Business
Spain rattles markets as Valencia is seeking for funding help
Fears that other Spanish regions may follow Valencia in seeking a bailout from Madrid have rattled markets. A local newspaper in Murcia, one of Spain's...
Global super-rich elite hiding at least $21 trillion in secret tax havens
A major study has found that global super-rich elite had at least $21 trillion hidden in secret tax havens by the end of 2010. The...
King Juan Carlos sacked by Spanish WWF over elephant hunt
Spanish affiliate of the conservation group WWF has removed King Juan Carlos as its honorary president for going on an elephant hunting trip in...
Ali Wanis, Egypt Salafist ex-MP, convicted of violating public decency
Ali Wanis, an Egyptian radical Islamist politician, has been convicted in absentia of violating public decency after police found him fondling a woman in...
Francois Hollande and Valerie Trierweiler are living “separate lives”
France's President Francois Hollande and his partner Valerie Trierweiler are living “separate lives” and could even announce their break-up over summer, GALA Magazine has...
Al Capone’s Palm Beach mansion to be put on sale for nearly $10 million
Al Capone’s Palm Beach mansion is due to be put on sale for a wealthy history buff who enjoys the sun. The mansion has changed...
Microsoft makes the first quarterly loss in its history
Microsoft has made the first quarterly loss in its history after it wrote off some of the value of its online advertising business. The loss...
Spain: nationwide anti-austerity protests end in unrest
Police in Spain have fired rubber bullets to clear demonstrators in Madrid as a day of nationwide protests against spending cuts ended in unrest. Protesters...
Spain’s borrowing costs increased with 3 billion Euros
Debt-laden Spain has raised 2.98 billion Euros on the financial markets, but was forced to pay higher interest rates. The average yield on bonds repayable...
Apple ordered to publish announcements that Samsung did not copy iPad design
Apple has been ordered by a UK judge to publish announcements that Samsung did not copy the design of its iPad, according to the...
Shell asked to pay Nigeria $5 billion over Bonga oil spill
Nigeria's oil regulator has asked industry giant Shell to pay $5 billion for the Bonga oil spill from last December. The disclosure was made during...
HSBC allowed drug money laundering, says US Senate report
A US Senate probe has disclosed how lax controls at HSBC, Europe's largest bank, left it vulnerable to being used to launder dirty money...
Marissa Mayer, ex-Google executive, appointed as Yahoo new CEO
Marissa Mayer, a former leading Google executive, has been appointed as Yahoo next chief executive. Marissa Mayer, 37, will become the firm's third CEO in...
MSNBC.com becomes NBCNews.com after Microsoft pulled out of joint venture after 16 years
Microsoft is abandoning the joint venture that owned MSNBC.com after 16 years, freeing the world's largest software maker to build its own online news...
Research in Motion ordered to pay $147M in damages after losing patents case
Blackberry maker Research in Motion (RIM) has been ordered to pay $147 million in damages after losing a patents case. A jury in San Francisco...
Hillary Clinton meets head of Egypt’s military council Mohamad Hussein Tantawi
Hillary Clinton has met the head of Egypt's top military council, Field Marshal Mohamad Hussein Tantawi, on the second day of her visit to...
Hillary Clinton meets Egypt’s President Mohammed Mursi
US Secretary of State Hillary Clinton has held her first meeting with new Egypt’s President Mohammed Mursi. After the talks, Hillary Clinton reaffirmed Washington's support...
Mitt Romney responds to reports suggesting he was still listed on Bain’s regulatory filings
Republican candidate Mitt Romney has hit back on attacks about his record as CEO of Bain Capital in interviews with US broadcasters. "I had no...
Credit card companies and major US Banks agree to a $7.25 bn settlement over card fees
Credit card companies Visa and Mastercard and major US banks have agreed to a $7.25 billion settlement to retailers over card fees. The case, which...
JPMorgan Chase doubles its trading loss to $4.4 billion
JPMorgan Chase has raised its estimate of the value of its recent losses from trading in complex financial derivatives to $4.4 billion. The US bank...
China’s growth rate slows to 7.6% in the second quarter
China's economy has grown at its slowest pace in three years as investment slowed and demand fell in key markets such as the US...
Digg sold to Betaworks and combined to News.me
The news aggregator website Digg has been sold to Betaworks, a technology group based in New York. Digg announced the news on its blog saying...
Is Condoleezza Rice top of shortlist for becoming Mitt Romney’s VP?
Rumors of Condoleezza Rice becoming Mitt Romney’s vice-presidential running mate has increased significantly after internet pioneer Matt Drudge reported that she is “near the...
United Airlines buys 150 Boeing 737 in $14.7 billion deal
Boeing has announced an "historic" order from United Airlines for 150 Boeing 737s, in a deal worth up to $14.7 billion. The order comprises 100...
Peugeot Citroen plans to cut 8,000 jobs and close a plant outside Paris
Peugeot Citroen has set out plans to cut 8,000 jobs and close an assembly plant outside Paris as losses mount. The French carmaker said the...
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