World stocks drifted higher on Tuesday after a thorough beating in the previous session left most leading equity indexes at multi-year lows. But while some stability was apparent on European and emerging stock markets, Japan's Nikkei average dipped close to a low not seen for 26 years. The dollar weakened against major currencies, although it
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Auto sales likely hovered around 27-year lows in February as consumers mostly stayed away from buying big-ticket items, spooked by job losses, the deep recession and tight credit. Major automakers are scheduled to announce February sales results on Tuesday. Large dealers, auto executives and analysts have said that the sales trend last month mirrors that
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Microsoft Corp is testing a new version of its online search service internally under the name of Kumo.com, a spokesman for the software company said on Monday. The service is not yet available outside the company, but may eventually form part of Microsoft's attempt to catch up with Internet search leaders Google Inc and Yahoo
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Netbook web surfers beware. That low-cost netbook you're using could be a high-speed gateway into your life, bank accounts, passwords and other personal data. Netbooks have made headlines since their 2007 launch, making PCs accessible to millions of non-traditional users. But their cheap cost could also carry a steep price tag due to lax security
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One in three young Britons have been the victims of cyber-bullying with girls the most likely victims, according to research published on Tuesday. A survey by the Beatbullying charity of more than 2,000 youngsters aged 11 to 18 said text messages, prank mobile phone calls and content posted on social networking sites were at the
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Cyprus’ reunification would have a decisive influence on Turkey’s closer relations with the European Union, Swedish Minister of Foreign Affairs Carl Bildt has said. Presenting recently at the Swedish Parliament his government's Statement of Foreign Policy, Bildt noted that the reunification of Cyprus would mean increased security, freedom and welfare gains for the entire population
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Minister of the Interior Neoclis Sylikiotis has underlined the importance of foreign investment in Cyprus, saying that Russian investors are interested in setting up an international tennis school in Cyprus. Apart from the Russians, interest in investing in Cyprus has been shown lately by businessmen in Quatar and Iran, he added. Invited to comment on
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Britain's BT Group was given a boost on Tuesday when the regulator said it would not intervene in the wholesale pricing the telecom leader can set for super-fast broadband products. Ofcom said telecoms providers such as BT Group Plc would be free to price wholesale super-fast broadband products themselves without any regulatory intervention, to earn
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Jailed Russian oil tycoon Mikhail Khodorkovsky arrived at a Moscow court on Tuesday at the start of a new trial for money laundering and embezzlement, a Reuters reporter at the courtroom said. Khodorkovsky was brought for a pre-trial hearing at a Moscow court, the first time he has appeared in the capital since losing an
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Australia's central bank kept its interest rates steady on Tuesday, encouraged by signs of the economy's resilience to the deepening global crisis that battered financial markets and left many companies fighting for survival. With most of the world's major economies sinking ever deeper into recession and policy-makers running out of ammunition with policy rates quickly
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