Google Android loses senior executive to China’s Xiaomi Tech

Budget smartphones maker has hired Google Android’s Hugo Barra, who will be responsible for global business expansionGoogle has been hit by the departure of one of its leading talents. Xiaomi Tech, a fast-growing Chinese maker of cheap smartphones, has hired Hugo Barra, a senior Google Android executive, to spearhead its nascent global expansion.Xiaomi’s founder Lei Jun said on his Weibo feed on Wednesday that Barra, who led product development for Google’s Android mobile software, will join the Read more […]


Markets hit by fears that Syria attack could raise fuel prices

FTSE down but Shell and BP shares boosted while petrol retailers warn of grim outlook for consumerMounting prospects of a US-led military strike on Syria sent shock waves through the energy and financial markets on Wednesday with oil hitting its highest level for six months and drawing predictions that it could reach $ 150 (£97) a barrel.The move in the value of crude, reflecting fears that wider Middle East output could be disrupted, gave a major boost to the share price of Shell, BP and other Read more […]


George Osborne under pressure to speed up Royal Bank of Scotland split

MPs voice concerns that chancellor will row back on plan to break up RBS to avoid disrupting the bank’s recoveryAn influential group of MPs has stepped up its drive to have Royal Bank of Scotland split up, amid concerns that Whitehall officials could back away from the proposal.Members of the parliamentary commission on banking standards have demanded that plans go ahead to split the operations of the troubled institution, which is 81% owned by the taxpayer, into a so-called good bank and bad bank, Read more […]