The pace of contraction in Britain's giant services sector eased last month but soaring job losses and crumbling consumer confidence kept intact expectations of another interest rate cut this week. The Bank of England has already slashed rates to a record low of 1.5 percent in a bid to limit the damage of the worst
More
Ex-communist eastern Europe's currencies crumbled, Romania cut interest rates and a ratings agency warned of risks facing Hungary on Wednesday as the impact of global recession intensified across the once-booming region. Poland, the European Union's largest former communist member, ruled out interventions in the foreign exchange market to rescue the plunging zloty for fear of
More
Cyprus will let the United Nations decide whether a ship with a suspect cargo on board infringes resolutions on Iran banning weapon exports, officials said on Wednesday. The Cyprus-flagged Monchegorsk has been docked off the Mediterranean island for almost a week as authorities check its cargo. The United States, which earlier boarded the ship in
More
Speaker of the Chamber of Deputies of the Parliament of the Czech Republic Miroslav Vlcek expressed here Wednesday the belief that the position of the EU Czech Presidency will not be in any case neutral concerning issues as the recent statement by Turkish Premier Recep Tayyip Erdogan on the Nabucco pipeline. “We have not given
More
Cypriot children with heart problems have from now on the opportunity to be operated in Cyprus. The first three heart surgeries were performed recently on Cypriot children at the Makarios Hospital in Nicosia with the cooperation of the Swiss team of doctors ‘Coeurs Pour Tous’ of Geneva. Minister of Health Christos Patsalides told a press
More
World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. Wall Street looked set for a positive and the dollar was slightly firmer against a basket of major currencies. Fitch Ratings reminded investors, meanwhile, of the
More
European shares were up by midday on Wednesday, led by the banking sector as Deutsche Bank rose on hopes it will issue a strong outlook on Thursday and commodities tracked crude and metal prices higher. By 1139 GMT the pan-European FTSEurofirst 300 index of top European shares was up 0.65 percent at 797.03 points. "Financials
More
World stocks put in modest to strong gains on Wednesday with emerging markets leading the field as investors showed tentative confidence that the global economy will begin to improve. The dollar was slightly firmer against a basket of major currencies. European shares were generally higher with the pan-European FTSEurofirst 300 gaining 0.4 percent. Earnings results
More
The online networking site MySpace has identified and barred some 90,000 registered sex offenders from using the site over the last two years, MySpace revealed to an investigative task force on Tuesday. The "shocking" number was 40,000 more than MySpace had previously acknowledged, according to Connecticut Attorney General Richard Blumenthal, a co-chairman of the task
More
U.S. Internet search company Google Inc released software on Wednesday that allows users of mobile phones and other wireless devices to automatically share their whereabouts with family and friends. Users in 27 countries will be able to broadcast their location to others constantly, using Google Latitude. Controls allow users to select who receives the information
More