U.S. stock index futures were higher on Tuesday after unexpectedly cheery data out of Europe and as the Federal Reserve was set to kick off its two-day policy meeting. Though the pace of talks in Washington to avert impending U.S. tax hikes and spending cuts quickened, senior politicians on both sides cautioned that an agreement
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Britain's Serious Fraud Office (SFO) has made the first arrests as part of a global investigation into the manipulation of interbank lending rates. The SFO said on Tuesday three British men, aged 33, 41 and 47, had been taken to a London police station for interviews. They had all been living in Britain. Sources had
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The Spice Girls hit the red carpet in London on Tuesday for the world premiere of a musical based on their meteoric rise to fame in the 1990s, and will discover if "Girl Power" still appeals to the next generation. "Viva Forever!" opens at the Piccadilly Theatre with a star-studded launch including all five members
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Britain's blue-chip index reached its highest value since March on Tuesday, as an encouraging consumer survey in Germany and signs of stronger growth in China helped to reverse early falls. The FTSE 100 rebounded off a session low of 5,908.32 to be up 13.27 points, or 0.2%, at 5,934.90 at 1127 GMT. Supporting the rise
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Professional services is the new driver of jobs and growth in Cyprus, according to a report launched by PwC on Tuesday, but the professionals and the government need to work better together to leverage the jobs and growth that this sector has to offer. According to the report, written by Fiona Mullen of Sapienta Economics
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Traditional rivals Apple and Google have reportedly partnered to make a joint offer worth more than $500 million to buy Kodak's digital imaging patents. The Apple-led group including Microsoft and Intellectual Ventures Management LLC joined Google’s partners, including patent aggregation company RPX Corp. and the Asian makers of Google’s Android phones, to buy some of
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Japan's economy is technically in recession after it contracted for two straight quarters, according to fresh data released by the authorities. Japanese April-June gross domestic product (GDP) was revised to a 0.1% contraction at an annualized pace or a 0.03% decline from the previous quarter, the Cabinet Office said on Monday. Previous data suggested that
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Builders sent in to renovate an 18th century chateau in western France's Bordeaux wine region reduced it to rubble instead, according to the Russian owner of the property. Russian businessman Dmitry Stroskin told a local newspaper he was shocked to learn that workers who were supposed to tear down an outhouse and renovate the rest
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Australian police have warned travelers off using Apple's troubled iPhone mapping software after several motorists became stuck in a snake-infested, desert corner of the country while using their phone for directions. Police in southeast Victoria state said they had been forced to rescue a number of motorists who had become stuck for up to 24
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British online fashion retailer ASOS maintained a heady rate of sales growth in its first quarter, buoyed by strong trading both in its home market and overseas. The retailer, which targets young women looking to emulate the designer looks of celebrities like Nicole Scherzinger, Tulisa Contostavlos and Cheryl Cole, said on Tuesday its retail sales
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