Nokia Shares’ Brief Rise

Tia Oja, Correspondent (Business)   ESPOO - Nokia announced in a press release on Thursday 18th October that their sales revenue had come down from 7.5 billion...

Saudi Arabia Aims at Lowering Oil Price while Iran Intends to do the Opposite

Saleh Sadi, Editor (Business)   RIYADH - Saudi Arabia acts in favour of lowering the oil costs, which is supported by majority members of the OPEC (Organisation...

Europe and China Don’t Need a Trade War

Viktor Tsvetanov, Editor (Europe)   BRUSSELS - In the heat of financial crisis, Europe should protect its industries on the global scene, but also change its approach to...

India’s Economic Woes

Filip Kuzov, Correspondent (Business)   NEW DELHI - Just a couple of years back, India was one of the fastest growing economies in the world and many...

Billabong Shares Plummet Down After Non-takeover

Iris Segers, Editor (Oceania)   QUEENSLAND - Private equity firm TPG has announced to walk away from the expected takeover of Australian surf brand Billabong, causing Billabong's...

Iran is Seeking $2 Billion Funding from China

Saleh Sadi, Editor (Business)   TEHRAN - The metro rail project in Tehran, Iran, faces delays due to lack of financing as a result of sanctions. Iran...

Nord Stream Pipeline starts working in Full Capacity

Viktor Tsvetanov, Editor (Europe) BERLIN - Commercial supply of gas has started through the second branch of the Russian-German Nord Stream, which will double up the capacity...

Sony PS3 Breaks the ‘5 Million Sold’ Barrier In The UK

  LONDON - Sony has revealed that they have sold over five million copies of the Playstation 3 since it's original release in 2007. The announcement...

Greece on Their Way out of the Eurozone?

Saleh Sadi, Editor (Business)   TOKYO - Greece is most probable to leave the Euro zone within a time frame of six month or less, stated the...

Separate Budget for Eurozone?

  Saleh Sadi, Editor (Business)   BRUSSELS - The Financial Times Deutschland (FTD) reveals that European diplomats thinking over the possibility of a separate budget of around 20...