PHILIPS Electronics is to cut 4,500 jobs as part of the restructuring scheme to boost profit and meet its financial targets.

A SHAKESPEARE-reciting robot, the world’s most merciless alarm clock and “intelligent” cocktail shakers were among the gadgets wowing visitors at the CeBIT hi-tech fair yesterday.

IT has been sighted nearly more times than Elvis, but archaeologists now believe they have found the fossilised remains of the fabled Noah’s Ark.

Asia’s richest man is today reported to be eyeing a potential takeover of United Utilities’ electricity distribution business.

Shareholders of P&O today overwhelmingly backed the group’s takeover by Dubai Ports World, creating the world’s third largest ports group.

The consortium behind the Gresham Hotels bid is expected to give shareholders two more weeks to accept its offer after failing to secure 54% of the company.

John Bond, chairman of HSBC Holdings has declined to comment on reports in the British press on Sunday that the bank is in merger talks with Deutsche Bank AG.