Business
Google and Microsoft report rising profits for Q1 2013
Google and Microsoft have both reported rising profits for the first quarter of 2013. Google's net profit climbed to $3.35 billion in Q1 2013, up...
GSK accused of market abuse after paying rivals to delay Seroxat generic release
Pharmaceutical giant GlaxoSmithKline (GSK) has been accused of market "abuse" by the consumer watchdog, the Office of Fair Trading (OFT). The OFT alleges that the...
Bank of America reports sharp rise in profits for Q1 2013 after cost cutting
Bank of America has reported a sharp rise in profits for the first quarter of 2013 after it shed costs and set aside less...
How Barack Obama snubbed Margaret Thatcher’s funeral
President Barack Obama decided not to dispatch any high-ranking members of his administration to former British PM Margaret Thatcher’s funeral on Wednesday, a move...
CISPA: White House threatens to veto controversial cybersecurity bill
The White House has threatened to veto the controversial Cyber Information Sharing and Protection Act (CISPA) due to go before the House of Representatives...
Apple shares dip below $400 mark amid concerns over slowing sales
Apple shares dropped below the $400 mark for the first time since December 2011 amid concerns over slowing sales. Apple shares fell as low as...
Europe car sales fall 10.3% in March 2013
European car sales were 10.3% lower in March 2013 from a year earlier, the 18th consecutive month of falls. The figures, from the Association of...
Horse DNA found in up to 5% of EU-tested beef products
According to results from the European Commission, horse DNA has been found in up to 5% of beef products randomly tested across the EU. Inspectors...
Daimler to sell its remaining 7.5% stake in EADS
German carmaker Daimler is selling its remaining 7.5% stake in pan-European aerospace and defence group EADS. Daimler, owner of Mercedes-Benz, said it would use to...
American Airlines grounds all flights across US due to computer fault
American Airlines has decided to ground all flights across the US due to a fault with its computerized reservation system. The airline company said that...
Goldman Sachs reports 7% rise in its profits for Q1 2013
Goldman Sachs has reported a 7% rise in its profits during Q1 2013 following a strong performance in its investment banking division. The company made...
Pervez Musharraf barred from Pakistan polls
Former military leader Pervez Musharraf has been barred from standing in Pakistan general elections in May. An election tribunal disqualified Pervez Musharraf from running in...
South Korea unveils $15.3 billion stimulus plan
South Korea is the latest Asian country to try and boost economic growth by spending hard, unveiling a 17.3 trillion won ($15.3 billion) stimulus...
Nicolas Maduro proclaimed as Venezuela’s president
Nicolas Maduro has been formally proclaimed by Venezuela's election authority as the winner of Sunday's closely-fought presidential election. The National Electoral Council backed the slender...
Asian markets dip after Boston Marathon explosions
Asian markets have dropped in early trading after two explosions hit the Boston Marathon finishing line killing three people and injuring dozens more. Stock indexes...
Gold price falls to its lowest level in two years
Gold price has fallen to its lowest level in two years, on weak Chinese economic data, and receding fears about the chance of higher...
Nicolas Maduro wins Venezuela presidential election after beating Henrique Capriles
Socialist Nicolas Maduro has won a narrow victory in Venezuela's presidential being officially elected as the successor of the late leader Hugo Chavez. Nicolas Maduro...
China’s economy slows in first quarter of 2013
The Chinese economy, world's second-largest, has slowed and performed worse than many analysts expected in the first quarter of 2013. Annual growth was 7.7% in...
Cyprus to relax citizenship rules for foreign investors who lost at least 3M euros in bailout deal
Cyprus is to ease its citizenship rules for foreign investors who lost at least 3 million euros under the European Union bailout deal. Cypriot President...
Venezuela votes on Hugo Chavez successor
Venezuela is voting in new presidential election, called after the death of Hugo Chavez last month. Venezuela’s Acting President Nicolas Maduro, chosen by Hugo Chavez...
Venezuela Election: Henrique Capriles makes official complaint against Nicolas Maduro
Members of the Venezuelan opposition have made an official complaint against the government following allegations that it broke the law by continuing its electoral...
Sandy Hook mother Francine Wheeler replaces Barack Obama for presidential weekly address
Francine Wheeler, the mother of a victim of last year's Sandy Hook shootings, has replaced President Barack Obama to deliver the weekly US presidential...
Salam Fayyad resigns as Palestinian Authority prime minister
Palestinian PM Salam Fayyad has resigned, after a long-running dispute with President Mahmoud Abbas. Official Palestinian news agency Wafa said Mahmoud Abbas accepted Salam Fayyad's...
Barack Obama Tax Returns: US president’s earnings declined in 2012
According to his newly-released tax returns documents, President Barack Obama made $608,611 in 2012, down more than 20% from 2011. The decline in Barack Obama’s...
Ireland and Portugal to be granted extra 7 years to pay back bailout loans
Ireland and Portugal are to be granted an extra seven years to pay back their emergency bailout loans. The EU and the IMF bailed out...
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