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Google Faces Antitrust Complaint In India For Possible Unethical Practices

Google
Google was targeted for unethical and anti-competitive business practices once again when a non-profit organization working on public interest issues filed a complaint against the search engine giant with the anti-trust body, Competition Commission of India (CCI), Friday. This comes at a time when Google India is already facing a formal probe on a similar complaint filed by an Indian matrimonial site.

Spain Becomes Fourth Bailed-Out Country In 17-Nation Euro Zone

Rajoy
Spanish officials appeared hesitant to recognize the reality of their country's situation on Saturday as the nation agreed to accept as much as ?100 billion ($125 billion) in a bailout of its cash-strapped financials sector by one or both of the euro zone's rescue funds.
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"vampire" skeleton

Vampire Tourism? Skeletons In Bulgaria Boost Visitor Interest

The discovery of ?vampire? skeletons in the Black Sea town of Sozopol made headlines across the globe and now the local Bulgarian media reports that tourism officials believe the frenzy can pump more blood into the nation?s growing tourism industry.
The Bank of Italy building is seen downtown Milan

Italian Banks Primed To Blow Up

Italian banks appear close to joining Spanish banks as the euro zone's latest contribution to the financial world's endangered species list.
An investor reads a newspaper with a magnifying glass in front of an electronic board showing stock information at a brokerage house in Huaibei, Anhui province April 5, 2012.

Asian Markets Rise On US, European Stimulus Hopes

Asian markets rose Thursday amid hopes that the U.S. Fed would announce another round of monetary easing and European policy makers would take concrete measures to tackle the debt crisis looming over the euro zone.
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Spain Plans High-Stakes Bond Sale

Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.
Mourners clap for Yaser Raqieh, who was killed near Hama by forces loyal to regime of Syrian President Bashar al-Assad

Assad Forces Accused Of New Massacre; 78 Dead Near Hama

Syrian troops and militiamen loyal to President Bashar al-Assad stood accused by opponents Thursday of a new massacre of scores of villagers, hours before the United Nations Security Council convenes again review the crisis.
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ECB Leaves Interest Rate Steady

The European Central Bank on Wednesday left its benchmark interest rate steady for the sixth consecutive month, keeping pressure on European politicians to more forcefully address the continent's deteriorating finances.
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Spain Says Markets Are Closing To It As G7 Confers

Spain said on Tuesday that credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies were to hold emergency talks on the currency bloc's worsening debt crisis.
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G7 To Hold Emergency Talks Tuesday; Spain Top Concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.
Prime Minister Mariano Rajoy

Spain's PM: Fiscal Union + Monetary Union = New Euro Zone

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.
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Euro Zone Unemployment Grows By 110,000 In April

Some 110,000 people were added to the unemployment rolls of the 17-nation euro zone in April, the statistical office of the European Union reported Friday, once again setting a record high, as every country in the common currency agreement save for Austria, Germany and Ireland reported a deteriorating labor condition. The unemployment rate held steady at 11 percent.
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Downtrend Continues

Yesterday morning the Chicago PMI Data came in quite weak with a reading of 52.7 versus and expectation of 56.7.
Banking on superhero

Spurned by Saviors, Spanish Bank Turns to ... Spider-Man

Facing what seem to be minute-by-minute rejections of various bailout scenarios, Spanish bank Bankia S.A. -- the country's fourth-largest financial institution, which is currently embroiled in a crisis of insolvency -- is putting its faith in the web-shooting hands of a Marvel Comics superhero, Spider-Man.

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