BUSINESS

While Sony's PlayStation 3 and Xbox 360 consoles have posted strong performances, Nintendo's Wii and 3DS have continued to under-perform, leading to further speculation that the industry veteran may have to bow-out of the console market.

Greek Prime Minister George Papandreou has decided to go ahead with his decision to conduct the referendum to decide on his country's future with European Union, brushing aside the market turmoil caused by his announcement Monday as "short lived."

Apple Inc. has emerged as the favorite hi-tech company among the youth in the United States, according to a national survey. It beat rivals Facebook and Google in the survey.

The new £50 note sends a patriotic message to British innovators and entrepreneurs remembering “what this country was built on.”

After posting a disappointing £219 million Q2 loss Sony Corp. has slashed its yearly forecast, predicting its fourth consecutive full-year net loss in a row.

António Horta-Osório, the chief executive of the Lloyds Banking Group, has temporarily stepped down from his position citing a stress related illness.

The Greek cabinet has expressed its "total support" for prime minister George Papandreou's decision to take a referendum on the EU and IMF-instigated Greek bail-out deal.

Reading Bloomberg News' article by Lorenzo Totaro at lunchtime, Friday 28 October on Italy's latest Bond Sale falling short of expectations and the country's borrowing costs rising, I quickly checked to see what its current National Debt is. At €1,900.8 billion, amounting to €31,500 per inhabitant, this roughly measures 120 per cent of Italy's GDP.

Greek Prime Minister George Papandreou called an emergency cabinet meeting for 4pm GMT amid calls for his resignation following the shock referendum announcement.

The UK’s economy grew last quarter that surprised economists and politicians alike, but the same figures warned Britain is heading for dismal final quarter.

With Steve Jobs new biography revealing yet more choice-remarks from Apple's now deceased chairman towards Microsoft's founder, Bill Gates has issued his own statement forgiving his long-time rival and friend.

Samsung and Amazon have confirmed the Android Ice Cream Sandwich powered Galaxy Nexus will launch in Europe 17 November.

In a deal more often seen on late-night television shopping channels flogging 'incredible vacuum packing solutions' BlackBerry is offering a 'buy two, get one free' promotion for its struggling PlayBook tablet.

Both SEGA and Nintendo have posted disastrously low sales leading to speculation as to whether the two God Fathers of gaming will be able to remain serious players in the increasingly competitive games industry.

Aided by celebrity supporters, YouTube is set to launch as many as 100 new channels The Wall Street Journal reports.

Microsoft is set to launch a commercial software development kit (SDK) for its Xbox Kinect motion controller, allowing any company to build and sell software for the device.

MF Global is said to be “close” to agreeing a deal to file for bankruptcy protection and sell some of its assets to Interactive Brokers Group.

A 15 inch MacBook Air is in the works, and could be added to Apple's line up of ultra-thin laptops in the near future, according to rumours.

Just after Nintendo revealed its own disastrous quarter, veteran games make SEGA has revealed a massive 29.9 per cent drop in revenue in its latest financial statement.

Battlefield 3 has taken the dark knight out mid-flight, robbing Batman: Arkham City of the UK all-formats games chart's top-slot.

Mona Simpson, the author and sister of the late Apple co-founder and CEO Steve Jobs revealed the final words of her brother at a memorial service at Stanford University.

The Energy Ministry today gave the go-ahead for two new power stations in Yorkshire that will create over 1,000 jobs and generate enough energy to power almost two million homes.

The Church of England is threatening to withdraw millions of pounds invested in Internet service providers unless they take action to curb online pornography.

Siri has been hacked to fully work on an iPod touch and iPhone 4, although the hacker has stated that he will not distribute the application to other users.

A bug in the location services of iOS 5 has been blamed for poor battery life experienced by users of the new iPhone 4S and older models.

In accordance with promises to kick-start infrastructure projects and revive the economy, David Cameron, Prime Minister of the United Kingdom, has given the thumbs-up for two power plants in Yorkshire, which should create 1,000 construction-related jobs, the BBC reported. Meanwhile, in a strong move to recognize gay rights, Britain will contemplate withholding aid from countries that do not reform the law banning homosexuality.

Forbes magazine has unveiled its annual rankings of the richest people on the planet. In the United Kingdom, the Forbes list revealed, Britain has 32 billionaires, three more than last year.

Kinect Sports was one of the launch titles for the Xbox Kinect when it debuted last year, and now the game is back for a second season with six new games.

The three-day blackout earlier this month cast a dark shadow over RIM, but the BlackBerry manufacturer had been in trouble long before a server in Slough decided to take the day off.