GERMANY

Amazon.com Inc is setting up its first fulfillment center in India as the world's largest Internet retailer tries to break into the world's second most-populous nation.

Plans to launch a European ratings agency to compete with Standard & Poor's, Moody's Investors Service, and Fitch Ratings are at an advanced stage, and a new private institution could start business as soon as the first half of this year, German businessman Roland Berger told an Italian newspaper.

The representatives of Greece's private creditors left Athens unexpectedly on Saturday without a deal on a debt-swap plan that is vital to avert a disorderly default, sources close to the negotiations told Reuters. Negotiations will continue over the phone during the weekend.

Disney Fantasy, the fourth cruise ship of U.S. shipping company Disney Cruise Line, is all geared up first sailing in March, as the ship left its shipyard in Germany on Friday.

European Union ministers meeting on Monday will attempt to reach agreement on a new treaty enforcing stricter budget controls in the Eurozone that could allow the bloc's highest court to fine countries that do not adopt key rules.

Major powers signaled on Friday their willingness to reopen talks about curbing Iran's suspected pursuit of nuclear weapons but said Tehran must show it is serious about any negotiations.

Oil prices fell on Friday, pressured by economic uncertainty ahead of a possible debt deal in Greece, concerns about China's sluggish manufacturing sector, and weak U.S. petroleum demand.

Amazon.com Inc is setting up its first fulfillment center in India as the world's largest Internet retailer tries to break into the world's second most-populous nation.

The last public days of the 2012 North American International Auto Show are winding down in Detroit. Here's a look back at the top cars at the show:

French President Nicolas Sarkozy on Friday warned against military intervention in Iran, fearing that it would not stop the Islamic Republic's nuclear weapons program, but instead bring more chaos to the region.

Mobile telecoms network equipment market leader Ericsson and rival ZTE have settled a dispute over patents that will see the up-and-coming Chinese company pay royalties to the Swedish firm.

Time experts were deadlocked on Thursday over whether to scrap "leap seconds" which are occasionally added to clocks to stop them running ahead of the sun.

European safety authorities are set to order airlines to carry out checks on almost a third of the current Airbus A380 fleet after the discovery of wing cracks on the world's largest jetliner, aviation sources said Friday.

Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.

Europe's telecom shares have long been seen as safe houses when the wolf is at the door, but recession, fierce competition and costly network upgrades are huffing and puffing at their capacity to pay generous dividends.

The 7.5 billion euro ($9.7 billion) rights issue by UniCredit SpA looks set to be almost entirely taken up, allowing it to meet tougher capital requirements being imposed on the euro zone's beleaguered banks.

EU states and the European Parliament have cancelled Monday's talks aimed at striking a deal to tighten laws on the $700 trillion derivatives market, after the states failed to settle on a negotiating position.

The shutting down and indictment of owners and operators of the video locker service Megaupload, hot on the heels of unprecedented online blackouts against the proposed anti-piracy bills concluded hours before, has come as a shocker to the Internet community.

A German court ruled against Samsung Electronics Co in a patent suit versus Apple, another leg in a long legal battle as the two technology giants jostle for top spot in the booming smartphone and tablet markets.

Samsung Electronics Co said on Friday a German court ruled against it in a patent lawsuit versus Apple over mobile technologies, part of a global legal battle the technology giants are waging.

The U.S. government shut down the Megaupload.com content sharing Web site, charging its founders and several employees with massive copyright infringement, the latest skirmish in a high-profile battle against piracy of movies and music.