Supermarket chain Tesco is believed to be looking into selling its banking arm, Tesco Bank, which could raise anything between £500m to £1bn.

Samsung has issued a court filing regarding its collaboration with Microsoft on Windows Phone and states that it refuses to fulfill its end of the deal as it now sees the software giant as a direct competitor.

The BBC has been likened to Google, Starbucks and Amazon by the chairman of the Commons public accounts committee, Margaret Hodge, for using a multimillion-pound tax break scheme to increase its income.

New Zealand Minister for Primary Industries, Nathan Guy is leading a business delegation to Colombo this week to further strengthen trade ties between Sri Lanka and New Zealand in the lead-up to the ICC Cricket World Cup 2015.

Citizens Development Business Finance PLC (CDB) outperformed several high profile service brands, winning a coveted Bronze Award at the recently held SLIM Brand Excellence Awards 2014 at the BMICH.

The Commercial Bank Ceylon and Paycorp International (PYCI), a leading provider of enterprise payment processing solutions to banks, corporates and industry specific vertical markets, have formed a strategic alliance to launch ‘PAYCOM,’ Sri Lanka's first Multilingual Mobile POS solution.

Facebook’s advertising revenue has grown by 64 per cent during its third quarter with mobile ads making up 66 per cent of that at $1.95bn.

Brand agency Tayburn has appointed Nadine Pierce to the newly-created role of marketing manager.

A court has fined ad agency Havas Worldwide Kazahkstan 34 million tenge (£116,000) for designing a poster portraying two classical figures engaging in a gay kiss in a scene reminscent of the embrace between the heads of East Germany and the Soviet Union in 1979 (pictured).

Twitter and IBM have announced a new partnership which will see the firms combine their data collection capabilities to provide more insightful marketing information to businesses.

Bags two Golds, one Silver and one Bronze including the coveted Service Brand of the Year.