An Estonian international footballer has been suspended by his club side amid allegations he was involved in drug trafficking. Oliver Konsa, who has earned 20 caps for the Estonian national football team, found himself among the three men arrested by the country’s police in connection with drug smuggling, Estonian newspaper Postimees reports. Details of the
More
SoloPower, a small solar power start-up company, is eligible for a $197 million federal loan guarantee awarded under the same government program that gave $535 million to the failed panel maker Solyndra. While SoloPower has a business strategy that the government hopes would make it a success, it has much in common with Solyndra, which
More
The United States has approved billions of dollars worth of import duties on solar-energy products from China for the next five years in order to restrict China’s presence at the market. The US International Trade Commission (ITC) voted 6-0 in favor of duties of about 31% in a case filed last year by SolarWorld Industries
More
The first signs of the Cyprus administration’s delaying tactics have started to show as Euro zone finance ministers and officials met in Brussels on Monday to discuss the debt-crisis in Greece. While they were not expected to authorise more money for Athens, they were seen likely to discuss giving Greece two more years to meet
More
He crippled CIA.gov and had his way with 4Chan, AOL and even Apple. There likely won’t be any high-profile hacks in the works for ‘Cosmo the God’ any time soon, though. The 15-year-old computer criminal has pled guilty to a slew of felony charges. In exchange for admitting guilt in a string of computer crimes
More
Asian shares and commodities pulled back on Tuesday on uncertainty over the U.S. fiscal row and the euro zone debt crisis, where global lenders stopped short of giving further aid to debt-stricken Greece. A 0.6% easing in U.S. stock futures point to a weak Wall Street open, and expectations that European shares will slip, with
More
Greece's international lenders agreed on Monday to give the country two more years to make the cuts demanded of it but the euro zone and IMF clashed over a longer-term target date to shrink the country's debt pile. Euro zone finance ministers gathered in Brussels did not disburse more aid to the debt-ridden country and
More
The European Central Bank has agreed to broaden the framework for allowing Greek banks to tap emergency loans from Greece's national central bank, German daily Die Welt reported on Monday, citing central bank sources. By broadening the collateral framework for Greek banks to obtain the loans – so called emergency liquidity assistance (ELA) – from
More
Greek bank shares fell after Athens unveiled the terms of a recapitalisation under which lenders will issue convertible bonds and shares to meet a core Tier 1 capital adequacy ratio of at least 6%. Athens released the long-awaited terms of the recapitalisation framework for its banking sector, whose capital base was nearly wiped out after
More
Dmitry Rogozin, the head of Russia’s defense industry, has urged for tougher punishments for corruption in military procurement. He equated such crimes to high treason. “Have they [officials responsible for military manufacturing] lost fear? We’ll find it!” Vice Prime Minister Rogozin wrote on Twitter. Rogozin, Moscow’s former ambassador to NATO, has repeatedly pushed for bribery
More