The commercial counterpart of the BBC has pronounced that it has finally given a nod for the satellite provider Intelsat for its satellite and teleport services.

BBC World News can now cater to Asian and the Americans with this service.

The present plans of the Intelsat distribution service will provide services such as satellites, fibre and teleport services all throughout the regions that the BBC World Service will look forward to accessing.

The US President Barack Obama has warned the G20 leaders about cutting the national debts which could harm the economic recovery and can risk the economic reform of the country.

In his letter to G20 leaders, the President has said that it is the time to use credible plans to cut the deficit despite of withdrawing economic stimulus so early. It is dangerous for they need to take some strong steps.

For the second time in this year EMI has swirled down its top management, in a drive that shook the investors in Terra Firma, the private equity owner of EMI, within the weeks since they invested £105m to save the music group.

The biggies like Charles Allen and Lord Birt are moving ahead further down in a fit to the doors of the managers in the loss making music group.

The SeaEnergy firm of Aberdeen had decided to put its windfarm subsidiary, offshore for sale after the institutions failed efforts to raise the funds for it.

According to the office for National Statistics, yesterday the net borrowing in the month of May was £16bn - £2bn which is less than the £18bn predictions, made by the City.

The time when the Gordon Brown took the office in the year 1997, he crafted out the Financial Services Authority which was an act of political opera in an attempt to improvise the regulatory system. But later this week, George Osborne, along with his current successor, banned Mr. Brown's creation.

At the Mansion House, the chancellor decided upon the plans to mingle up many of the FSA's operations into the Bank of England.