European shares rose on Monday, the first trading day of the year, led by gains in automakers after Porsche won a legal challenge from U.S. hedge fund groups. Porsche surged 14.8 percent on strong volumes after a U.S. federal judge dismissed a lawsuit by 10 hedge fund groups accusing the German automaker of cornering the

Some iPhone users in Asia complained of malfunctioning alarms on the first working day of 2011, even after Apple reassured users that its phones' built-in clocks will work from Monday. Bloggers, Facebook and Twitter users complained of missed flights and late arrival at work, as the alarm built into Apple's iPhone failed to go off

The euro currency area has only a one-in-five chance of surviving in its current form over the next 10 years because of competitive imbalances between its members, a leading British think tank said on Friday. The Centre for Economics and Business Research said Spain and Italy would have to refinance over 400 billion euros ($530

President of the Republic of Cyprus Demetris Christofias and Turkish Cypriot leader Dervis Eroglu will be holding a new meeting on January 12, in the context of UN-led direct negotiations to solve the Cyprus problem. The meeting will be preceded by a meeting of the aides of the leaders of the two communities, George Iacovou

– Enters euro zone on New Year's Day  Estonia could be the last new entrant for some years when it becomes the 17th euro zone member on Jan. 1, with the club's deepening crisis of confidence likely to put off larger eastern European states for up to a decade. European Monetary Affairs Commissioner Ollie Rehn and

Joker Gold winner of the big prize of 10 mln Euros A Punter from Cyprus is the Gold winner of the big prize of 10 mln Euros in the Joker, the third highest winning in four years. The lucky card, worth only 10 euro was presented to the agent Peter Athanasiadis in Lakatamia. The winning

– Hundreds of thousands may be infected  A powerful virus targeting smart phones in China running Google Inc's Android operating system may represent the most sophisticated bug to target mobile devices to date, security researchers said on Thursday. Anti-virus firm Lookout Mobile Security estimates that the number of phones that have been infected by the

Chancellor Angela Merkel will stress Germany's commitment to the euro in her New Year message to the country on Friday. "Europe stands, in these months, in the middle of a great test. We must strengthen the euro. It's not just about our money. The euro is far more than a currency," Merkel will tell the

Prime Minister David Cameron predicted on Friday that Britain would have a difficult year in 2011 as public spending cuts bite but said the country must persist with his deficit-cutting plan. The centre-right Conservative leader said his coalition government would focus relentlessly in 2011 on supporting growth and driving job creation and again called for

Chinese stocks rebounded close to 2 percent on Friday in thin trading and an upbeat holiday mood, finishing off a lacklustre year with the hope that 2011 will treat equity investors better. The benchmark Shanghai Composite Index rose 1.8 percent on the day to 2,808.1 points as stocks rose across the board, but the index