Latest

Italy breaks 'taboo' with push to revive nuclear
Italy breaks 'taboo' with push to revive nuclear
Business and Economy
by  AFP

Italy's cabinet opened the door Friday to a return to nuclear power, aiming to overturn nearly 40 years of opposition -- though experts say any revival is at least a decade away. In a 10-year energy and climate plan published last year, Rome said it aims to install enough nuclear capacity by 2050 to generate between 11 percent and 22 percent of the power it uses.

Microsoft retires Skype, internet call pioneer
Microsoft retires Skype, internet call pioneer
Business and Economy
by  AFP

Microsoft on Friday announced it was retiring Skype, the online voice and video call pioneer that the tech titan acquired in 2011. Online auction site eBay acquired Skype in 2005 for approximately $2.6 billion, but the expected synergies never panned out, and in 2009, eBay sold a majority stake to a group of investors, who then sold it to Microsoft.

US Fed's favored inflation gauge cooled slightly in January
US Fed's favored inflation gauge cooled slightly in January
Business and Economy
by  AFP

The Federal Reserve's preferred inflation measure cooled slightly in January, according to government data published Friday, although it remained stuck above the bank's long-term target. While inflation has remained stuck above the bank's long-term two percent target, economic growth has remained robust, and the labor market has stayed healthy, with unemployment hugging close to historic lows.