Online search giant Google has launched a new social networking website in its latest attempt to take on Facebook, which now claims more than 500m users.
The Greek parliament has voted in favor of a drastic package of austerity measures intended to save the country from defaulting on its debts.
The proposed tax hikes and spending cuts have been deeply unpopular with the Greek public.
A nationwide 48-hour strike is under way and violent clashes are continuing in the streets of the capital, Athens. Continue reading
One thing is clear investors are in love with Square, the payments company co-founded by Jack Dorsey, the co-creator of Twitter. The company today announced that it has received yet another big slug of funding. The veteran venture capital firm of Kleiner Perkins Caufield & Byers is leading the $100 million investment in the company. The company is said to be valued at $1 billion. Continue reading
The last launch of a US space shuttle will take place on Friday 8 July.
The Atlantis ship has the honour of closing out the 30-year orbiter programme and will lift off at 1126 Florida time (1526 GMT).
Hundreds of thousands of people are expected to line the roads and beaches around the Kennedy Space Center, all eager to witness a piece of history. Continue reading
A fragile beauty – the International Space Station could be endangered by even a small piece of passing junk
A piece of debris has narrowly missed the International Space Station (ISS), forcing its six crew members to go to their escape capsules and prepare for an emergency evacuation back to Earth.
Officials said the debris passed the station by just 250m (820ft). Continue reading
NEW YORK (CNNMoney) — The downward cycle in home prices broke in April after eight consecutive months of decline, according to a survey released Tuesday.
According to the S&P/Case Shiller 20-city index, prices rose 0.7% compared with March, although they fell 0.1% when adjusted for the strong spring selling season. Prices were down 4% year-over-year.
NEW YORK (CNNMoney) — U.S. stocks posted solid gains, with the Dow jumping more than 110 points, as investors cheered a report showing home prices rose for the first time in eight months in April.
“The market was hungry for some good news, particularly on housing,” said Fred Dickson, chief investment strategist with D.A. Davidson & Co. “After months of depressing housing data, today’s report felt especially good.” Continue reading