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BT chief executive to join government: Cameron

The chief executive of British telecoms company BT, Ian Livingston, has agreed to switch jobs to join the coalition government as trade minister, Prime Minister David Cameron announced on Wednesday.Cameron told lawmakers in his weekly question-and-answer session that Livingston would replace former HSBC chairman Stephen Green, and BT said he would become Lord Livingston."At the end of the year Stephen Green, the former chair and chief executive of HSBC will be standing down as trade minister after doing a superb job refocusing the government's efforts in key export markets," Cameron said."I can announce today that Ian Livingston, for the past five years chief executive of BT, one of Britain's most successful businesses, will take on this vital role. I believe he will bring huge talent to a vital national effort," he added.BT added in a separate statement that Livingston would leave BT in September after deciding to take up the front-bench job.He will be replaced by Gavin Patterson, who...

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  1. World leaders open G-8 summit with trade talk

    The European Union and the United States will open negotiations next month on a long-sought deal to create free trade between the world's two mightiest economic regi...

  2. The ins and outs of G-8 summit promises

    Group of Eight summit participants are powerful people: the leaders of the U.S., Russia, Britain, Germany, France, Italy, Canada and Japan, plus top officials from t...

  3. G8 calls for urgent Syria peace talks

    G8 leaders on Tuesday threw their weight behind calls for a peace conference on Syria to be held in Geneva "as soon as possible", after a summit dominated by the cou...

  4. Bomb in Syrian capital kills 10 soldiers, activists say

    A car bomb targeting a checkpoint near a military airport in an upscale neighborhood of the Syrian capital killed 10 soldiers, activists said Monday as President Bas...

  5. Assad says Europe will 'pay the price' if it arms Syrian rebels

    Syria's president warned that Europe "will pay a price" if it delivers weapons to rebels fighting to topple him, saying in an interview published Monday that arming ...

  6. G-8 calls for removal of Al Qaeda fighters in Syria, but doesn't mention Assad's fate

    The leaders of major industrial nations including the U.S. and Russia said in a Group of Eight declaration that they are united in wanting a negotiated and peaceful ...

  7. G8 Summit Begins Today

    CMC Markets analyst Michael Hewson on how the topic of trans-Atlantic trade will be discussed at the G8 summit.

  8. Sweeping US-EU trade talks to start in July

    A top European Union official says talks on a sweeping new free trade agreement between the EU and the US will begin next month.Jose Manuel Barroso, head of the EU's...

  9. Empire Manufacturing Index Up

    FBN’s Diane Macedo reports that June’s Empire Manufacturing Index beat expectations.

  10. G-8 to focus on African kidnaps, tax on final day

    Leaders of the G-8 wealthy nations are spending the final day of their summit focused on how to deter kidnappings of foreign workers in North Africa and how to corne...

  11. Obama Takes His Troubles Overseas

    "One should hardly back those who kill their enemies and eat their organs."-- Russian President Vladimir Putin , speaking through a translator, at a joint press conf...

  12. Asian Markets Mixed

    FBN’s Diane Macedo reports that Asian markets had a mixed performance.

  1. Cameron backs US-Taliban talks

    British Prime Minister David Cameron said the United States was doing the right thing by meeting with Taliban representatives after the Afghan militants opened an of...

  2. Cameron says morning swim helped with G8 Syria talks

    A dip in the icy waters of a Northern Irish lake proved the ideal tonic before a day of tough talks with G8 leaders on tax evasion and the Syria crisis, British Prim...

  3. Cameron : G-8 must push for Syrian peace talks

    British Prime Minister David Cameron says Russia, like all G-8 governments, has a responsibility to push opposed factions in Syria's civil war to the negotiating tab...

  4. G8 agree to stamp out terror ransom payments: UK

    G8 leaders have agreed to curb the payment of ransoms for hostages kidnapped by "terrorists", British Prime Minister David Cameron's office said Tuesday.Downing Stre...

  5. President Obama: Peace in Northern Ireland will be tested

    President Barack Obama declared peace in Northern Ireland a "blueprint" for those living amid conflict around the world, while acknowledging that the calm between Ca...

  6. West to threaten Russia with isolation on Syria: UK officials

    Western nations will push Russian President Vladimir Putin to sign up to action on Syria at the G8 summit or risk being left out in the cold, British officials said ...

  7. G-8 to focus on African kidnaps, taxing global companies on final day

    Leaders of the G-8 wealthy countries were spending the final hours of their summit Tuesday focusing on how to deter kidnappings of foreign workers in Africa and how ...

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