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Buffett donates $37bn to charity
Warren Buffett says he always wanted to give away most of his fortune, after pledging $37bn to charity.

Blair promises new Africa focus
Tony Blair announces a series of initiatives to ensure that pledges on aid and debt relief to Africa are honoured.

Chirac admits to 'Airbus problem'
The French president says Airbus's parent firm has management problems but does not criticise its bosses.

Severstal may sue over steel deal
Steel group Arcelor's merger with Mittal Steel may face legal action from jilted Russian suitor Severstal.

Iraq oil output hits a new high
Iraqi oil production rises to 2.5 million barrels per day, its highest level since 2003's US-led invasion.

US home sales defy pressures
Sales of new homes in the US are stronger-than-expected in May, as the property market shows continued resilience.

New bid to agree world trade deal
Ministers gather in Geneva for a further round of WTO talks in a bid to agree a way ahead for a global trade deal.

Profits double at Virgin Atlantic
Airline Virgin Atlantic sees its yearly pre-tax profits more than double, boosted by business class customers.

Ofgem plans big energy upgrade
UK energy regulator Ofgem urges gas and electricity network operators to invest £4bn in the next five years.


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