of 2010 from $1.6bn a year earlier.
- Japanese exports rose in June but at a slower pace than in recent months, raising questions about the strength of Japan's economic recovery.Exports climbed 27.7% to 5.87 trillion yen ($67bn; £43.4bn), the Finance Ministry said.
BBC Bubsiness News 27th July 2010
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