Vodafone has agreed to pay £1.25 billion to HM Revenue & Customs, settling a tax dispute that dates back ten years. The dispute arose with Vodafone's Luxembourg business and HMRC's Controlled Foreign Companies (CFC) rules, which were intended to prevent UK businesses from setting up foreign businesses to avoid UK tax.

Vodafone will pay £800 million in the current financial year; the rest of the tax bill will be paid in instalments over the next five years. Vodafone had already set aside £2.2 billion after losing a Court of Appeal case last year.

Last month Apple announced that the white iPhone 4 had "proven more challenging to manufacture than expected", which meant sales would be delayed until the end of July.

Yesterday the company said the white models "have continued to be more challenging to manufacture than we originally expected" and now won't be available until later this year.

LG Electronics, already associated with Formula 1 as a Global Partner and a Technology Partner, is now becoming a Team and Technology Partner to Red Bull Racing. The Red Bull Racing Team drivers, Sebastian Vettel and Mark Webber, have currently put the team in second place for the Constructors’ world championship 2010.

The BBC Trust, which governs the BBC on behalf of the public, says the BBC's plans to launch its own smartphone applications don't require a Public Value Test. As a result, the apps – which had been delayed - are being launched today.

Amazon.com CEO Jeff Bezos says $1 billion of worldwide sales in the last 12 months have been made via mobile phones, Kindle eBook readers and tablet computers. He revealed the figures when announcing the company's quarterly results, which showed a 41% sales increase to $6.57 billion.