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Tokyo Electric claims could top $130 billion on Japan

Tokyo Electric Power Co could face compensation claims topping $130 billion if Japan's worst nuclear crisis drags on, Bank of America-Merrill Lynch estimated, fuelling expectations Japan's government will step in to save Asia's largest utility.
Steve Jobs

What you need to know about the iPhone 5 -- really

Theories abound as to what Apple is packing into its next generation smartphone and more importantly, when will it come out. But getting to the sense in a deluge of non-sense doesn't have to be hard.
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Oil seesaws on rising inventories, Libya turmoil

Crude oil prices hovered near unchanged on Wednesday in choppy, thin trading after slumping on data showing rising U.S. crude stockpiles even as Libya and Middle East uncertainty limited losses ahead of the close of first-quarter 2011.
U.S. President Barack Obama

Obama Energy Speech Preview: Oil to Decline as 'Clean' Alternatives Fill Void

President Barack Obama on Wednesday is expected present a vision of decline for the U.S. oil industry in next two decades, highlighting its lack of development at existing land leases as the country shifts to other 'Clean Energy' industries linked to nuclear power, 'clean coal,' natural gas, biofuels, wind and solar power.
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China economist blasts dollar dominance on eve of G20

Dollar dominance is sowing the seeds of financial turmoil, and the solution is to promote new reserve currencies, a Chinese government economist said in a paper published on the eve of a G20 meeting about how to reform the global monetary system.
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Gap opens online store on Taobao Mall

U.S. apparel brand Gap Inc opened an online store on China's biggest e-commerce platform Taobao on Wednesday, in an effort to lure savvy Chinese shoppers outside wealthy cities.
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Qantas to curb flights, cut jobs to offset fuel

Australia's Qantas Airways plans to scale back some flights and cut management jobs to help offset soaring fuel prices and an estimated A$140 million ($144 million) hit to its earnings from a string of natural disasters in key markets.
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Tech firms fret over length of Japan disruption

Disruption of the production and delivery of components used by the global technology sector continued to weigh, more than two weeks after a massive earthquake and tsunami devastated Japan.

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