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Oil field insurrection Chinese and US oil firms have rejected terms laid down by the Iraqi govt to work oil fields.
» THE WEEK'S WORLD NEWS

$3bn up in smoke

sxc.hu | More than 60 airlines lost more than $3bn during the first three months of this year.

Not-so-big Ben

| Britain's recession-battered economy is shrinking at its fastest pace in more than 50 years.

Contraband crackdown

| Russian plans to destroy goods smuggled in from China will cause Chinese traders massive losses.
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Baby shaker shenanigans

Apple | Apple has apologized for a "deeply offensive" game for the iPhone called "Baby Shaker.

Counter credit revolution

| Barack Obama has vowed reforms to purge the credit industry of abusive rates and fees.

Gas summit gutted

| Political squabbles marred a European gas summit on Friday that has already been badly undermined.

BP's profit tumbles 62%

| British oil major BP reported a 62% slide in first-quarter net profits to $2.387-billion.

Japan, China to team up?

| The leaders of Japan and China may jointly develop a mobile telephone network.
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