BUSINESS

Prime Minister David Cameron is set for some action as he warns the state-owned RBS against going ahead with its £500 million bonus plan. Cameron indicated that the government will intervene to prevent the bank from paying out the lavish bounty to some of its senior investment bankers.

Europe’s busiest airport is facing a decline in passenger numbers. The slump has been attributed to domestic flight cuts are as well as the ongoing economic slowdown in the eurozone.

It’s the turn of professionals to find a solution to the debt crisis of two beleaguered nations, Greece and Italy, which shook the very existence of eurozone. Now the political leadership of these two nations is going to be in the hands of technocratic economists in the desperate bid to lead them out of the debt trap.

As a part of Call of Duty: Modern Warfare 3's launch, Activision has pledged to donate an additional $3 million (£1.9 million) to help soldiers leaving the army.

Europe's key crisis figures have all Goldman Sachs in their pedigree. Is it just a coincidence or is the financial world is trying to take over Europe?

"Call of Duty: Modern Warfare 3" set a new all-time record, after selling more than 6.5 million games in the U.K. and North America in its first 24 hours.

It is time Karl Marx's classic opening statement of the Communist Manifesto is reworded into something on the lines of: "A spectre is haunting Europe ­- the spectre of a double dip. All the powers of Europe have entered into a holy alliance to exorcise this spectre."

Affable, reserved, highly-respected, Italian's probable new Prime Minister Mario Monti seems to represent the antidote to Silvio Berlusconi's discredited dominance of Italian politics, the "man who screwed an entire country".

The Italian Senate has approved the austerity law, a package of measures designed to avoid a Eurozone breakdown. The law should get final approval by the lower house at the weekend, leaving the way for Prime Minister Silvio Berlusconi to step down. The senate voted by 156 to 12 in favour of the austerity package.

Frustrated iPhone 4S users are complaining that the iOS 5.0.1 update released yesterday by Apple has not fixed poor battery life as promised.

It seems all is well with Jaguar Land Rover (JLR) as their profit books are full with record sales in markets around the globe. The announcement of JLR on Thursday to create 1000 new jobs in Solihull amidst the current economic turmoil is seen as a reflection of resurgent automobile market.

Gaming platform Steam - owned by Valve - has been hacked, and the company is currently unsure if users' credit card details have been stolen or not.

Hard drive prices have skyrocketed following severe flooding in Thailand, with analysts predicting that prices could take two years to recover.

Italy's upper chamber, the Senate, will debate and vote Friday on austerity measures demanded by the EU to avoid a eurozone breakdown, while a new emergency government could take over Silvio Berlusconi's administration within days.

Apple has reportedly bought Bluetooth headset company Wi-Gear, suggesting that the iPhone maker is looking into producing its own wireless headsets.

Qualcomm has announced its first Wireless Electric Vehicle Charging (WEVC) trial for London, in line with the government’s efforts to make the capital a zero emission city. The US mobile technology giant is collaborating with the UK government along with the Mayor of London’s office and Transport for London to (TfL) to deliver the trial.

A leading business group has urged the government and businesses to adopt a two-pronged approach to deliver both short and long-term solutions to the housing crisis.

HM Revenue and Customs (HMRC), has urged the UK public to be cautious about the extra charges they have to pay for online purchases of “bargain goods” from the non EU countries. The tax collector has issued the warning in view of the increased online buying and overseas shopping during the Christmas season.

The deepening crisis in the Eurozone has given rise to a lot of speculation about the future of the region in its present shape.

Apple has today released iOS 5.0.1, a software update that will hopefully fix the poor battery life that some iPhone users have been experiencing

Shell's failure to clean up two oil spills in the Niger Delta in 2008 has caused huge suffering to locals whose fisheries and farmland were poisoned, and the company must pay an initial $1 billion to set up a mop up fund, Amnesty International said on Thursday.

Councils are losing out on billions of pounds to fraudsters, according to an Audit Commission report.

The chief executive of News Corp, James Murdoch, accused his former colleagues at News of the World of misleading a parliamentary committee over the phone hacking scandal.

The next Microsoft console, previously dubbed Xbox 720, will be called Loop, feature a 'far smaller' design and be cheaper than the current Xbox 360, according to reports.

The German government is not pursuing the idea of a smaller and more integrated Europe, according to Steffen Seiber, German Chancellor Angela Merkel's spokesman.

"Poisonous" bullying by the chief executive of a multi-billion pound London investment firm lead to its demise, a former staff member alleges at employment tribunal.

UK interest rates are held at 0.5%, the same rate since March 2009.

Research in Motion has announced that its future smartphones will share features and design cues with the PlayBook tablet.

Follow our minute by minute blog live from Westminster as the son of media mogul Rupert Murdoch faces a grilling from MPs