Consumers’ mood improves on massive price drops

Consumer sentiment improved this month helped by falling gasoline prices, retail discounts and "tumbling" inflation expectations, but pessimism over the future tempered their enthusiasm, a survey showed on Friday. The Reuters/University of

U.S. video game sales up 10 percent

U.S. sales of video game hardware and software rose 10 percent in November from a year earlier, market researcher NPD said on Thursday, as Nintendo Co Ltd reported its Wii console and

East-West divide in media habits: survey

The so-called digital divide between emerging and developed economies worldwide might not be that wide after all. A new online survey conducted by Nielsen finds that while Western countries tend to be

Oil falls towards $45, Goldman cuts forecast

Oil fell towards $45 a barrel on Friday, after the collapse of a $14 billion rescue for U.S. automakers caused heavy losses across global financial markets and Goldman Sachs predicted oil could

Former Cyprus President Papadopoulos passes away

Former President of the Republic of Cyprus, Tassos Papadopoulos, passed away today. Papadopoulos’ death was announced by Director of the Intensive Care Unit of the Nicosia General Hospital Theodoros Kyprianou. The former

EU edges closer to climate, stimulus deals

European leaders moved towards agreement on Friday on a multi-billion dollar plan to tackle the global recession and a climate change plan amended to limit impact on struggling industries. Green groups warned