News
US to meet China in Washington to tackle thorny issues
May 09, 2011Top US and Chinese officials will be meeting for two days in Washington, starting this Monday. The heads of 16 US government agencies and representatives from 20 Chinese government departments will discuss the most difficult issues in a complex, interdependent...
North Korea 'behind South Korean bank cyber hack'
May 03, 2011Prosecutors in South Korea say North Korean hackers were behind an attack that paralysed a leading bank last month. Banking operations at Nonghyup, a South Korean farm co-operative, were halted by the cyber intrusion, leaving customers unable to access...
US dollar and shares climb on news of Bin Laden's death
May 02, 2011The US dollar has rebounded and stock markets gained in Asia and Europe after US President Barack Obama said Osama Bin Laden had been killed. Oil prices slid more than 1%, while "safe havens" such as gold and silver also lost value. Analysts...
Repair of Parliament building put off till nobody knows when
April 28, 2011The repair works in the Parliament Building, which was badly damaged and subjected to arson and plundering by young democracy defenders on April 7, 2009, have been suspended and put off for an uncertain time. Ekaterina Grigorean of the Ministry of Regional...
Management board of investment-attraction programme approves 20 projects
April 28, 2011The management board of the PARE 1+1 programme for attracting remittances from abroad to Moldova's economy approved 20 investment projects for various Moldovan regions. Over 6 million lei (over 350,000 euros) has been earmarked to co-finance the...
Egypt gas pipeline to Israel and Jordan explodes
April 27, 2011A pipeline carrying gas from Egypt to Israel and Jordan has exploded after an attack by an armed gang in the north Sinai area of Egypt. A tower of flames shot into the air and forced the pipeline to be shut down, Egyptian security officials say. It...
Nokia to shed 7,000 staff as part of reorganisation
April 27, 2011Mobile phone maker Nokia has announced it will shed 7,000 jobs as part of a plan to refocus the company on smartphones. Nokia said the majority of the job losses would be in Denmark and Finland, with a total of 700 jobs going in the UK. The plan will...
Japan debt outlook cut to negative on rebuilding costs
April 27, 2011Japan's sovereign rating outlook has been cut to negative by Standard & Poor's (S&P) in the wake of the devastation caused by last month's earthquake and tsunami. The ratings agency said that reconstruction efforts are likely to further increase...
UK economy grows by 0.5% in first quarter of 2011
April 27, 2011The UK economy grew by 0.5% in the first three months of the year. The Office for National Statistics' (ONS) first estimate of economic activity shows a recovery from the 0.5% contraction recorded for the last three months of 2010. The news alleviates...
Moldovan parliament ratifies loan agreements with European banks on road restoration
April 26, 2011A mission of the International Monetary Fund (IMF), headed by Nikolay Gueorguiev, will come to Moldova on 27 April to carry out the third assessment mission of the programme implemented by Moldova with the IMF support via the Extended Credit Facility...