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The Olympic Stadium, being constructed for the London 2012 Olympic games, is pictured in east London

West Ham FC lead Olympic bid for Stratford stadium - Report

West Ham Football Club are apparently in front for the race to own the Olympics venue once the £547m stadium is finished. The stadium which was planned to be retained as the new home of UK athletics is undergoing a formal bid process which begins today to find a 'shared' ownership scheme so that athletics could be prepositioned alongside, something else, for example football.

Airports strike called off as ACAS talks successful, claim BAA and unions

Brendan Gold, from Unite union has announced that the strike action for the end of August has been called off after talks.

BAA strike going ahead as airport staff announce ballot result three-to-one

BAA's planned strike action is going ahead after the Unite press conference concluded with a vote three-to-one against the 1 pct pay offer on the table.

Randgold Resources share price down on FTSE 100 as power cuts hit production at Mali site

Shares in Randgold Resources fell on the FTSE 100 in afternoon trading, despite the mining firm reporting a rise in quarterly and half year profit today.

Comment: Unilever outperforms in margin expansion and sales growth

Unilever, the consumer goods giant and,maker of Dove soap and Ben and Jerry's Ice Cream has outperformed itself after improving margins and sales up by 3.8 pct.

Kindle 'next-gen' Pictures: Amazon relaunches e-reader in UK

Amazon has relaunched its Kindle in the US and UK. Read the latest here and see pictures plus full statement from Amazon.

Markets await UK final estimate GDP Q1; NIESR predict revision up to 0.4 pct

The FTSE 100 share index is awaiting the UK's final estimate of GDP for the first quarter of 2010 after the markets took in a sudden revision downwards of US Q1 GDP.

Trichet President of the European Central Bank addresses the media during his monthly news confrence at the ECB headquarter in Frankfurt

European Central Bank and EU at a crossroads?

In 1971, the Bretton Woods Gold-Dollar exchange rate system broke down, bringing in an era of floating exchange rates with all their uncertainty. Governments, especially the USA's and UK's may have been relieved of defending a particular parity by having to take deflationary action but this simply passed the burden on to trade and industry. As rates of exchange might vary at any time, both exporters and importers feared exchange rate losses, so increasing risk and uncertainty in the busi...