Swedish retailer IKEA unveiled its interpetation of an integrated television on Monday, called the UPPLEVA, which means to experience. Even though Apple's late founder Steve Jobs had envisioned such a TV for his own company, it looks like IKEA will be the first to ship such an experience.
Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
This year's April 20th (a.k.a. National Weed Day) is being celebrated by the film community in two ways. Magnolia pictures is set to release the groundbreaking documentary Marley, based on the thoroughly intriguing life of Rastafarian sensation Bob Marley. In addition, the edgy California 90420 will also hit theaters. The film provides a radical exploration of the marijuana trade in the state of California.
The International Monetary Fund on Tuesday raised its projection of growth in the U.S. gross domestic product to 2.1 percent this year and 2.4 percent next year, from 1.7 percent in 2011.
The Spaniard got further recognition when he helped his team demolish Manchester United last month in the Europa League.
Spanish sovereign bond yields edged above 6 percent on Monday as investors grew wary of the government's continued struggles to reduce the deficit and improve labor market competitiveness.
Chelsea’s Billionaire Russian owner Roman Abramovich has drawn up an eleven man shopping list for the Blues this summer and will effectively hand over the list to the new manager the Blues will look to appoint at the end of the season.
Heavy weapons fire echoed through the capital of Guinea-Bissau Thursday, witnesses said, and soldiers surrounded the residence of former Prime Minister Carlos Gomes Junior, the frontrunner in a presidential election.
Risky assets rose on moderate volume and moderately bad news Thursday, as investors seemed to be placing a paradoxical bet that a slowdown in economic growth would jolt the U.S. central bank into action -- inflating the prices of stocks, commodities and other assets -- while at the same time assuming the slowdown would not be so harsh as to throw the current recovery completely off track.
After ending exports to Spain and Greece, Iran continued with its counter-sanctions against the European Union on Wednesday by cutting oil exports to Germany.
Gold inched higher on Thursday after falling to a near three-month low the previous day as weaker prices tempted some buyers, but gains were capped by a stronger dollar and fading hopes for a fresh round of monetary stimulus in the United States.
Last year we woke up to headlines involving the home of the Acropolis and one of the worst debt situations in recent history – Greece.
Wall Street stocks were looked likely to open lower open on Wednesday, despite good private sector payrolls data, as investors digested minutes from the latest Federal Reserve meeting published Tuesday suggesting further monetary stimulus action is unlikely.
Investors re-adjusted their value calculations for risky assets on Tuesday, selling off stocks, bonds and all manner of commodity futures after the Federal Reserve released minutes from the most recent meeting of its rate-setting committee. The minutes strongly suggested that the U.S. central bank was backing away from the possibility of further monetary easing in the short-run, including any kind of quantitative easing.
Ongoing fiscal troubles in the 17-state currency area have cut share prices of numerous European companies, making them attractive to suitors from abroad.
Jurre Hermans, an 11-year-old boy from the Netherlands, has astounded economists by offering a simple solution to the problem of Greek solvency in the European Union. He has been awarded a special mention for the prestigious Wolfson Economics Prize. Five shortlisted entrants have also been announced.
Royal Bank of Canada (TSE:RY), the country's largest bank, said Tuesday it will acquire the 50 percent of RBC Dexia Investor Services Ltd. it does not already own from its joint-venture partner Banque Internationale à Luxembourg S.A. for C$1.1 billion ($1.1 billion) in cash.
Two Brazilian industrial titans are circling a big Portuguese cement maker in the latest sign that the euro zone's recession is cutting the value companies based in struggling European countries and making them takeover targets.
Unemployment in the euro zone grew to 10.8 percent in February, up from 10.7 percent in the prior month and the highest since the euro was adopted as a currency, Eurostat, the statistical arm of the European Commission, said Monday.
The unemployment rate in the eurozone increased to its highest level in 14 years in February, as the region’s faltering economic growth left more than 17 million people jobless in the month.
Where to watch a live stream online of the U.S. women Vs. Japan in the Kirin Challenge Cup, plus a full preview.
Finance ministers from the 17-member currency area agreed to combine, for one year, a pair of rescue funds meant to help avert a default by Spain, Italy or Portugal, or a repeat by Greece, which warned that a third bailout might be necessary.
