BUSINESS

Market participants are still anticipating the final details on Spain's bailout amount and conditions, after independent auditors Roland Berger and Oliver Wyman say the country's banks need up to €62bn

It perplexed many people when Michael Gove announced plans to scrap GCSE's and replace them with old fashioned O-Level exams.

Microsoft has issued notices to sites hosting the leaked document pertaining to Xbox 720 copyright material.

Investors executed a lukewarm reception to Moody's slashing the ratings and some outlooks for 10 UK and European banks.

Spain’s first independent audit of its banks may have come out, but the battle for a bailout is not over yet.

Bank downgrades come amid global review by Moody's as IMF says European crisis enters 'critical stage'.

Banks responded strongly to Moody's analysis, saying the ratings are backward looking.

Rating's agency Moody's has downgraded 15 of the world's top banks, including three British banks, Barclays, RBS and HSBC. Lloyds also had its ratings cut by Moody's in a separate announcement.

S&P says Spain's €100bn bank deal with the EU should see it through to the end of 2013

Reports suggest ratings firm could downgrade UK banks as part of review of global capital markets firms

Ratings agency says Brazil's diversification and growing domestic market are helping it mitigate the impact from Eurozone sovereign debt contagion

Vince Cable, derided as anti-business business secretary, may finally appease critics by announcing plans to give shareholders binding vote on executive pay.

BioWare brings more multiplayer goodness to the world of Mass Effect with the announcement of yet another bounty weekend - Operation Savage.

Investor representatives the Association of British Insurers has flagged up executive pay deals in the Xstrata-Glencore merger to shareholders as a 'breach of our principles'.

Moody's hailed Brazil for having a positive outlook and high economic strength because its large and growing domestic market and high degree of diversification.

Though Israeli Arabs enjoy full citizenship rights, their representation in Israel's housing and job sectors is low.

Lawyers say that as US, UK and European regulators battle to tighten derivatives supervision and rules and prevent a repeat of JP Morgan's 'London Whale' loss, could push businesses to Asia

Foxconn CEO, Terry Gou, urges customers to refrain from buying Samsung's Galaxy S3 until the launch of iPhone 5.

UK retail sales in May beat analyst expectations as the approaching Jubilee celebrations helped boost consumer spending.

Fed's $267bn "Operation Twist" disappoints as PMI data in China and Europe underscore global economic slowdown

Us Brits have been buying more food and booze lately, and it's all The Queen's fault. Yes the Diamond Jubilee effect and the mini-heatwave has seen UK retail sales jump up by 1.4% last month, smashing expectations.

US, UK and European regulators pledges to crackdown on derivatives trading risk, increase supervision and tighten cross border regulation could actually create regulatory arbitrage.

Britain's parliamentary treasury select committee charges the UK regulator with the task to look into HSBC, Lloyds, RBS and Barclays over apparent cases of mis-selling derivatives.

Australia local offers to buy the troubled Eurozone out of debt through a crowdfunding campaign

Gerhard Gribkowsky, charged with illegally taking payments from F1 boss Bernie Ecclestone, says accusations against him 'essentially true'.

With the Bank of England monetary policy committee narrowly voting against more quantitative easing, analysts expect another cash injection soon.

Boeing's 787 Dreamliners have better fuel efficiency, high cabin pressure and humidity that contribute to cheaper operating costs and more flying comfort.

A voice-over actress has shed some light on Mass Effect 3's controversial ending, script leaks, and tasteless roles.

EA's download portal Origin is looking to challenge rival Steam by offering huge discounts on big game titles.