The business week in pictures

The Olympics will create four millionaire sportsmen and women from Britain's pool of gold medal-winners, sports agents predict. Jessica Ennis, Victoria Pendleton, Sir Chris Hoy and Mo Farah could each earn upwards of £1m a year by signing enhanced endorsement deals and banking higher appearance fees. Photograph: Georgie Gillard/NOPP

If the crowd's ecstatic reaction to the Queen's cameo alongside James Bond at the Olympics opening ceremony is anything to go by, the latest blockbuster featuring the fictitious spy will be a smash hit. Or, at least Cineworld hopes so. The UK's biggest cinema chain, with 79 across the country, is pinning its hopes on the latest 007 instalment due out later this year as the company reported a 21.5% jump in half-year operating profits to £15.8m from £13m. Photograph: Fabrizio Bensch/Reuters

The cash machines in Santiago are running out of money, but it is not a run on the banks; shoppers in Chile are simply spending peso notes faster than the automated tellers can provide them. New skyscrapers are rising up in Bogotá to create the office and retail space needed by a growing economy. Mexico – the new darling of foreign investors – is outstripping GDP forecasts. Brazil, which overtook the UK as the world's sixth biggest economy last year, has just announced a $66bn (£42bn) stimulus plan in addition to the money it will splash out in preparation for the 2014 World Cup and the Olympics in 2016. Photograph: Ueslei Marcelino/Reuters

The news of the loss of Virgin Trains' west coast franchise has been greeted with a mixed response from commuters and rail groups, their viewpoint tempered by where they live. Darren Parkin, a journalist from Warwickshire, described it as "one of the saddest times" for rail travel since the 1970s. But commuters in Blackpool and Shrewsbury, Shropshire, who will get direct mainline rail services, are thrilled. Photograph: David Cheskin/PA

RWE, which owns Npower, has announced another 2,400 job cuts across Europe and reported a 15% fall in UK earnings, despite soaring demand for energy. Most of the job losses are expected to be in Germany, where RWE is based, but the group was unable to rule out cuts in the UK. Photograph: Juergen Schwarz/Getty Images

Jaguar Land Rover has moved to 24-hour production at its Merseyside factory to keep up with demand for the Evoque and Freelander, delivering more good news for Britain's car industry. The carmaker, owned by Indian company Tata Motors, created a further 1,000 jobs at Halewood with the introduction of a night shift. It takes the factory's workforce to 4,500 – three times the number working there three years ago. They will work to a three-shift pattern, with the first night shift starting on Monday. Photograph: Dave M. Benett/Getty Images

The world's third-biggest platinum producer has shut down its South African operations after violent clashes left at least nine people dead at its principal mine. Lonmin's shares dropped almost 5% in London and 4% in Johannesburg as production ceased due to a turf war between rival trade unions. Protests at the Marikana mine, 60 miles north-west of Johannesburg, began last week when workers walked out seeking a pay increase to 12,500 rand (£976) a month. The trouble intensified over the weekend, driven by a wider feud between two unions. Photograph: Siphiwe Sibeko/Reuters

Investors in Facebook, still reeling from the social network's disastrous stock market debut, are braced for further losses as the ban on early backers selling their shares begins to lift this week. In a staggered process which begins on Thursday and peaks in November, about 1.9bn shares – four times the current publicly traded number – will begin to be released from "lockup". Photograph: Peter Dasilva/EPA

Google has begun the process of reshaping itself into a handset manufacturer capable of taking on Apple by announcing that 4,000 jobs – a fifth of the workforce – will be cut at Motorola Mobility, the formerly dominant and now ailing mobile handset maker it acquired a year ago. Two-thirds of the job losses will be from outside the US, and a third of Motorola's 94 worldwide offices will be closed. In a regulatory filing, Google said the severance costs could be up to $275m (£175m) in the two quarters to the end of the year and that there will also be "significant" other restructuring costs as it tries to restore the phone business to profitability. Photograph: ChinaFotoPress/Getty Images

BP has sold its Californian oil refinery to US firm Tesoro as part of a $38bn selling spree following the Gulf of Mexico disaster. The British oil group sold the Carson refinery, south of Los Angeles, along with its 800 dealer-operated petrol stations across southern California, Arizona and Nevada for $2.5bn (£1.6bn) in cash. The sale brings the divestments made by BP 2010 to $26.5bn. It said it was on track to achieve $38bn of asset sales by the end of next year. Photograph: David McNew/Getty Images