Barroso says crisis needs heightened coordination

The current financial crisis will require unprecedented levels of global coordination to resolve it because no country is immune to its effects, European Commission President Jose Manuel Barroso said on Thursday. Speaking

Obama lead on McCain grows to 12 points

Democrat Barack Obama's lead over Republican rival John McCain has grown to 12 points in the U.S. presidential race, with crucial independent and women voters increasingly moving to his side, according to

Netflix, Samsung in streaming partnership

Online DVD rental company Netflix Inc said on Wednesday that some of Samsung Electronics Co Ltd's Blu-ray DVD devices can now play video streamed over the Web from Netflix. The Samsung/Netflix alliance

Weak Japan data adds to recession fears

Weak Japanese exports and poor corporate earnings provided more evidence of the economic damage wrought by the global financial crisis, knocking Asian shares to four-year lows on Thursday. New Zealand's central bank

Primetel to proceed with Spidernet bid

Primetel Plc (PTL.CY) announced that the Cyprus Securities and Exchange Commission approved the publication of the Public Offer Document of Primetel for the acquisition of up to 100% of the issued share