News Bulletin

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Sharp fall in UK retail sales Retail sales fell sharply in June, cancelling an earlier surge and confirming that consumer spending is slowing under the pressures of tighter credit conditions and higher living costs, official data showed EasyJet shares fall as fuel costs surge The low-cost airline said its profits could fall by more than 40 per cent and announced plans to reduce capacity at London Stansted Credit Suisse escapes further writedowns The Swiss bank sounded a cautious note about the outlook as it reported a 62% fall in second-quarter net income, but its investment banking unit escaped further heavy writedowns Mosley wins £60,000 in privacy case Motor racing chief Max Mosley won a landmark case in the high court when a judge ruled his privacy was violated by a tabloid newspaper that exposed his part in sado-masochistic orgies UK deal to fight film and music net piracy A groundbreaking deal has been reached between broadband companies and the music and film industries to tackle illegal downloading Arctic has 90bn barrels of crude  The Arctic holds as much as 90bn barrels of undiscovered oil and as much undiscovered gas as all the reserves known to exist in Russia, US government scientists say Failed Yahoo bid prompts Microsoft shake-up Microsoft revealed its disarray in the aftermath of its failed bid for Yahoo, announcing a major reorganisation and the unexpected departure of the executive who oversaw its offer Kingfisher gets summer boost from B&Q The DIY retailer reported an improving trend in the UK but said sales in China had fallen by nearly a quarter