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Monday 22.01.2018 | Name days: Austris

Greece not to hold referendum

The Greek Prime Minister George Papandreou has given up the idea of holding a referendum on the EU’s offered rescue package to Athens in order to save the country from debt crisis.

Earth’s seven-billionth inhabitant granted ton of oranges

South African farmers have granted the Earth’s seven-billionth inhabitant – the newborn Pyotr Nikolaev from Kaliningrad – a ton of oranges.

Greece’s government on the brink of collapse

Several ministers of Greece have opposed the Prime Minister George Papandreou’s idea to hold a referendum on accepting the EU's rescue program for Athens.

ECB slashes interest rates

At a meeting on Thursday, November 3, the European Central Bank decided to cut the interest rate for main refinancing operations of the Eurosystem by 25 basis points.

Apple releases software to prevent iPhone battery glitches

Apple intends to release a software update for iOS 5 operating system, admitting to certain shortcomings in the new iPhone 4S battery operation, as several Apple clients have complained about this.

Oil price drops more than one dollar

On Thursday, November 3, Brent crude price dropped by more than one U.S. dollar, decreasing for the fifth consecutive session, which is the longest reduction period since June 2011.

Swedbank: Greece default would undermine European banking sector stability

The recent events in Greece and the euro zone once again show that the political decisions, even in a such a small country like Greece, can significantly affect the economic development throughout the European Union. This time, unfortunately, the impact is negative, indicates Swedbank economist Lija Strasuna.

The Japanese - world's most pessimistic people

Nigeria, Egypt, China and India population think the future looks promising. They expect it to bee good or rather good, while the more pessimistic people with regard to their economic prospects live in Japan, Great Britain, Spain and France.

Oil falls for fourth day in a row amid Greek crisis

Brent crude dropped for the fourth straight day on Wednesday, November 2, the longest losing streak since September 2011.

Richter: European Union close to collapse

Given that the European Union is close to a collapse, Europe needs to show solidarity, says Frank-Jürgen Richter, Chairman of Horasis: The Global Visions Community, an independent international organization committed to enacting visions for a sustainable future.

Greece promises a referendum on EU proposals

Greece is to hold a referendum on the new European Union’s (EU) rescue package, which is aimed at solving the country’s debt crisis, points out the Greek Prime Minister George Papandreou.

Panasonic could face biggest loss in a decade

Japanese electronics manufacturer Panasonic has come up with a forecast it could pose annual net loss of 420 billion yen (LVL 2.7 billion), which would account for its biggest loss in a decade.

Japan to lend a helping hand to Europe

Japan govenrment has announced it is ready to keep investing in the European Finance Stabilization Fund, while the eurozone believes that the debt crisis can be tackled without any outside help.

TOP 25 of world's best employers published

The institute Great Place to Work has published a rating of the world's TOP 25 best employers. Microsof was awarded the first place.

Oil price shrinks on stronger dollar

Oil price dropped on Monday, October 31, amid strong dollar and poor demand for oil products, while the dollar was up to a three-month high against the yen after Japan intervened in currency markets.

Nordea: loans to become more expensive

The recent decision on banks recapitalization taken in the EU summit will reflect also in the activities of Finnish banks, according to Nordea bank experts.

Samsung outruns Apple

Samsung Electronics overtook the leading world's smatphone maker Apple in July-September performance by posting a 44% climb in shipments.

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