In the News...

BORDERS GOES BUST

The Borders bookshop chain in the UK has gone into administration.

Administrators MCR said all 45 Borders and Books Etc stores would remain open while it sought a buyer for all or some of the outlets.

Borders has suffered from increased competition from online retailers and supermarkets, and its website recently stopped taking new book orders.

DUBAI DEBT CAUSES WOBBLE

European shares have been hit by concerns over Dubai's financial health, after a government-owned company asked for an extension on repaying its debts.

The UK's FTSE 100 index lost 3.2%, its biggest one-day fall since March, after Dubai World asked creditors to postpone upcoming repayments until May 2010.

Banks were hit particularly hard on concerns over Dubai's ability to pay back its debts.
Share indexes, however, are trading at their highest levels for over a year.

JAPAN COMING OUT OF RECESSION?

Japan's exports fell at their slowest annual rate in a year in October, providing further evidence of the country's emergence from recession.

Exports from the world's second largest economy totalled 5.3tn yen ($60bn; $36bn), a fall of 23.2% from the same month a year earlier.

The main reason for the improvement was higher demand in Asia, analysts said.
Last week, Japan posted figures showing it had grown between July and September for the second straight quarter.

TESCO AND i-PHONE TEAM UP

Supermarket giant Tesco has joined a growing number of UK firms offering Apple's popular iPhone.

A spokesperson for the firm said that it hoped to offer the phone "in time for Christmas".

Although Tesco has not revealed tariffs, the spokesperson said that its prices were "competitive".

In September, it was revealed that O2 had lost its exclusive deal to sell the phone, which had been in place since its launch in 2007.

Both Vodafone and Orange have signed deals to sell the phone.

CHINA TO GO GREEN?

China has unveiled its first firm target for limiting greenhouse gas emissions, two weeks before a global summit on climate change in Copenhagen.

Beijing said it would aim to reduce its "carbon intensity" by 40-45% by the year 2020, compared with 2005 levels.

Carbon intensity, China's preferred measurement, is the amount of carbon dioxide emitted for each unit of GDP.

AND FINALLY...

The US Secret Service is investigating reports that a couple gatecrashed Tuesday night's state dinner at the White House, US media say.

Tareq and Michaele Salahi were reportedly not invited but later posted photos of themselves on Facebook.

Secret Service spokesman Ed Donovan said the pair were screened and the president was never in any danger, but former FBI agent Brad Garrett described the incident as a "real concern."

The Washington Post described the Salahis as "polo-playing socialites" with Ms Salahi said to be on the cast of the Real Housewives of Washington television programme.

SOURCE: BBC NEWS