Europe creates 30 $1bn-plus tech firms since 2003

Europe has produced 30 technology companies worth more than $1bn (£590m) since the millennium, according to research that explodes the myth that the region's internet entrepreneurs lack vision and sell up too early.

Japan's Suntory to buy GSK drink brands for $2.1 billion

TOKYO: Japanese drinks giant Suntory said today it would buy the top-selling Lucozade and Ribena brands from British drugs firm GlaxoSmithKline (GSK) for $2.1 billion.

Qantas forecasts profit to slide by up to 90%

Qantas said it expects its profits to fall by as much as 90% amid growing losses at its international operations and its "highest ever fuel bill".