China’s trade surplus surges in April

China's trade surplus in April was nearly four times bigger than expected, with exports far exceeding imports. The trade surplus was $11.4bn (£6.9bn), according to the customs agency, whereas analysts had expected a figure of about $3bn.…

Microsoft offers to buy Skype

Microsoft is in talks to buy internet phone service Skype, the Wall Street Journal has reported. According to the paper, the deal could be worth as much as $8.5bn (£5.2bn), which would make it Microsoft's largest acquisition. Both…

Arnold Schwarzenegger and wife separate

Former California governor Arnold Schwarzenegger and his wife Maria Shriver are separating "while we work on the future of our relationship". The announcement on Monday came four months after Schwarzenegger, an Austrian-born bodybuilder…