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  • Large rally places job demands on Italian government Large rally places job demands on Italian government

    Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...

  • Americans happier with economic figures Americans happier with economic figures

    Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...

  • Work starts on creation of new Dubai island Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Financial Times allegedly hacked by Syrians Financial Times allegedly hacked by Syrians

    Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...

  • Target looks for new ideas from digital world Target looks for new ideas from digital world

    Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...

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  • Hackers target important Saudi websites

    The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...

  • Metals Stocks Gold extends losing streak as bearish bets rise

    LOS ANGELES (MarketWatch) -- Gold futures dropped Monday, facing an eighth straight session of losses, with data showing an increase in bearish bets on the precious metal, while silver futures were on track for their steepest decline in a ...

  • Ryanair profits and customers rise

    Europe will dampen growth this year.The Dublin-based company, which operates on more than 1,600 routes, carried 79.3 million passengers in the year to 31 March, an increase of 5% on a year earlier as revenues improved 13% to EUR4.8bn (4.1bn).Post-tax profits rose to EUR569m and the airline is hopeful of another rise this year, albeit at a slower rate of growth as economic conditions put pressure ...

  • High inflation here to stay says leading forecaster

    inflation was here to stay.The Ernst & Young Item Club, which uses the Treasury's model of the UK economy for its forecasts, estimates that persistently high inflation has already knocked almost 3% off UK growth in the last three years.It expects inflationary pressures to peak over the summer and said it is unlikely the CPI measure will dip below 2.5% over the next four years.While the ...

  • Yahoo expected to announce acquisition of Tumblr for $1.1bn

    Marissa Mayer, the former Google executive who is now chief executive of the listing web content company, is signalling a desire to give the company more social media strength and Tumblr, which was founded in 2007 by David Karp, then 21, in a bedroom in his mother's apartment in New York, is the lucky entrepreneur to ...

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