AAR rejects proposed $1bn TNK-BP payout AAR rejects proposed $1bn TNK-BP payoutMove by Russian billionaire partners to torpedo BP's dividend proposal puts further pressure on the UK oil group to resolve dispute over the company
Tui to appoint new chief executive Tui to appoint new chief executiveFriedrich Joussen, who led Vodafone's German unit for seven years, will replace Michael Frenzel as the travel group's new head in February 2013
Deutsche Bank income falls 46% Deutsche Bank income falls 46%German lender feels impact of eurozone crisis amid low investor confidence and as companies elect not to pursue initial public offerings
E3 provides lift for video game industry E3 provides lift for video game industryNintendo shows more than 20 games for its Wii U unit, due out later this year
BAA revenue rises ahead of Olympics BAA revenue rises ahead of OlympicsHeathrow airport continues to defy critics over London 2012 traffic but is bracing itself for ‘biggest peacetime transport challenge' on Thursday
Daimler sparks relief rally for carmakers Daimler sparks relief rally for carmakersResults from the German carmaker were not as bad as feared as operating profit fell 13% and underlying earnings stayed flat
RWE delays €3bn wind park decision RWE delays €3bn wind park decisionUtility will postpone investment approval for North Sea project to at least early 2013 because of legal uncertainties over revenues in Germany
France boosts subsidies for electric and hybrid cars France boosts subsidies for electric and hybrid carsOn the day that Peugeot reports a €819m loss in the first half of the year, French socialist government boosts subsidies for electric and hybrid cars
Peugeot slumps to a €819m loss Peugeot slumps to a €819m lossChief insists carmaker is ‘not on the verge of bankruptcy' as he moves to calm fears about the speed at which the company was burning through cash
Fears grow over Russian grain exports Fears grow over Russian grain exportsWith falls in production forecast after severe weather problems, traders are speculating about possible export taxes or even a ban
Rosneft gives BP an edge over oligarchs Rosneft gives BP an edge over oligarchsUK oil group gets the upper hand after the Russian state oil group's enters the contest for the conflict-plagued joint venture TNK-BP
ArcelorMittal – metal fatigue ArcelorMittal – metal fatigueThe eurozone crisis is to blame for poor results at the steelmaker, where the group must look at permanently closing plants