- Iceland has entered into an agreement to repay losses incurred by the U.K. and Netherlands governments in connection with the collapse of the Icesave bank in 2008, according to the Dutch government.
- The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
- Europe's biggest tour operator TUI Travel reported a full-year pretax loss, blaming weaker trading in the UK, mainly due to increased winter losses resulting from capacity-led volume reductions. However, underlying pretax profit rose 4 percent on good turnaround progress.
- The force of political will binding together a seemingly crumbling euro zone is still strong, but the imperatives of domestic economic realignments could force members to an exit option, analysts have said; and the road out of the bloc doesn’t exactly look daunting.
- The technology used by Wikileaks to maintain anonymity could be the Onion Router which is also used by U.S. Navy.
- The European Union (EU) has lifted visa requirements for tourists from Taiwan under the EU visa-waiver program, and the move is expected to increase the number of arrivals from Taiwan by at least 30 percent.
- From the clear skies of Canary Islands in Atlantic Ocean to the Northern lights that marvel in the skies on North Pole, here is a list of best places for enjoying astronomy tourism in the world. Read on and the next time you are planning a vacation, these places are sure to top your list of destinations.