Customers will not be able to get their hands on Apple Inc's white iPhone 4 until later this year, the company said on Friday, conceding that making the model has proven surprisingly difficult. Apple, in a brief statement, said that its black iPhone 4 had not been affected. As for the white iPhone, the company
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Google's dominant position on the global online search market slipped slightly in the second quarter, as it retreated from the Chinese market, research firm Strategy Analytics (SA) said on Friday. Google's market share fell to 69.7 percent in the June quarter from 71.1 percent in the previous three months. "Google's search revenue growth continues to
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Cyprus's economic downturn is close to a trough and the economy should rebound next year, the island's central bank Governor, Athanasios Orphanides, said on Monday. "The baseline scenario is a mild drop in the economy for the whole year, but we are optimistic that we are close to the bottom," Orphanides, who is also a
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U.S crude oil is expected to average $79.44 a barrel in 2010, a Reuters poll showed on Monday, a slight decline from the June poll and the third consecutive lower monthly forecast. The poll of 31 analysts, banks and government agencies showed a lower consensus forecast, and respondents cited Chinese macroeconomic policy, global oversupply and
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A work to rule protest by Greek air traffic controllers over austerity-driven reforms in their sector has disrupted hundreds of flights in and out of Cyprus. Cyprus national carrier Cyprus Airways said more than a dozen flights were cancelled on Monday and airport operators said over 300 flights had been delayed since Sunday. Greek air
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Fears of further economic difficulties hit the popularity of Bulgaria's GERB in July, a year after the centre-right party won an election a year ago on promises to battle a deep recession, a survey showed on Monday. Support for GERB, led by Prime Minister Boiko Borisov, stood at 33% in July, down two percentage points
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Shares in ATEbank fell on Monday after the lender failed an EU stress test, the results of which were published last week. ATEbank shares were down 2% to 0.98 euros in early trading at 0839 GMT, with the Athens banking stock index up 1.1% at 1736.79.
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Greece can cope with its debt load without having to go into insolvency, European Central Bank Executive Board member Lorenzo Bini Smaghi said on Monday. Bini Smaghi took up the examples of Mexico and Brazil in the past 15 years, saying it is possible for countries to reform their economies after receiving aid and then
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The euro edged up and Asian shares rose on Monday as solid U.S. corporate earnings and surprisingly strong euro zone data offset growing scepticism that stress tests on European banks were not strict enough. The upbeat sentiment was expected to carry over to European markets, with Britain's FTSE 100, Germany's DAX and France's CAC-40 seen
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BP Plc was expected to announce changes at the top on Monday with the anticipated departure of CEO Tony Hayward, who came under fire for his handling of the massive oil spill in the Gulf of Mexico. Hayward would be replaced by Bob Dudley, an American executive who is now managing the oil spill response
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