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Imagination Technologies' profit dips on licensing slowdown
LONDON (Reuters) - Imagination Technologies, the British chip designer whose graphics technology is in smartphones from Apple and Samsung, reported lower full-year profits as licensing slows.

Obama says still wants to close Guantanamo Bay prison
BERLIN (Reuters) - President Barack Obama said on Wednesday he still wanted to close Guantanamo Bay prison but said the plan had been tougher to achieve than he had hoped due to resistance from Congress.

Obama says U.S. EU free trade deal can boost jobs and growth
BERLIN (Reuters) - President Barack Obama said on Wednesday a free trade agreement between the United States and the European Union could boost jobs and growth on both sides of the Atlantic and he also stressed the need for economic structural reforms.

Commerzbank to cut around 3,000 jobs by 2016: trade union
FRANKFURT (Reuters) - Germany's trade union Verdi on Wednesday said it estimated that around 3,000 jobs will be cut at Commerzbank by 2016 under a negotiated severance deal.

Daniel Radcliffe proves acting skills in London stage role
LONDON (Reuters) - British actor Daniel Radcliffe won plaudits on Tuesday for a new stage role as a bullied Irish cripple that takes him a critical step further away from his days as boy wizard Harry Potter.

Mortgage applications tumble as rates rise further: MBA
NEW YORK (Reuters) - Interest rates on home mortgages rose last week to hit their highest level in over a year, sapping demand from potential homeowners, data from an industry group showed on Wednesday.

Olazabal wins Spain's most prestigious sports award
MADRID (Reuters) - Spanish golfer Jose Maria Olazabal has won the Iberian nation's most prestigious sports award, the Prince of Asturias prize, after he captained Europe's Ryder Cup team to a stunning win against United States last year.

China's Wanda aims to launch $1 billion NY hotel project this year: chairman
BEIJING (Reuters) - Wanda Group, China's largest commercial real estate developer, aims to invest about $1 billion to build a five-star hotel in New York as its third major investment outside its home market, Chairman Wang Jianlin said on Tuesday.

H&M says new collections selling well
STOCKHOLM (Reuters) - H&M , the world's second-largest fashion retailer, reported a sharp rise in sales so far in June, with new collections selling well.

Internet monitoring must have proper limits, Merkel tells Obama
BERLIN (Reuters) - German Chancellor Angela Merkel told U.S. President Barack Obama on Wednesday that government monitoring of Internet communications needed to remain within proper limits.

Nadal seeded fifth at Wimbledon
LONDON (Reuters) - Rafa Nadal could face world number one Novak Djokovic, defending champion Roger Federer or home favorite Andy Murray as early as the Wimbledon quarter-finals after being announced as fifth seed for the tournament on Wednesday.

Mozambique's Renamo threatens to paralyse coal export line
MAPUTO (Reuters) - The opposition party Renamo, a former guerrilla organization, threatened on Wednesday to paralyse the only railway line leading from Mozambique's northwest coalfields.

Tata Motors upgrades existing cars as rivals launch new products
PUNE, India (Reuters) - India's Tata Motors on Wednesday launched eight upgrades of existing models, including a CNG-fuelled version of its low-cost Nano, but said little about plans for completely new vehicles to help reverse sliding car sales in India.

Vodafone set to trump Liberty with $10 billion cash bid for Kabel: sources
FRANKFURT/LONDON (Reuters) - Vodafone is discussing a bid of about $10 billion with Germany's No. 1 cable operator Kabel Deutschland and is confident its raised all-cash offer and absence of antitrust issues put it in a better position than rival Liberty Global, two sources familiar with its thinking said on Wednesday.

UK regulator to probe BSkyB over sports channel supply
LONDON (Reuters) - Britain's telecom regulator said on Wednesday that it would launch an investigation into satellite TV firm BSkyB over the wholesale supply of its sports channels after a complaint by Sky's increasingly bitter rival BT.

China completes Internet, phone monitoring scheme for Tibet
BEIJING (Reuters) - China has completed a monitoring scheme in restive Tibet that requires all telephone and internet users to register under their real names, state media said on Wednesday, as part of a campaign to crack down on what officials describe as rumors.

Dozing prince a cult hero for disenchanted Czechs
PRAGUE (Reuters) - It was a moment of high drama: the Czech prime minister stood up in parliament to try to salvage a political career torpedoed by the arrest of an aide, and Foreign Minister Karel Schwarzenberg, sitting next to him, had dozed off.

Santander says does not need to make new bad debt provisions
SANTANDER, Spain (Reuters) - Spanish banking group Santander does not need additional provisions to meet new Bank of Spain rules on recognizing bad debt, Deputy Chairman Matias Rodriguez Inciarte said on Wednesday.

Brawn needs brains to avoid tyre trouble
LONDON (Reuters) - Mercedes principal Ross Brawn, a past master at finding Formula One loopholes, may need to pull another rabbit from his magician's hat on Thursday if his team are to escape potentially heavy sanctions.

A Minute With: Gemma Arterton on choosing roles, new challenges
NEW YORK (Reuters) - British actress Gemma Arterton does not need to worry about typecasting with roles ranging from a fairy tale character and literary heroines to MI6 agent Strawberry Fields in the 2008 James Bond film "Quantum of Solace."