Richard Branson has launched his mothership, a craft that will soon launch the first space tourists into the atmosphere. The WhiteKnightTwo carrier aircraft which is named after Branson's mother is capable of reaching a height of 50,000ft. The first passengers are likely to be launched into space in around 18 months time but there is currently no set launch date as safety tests still need to be carried out. More than 250 customers have already paid a $200,000 deposit to be among the first space tourists.

A Cornish creamery has become the first cheese maker to become supreme champion for two years in a row at The Nantwich International Cheese Show. The Davidstow Creamery has been making cheese for more than 50 years using a traditional Cornish recipe and milk produced in Devon and Cornwall. The Nantwich International Cheese Show has over 2,700 entries from 30 countries. Despite this Davidstow won the supreme champion, Champion UK, Reserve Champion UK and a further seven trophies and cups. This cheese sounds really good, I must get some.

The pub group Mitchells & Butlers has acquired 44 restaurants from Whitbread in return for 21 hotel sites. The group whose brands include Harvester and All Bar One currently owns around 2,000 pubs nationwide. The outlets it is gaining currently operate under the Brewers Fayre and Beefeater brands. In exchange Whitbread will get some of its Express by Holiday Inn hotels.

Sony have announced a fall in profits with the net profit down 66.5bn yen from a year ago. The news comes due a strong yen and price competition and is despite the fact that Playstation sales are still strong. Sony have said that that its net profit in the year to March 31 2009 is likely to total 240bn yen down from an earlier forecast made in May of 290bn.

Amazon has beaten its profit forecasts for the three month to the end of June, doubling its profits to $158m. Sales of books, CDs, and DVDs have risen by 31% whilst electronics and other merchandise are up 58%. Analysts have said that Amazon is benefiting from high petrol prices which make shoppers more likely to shop online.

A British schooner has started carrying bottles on wine in a move that could revive the merchant shipping industry. Its first commercial cargo consists of French wine and is being transported on a six day journey to Dublin on the 108 year old ship called the Kathleen & May. The initial contract is with 80 vineyard owners from the Languedoc Roussillon region of France and will carry their bottle from France to Dublin on the tall ship. This form of transport has the advantage that it is pollution free as the ship simply uses wind power rather than emitting carbon dioxide like conventional merchant ships.

European scientists are working on an idea that could use solar energy from the Sahara to power parts of Europe. The plan would see vast fields of solar panels set up in the desert and would cost around £35.7bn. Because the sunlight is more intense the solar panels could generate up to three times the electricity compared with similar panels in Europe. Under the plan countries across Europe would also share electricity from green resources such as wind energy in the UK and Denmark and geothermal energy from Iceland and Italy.

Apple has seen its profits beat forecasts with a rise to $1.07bn in the first fiscal third quarter. They have also issued a warning that the current quarter profits will fail to meet analysts forecasts. Whilst the company's results were ahead of expectations the warning of lower sales concerned investors and sent shares 6% lower.