Apple Inc's quarterly profit soared past Wall Street expectations on strong sales of iPhones and iPods, underscoring the popularity of the company's relatively expensive products even in the midst of a weak economy. Known for giving conservative outlooks, Apple projected profit and revenue for the current quarter below average Wall Street estimates, but that did
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By Michelle Nichols Nobel Peace Prize winner Muhammad Yunus, known as the "banker to the poor" for making small loans in replica watches impoverished countries, is now doing business in the center of capitalism — New York City. In the past year the first U.S. branch of his Grameen Bank has lent $1.5 million, ranging
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After a budget that raises taxes, proposes huge borrowing and sets out an austere future of spending cuts, Britain's Labour government and its finance minister came in for a roasting in the press on Thursday. "They've ruined Britain," the Daily Express tabloid blared on the front page, criticising Prime Minister Gordon Brown and his finance
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The intelligence expert who prepared a still-secret study on cybersecurity for President Obama said on Wednesday the danger of attacks on U.S. computer networks cannot be fixed easily or quickly. "Cyberspace won't be secured overnight and on the basis of one good plan," Melissa Hathaway told the nation's largest conference of private security experts, RSA.
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By Ed Stoddard The Texas governor ponders secession from the United States, anti-tax "tea parties" are held and some states snub federal economic "stimulus" funds. The U.S. Republican Party's conservative base is fired up and taking aim at the old target of "big government" as its opposition hardens to the agenda of President Barack Obama
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Japanese shares fell on Thursday as worries about the health of the global financial sector flared again after a larger-than-expected loss from Morgan Stanley and a report that top Japanese broker Nomura had also fallen deeply into the red. Government bonds, gold and the yen all firmed as investors shied from risk amid a weakening
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Greece and Cyprus said they backed Turkey's bid to join the European Union, but that the neighbour with which they have been at loggerheads for years must meet EU entry requirements. "We have fully supported the full entry of Turkey to the European Union. But it is not possible to give our consent unless the
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The International Monetary Fund said the world economy has fallen into a severe recession, cutting its forecast for global growth and calling for forceful action to spur a recovery. In its latest World Economic Outlook, the IMF said the global economy would likely contract 1.3 percent this year in the deepest post-World War Two recession
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A total of 33 polling stations will be set up in 25 towns in different countries for the June European Parliament elections, in which Cypriots will be called to choose six deputies to represent their country. Speaking at a press conference here today, Interior Ministry Permanent Secretary Lazaros Savvides said that of the 33 polling
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Cyprus and Greece agree that the negotiations between the leaders of the two communities in Cyprus for a solution of the island's political problem have not made the expected progress, President of the Republic of Cyprus Demetris Christofias said on Wednesday. He added that, irrespective of the course of the negotiations, the Greek Cypriot side
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