Industrial Production dropped by 14.2% over the same month of the previous year in March 2012, according to the Statistical Service. The main decline came from manufacturing, where there was a fall of 13.4% compared with March 2011. For the first quarter of the year, industrial production fell by 10.8% compared to the same period
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Apple Inc is facing delays in renewing its request that a U.S. judge ban Samsung Electronics' Galaxy 10.1 tablets, a key battleground in the worldwide patent wars between the technology giants. Apple sued Samsung last year, accusing the South Korean electronics maker of "slavishly" copying the iPhone and iPad. Samsung denies the claims and countersued.
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The president of Cyprus has backed down from his over-optimistic view of the economy just eight months away from the next elections and said he would not exclude a bailout to recapitalise the Popular Bank hobbled by exposure to Greek debt, but said it would be "chaotic" if the neighbouring country left the euro zone. President
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Walt Disney Co, owner of the ABC broadcast network and a suite of cable channels, will stop accepting some junk-food ads on TV programs, radio shows and websites aimed at children, according to sources with knowledge of the plan. Disney Chief Executive Bob Iger and first lady Michelle Obama plan to make an announcement on
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Four out of five Facebook Inc users have never bought a product or service as a result of advertising or comments on the social network site, a Reuters/Ipsos poll shows, the latest sign that much more needs to be done to turn its 900 million customer base into advertising dollars. The online poll also found
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Asian shares, the euro and commodities rebounded on Tuesday, with stocks holding a touch above 2012 lows, as investors looked to European policymakers and the wider G7 to take decisive action to address the worsening euro zone crisis. European shares were likely to extend their gains modestly, having firmed the day before on expectations for
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South Africa fired national soccer coach Pitso Mosimane on Tuesday in reaction to their disappointing start to the World Cup qualifiers at the weekend. Mosimane is the first victim of Africa's qualifying campaign for the 2014 finals in Brazil after his side were held to a 1-1 draw at home by Ethiopia, 71 places below
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The European Commission is confident that Cyprus can overcome existing challenges concerning the economy, its public debt and the banking sector, a Commission Spokesman said on Monday. Olivier Bailly confirmed that the Commission is in close contact with Cypriot authorities, as well as with other Eurozone members, to discuss the issues. He further noted that
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Asian shares, the euro and commodities rebounded on Tuesday, with stocks holding a touch above 2012 lows, as investors looked to European policymakers and the wider G7 to take decisive action to address the worsening euro zone crisis. European shares were likely to extend their gains modestly, having firmed the day before on expectations for
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Finance chiefs of the Group of Seven leading industrialised powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about the threat posed by strains inside the 17-nation monetary union. With Greece, Ireland and Portugal all under international bailout programmes, financial markets are anxious about
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