By Christina Fincher LONDON, April 3 (Reuters) – Investors scurried to bet on a British interest rate cut next week after data on Thursday pointed to a slowdown in the services sector and the Bank of England warned the credit squeeze was likely to intensify. Deutsche Bank and Bank of America tore up forecasts that
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By Michael Hogan HAMBURG, April 3 (Reuters) – German politicians and industry groups criticised the government on Thursday for planning to raise compulsory bioethanol blending levels in fossil gasoline over fears the increase would damage older cars. The government has said it planned to raise the level to 10 percent for some gasoline grades from
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By Pete Harrison LONDON (Reuters) – British Airways said on Thursday the chaos surrounding the opening of its new terminal at London Heathrow had so far cost it around 16 million pounds. The high-profile opening of Terminal 5 last month turned into an unmitigated public relations disaster, with hundreds of flights cancelled and tens of
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FRANKFURT, (Reuters) – European shares trimmed some of their losses in afternoon trading on Thursday, taking their cue from leading Wall Street indexes, after data showed that the U.S. service sector contracted less than expected in March. The Institute for Supply Management’s non-manufacturing index came in at 49.6 in March, up from 49.3 in February,
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By Selcuk Gokoluk ANKARA (Reuters) – Escalating political tensions in Turkey over a court case to close the ruling AK Party for alleged Islamist activities have created shockwaves in the financial markets and now threaten economic stability. Analysts fear Turkey’s top court may take months to decide the case and that estimates of key economic
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NATO refused The Former Republic of Macedonia (FYROM) an invitation to join the alliance on Thursday, raising concerns over new tensions in the troubled Balkans, after Greece vetoed the decision in a row over the ex-Yugoslav state’s name. The jilted Macedonian delegation walked out of a NATO summit which opened the military alliance’s doors to
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Nokia Siemens Networks launched a downlink Dual Carrier EDGE software solution, ushering the first steps of EDGE Evolution into Nokia Siemens Networks’ GSM/EDGE radio portfolio. This solution offers double data speeds of up to 592 kbps to existing EDGE-capable GSM networks, thus enabling a mobile broadband experience, such as maintaining relationships in virtual societies, posting
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Europe needs to boost its capacity for creativity and innovation for both social and economic reasons. That is why the Commission has adopted a proposal to declare 2009 the European Year of Creativity and Innovation. The decision will be taken later this year by the Council and the European Parliament. The modern world puts emphasis
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Anheuser-Busch wants to delist its shares from the London Stock Exchange on the basis that trading volumes have been very low and to reduce compliance costs. Anheuser-Busch believes that delisting from the London Stock Exchange’s market will not adversely affect its shareholders. The shares will continue to be listed and admitted to trading on the
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Motorola, Inc. announced the launch of W24 M2M wireless module, the new innovative Wi-Fi addition to the Motorola Machine-to-machine (M2M) Wireless Module family. The W24 module is designed to meet customer demand for cost-effective and secure Wi-Fi access for wireless broadband communications, offering top quality and features typical of Motorola solutions. The W24 module conforms
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