Facebook to buy facial-recognition startup

Facebook Inc is paying $55 million to $60 million to buy Face.com, according to people familiar with the matter, acquiring the company that provides the facial-recognition technology used by the world's largest

EU-harmonised inflation diverges from CPI

The EU-harmonised inflation rate rose in May to 3.7%, compared with 3.6% in April 2012. This is in contrast to the national consumer price inflation rate, which fell slightly to 2.9% in

EU considering doubling term of Irish bailout

Ireland's international lenders are considering doubling the average repayment term of some of its 85 billion euro ($107 billion) bailout to 30 years from 15, state broadcaster RTE reported, citing sources among