Berlin: Germany’s big energy companies are making profits despite a government decision to phase-out atomic energy, industry experts said. At the top of the positive trend is the market leader E.on, which has more than tripled its profits in the first half of 2012, the German news agency DAPD reported [...]

Moscow: Ten Italian cities are facing bankruptcy as they are unable to fulfil their budget commitments, Italian newspaper La Stampa reported Tuesday. Graziano Del Rio, president of National Association of Italian Municipalities, told the paper that many schools in Naples, Palermo in Sicily, Reggio di Calabria, Alessandria in Piedmont and [...]

Washington: US airline traffic continued its momentum in April after four consecutive monthly increases, the US transport department has said. US airlines carried 61.5 million domestic and international passengers in April, 1.6 percent more than in the same period of 2011, Xinhua quoted the department as saying. Specifically, there were [...]

Mumbai: Tata Consultancy Services, the country’s largest software services exporter, Thursday announced a 37.4 percent rise in net profit for the quarter ended June 30, 2012, helped by increased demand for outsourcing and a weaker rupee. The company’s net profit grew by 37.4 percent to Rs.3,318 crore in the first [...]

Kolkata:Panasonic India has set an ambitious target to emerge as a $5 billion (Rs.25,000 crore) turnover company within 2015 by drawing up investment plans worth $300 million (around Rs.1,500 crore), a top company official said here Monday. “We want to be a $5 billion company by 2015,” managing director (consumer [...]

Vienna: The price of 12-crude basket of the Organisation of Petroleum Exporting Countries (OPEC) Monday stood at $97.34 per barrel. Last Friday, the basket price was $95.87 per barrel, according to the OPEC Secretariat. The new OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend [...]

Kiev: The Ukrainian government plans to sell its stake in the country’s second largest air carrier AeroSvit in 2012-2013, a government agency said. The government has a 22.394 percent stake in the air carrier, according to the State Property Fund of Ukraine. The nominal value of the stake for the [...]

Madrid: The ranks of Spain’s unemployed expanded by nearly 366,000 in the first quarter to a record 5.63 million, or 24.44 percent of the workforce, the government said Friday. The number of households in which all members are out of work climbed by 374,300 to more than 1.7 million, according [...]

Washington: Proving the sceptics wrong again, Apple nearly doubled its profit last quarter thanks to much stronger-than-expected iPhone sales to raise the cash hoard of world’s most valuable company to an astounding $110.2 billion. Apple said Tuesday it sold 35.1 million iPhones during the first three months of 2012, soundly [...]

Cairo: Egypt has terminated a long-term gas deal with Israel because of violations of contractual obligations, Egypt’s daily al-Ahram reported. The Egyptian Natural Gas Holding Company’s decision Sunday comes after a string of cross-border pipeline attacks in the 14 months since Egyptian president Hosni Mubarak’s ouster last February. The move [...]