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Friday 20.04.2018 | Name days: Mirta, Ziedīte

Oracle sues Google for 1.16 billion dollars

The technology company Oracle estimates it has suffered loses of nearly 1.16 billion U.S. dollars due to the technology giant Google allegedly violating Java technology copyrights and patent rights in its Android operating system.

16 European banks deemed «fragile»

The condition of sixteen European banks can be characterized as «fragile»; therefore, these financial institutions need additional aid, the European Commission recognized. At the same time, it is unclear which banks are not strong enough.

Estonia - eurozone leader in shadow economy

Estonian shadow economy is the biggest among the eurozone member states. Estimates show that shadow economy in Estonia could hit 28.6% of GDP this year, compared to 29.3% in 2010.

French press «buries» Europe

"Euro is not dead yet, but Europe could be. One must not necessarily have a Nobel prize in economy to get that Greece is not under threat of bankruptcy. It has already gone bankrupt," says Hervé Gattegno, editor-in-chief at French weekly Le Point.

Oil prices drop 1 dollar over investors' concerns

Brent crude drop has exceeded one U.S. dollar over concerns that the U.S. Federal Reserve System’s measures would be insufficient to recover the previously achieved economic growth. Moreover, banks point to large-scale negative risks.

Facebook connects with Twitter

Facebook users will soon be able to directly connect from their profile to Twitter account.

S&P unexpectedly slashes Italy’s rating

The international rating agency Standard & Poor's has unexpectedly lowered Italy’s long-term credit rating by one notch – from A+ to A with a negative outlook.

Construction output up 0.3% in EU and 1.4% in eurozone

Comparing July and June, construction production rose by 1.4% in EU and 0.3% in the the euro area, while growing 0.2% in EU and 1.2% in the eurozone year-on-year, according to the EU statistics office Eurostat.

Oil price dropping for second consecutive day

On Monday, September 19, Brent crude slipped below 112 U.S. dollars per barrel over Europe’s unsuccessful attempts to tackle its debt crisis at the end of last week. Thus, investors' concerns about sluggish growth in commodity demand are increasing.

Samsung strikes back at Apple

Samsung Electronics has filed a counter claim to the Australian court, accusing Apple of breaching wireless system patent conditions regarding iPhone and iPad production.

Oil price keeps falling over U.S. demand concerns

On Thursday, September 15, crude price dropped over growing fuel inventories and falling demand in the U.S. There are concerns that the staggering economic growth and the eurozone’s debt crisis will impact energy consumption.

Developers get to try out new Windows 8

During the annual developer conference, Microsoft handed out 5 000 Samsung tablets running a test version of the new Windows 8. The move is aimed at boosting interest about the new operating system.

Blast at French nuclear plant

An explosion at the southern French nuclear plant of Marcoule has killed one person and left four injured, one seriously, reports BBC.

Oil drops a dollar as investors try to avoid risks

Oil fell over a dollar on Monday, September 12, as the dollar strengthened its positions and investors shunned risks linked to the European debt crisis.

Ansip: Greece must be helped just like Latvia was

Andrus Ansip, Estonian Prime Minister says he cannot relate to people who propose to evict troubled countries, for example, Greece from the eurozone. He urges to remember about the financial situation their neigbour Latvia faced two year ago.