A South Korean space rocket carrying a scientific satellite exploded two minutes into its flight in the second failure in two tries to put a payload in orbit, dealing a major setback to the country’s space programme.

British energy giant BP Plc’s stock price plunged to a 14-year low in US trading on Wednesday amid concerns over its ability to meet mounting costs of the giant Gulf of Mexico oil spill.

Yahoo Inc said it signed British soccer star David Beckham as a brand ambassador ahead of the World Cup tournament in a move to draw more users to the online media company’s products.

Force India driver Vitantonio Liuzzi will start Sunday’s Canadian Formula One Grand Prix with a different chassis after struggling to score points in recent races.
“The last few races have been pretty tough as we’ve been struggling with a general lack of grip that makes it hard for me to give the maximum,” the Italian said in a team preview on Tuesday.

Former world champion Tyson Gay’s fitness level is likely to keep him out of Saturday’s New York Diamond League meeting, his agent said on Monday.
“It looks very unlikely he will compete,” Mark Wetmore said in a telephone interview from New York. “There’s a readiness (needed) to run the 100 metres, and he does not have that.”

Want to lunch with legendary investor Mr Warren Buffett? All it takes is a few mouse clicks on online market place eBay, though you should be prepared to shell out thousands of dollars for an invite.

Renewed worries about European sovereign debt, this time Britain’s, knocked equities back on Tuesday and ate into early euro gains against the dollar. Europe’s FTSEurofirst 300 was down 0.9 per cent, giving up an early rise.

Portugal winger Nani was ruled out of the World Cup on Tuesday with a left shoulder injury, the Portugal Football Federation said in a statement.
“After tests we conclude he is unfit to participate in the World Cup,” it said. Nani picked up the injury in training on Friday in Lisbon before flying to South Africa.

Phone on Monday that goes on sale in scores of countries this year, preparing its fastest-ever global roll-out to try and stay a step ahead of rivals like Google Inc in a red-hot smartphone market.

The former head of Afghanistan’s intelligence service quit after seeing himself as an obstacle to President Hamid Karzai’s plan to reach out to insurgents for talks, he said on Monday, a day after his