Oil rose towards $64 on Tuesday, tracking a recovery in European and Asian stock markets as dealers returned to buy beaten-down shares. Traders were also watching closely for any evidence OPEC was
A top Chinese copyright official chided Microsoft for launching an "anti-piracy" tool that causes screens of computers using counterfeit software to turn black and said the company's prices were too high. The
Global financial turmoil is not only having an impact on markets, it could also affect the political and security climate. Ian Bremmer, Eurasia Group president and widely known in the field of
Lycos Europe N.V., one of the leading European portal providers and online advertisers, reported a drop in revenues in the nine months of the year to EUR 46.9 mln compared to EUR
Japan tried to push back the waves of the financial crisis on Tuesday, joining the United States and Europe in restricting investor bets on falling share prices and attempting to talk down
The global financial system could lose $2.8 trillion to the credit crisis, the Bank of England said on Tuesday, before an expected interest rate cut in the United States that others are
World stocks rose solidly on Tuesday as investors indulged in a burst of bargain hunting after five straight trading sessions of steep losses. The dollar and yen eased, also a reversal of
Cyprus ranks 40th in the Global Competitiveness Report 2008-2009, in regards of the competitiveness of its Economy, improving by 15 places compared to the Report for 2007. The results of the Report
The European Commission has approved the funding for 143 new projects under the first call for the LIFE+ programme (2007-2013), the European fund for the environment. The projects are from across the
U.S. banks lined up for government cash, the Group of Seven expressed concern about the soaring Japanese yen, and countries in Asia and Europe took emergency actions to shore up their financial
