Google Inc is declaring war on Microsoft Corp by seeking to unseat the software giant's globally dominant Windows operating system for personal computers. Google, which already offers a suite of e-mail, Web and other software products that compete with Microsoft, said on Tuesday it would launch a new operating system for computers ranging from ultra-compact
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Chinese President Hu Jintao abandoned plans to attend a G8 summit in Italy on Wednesday, returning home early to deal with ethnic violence that has left at least 156 dead in China's northwestern region of Xinjiang. The Foreign Ministry said Hu had left for China due to the "situation" in isolated, energy-rich Xinjiang, where 1,080
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The world needs to wake up to the scale of the downturn and stay focused on restarting growth in recession-hit economies, British Prime Minister Gordon Brown told Reuters on the eve of the G8 summit. Giving short shrift to talk there would be much discussion of a new global currency to replace the dollar, Brown
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European equities ended down for a fourth straight session on Tuesday, led lower by utilities and energy shares, as investors remained nervous ahead of earnings figures and worries about the pace of global economic recovery. The FTSEurofirst 300 index of top European shares finished 0.8 percent lower at 826.36 points after rising to a high
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Britain's top share index lost 0.2 percent on Tuesday as falling oil stocks, disappointing UK industrial output data and an early slide on Wall Street offset strength in miners. At the close, the FTSE 100 was 7.91 points lower at 4,817, a two-month low, after losing 1 percent on Monday. The index is up over
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Major economies tried on Tuesday to break the deadlock between rich and poor nations over 2050 goals for cuts in greenhouse gas emissions at a last-minute meeting before an expanded G8 summit in Italy. Ministers or senior officials from the 17-member Major Economies Forum (MEF) met in Rome to try to agree a declaration for
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European Union ministers and regulators sought on Tuesday to minimise boom-and bust economic cycles by agreeing to make capital rules more flexible and ensuring banks have enough cash to ride out a crisis. Policymakers across the world are applying lessons to avoid the need for future government-backed bailouts by ensuring banks are equipped to stand
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Greece's tourism industry has shed more than 19,000 jobs after arrivals at airports dropped by nearly a tenth in the first six months of the year, a trade group said on Tuesday. The country's 13 biggest airports, which account for the bulk of tourism traffic, saw a total of 3.9 million arrivals in the period,
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Europe's highest court imposed a fine of 2 million euros along with extra daily penalties, on Greece on Tuesday for failing to recover state aid illegally granted to Olympic Airways. The case relates to some 41 million euros of state aid injected into Olympic Airways as part of its unsuccessful restructuring and a yet uncounted
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EU – Armenian issues were the focus of the meeting held Tuesday in Yerevan between the Ministers of Foreign Affairs of Cyprus and Armenia. Cypriot FM Markos Kyprianou, who is accompanying President Demetris Christofias during his official visit to Armenia, met his Armenian counterpart Edward Nalbandian with whom he discussed EU – Armenian issues, Armenia
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