Allegations of anti-competitive activity would be investigated on by the European Commission. A formal statement is being prepared by the European Commission for Gazprom to inform them that allegations have been raised regarding anti-competitive gas pricing.
Sectors
Smartwatch, the next revolutionary device
The smartwatch had been seen as the latest addition to the consumer electronics market however a source said the device would not change anything in the industry.
Microsoft seen to acquire and invest in over two decades
Microsoft Corp had been acquiring and investing in companies in the last two decades as the software maker planned to accelerate its presence in a market that it does not own.
India set to impose EUR150 million probe for BMW customs violations
BMW is appealing a decision to impose a EUR150 million fine for alleged customs laws violations. German car giant BMW is set to face fines worth EUR100 million in India for allegations of violations committed against the country's importation rules.
IBM moves retirees pension plan to health exchange
To cut costs, which is expected to triple by 2020, IBM has moved its retiree pension plan to a health exchange for lower risk and costs.
Latest News
Italy' economy minister assures the market that Italy has no policy to oppose foreign bids for domestic enterprises.
Generali Chairman Gabriele Galateri said that it had planned to exit the company through a stake sale unless it comes up with a convincing business plan.
Greek Prime Minister announced on Saturday that the country would return to growth next year as its would exit recession.
European leaders had found a place to breathe their economic struggles in the G20 summit where the region's debt crisis had been on the top agenda.
Detroit attorneys filed their case in the US Bankruptcy Court in Detroit last Friday for the city's request for bankruptcy protection.
The 53 year old American Actor Dough Hutchison was reported to be "freaking out" after his teenage wife became too independent from him while inside the Celebrity Big Brother house.
Three more IMAX theaters to be built in the Middle East region. In an announcement, IMAX Corporation and Gulf Film formalized an expansion of their partnership through a revenue share agreement.
General Mills announced last Friday that the company had voluntarily recalled its cinnamon roll products.
The UAE railway network's first phase has been completed. The first phase of the multi-billion dollar rail network for UAE is acheduled for inauguration for the end of 2013.
