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Ceturtdiena 23.11.2017 | Name days: Zigfrīda, Zigrīda, Zigrīds

Latvia reports the second lowest employment rate for men in EU

Last year, the highest employment rate in the European Union (EU) member states for people aged 20 to 64 years was registered in Sweden, the Netherlands, Denmark and Cyprus, while the lowest – in Malta, Hungary, Italy, Spain and Romania.

Google hopes to outrival Facebook with new social site

Google is making its most ambitious move to beat Facebook in the fast-growing social networking market and maintain a leading position in the Internet industry.

Pope Benedict sends his first Twitter message

On Tuesday, June 28, Pope Benedict XVI published his first entry at the social networking site Twitter, according to the information approved by the Vatican.

Oil surges on hopes of solving the Greek crisis

Brent crude price has neared 109 US dollars a barrel over rising optimism that Greece's economic crisis will be resolved.

Saab gains additional cash from selling Saab Property shares

Saab’s parent company – Swedish Automobile – has signed an agreement on selling 50.1% shares in the real estate company Saab Property for 19.5 million lats (255 million kronor), ensuring the much needed financial resources for the crisis-stricken Swedish carmaker.

Denmark reports the highest, while Bulgaria – the lowest prices in EU

In 2010, the price level differed throughout the EU member states. In Latvia (69%) it was mainly below the average (100%), attaining it only in the clothing industry, according to the EU central statistical office Eurostat data.

Japan’s retail drop – smaller than forecast

Although after the earthquake and tsunami wave, people in Japan refrained from excessive spending, retail sales edged down 1.3% in May 2011, which is less than projected, according to the latest government data.

Brent crude drops amongst prevailing Greek crisis

The ongoing European debt crisis is still affecting Brent crude price drop, sliding down to 105 US dollars per barrel on Tuesday, June 28, morning.

Majority of Germans distrusting euro

Over two-thirds of Germans no longer feel confidence in the euro after the Greek crisis, according to the findings of sociological studies.

Analysts: Tencent attempts to become Chinese Facebook and Twitter

The world's third largest Internet company Tencent Holdings is aiming to become China's Facebook, Twitter and Google.

EU reports massive investment drop

Due to the economic crisis, last year saw a large-scale drop in the European Union's foreign direct investments, overall plummeting 62% throughout the world, from 281 billion euro in 2009 to 107 billion in 2010.

Nokia and Siemens fail to attract investors

The technology companies Nokia Corp and Siemens AG have failed to reach an agreement with investors on selling controlling stake in the so far unprofitable joint venture Nokia Siemens Network.

World Bank: Russia in the face of Greece’s crisis

Russia's economy is based on oil prices, rather than sound macroeconomic policy. If the government does not seriously consider spending cuts, after 20 years Russia will follow Greece’s path, shouldering a massive public debt burden, indicates Sergei Ulatov, economist at the World Bank.

Russia plans to become key gas supplier in Europe

Already in October 2011, Russian gas pipe Severnij potok, whose capacity hits 55 billion cubic meters a year, will supply gas from Siberia via the Baltic Sea to Germany, which is intending to shut down 17 nuclear power plants by 2022.

European Commission and Russia sort out vegetable issue

Representatives of Russia and the European Union have signed an agreement in Moscow, stipulating immediate renewal of vegetable import from Europe into the territory of Russia.

Luxembourg - richest country in EU

Luxembourg is recognized the wealthiest country in the European Union in terms of its gross domestic product (GDP) per capita.

EU freezes assets of businessmen close to Lukashenko

The European Union governments have agreed to expand economic sanctions against Belarus by freezing the assets of three Belarusian companies closely affiliated with Alexander Lukashenko.

44 people dead after plane crash in Russia

RussAir plane Tu – 134 crashed on the highway near an airport in Russia, Karelia region on the night from Monday to Tuesday, June 21. Although initially only hard landing was announced, the situation turned out to be more serious – 44 people were killed and eight were hospitalized.