Business
Novartis patent plea for Glivec new version rejected by India’s Supreme Court
India's Supreme Court has rejected a plea by Swiss drugmaker Novartis to patent an updated version of its cancer drug, Glivec. Novartis had been denied...
Unusual tax write-offs made and allowed by the IRS
A list of unusual IRS (Internal Revenue Service) claims that did get approved includes the woman who claimed her breast implants were a business expense...
Giorgio Napolitano names 10 “wise men” to form new government in Italy
President Giorgio Napolitano has asked a select group of people to offer a policy platform to end the impasse in forming a new government...
Bank of Cyprus haircuts big depositors up to 60%
Bank of Cyprus depositors with more than 100,000 euros ($128,200) could lose up to 60% of their savings as part of the EU-IMF bailout restructuring...
Uhuru Kenyatta election victory upheld by Kenya’s Supreme Court
Uhuru Kenyatta has fairly won the country’s presidential election, Kenya's Supreme Court has ruled today rejecting several petitions challenging the vote. Chief Justice Willy Mutunga...
Giorgio Napolitano invites select group of people to form new Italian government
Italy’s President Giorgio Napolitano has said he will ask a select group of people to offer a policy platform to try to end the...
BlackBerry Z10 sales hit 1 million in Q4 2012
BlackBerry announces it has sold one million of its new Z10 smartphones in Q4 2012. In better than expected results BlackBerry said it made profits...
Cyprus eases some bank restrictions
The Central Bank of Cyprus has decided to ease some of the restrictions imposed as the country's banks reopened, following the bailout deal. Debit and...
Silvio Berlusconi rejects technocratic government idea
Former prime minister and centre-right leader Silvio Berlusconi says he is against the idea of a new technocratic government for Italy like that led...
Cyprus has no intention of leaving euro currency
Cyprus President Nicos Anastasiades says his country has no intention of the leaving the European single currency. Nicos Anastasiades said: "In no way will we...
Amazon buys Goodreads website
Amazon has announced it will buy Goodreads, a book discovery and recommendation website. San Francisco-based Goodreads was founded in 2007, has 16 million members and...
S&P 500 closes at record high after more than 5 years
The S&P 500 index closed on March 28 at a record high of 1,569, up 6 points or 0.4%. The last time the S&P 500...
Monsanto Protection Act signed into law by Barack Obama
President Barack Obama has signed the so-called Monsanto Protection Act bill into law. The bill, the HR 933 continuing resolution, was written in part by the...
What happened with Cyprus banks money?
The Cypriot banks offered depositors really good rates of interest - as high as 4.75% for long-term accounts - which attracted not only local...
IMF board backs Christine Lagarde despite French inquiry into alleged abuses of power
The International Monetary Fund has said it continues to have "confidence" in its managing director Christine Lagarde despite a French inquiry into alleged abuses...
Cyprus banks reopen amid tension over possible large scale withdrawals
Cyprus banks have reopened after a two-week closure sparked by the EU-IMF bailout negotiations, amid tension over possible large scale withdrawals. Branches were replenished with...
Cyprus banks to reopen on Thursday at noon after two weeks of crisis
Cyprus banks are to reopen on Thursday at 12:00 p.m. local time, two weeks after they closed to prevent a bank run as a...
Ford Figo Berlusconi ads: JWT India sacks employees over controversial adverts
JWT India has decided to sack employees over a series of controversial Ford Figo advertisements, including one showing former Italian PM Silvio Berlusconi with...
Yiannis Kypri, Bank of Cyprus Group CEO, ousted by central bank governor
Yiannis Kypri, chief executive of Bank of Cyprus, the biggest bank in the country, has been ousted by the central bank, state media has...
Cyprus bank deposits over 100,000 euros could be cut by 40%
Cypriot Finance Minister Michalis Sarris has confirmed that the depositors with less than 100,000 euros in their accounts "will not be hit". People with more...
Cyprus banks remain closed until March 28
All Cyprus banks will remain closed until Thursday, March 28, the central bank has announced. Temporary measures will be placed on transactions when they reopen...
Cyprus banks to reopen on March 26 with temporary limits to be placed on financial transactions
Cyprus banks are to reopen on Tuesday, March 26, although the two at the centre of the crisis, Bank of Cyprus and Laiki, will...
US and European markets fall despite Cyprus bailout deal after Jeroen Dijsselbloem’s remarks
European and US stock markets have fallen again after the head of Eurogroup suggested that the Cyprus model, which involves a tax on bank...
Asian markets rise following Cyprus bailout deal agreement
Asian markets and the euro have risen after EU officials agreed a bailout deal for Cyprus, easing fears that the country’s banking system problems...
Jessica Upshaw death: Mississippi Republican Rep found shot dead at former state Rep Clint Rotenberry home
Mississippi authorities are investigating the death of State Representative Jessica Upshaw, who was found dead in a suspected suicide at the home of former...
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