Game publishers, in a rare moment of solidarity, joined forces on Wednesday to convey optimism for the future of their $30 billion industry despite spiraling consumer spending and a global economic downturn. Electronic Arts, Activision and THQ Inc — with Activision the sole profit-maker in its last reported quarter — hope to focus on developing
More
Cellphone maker Sony Ericsson unveiled on Thursday two handset models it said are more eco-friendly, adding that the company will push greener features across its product line in the next two years. The new models, C901 GreenHeart and Naite, will be sold in smaller packages and have user manuals that are electronic. The devices use
More
BlackBerry maker Research in Motion Ltd has issued a security patch for the popular device, whose users include U.S. President Barack Obama, warning that it is vulnerable to attacks by hackers. Research in Motion issued the security warning last week in a bulletin on its web site, but officials could not be reached to comment
More
Britain remained Europe's top destination for foreign direct investment in 2008, both in terms of the number of projects and the number of jobs created, a report by accountants Ernst & Young said on Thursday. Some 3,718 new investments were announced in Europe in 2008, just 6 up from 2007, and Ernst & Young said
More
Australia's top central banker said on Thursday he saw scope to cut interest rates further to ensure a durable economic upswing and cautioned about falling business investment and consumer spending. Government data of Thursday sought to remind investors about downside risks to the economy with exports falling 11 percent in April from a month earlier.
More
Cyprus continues to rank first in the medals table of the XIII Games of the Small States of Europe, with 22 gold, 26 silver and 12 bronze medals, at the end of the third day (Wednesday) of the games. According to the official website of the Games, Iceland is in the second place of the
More
The Press and Information Office will operate a Press Centre at the Greek kiosk on the premises of the International State Fair for the assistance of local and foreign journalists who will cover the European elections. The Press Centre will include the required computer equipment in order to facilitate the journalists' work, including computers with
More
The budget results for the first quarter of 2009 show that the large budget surplus inherited by the government has now disappeared. On the basis of the preliminary data on the general government accounts for the period January-March 2009, the deficit reached EUR 137.7 mln (0.8% of annual GDP), compared with a surplus of EUR
More
Federal Reserve Chairman Ben Bernanke warned on Wednesday that rising U.S. debt was contributing to a jump in longer-term interest rates, and said now was the time to start working on reining in deficits. He sounded more confident that the end of the recession was getting closer and economic growth would resume this year, citing
More
SFS Group Public Company Limited announced that Dubai Financial Services Authority accepted the application of its subsidiary Gulflink International Securities Limited for the withdrawal of its license for the provision of investment services, with effect from June 2, 2009. The Company intends to proceed with the write-off and dissolution of Gulflink, which is registered in
More