China on Thursday stepped up accusations that Google is spreading obscene content over the Internet, a day after U.S. officials urged Beijing to abandon plans for controversial filtering software on new computers. The growing friction over control of online content threatens to become another irritant in ties at a time the world is looking for
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Palm Inc (PALM.O) posted a narrower-than-expected fiscal fourth quarter loss on Thursday, and highlighted strong demand for its just-unveiled Pre smartphone. Palm's shares rose more than 14 percent in after-hours trading. Executives said early signs were promising for the Pre, which will compete head-to-head with Apple Inc's (AAPL.O) iPhone and Research in Motion's (RIM.TO) BlackBerry
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Based on first preliminary estimates for 2008, Gross Domestic Product (GDP) per inhabitant expressed in Purchasing Power Standards (PPS) varied from 40% to 253% of the EU27 average across the Member States. Cyprus’ GDP per inhabitant stood at 95%.
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U.S. President Barack Obama and German Chancellor Angela Merkel will debate how to fix the global economy and fight climate change on Friday in a White House meeting that is likely to highlight a range of differences between the two leaders. Unrest in Iran after the Islamic Republic's disputed presidential poll, the war in Afghanistan
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Japanese consumer prices fell at a record pace in the year to May, adding to other weak signals about the health of the global economy, but stock markets headed for a positive end to the week on hopes of an improvement down the track. Governments and central banks around the world have embarked on unprecedented
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Ecuador's left-wing President Rafael Correa blamed capitalism on Thursday for the global financial crisis, suggesting at a U.N. conference that the International Monetary Fund and World Bank be abolished. Criticism of the IMF and other so-called Bretton Woods institutions established during World War Two has become a running theme at a three-day meeting of the
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The European Commission urged estranged Cypriots on Thursday to seize a "historic chance" to reunite their island, split by a conflict spanning decades and troubling Turkey's bid to join the EU. Commission President Jose Manuel Barroso also said the bloc may be willing to consider aid to Cyprus required in the event of a reunification
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The European Commission has issued reasoned opinions against Cyprus, Portugal and the Czech Republic for not yet communicating the measures to transpose into national law a Community directive on driving licences. The directive in question bintroduces amendments to the technical annexes to the Directive on driving licences. The main amendment, prompted by the concern to
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Stock index futures pointed to a flat open on Thursday ahead of key data on jobless claims and economic growth. Investors will also watch testimony from Federal Reserve Chairman Ben Bernanke on the acquisition of Merrill Lynch by Bank of America Corp (BAC.N) in the tumultuous days following the Lehman Brothers (LEHMQ.PK) collapse. On Wednesday,
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By Parisa Hafezi Iran's leaders may have weathered the biggest anti-government protests since the 1979 Islamic revolution for now, but the unrest has revealed deep splits within the ruling elite, challenging the legitimacy of the 30-year-old system. Here are some questions and answers on what could happen next in the Islamic Republic, the world's fifth
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