News Headlines - 22 October 2012

Rosneft to take full control of TNK-BP - FT.com

BP announced it had agreed to sell its stake in its Russian joint venture TNK-BP to the Russian national energy champion Rosneft for about $26bn, in a cash-and-shares deal that sets the UK oil group on a new course in Russia.

BBC News - Manganese Bronze calls in administrators

Manganese Bronze, the maker of London's black cabs, has called in administrators PricewaterhouseCoopers after failing to secure new funding.

Amazon makes UK publishers pay 20% VAT on ebook sales | The Guardian

Amazon is forcing British publishers to cover the cost of a 20% VAT charge on ebook sales – even though the true VAT cost to the online retailer is only a fraction of that amount under its generous Luxembourg-based tax regime.

Japan reports worst September trade figures in 30 years - Telegraph

Japan posted its worst September trade figures in more than 30 years, official data showed on Monday, as the global slowdown and a territorial dispute with China weighed on the world's third-largest economy.

'Parasite' porn websites stealing images and videos posted by young people | guardian.co.uk

Children and young people are posting thousands of sexually explicit images of themselves and their peers online, which are then being stolen by porn websites, according to a leading internet safety organisation.








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