Total warns against Arctic oil drilling
Total SA says energy companies should not drill for crude in Arctic waters, marking the first time an oil major has publicly spoken out against offshore oil exploration in the region.
Christophe de Margerie, the oil giant’s chief executive, said the risk of an oil spill in such an environmentally sensitive area was simply too high.
“Oil on Greenland would be a disaster,” he said in an interview. “A leak would do too much damage to the image of the company”.
Toyota to reduce Chinese production
Toyota is cutting production of vehicles for China in a sign of the economic impact of anti-Japanese demonstrations that have swept the country. The decision underscores the risk of lasting fallout between Asia’s two largest economies.
UK will miss shale transformation
Shale gas could bring £95bn of investment and account for a quarter of UK consumption in 20 years. However, it will not transform the economy as it has in the US, according to the first big survey of the country’s reserves.
Exiled oligarch throws in the towel
Boris Berezovsky has thrown in the towel in his $6bn (£3.8bn) legal battle against Roman Abramovich, bringing an end to the biggest and one of the most acrimonious commercial disputes fought in a British court.
O2 pulls the plug on phone chargers
O2 hopes to reduce the number of phone chargers in Britain by 100m by selling the first handset without one. The network says 70 per cent of phones sold include a charger that the customer already owns.
The Daily Telegraph
Google: Apple should have our maps
Google chairman Eric Schmidt said the search engine's maps service should have been kept in the iPhone 5, as Apple faces a barrage of criticism over the rival app it introduced last week after five years using Google’s maps.
Hackers can wipe Samsung Galaxy S3
Hackers can hide a code in a web page that will trigger a full reset of Samsung’s Galaxy S3 smartphone, deleting contacts, photographs, music, apps and other valuable data researchers have discovered.
THE WALL STREET JOURNAL
Obama addresses Mideast troubles
President Barack Obama defended his handling of the uprisings that have swept the Middle East as he took a turn on the world stage ahead of the November election, addressing the United Nations General Assembly yesterday.
California legalises self-driving cars
California yesterday became the third US state to effectively legalise self-driving car technology, which Google and many automakers are developing. Nevada and Florida have passed similar bills.