Singapore’s prime minister said he will hand over his duties this year to the son of Singapore’s founding father Lee Kuan Yew – but he will not give a date for the event, news reports said today.

SHAREHOLDERS in Belgacom, Belgium's main fixed-line telecom company, will sell up to €3.91 billion in stock in Europe's biggest initial public offering in three years, the Brussels-based company said yesterday.

Singapore Telecommunications has won a bidding battle to buy Cable & Wireless Optus, a subsidiary of Britain's Cable & Wireless and Australia's second biggest phone company.