SWEDEN

Top 10 Most Android ‘App-Crazed’ Countries

Google’s infographic
Following Google’s recent announcement that Android Market has reached an important milestone - 10 billion downloads per month – the Internet search engine giant also released a detailed infographic that showed how the world is being driven forward by Google power.
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Commerzbank Frankfurt

European Banks' Cash Hole Grows by 7.18 Percent to €114.69 Billion

The European Banking Authority noted banks within the 27-nation European Union need to raise €114.69 billion ($152.8 billion) by June of next year in order to meet the authority's capital requirements. That amount is €8.24 billion, or 7.18 percent, more than the supranational regulator had noted on October 30. The balance sheet apparently worsened at certain banks, most notable in Germany, Belgium and Austria.
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Caution, not succession, weighs on 3M investors

With 80 days to go until 3M Co Chief Executive George Buckley hits the company's mandatory retirement age, investors seem unusually disinterested in the immediate future of the management team.
Saab

Chinese bank in Saab rescue talks

A Chinese bank is in talks about taking a stake in Saab, in the latest attempt to rescue the crisis-hit Swedish car maker after an earlier deal to secure its future ran into trouble.
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Assange to fight extradition in top UK court

WikiLeaks founder Julian Assange, who is fighting extradition to Sweden, won the right on Monday to ask Britain's Supreme Court to hear his case, prolonging his stay in Britain.
WikiLeaks founder Assange leaves the High Court in London

Assange Can Take Extradition Fight to Top UK Court

British judges ruled on Monday that Julian Assange, founder of the whistle-blowing Web site Wikileaks, could take his year-long fight against extradition to Sweden to the Supreme Court, the highest court in the land.
Safe boxes are pictured in the vault of a Swiss bank in Basel

Does BASEL Stand for "Banks Acting Silly to Enhance Liquidity?"

As banks around the world race to satisfy international capital requirements, they are going through a veritable fire sale, getting rid of non-core businesses no matter how much they will fetch. Beyond that, they are engaging in some odd transactions, including a substantial amount of balance sheet engineering.
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Moody's says may cut EU banks' subordinated ratings

Ratings agency Moody's said on Tuesday it could downgrade the subordinated debt of 87 banks across 15 European Union nations on concerns that governments would be too cash-strapped to bail out holders of riskier bank debt in times of stress.
iPhone Fire

iPhone 4 Catches Fire, Combusts Midflight on Australian Airline

The Apple product was glowing red and emitting a significant amount of black smoke when it suffered a minor explosion on a Regional Express flight from Lismore to Sydney, Australia. This is not the first time Apple's lithium batteries overheating have caused fires and combustion, and the burning iPhone 4 incident still has no definite cause from Australian authorities.
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AIDS, TB, Malaria fund forced to cut grants

The world's largest backer of the fight against AIDS, tuberculosis and malaria said on Wednesday it was cutting new grants for countries battling the diseases and bringing in a new manager to ensure better administration.
A laboratory worker looks for strains of E.coli bacteria in vegetable cells placed in a petri dish, in La Mojonera.

Europe in the Grip of Drug-Resistant Superbugs

Superbugs capable of evading even the most powerful antibiotics are increasing their grip in Europe with rates of drug resistance in one type of bacteria reaching 50 percent in the worst-hit countries, health officials said Thursday.

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