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Australia safe from Tsunami threat despite warnings.

Tsunami Warning System For Indian Ocean set

Six years after the tsunami disaster of December, 26, 2004, a technical set-up of tsunami early warning system for the Indian Ocean has been completed, researchers say.

EU vehicle production up 15% in first nine months

Vehicle production in European Union rose by 15% in the first nine months of 2010 compared to the same period in 2009, the European Automobile Manufacturers Association (ACEA) said Thursday.

Germany running out of patience with weaker euro nations

Germany's Chancellor Merkel addresses a news conference at the end of a EU leaders summit in Brussels

Although some progress appears to be being made in the euro zone sovereign debt crisis – including the passage of an austerity budget by the Greek Parliament today and a capital injection into Allied Irish Bank (NYSE: AIB) – the most important member of the euro currency bloc, Germany, is unlikely to foot the total bill that will be required to truly resolve this issue.

Sony Debuts iTunes Competitor

Sony announced its monthly subscription based streaming music service, Music Unlimited powered by Qriocity, has made its official debut in the United Kingdom.

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Soros speaks with Buiter at "Emerging from the Financial Crisis" annual conference in New York

Europe faces new wave of bank failures and sovereign defaults: Citigroup economist

Unless the European Union (EU) formulates an effective response to the ongoing debt crisis in Europe, the continent faces a new wave of bank failures and a string of sovereign defaults, according to Willem Buiter, the chief economist at Citigroup.

What IHS predicts for global economy in 2011

Contrary to the prevailing view, the U.S. economy will gain growth momentum in the year ahead, while GDP will grow stronger in Europe and Japan, research firm IHS Global Insight has said in its forecast for 2011.

Porsche extends deadline for 1 mln fans on Facebook celebration

German automaker, Porsche has extended the deadline for people to be part of its 1,000,000 fans celebration on its official Facebook page till January 15, 2011.

People enter a shop during winter sale in Hamburg

German consumer confidence outlook slips slightly

Consumer confidence in Germany is slipping, as people are unsure about the economic recovery in the region and their personal income, a survey said on Tuesday.

Soros waits to deliver speech in Berlin (file photo)

Peripheral European countries will continue to weaken: Soros

Billionaire investor George Soros is not happy with the way European officials are currently dealing with their peripheral debt crisis and thinks their policies will only further weaken these countries.

Travelers, air passengers stranded as Europe freezes due to heavy snowfall

Heavy snow and ice grounded air travel across Europe for a third day on Monday leaving thousands of passengers stranded even as airports struggled to clear a backlog of flights cancelled or delayed by snowfalls.

InterMune skyrockets on EU panel recommendation of lung drug

InterMune Inc. (Nasdaq: ITMN) soared 144.50 percent on after a European advisory panel recommended that Esbriet, the company’s lung disease drug, be approved for sale in the European Union (EU).

EU needs a 'grand bargain' with Germany: ECFR

The European Union (EU) needs a 'grand bargain' with Germany to fundamentally redesign its economic structure.

Prelude to PlayStation phone: Sony announces PlayStation apps for iPhone and Android

Sony has announced that it is bringing its PlayStation platform experience on iPhone and Android via apps.

Top Pre-Market NASDAQ Gainers (ITMN, YRCW, TTWO, ORCL, CSUN)

The top pre-market NASDAQ stock market gainers are: InterMune, YRC Worldwide, Take-Two Interactive Software, Oracle, China Sunergy, Veeco Instruments, Research In Motion, China MediaExpress Holdings, Powerwave Technologies, and MIPS Technologies.

German Chancellor Merkel and Luxembourg's PM Juncker read a paper during an EU leaders summit in Brussels on Dec.17, 2010.

EU accord on bailout plan fails to address peripheral woes

European Union leaders said last night differences over amending the EU treaties to make way for a permanent crisis mechanism have been papered over, but the market response to the development was muted as doubts still remained over key features of the deal.

Shoppers walk towards the main entrance with a sign announcing the opening hours of Berlin's famous KaDeWe department store.

Germany continues to see good climate for business: Ifo Survey

Business sentiment in Germany continued to improve for the third straight month in December, helped by better conditions in retailing and wholesaling, according to the Ifo Business Survey.

Top After-Market NYSE Movers

The top after-market NYSE gainers on Thursday are Office Depot, Accenture, Salesforce.com and American Express. The top after market NYSE most active stocks are Citigroup, Boston Scientific, Sprint Nextel Corporation and Bank of America.

Nokia Files Fresh Patent Violation Suit Against Apple

Nokia has filed fresh patent infringement claims against Apple in the UK, Germany and the Netherlands, alleging that Apple infringed its patents in many of its products sold in these countries, including iPhone, iPad and iPod Touch.

Eurozone manufacturing PMI rises moderately

Eurozone manufacturing PMI touched an 8-month high in December while composite output index fell, according to a survey.

Europe should expand its sovereign bailout fund: experts

Many experts in the private sector favor expanding the size of the 750-billion euro European Financial Stability Facility (EFSF), which was created to bail out European countries under sovereign debt pressures.

Nouriel Roubini, New York University Professor of Economics and co-founder and chairman of Roubini Global Economics.

What Roubini predicts for major global economies in 2011

Roubini Global Economics (RGE) has predicted that global economy's growth next year will be marginally weaker than this year, with eurozone holding the biggest risk to global growth, and that the U.S. will not emerge any time soon from the worst unemployment crisis it has faced in decades.

European Union car sales slump 7.1 pct in November

Registrations of new passenger cars in Europe decreased by 7.1% amounting to 1,069,268 units, the European Automobile Manufacturers Association said Wednesday.

Britain's Prime Minister David Cameron speaks to India's Trade Minister Anand Sharma during their meeting at number 10 Downing Street in London

What exactly is an emerging market anyway?

Some of the so-called emerging markets have advanced to a point where they might be considered “developed” -- or not, depending on one’s views and criteria. Further complicating this picture is the arrival of “frontier” markets – countries even less developed than the emerging markets, but boasting even greater long-term growth potential.