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Miesiąc: luty 2012

ECB loans out €529.5 billion

ECB loans out €529.5 billion

The European Central Bank announced Wednesday that banks borrowed €529.5 billion, or $712.4 billion, under a highly-anticipated lending program aimed at preventing a credit crunch in Europe.

Google’s Schmidt warns of 'digital caste system’

Google’s Schmidt warns of 'digital caste system’

Advancements in Internet technology are creating a new digital divide that threatens to widen the gap between the world’s rich and poor, Google Chairman Eric Schmidt said in his annual Mobile World Congress keynote address on Tuesday.

S&P downgrades Greece

S&P downgrades Greece

Standard & Poor’s downgraded Greece’s credit rating Monday to „selective default” after the government took legal steps to impose losses on all holders of Greek government bonds.

U.S. automakers face tough times in China

U.S. automakers face tough times in China

No one can be blamed for forgetting Big Trouble in Little China, the 1986 adventure-comedy flop starring Kurt Russell. But U.S. automakers may be starring in its soon-to-be panned sequel: Big Trouble in Big China, with Dan Akerson, Alan Mulally, and Sergio Marchionne in leading roles.

Apple and Proview trademark battle in Shanghai

Apple and Proview trademark battle in Shanghai

The world’s most valuable company and a troubled Chinese electronics manufacturer that’s about to be delisted from the Hong Kong stock exchange unless it can come up with some cash squared off in a Shanghai courtroom Wednesday.

China boosts world markets

China boosts world markets

China’s move to keep its economy going lifted stock markets around the world Monday, as investors wait to see if Greece will secure a second bailout.

Greek bailout: The pressure is on

Greek bailout: The pressure is on

It’s officially crunch time. European finance ministers need to agree to the terms of a second bailout to keep Greece from defaulting on an upcoming bond payment.