China's manufacturing sector posted its best performance in nine months in April, a private survey showed on Monday, offering fresh evidence the global economy may be picking up from its sharpest slump in six decades. The latest sign of "green shoots" from the world's third largest economy came as Asian stock markets cheered Friday's U.S.
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Walt Disney Co will buy a 30 percent stake in Hulu.com, bringing popular TV shows such as "Lost" and "Grey's Anatomy" to the video website founded by NBC Universal and News Corp. Disney's entrance, which comes after months of negotiations, means that three of the four major U.S. broadcast networks now have stakes in Hulu:
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Oracle Corp, the world's No. 2 business software maker, plans to expand its small line of programs that companies access via the Web, said a person familiar with the strategy. The person, who was not authorized to publicly discuss the plan, said that Oracle is developing Internet-based programs to help businesses manage human resources functions
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Mexico's flu outbreak appeared to be easing with a fall in serious cases, the government said, but world health officials still say the unpredictable virus could still become a pandemic. Here are details of the latest number of worldwide cases of the new strain of the H1N1 flu virus: COUNTRY DEATHS CONFIRMED CASES SUSPECTED CASES
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U.S. consumers felt much more upbeat about the economy in April, a month when the nation's manufacturing sector also appeared to be crawling out of a deep recessionary hole, reports showed on Friday. The news was fresh evidence that the U.S. economy is on a slow path to recovery on the back of a huge
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UN Secretary-General Special Adviser Alexander Downer has stressed that he is cautiously optimistic about the perspective for a solution of the Cyprus problem. Speaking to the press after briefing the UN Security Council on the Cyprus question, Downer said “I think it’s appropriate as the Secretary-General’s Special Adviser that from time to time I talk
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Greece has banned the export of two anti-flu drugs to safeguard its stockpiles in case a new strain of H1N1 flu hits the country, the Health Ministry said on Friday. Although no case of the disease has so far been reported in Greece, authorities banned until further notice all exports of GlaxoSmithKline's Relenza and Roche's
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May Day protesters clashed with riot police in Germany, Turkey and Greece on Friday while thousands angry at the government's responses to the global financial crisis took to the streets in France and Spain. Rising unemployment across Europe and beyond has added intensity to May Day marches as last year's market crash and banking meltdown
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Greece’s Public Power Corp. (DEH) has approved a memorandum of understanding with the Cyprus-based Quantum Corporation and Bank of Cyprus for the feasibility of the construction and operation of power plants in Bosnia Herzegovina’s Republika Srpska. Quantum and Bank of Cyprus have proposed to DEH the prospect of cooperation with the objective of investment in
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— Tells Cyprus audience that more must be invested — Education is deteriorating around the world as knowledge has been replaced by too many specialised courses that are on offer in colleges and universities, according to Vartan Gregorian, President of Carnegie Corporation of New York and a leading expert on education. Gregorian was the keynote
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