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Greece votes for big budget cuts to reduce debt
Friday, 25 Dec, 2009 – 21:14 | No Comment
Greece votes for big budget cuts to reduce debt

  The Greek parliament has voted to adopt big budget cuts designed to lower the country’s high levels of debt.
Greece aims to shrink public debt to 9.1% of overall economic output next year, down from …

Microsoft ends 10-year fight with Europe on browsers
Wednesday, 16 Dec, 2009 – 23:14 | No Comment
Microsoft ends 10-year fight with Europe on browsers

Microsoft has reached agreement with European Union anti-trust regulators to allow European users a choice of web browsers.
The accord ends 10 years of dispute between the two sides.
Over that time, the EU imposed fines totalling …

Boeing 787 Dreamliner completes its first flight
Tuesday, 15 Dec, 2009 – 22:30 | No Comment
Boeing 787 Dreamliner completes its first flight

  Boeing’s new 787 Dreamliner passenger aircraft has successfully completed its first test flight in the US.
The three-hour flight started and finished in Seattle. It had been due to last up to four hours, but …

Apple and Nokia’s battle hots up
Friday, 11 Dec, 2009 – 22:38 | No Comment
Apple and Nokia’s battle hots up

  The legal battle between Finland’s Nokia and its US rival Apple has taken a new turn, with Apple countersuing Nokia over alleged patent violations.
The move follows a Nokia lawsuit filed in October accusing iPhone …

Greece’s debt reaches 300bn euros
Thursday, 10 Dec, 2009 – 22:05 | No Comment
Greece’s debt reaches 300bn euros

  Greece’s debt has reached the highest level in its modern history, the country’s deputy finance minister Philippos Sachinidis has said.
Mr Sachinidis said the country’s debt stood at 300bn euros ($442bn; £272bn).
Separately, Sweden’s prime minister, …

Volkswagen to buy 20% stake in Suzuki Motor
Wednesday, 9 Dec, 2009 – 22:21 | No Comment
Volkswagen to buy 20% stake in Suzuki Motor

  Germany’s Volkswagen (VW) is to buy a 20% stake in Japan’s Suzuki Motor for 222.5bn yen ($2.5bn; £1.5bn).
Suzuki said it would acquire a stake in VW in return, spending "up to one half" of …

President Barack Obama announces job creation plan
Tuesday, 8 Dec, 2009 – 21:53 | No Comment
President Barack Obama announces job creation plan

  US President Barack Obama has outlined a number of proposals aimed at boosting employment, including winding up the $700bn (£425bn) US bank bail-out fund.
Mr Obama said the remaining money from the Troubled Asset Relief …

Car sales and output pass the 12 million mark in China
Monday, 7 Dec, 2009 – 19:53 | No Comment
Car sales and output pass the 12 million mark in China

Chinese car sales and production both exceeded 12 million between January and November, state media has said.
The China Association of Automobile Manufacturers expects car sales and output to top 13 million for the full year, …

Bernanke defends his Federal Reserve record
Thursday, 3 Dec, 2009 – 18:58 | No Comment
Bernanke defends his Federal Reserve record

Federal Reserve Chairman Ben Bernanke has defended the central bank’s response to the global crisis.
He made the statement to a Senate panel sitting to consider his nomination for a second four-year term.
Under Mr Bernanke’s tenure, …

Google to limit free news access
Wednesday, 2 Dec, 2009 – 19:19 | No Comment
Google to limit free news access

  Newspaper publishers will now be able to set a limit on the number of free news articles people can read through Google, the company has announced.
The concession follows claims from some media companies that …

US stocks higher on positive economic news
Tuesday, 1 Dec, 2009 – 19:00 | No Comment
US stocks higher on positive economic news

  US shares headed higher on Tuesday after a flurry of economic data pointed to a rebound in the economy - and took dealers’s minds off the Dubai story.
Better reports on construction and housing suggested …

eBay fined in LVMH perfume sales row
Monday, 30 Nov, 2009 – 19:08 | No Comment
eBay fined in LVMH perfume sales row

  A Parisian court has fined eBay 1.7m euros (£1.5m) after ruling that it had not kept to an injunction banning users from selling on LVMH perfumes.
eBay users in France are blocked from selling certain …