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Brazil posts record auto sales in 2010

Automobile sales in Brazil reached record high for the fourth consecutive year in 2010, as the country is expected to witness the fastest growth in more than two decades.

Skype details outage causes

Server overloads and a bug in Skype for Windows are the reasons behind the network becoming unusable for millions of users two days before this Christmas.

Czech rules out Euro adoption

Czech government ruled out adopting euro as its currency for now and the country will not put any effort to enter the exchange rate mechanism next year, said the nation’s Prime Minister Petr Necas on Thursday.

Moody’s cuts Ireland rating by five notches

Moody's Investor Services on Friday downgraded debt-stricken Ireland's rating by five notches, citing the country’s troubled banking sector, uncertain economic outlook and decline in the Irish government's financial strength.

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