A folding oven woven out of soft cloth could be on sale as early as next year predict scientists who demonstrated a prototype today. Despite weighing only a few hundred grams, the lightweight electrical oven can be made hot enough to roast chicken, according to the researchers who developed it.

Thin and flexible conductive elements are woven into the oven's highly heat-resistant fabric, said the researchers, who demonstrated the folding kitchen appliance to reporters at a restaurant in Taiwan today.

Without announcing a deal, Apple CEO Steve Jobs today dropped broad hints that an agreement could be imminent to distribute the songs of the Beatles on his company's iTunes music download service.

Ebay has lost half its market share in China in only three months as the online auction giant struggles to get to grips with local competition in the world's largest market. News of the shocking reversal comes less than a month after eBay CEO, Meg Whitman, claimed Chinese operations were 'going well'.

Disproving the adage that 'no publicity is bad publicity', a company today disowned a flood of emails that was apparently crafted to boost its stock price. Pay88 Inc claimed that it was an innocent pawn in an apparent 'pump and dump' scheme' run by unknown spammers.

The unwanted emails began appearing in inboxes on July 14, the company complained in a statement to the media.

A price cut is 'likely' for Sony's PlayStation 3 games console this month, say leading analysts in Tokyo.