When Angela Merkel backed Mario Draghi to become president of the European Central Bank in May last year, many in Europe assumed it was with resignation, a setback for her and Germany. Axel Weber, the hardline head of the Bundesbank had resigned in a huff months before, leaving the German chancellor little choice but to
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A team of top hackers working for Intel Corp's security division toil away in a West Coast garage searching for electronic bugs that could make automobiles vulnerable to lethal computer viruses. Intel's McAfee unit, which is best known for software that fights PC viruses, is one of a handful of firms that are looking to
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British-born filmmaker Tony Scott, director of such Hollywood blockbusters as "Top Gun" and "Crimson Tide," jumped to his death on Sunday from a bridge over Los Angeles Harbor, the Los Angeles County Coroner's Office said. Onlookers saw Scott, who was 68, parking his car on the Vincent Thomas Bridge and leaping into the water below
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Nokia will bring Zynga's global hit games, Draw Something and Zynga Poker, to Nokia Asha Touch devices in Q3 2012 as part of their partnership announced earlier this summer. Asha Touch users can soon challenge their friends to a round of the popular social drawing and guessing game, or enjoy their own virtual poker match.
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Asian shares inched lower on Monday, taking a break from recent gains when investor risk appetite had risen on hopes that Europe's policymakers will take decisive steps to tackle the euro zone's debt crisis in coming weeks. European stocks were likely to be a tad firmer, after closing at 13-month highs on Friday for their
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Common supervision of European banks, possibly by the European Central Bank, would help restore confidence and protect the financial system, ECB Governing Council member Panicos Demetriades was quoted on Sunday as saying. German business newspaper Handelsblatt reported on Friday, citing European Commission sources, that the Commission would next month propose giving the European Central Bank
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Greece will not leave the euro zone unless the country "totally refuses" to fulfil any of its reform targets, the head of the Eurogroup said on Saturday, as Germany insisted the crisis-stricken country must stick to the agreed reforms. "It will not happen, unless Greece were to violate all requirements and not to stick to
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Tourism arrivals rose over the year earlier by 3.4% in July to reach 371,453 compared with 359,104 in July 2011. The Russian market continued to surge ahead, with an increase of 40.7% to 79,278. Arrivals from Germany, the third largest market, rose by 13.5% to 12,785, while arrivals from Norway rose by 9.3% to 14,056.
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Retail trade declined by a provisional 3.1% compared with the year earlier in May according to preliminary figures, having dropped by 6.5% in April. Compared with the previous month, retail trade in May rose by a provisional 2.9%. In the period January-May 2012, retail trade volumes are provisionally estimated to have decreased by 2.7% compared
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The trade deficit shrank to EUR 2.1 bln in January-June 2012 from according to preliminary data, from EUR 2.5 bln in the same period of 2011. Imports/arrivals reached EUR 462.7 mln in June alone of which EUR 306.5 mln constituted arrivals from other member states of the EU and EUR 156.2 mln imports from third
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