– Says demand shifted to Greece, Spain, Turkey TUI Travel, Europe's biggest tour operator, said it was on track to meet full-year expectations as increased demand for alternative destinations offset the impact of unrest in Egypt and Tunisia. The FTSE 100 company, majority owned by German group TUI AG , said on Tuesday disruption from

Microsoft Corp is close to buying Web video conferencing service Skype Technologies for $8.5 billion including debt, a source familiar with the situation said, underscoring the technology giant's growing ambition to plug a hole in its mobile offerings. Buying money-losing Skype would have no immediate impact on Microsoft's finances, but would make clear its intention

YouTube is adding more than 3,000 mainstream movies for users to rent starting on Monday, along with the millions of free user-created videos the popular website is best known for.   Google Inc-owned YouTube is offering a mix of recent Hollywood blockbusters, independent and foreign movies for 99 cents up to $3.99 each. These include

China posted its biggest trade surplus in four months in April, swinging from a trade deficit in the first quarter, as exports hit a record on stronger global demand despite initial signs of a pinch from Japan's earthquake and nuclear crisis. The surplus of $11.4 billion, nearly four times greater than expected, could reignite fresh

Former California Governor Arnold Schwarzenegger and his wife Maria Shriver said on Monday they are separating "while we work on the future of our relationship." The surprise announcement came four months after Schwarzenegger, an Austrian-born bodybuilder turned Hollywood action star, left office in January. "This has been a time of great personal and professional transition

Oil prices slid on Tuesday as a bigger-than-expected Chinese trade surplus and a hike in trading margins for U.S. crude spread caution among traders about volatile commodity prices, while Greek woes cut the euro to a six-week low against the yen. China posted its largest trade surplus in four months in April, swinging from a

Google Inc could launch a new online music service as early as Tuesday, which will be similar to a service recently started by Amazon.com Inc, The Wall Street Journal said, citing people familiar with the matter. The Journal said Google is likely to announce the service at its annual Google I/O developers conference in San

Cyprus exports towards other EU member states and third countries increased by 32% during the first two months of 2011, compared to the same period last year, according to data released today by the Statistical Service. Imports to Cyprus also marked an increase of almost 5% during the same period. According to an official announcement,