Embattled BP chief executive Tony Hayward is at the centre of a new controversy today after he went sailing in the UK despite mounting criticism that he is not doing enough to control the oil spill disaster in the Gulf of Mexico.

Under-fire BP chief executive Tony Hayward went sailing in the UK today despite mounting criticism that he is not doing enough to control the oil spill disaster in the Gulf of Mexico.

Embattled BP came under further pressure today after one of its partners said the British oil giant should shoulder all the financial burden for the Gulf of Mexico spill.

The chairman of BP said he was sorry for speaking clumsily after saying at the White House that the energy giant cares about “small people” hurt by the Gulf oil spill.

BP HAS bowed to US President Barack Obama’s demand for a $20 billion fund to compensate victims of the disastrous oil spill in the Gulf of Mexico.

BP bosses face a mauling at crunch talks today after US President Barack Obama vowed to make the British oil giant pay for the Gulf of Mexico spill.

Oil giant BP today signalled it would press on with a controversial Canadian tar sands project despite facing a showdown with environmental campaigners and shareholders.

BP’s two-year hunt to fill one of Britain’s most prestigious corporate jobs ended today with the appointment of Carl-Henric Svanberg as chairman.

Ericsson AB chief executive Carl-Henric Svanberg has said that he expects the company to return to profit soon.

SWEDISH Foreign Minister Anna Lindh was sent an email threatening her and her children two weeks before she was fatally stabbed while out shopping, the Foreign Ministry said yesterday.

SHARES of Ericsson AB, the world’s largest maker of wireless networks, surged as much as 27% as accelerated cost cuts helped the company post a narrower-than-expected loss in the second quarter.