Cheung Kong Infrastructure of Hong Kong, controlled by Li Ka-shing, is paying a surprisingly high £5.8 billion ($9.1 billion) for EDF’s electricity-distribution businesses in Britain.
America's economy grew at a disappointing 2.4% annual rate in the second quarter.
Anglo American, a mining giant, reinstated its dividend after a two-year break and said it was on course to complete a big cost-cutting exercise by 2011.
Total of France followed Royal Dutch Shell in reporting a big rise in profits, helped by higher oil and gas output.
Babbage
Parcels to the nomadic
Two innovative delivery services
Schumpeter's notebook
A special relationship
Britain has a lot to learn from India
Gulliver
Let's talk about capacity, baby
American airlines make big capacity cuts
BP's Tony Hayward: "I Did it My Way"
(Wall Street Journal)
Oil lobbyists are playing on worries about America’s shaky job market
(Roll Call)
White House Jester Beheaded For Making Fun Of Soaring National Debt
(The Onion)
Leader: It will take more than stress tests to resolve European banks’ funding problems More»
Why some media outfits still refuse to go online More»
Advertisement
Subscribe to The Economist's free e-mail newsletters and alerts.
Subscribe to The Economist's latest article postings on Twitter
See a selection of The Economist's articles, events, topical videos and debates on Facebook.
Advertisement
I agree it is very important for the world economy that domestic consumption picks up in China. I only worry that our little ball of rock might not cope with 1.3bn people consuming like Americans More»
Tony Hayward is too much of a gentleman. To appease the gun-toting Americans he should have fired the BP Head of American Operations on the day of the explosion, followed by a random BP engineer every day until the gushing was stopped More»
You find natural seeps of oil and gas all over the gulf sea bed. All the Macondo well spill will be is perhaps a year or two's worth of natural seepage packed into a couple of months. Bad yes. Catastrophe? No More»
Non-profits are not wholly unlike businesses in their optimisation. Whereas a business maximises profits with respect to its budget constraints, a non-profit maximises its utility with respect to its budget constraints More»
Not only do we have more compulsive gamblers than in any time in our history but we have states addicted to the gambling revenue also. Compulsive gambling is a progressive disease, much like addiction to alcohol or drugs More»
Gambling is like religion, when your brain says "no", you have to rely on faith. Like the Lord, casinos work in mysterious ways, unless you do a bit of internal auditing—then you realise you will always be short-changed More»