European shares fell in morning trade on Wednesday, led by banks and commodities stocks, as prospects of a deep global recession continued to rattle investors. At 1002 GMT, the FTSEurofirst 300 index of top European shares was down 1.4 percent at 833.26 points, having fallen as low as 828.84. It rose nearly 1 percent on
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Reeling from a relentless sales slide, Toyota Motor Corp said on Wednesday it would stop all of its North American factories for two days next month, while rival Nissan Motor Co renewed its pessimism over the industry's near-term prospects. Tight credit and worries over the spread of recession around the world have battered car sales
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Bank of England policymakers voted unanimously for this month's 150 basis point cut in interest rates, and considered an even bigger reduction due to a sharp deterioration in prospects for the economy and the likelihood of a big drop in inflation. "The projections in the Inflation Report implied that a very significant reduction in Bank
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Microsoft Corp said Wednesday it will discontinue sales of its subscription PC security service and instead offer free software to help protect computers from viruses, spyware and other threats. With the move, the software giant appears to be taking aim at McAfee Inc and Symantec Corp, its chief rivals in the PC security market. Microsoft
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The world's top five cellphone makers launched on Wednesday a common energy rating system for chargers, making it easier for consumers to compare and choose the ones consuming the least energy, Nokia said. The new rating system is a cellphone industry response to heavy criticism from environmentalists. The industry has become the world's top consumer
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An Indian warship destroyed a pirate ship in the Gulf of Aden and gunmen from Somalia seized two more vessels despite a large international naval presence off their lawless country. The buccaneers have taken a Thai fishing boat, a Greek bulk carrier and a Hong Kong-flagged ship heading to Iran since Saturday's spectacular capture of
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Japan's NTT DoCoMo Inc and South Korean partner KTF Co will jointly develop a smartphone using Google Inc software for launch next year, the Nikkei business daily reported on Wednesday. DoCoMo, Japan's top mobile phone operator, is part of a global alliance to develop phones based on Google's Android platform and has been eyeing a
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Primate of the Greek Orthodox Church on the island, Archbishop Chrysostomos B’ appealed to the representatives of the religious communities which participated in the International Meeting for Peace “The Civilisation of Peace: Faiths and Cultures in Dialogue”, to exert their influence towards their countries so that justice prevails in Cyprus. Speaking at the closing ceremony
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Vladimir Spidla, Employment, Social Affairs and Equal Opportunities Commissioner, will be in Cyprus on Thursday to inaugurate a three-day information campaign entitled “Do you know what Social Europe can do for you?”. The exhibition is organized by the European Commission Representation in Cyprus and the Directorate General for Employment, Social Affairs and Equal Opportunities. The
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Most Asian stocks edged down on Wednesday and regional currencies slid, as a plea from U.S. automakers for a bailout from Washington highlighted how the financial crisis is hurting broad swathes of the global economy. Major European stock markets were expected to open slightly higher, according to financial bookmakers, after a late rally on Wall
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