EU regulators signaled they could clear Oracle Corp's $7 billion takeover of Sun Microsystems Inc, after the U.S. software company promised measures to ease competition concerns. The European Union's executive European Commission said it was optimistic a "satisfactory outcome" was possible. It had previously objected to the deal, citing possible competition constraints on Sun's MySQL
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Technology outsourcing and consulting firm Accenture Plc on Sunday said it was ending its six-year sponsorship arrangement with golfer Tiger Woods, who is embroiled in a scandal involving extra-marital affairs with numerous women. "Given the circumstances of the last two weeks, after careful consideration and analysis, the company has determined that he is no longer
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Cyprus has secured one gold, one silver and two bronze medals during the World School Games in Doha, Qatar, held December 8-12. Michael Klatsias won the gold medal at discus throw with a 57.07 meters shot, Michalis Klatsias won the silver medal in shot put with a 18.50m shot. Alekos Pursanides won a bronze medal
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Italians asked on Monday if an ugly assault on Prime Minister Silvio Berlusconi was prompted by a "climate of hatred" splitting their nation and commentators said a wave of sympathy looked set to boost his political fortunes. Berlusconi was hospitalized on Sunday with broken teeth, a fractured nose and a scarred face after a man
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Some confidence returned to financial markets at least for the short term on Monday after Abu Dhabi bailed out debt-stricken fellow emirate Dubai, sending stocks higher and weakening the dollar. Greece, another debt worry for investors after being downgraded by Fitch Ratings, also said it was taking steps to get its financial house in order.
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Britain's FTSE 100 share index rose 1 percent in early deals on Monday, led higher by banks after indebted emirate Dubai said it has received $10 billion from Abu Dhabi, calming jittery investors nerves. By 0907 GMT, the FTSE 100 was 52.987 points higher at 5,314.55, adding to gains from the previous session when it
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The decline in tourism arrivals moderated in November, as arrivals fell by 8.4% over the year earlier, compared with a drop of 14.0% in October. The total number of tourists reached 89,670 in November 2009, compared with 97,900 in November 2008. Tourist arrivals from the United Kingdom fell by 11.7% to 36,187 in November 2009
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The unemployment rate amounted climbed to 5.4% of the labour force in the third quarter of 2009, according to the latest Labour Force Survey, compared with just 3.6% in the same quarter in 2008. Unemployment among males reached 5.4% in the third quarter of 2009, compared with 3.0% in the same period of 2008, while
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Arsonists set alight three cars belonging to DONG Energy on Monday, just hours ahead of a planned protest against the state-owned utility, as more than 190 nations meet in the city to agree a climate deal. The vehicles were carrying DONG's logo and were attacked in two separate areas of the Danish capital, police said,
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European shares rose in early trade on Monday, extending their wining streak to three sessions as Dubai debt fears eased, with banks the major gainers. By 0808 GMT, the FTSEurofirst 300 index of leading European shares was up 0.9 percent at 1,018.71 points. Investor fears were eased after Abu Dhabi bailed out neighbouring Dubai on
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