Shankar besta

Personal income in the U.S. rose sharply in January while spending increased less than expected, indicating that consumers are still cautious over economic recovery.

Inflation in the eurozone was lower than initially estimated in January, but it still remained above the European Central Bank’s (ECB) target.

According to PwC, deals in defense and aerospace were at three-year high, with 17 deals in Q4 totaling over $4 billion in value.

An influential Muslim cleric Yusuf al-Qaradawi has issued a fatwa to kill Libya’s long-time leader Muammar Gaddafi.

Moody’s Investors Service on Tuesday lowered Japan’s debt Aa2 rating outlook to negative from stable, saying political stalemate in the country will restrict efforts to tackle the nation’s debt.

Germany’s public debt rose sharply last year, mainly pushed up by the government’s financial support for the ailing banks.

An Internet oligopoly is emerging among Chinese Internet enterprise such as Baidu, Tencent Holdings, and Alibaba, accounting for 70 percent of the total market value of all listed Internet companies in the country, Chinese website Hexun reported on Friday.

Russia’s leading search engine Yandex is set to raise $1 billion through an initial public offering on the NASDAQ stock exchange.

The index showing business confidence in Germany continued to improve further in February, posting gains for the ninth consecutive month.

Japan has created a covert foreign intelligence agency to spy on China and North Korea and to collect information on terrorist attacks, said a media report citing the whistleblower website WikiLeaks.

Public-sector employees in Ohio are under-compensated by 6 percent on annual basis when compared with workers in private-sector, said the Economic Policy Institute on Friday.

Apple has already secured 60 percent of the world’s touch-screen panels in 2011, a move that could make its competitors such as RIM and HP struggle in obtaining touch-screen panels for their devices, said a media report.

Libya said on Friday that it has decided to postpone indefinitely the 23rd summit of Arab League, a 22-member forum representing Arab nations, said a media report.

Indian technology companies are now looking to hire fresh engineering graduates from American universities, as stringent immigration norms and high unemployment in the US make local hiring attractive, said a media report.

Marat Mihaylich, a native of Ukraine, has topped the list of criminals wanted by the Federal Bureau of Investigation (FBI).

The UK factory orders rose in February as demand for exports from the country continued to improve. Manufacturers’ total order book balance in Britain rose to -8 in February from -16 in January, the Confederation of British Industry (CBI) survey showed on Thursday.

The Recovery Act, which was introduced by the US government in response to the Great Recession of the last decade, created or saved 3-4 million jobs and up to 5 million full-time equivalent jobs by the end of 2010, according to report.

Foreign Direct Investment (FDI) in China rose in January despite concerns over market barriers and rising labor costs in the country.

More than half of Americans believe that the economy is still in recession and are less confident on the improvement in the nation’s economic conditions over the next few months, a new CBS News poll showed.

Construction of new homes in the U.S. rose sharply during January but building permits fell surprisingly, indicating the continued weakness in the housing industry, the Commerce Department said on Wednesday.

U.S. home loan demand fell sharply in the week ended Feb. 11, recording a second consecutive weekly decline, the Mortgage Bankers Association (MBA) said on Wednesday.

The most energetic solar flare in five years is expected to unleash a powerful magnetic storm that will come down to Earth on Friday, said a media report.

The number of unemployed people in the UK rose by 44,000 to 2.49 million in the last quarter of 2010, the Office for National Statistics (ONS) said on Wednesday.

US retail sales rose less than expected in January, but recorded a gain for a seventh consecutive month.

Consumer prices in Britain rose in January, mainly led by an increase in value added tax (VAT) and rising crude oil prices.

China’s consumer inflation rose less than expected in January, as food prices continued to rise.

Retail brokerage Charles Schwab Corp scored the highest points in customer satisfaction in the US last year, overtaking Fidelity Investments for the first time, an online survey showed.

Sales revenue of Beijing's auto market in 2011 is estimated to drop by 60 billion yuan ($9.1 billion), as the city puts cap on the number of cars bought each month, said a commerce official.

China’s trade surplus fell 53.5 percent to $6.45 billion in January, as both exports and imports increased sharply ahead of the Lunar New Year holidays in the country, the General Administration of Customs said on Monday.