Mafia now ‘Italy's No.1 bank’ as crisis bites: report
Organized crime has tightened its grip on the Italian economy during the economic crisis, making the Mafia the country's biggest ‘bank’ and squeezing the life out of thousands of small firms, accordin
Kodak sues Apple, HTC over digital image patents
The struggling Eastman Kodak Co (EK.N) on Tuesday sued Apple Inc (AAPL.O), whose market value is more than 2,400 times greater, accusing it of infringing four patents related to digital camera images.
Restrictions on FDI in single-brand retail lifted
India formally eliminated restrictions on foreign investment in its single-brand retail sector on Tuesday, opening the door to the likes of Swedish furniture giant IKEA to open stores in Asia's third-
Air India debt restructuring rejected by lenders: Report
A debt restructuring plan for troubled national carrier Air India has been rejected by the airline's lenders, the Business Standard newspaper reported on Wednesday, as bankers refused to take a stake
Infosys Q3 profit seen up 30 per cent
Software companies are bracing for a slower pace of outsourcing contracts in 2012 when they kick off quarterly earnings this week because of the lingering debt crisis in Europe, their biggest market a
U.S. probes alleged hacking by India govt spy unit
U.S. authorities are investigating allegations that an Indian government spy unit hacked into emails of an official U.S. commission that monitors economic and security relations between the United Sta
AV Birla Group eyes Lafarge South Africa arm - report
Aditya Birla group is evaluating a possible buyout of the South Africa operations of France's Lafarge SA, the world's largest cement company, the Business Standard newspaper reported on Monday, citing
For eurozone, the heat is on again as bickerings continue
The eurozone crisis seemed to vanish from the headlines for a brief moment as 2011 ticked over into 2012, but it is about to return with a vengeance.
The coming months will be decisive in determining
Australian survives terrifying fall after bungee snaps
An Australian woman has survived a terrifying fall after her bungee cord snapped during a 111-metre (364-feet) leap off Africa's Victoria Falls Bridge, plunging her into the crocodile-infested Zambezi
Magpies and bears mourn North Korea's ‘Dear Leader’
The passing of North Korean strongman Kim Jong-il has been marked by plunging temperatures, mourning bears and now, according to North Korean state media, by flocks of magpies.
Kim, who died in Decem