Archive for November, 2008

Pharmaceutical firms blocked competitors, Brussels says »

Brussels  – Pharmaceutical companies in Europe have regularly tried to block cheaper products made by their rivals, costing consumers and taxpayers some 3 billion euros (3.9 billion dollars) in extra bills, European Union officials said Friday.

British government to become major stakeholder in RBS bank »

London  – The British government is to own a majority share of almost 58 per cent in the Royal Bank of Scotland (RBS) after shareholders failed to take up a rights issue to inject new capital into the ailing bank.

US diver accused of murder in Australia »

Sydney  – US citizen Gabe Watson was one step closer to facing a murder trial in Australia on Friday after he was served with a notice to appear in court in the Queensland city of Townsville in February.

Germany’s Commerzbank to speed takeover of Allianz’s Dresdner Bank »

Frankfurt  – German bank Commerzbank announced late Thursday that it would accelerate its planned takeover of Dresdner Bank from the current parent, insurance group Allianz, at barely half the earlier price.

What property bubble? Belgrade renters still cramped »

Belgrade  – When web designer Petar Jakovljevic found a cramped two-bedroom apartment close to downtown Belgrade for 70,000 euros (90,000 dollars), he jumped at the chance.

HIV protection: Could pills work wonders against HIV? »

New York /Bethesda, Maryland  – Anti-HIV medicines have rescued tens of thousands or perhaps even millions of people from what was once certain death from AIDS.

Ajax come to life again with win in Hamburg »

Hamburg – The concept of total football was nowhere to be seen, but Thursday night’s 1-0 victory at SV Hamburg was a sign that Ajax Amsterdam are coming back to life.

Milan, CSKA progress as City, Spurs move closer »

Hamburg  – A late strike from Filippo Inzaghi was enough to salvage a 2-2 draw for AC Milan away to Portsmouth in the UEFA Cup Thursday and book the Serie A side’s place in the tournament’s knockout stages.

Nokia to pull out of Japan »

Helsinki – The world’s largest mobile phone maker, Finnish- based Nokia, said Thursday it was to stop selling and marketing its mobile devices in Japan over poor sales.

German jobs threat grows despite fall in unemployment »

Berlin – Despite the deepening sense of gloom engulfing the world economy, German unemployment fell more than expected in November, the nation’s Labour Office said Thursday,