Alibaba Group Holding Ltd, China’s biggest e-commerce company, will begin the process of filing for an initial public offering in the US that may be the biggest since Facebook.

EIRCOM Group executives will meet with the debt-laden telecom group’s bank lenders on July 29 to outline their management plan, a company spokesman said.

More than 100 jobs are to be lost after administrators were unable to find a buyer for British cross-Channel ferry company SpeedFerries, it was announced today.

A court in Ontario, Canada, has ordered Conrad Black to return 12 boxes that a security camera showed him removing last week from the headquarters of Hollinger Inc., his holding company.

THE British government may have to raise taxes to finance spending due to the effects of slower economic growth on the Treasury's income, a new consultancy report suggests.