BP has thrown its weight behind the chief executive of its troubled Russian joint venture TNK-BP following disagreements with Russian shareholders.

Added: 2008-05-27

BP backs CEO over Russian oil venture row

Category: varial news

We share Iran fear, Angela Merkel to tell Israel

Angela Merkel, the German chancellor, will deliver an address to Israel's Knesset today, marking a new high point in relations between the two countries.

£36m fine for Severn Trent over false data

Severn Trent, one of Britain's largest water companies, has been fined almost £36m for providing false information to the regulator and for poor customer service standards.

Commodity prices part speculative - IMF

The strength of commodities prices, this year is explained in a large part by speculative factors such as investors piling into the new asset class and the weakness of the US dollar, the International Monetary Fund said