A recent report explained the take of German Finance Minister Wolfgang on whether or not Ireland would need another bailout package. Though Germany would never back out from supporting Ireland, he made it clear that they have to make sure that investors don't get a wrong signal either.

It seems that it would take a bit longer for Europe to make Euro sustainable in the long run. There is relief seen among many after the European Central Bank claimed that it might act as buyer of last resort for the bonds of troubled euro zone members, though under some conditions; there is a lot to be done to shed all fears.

Average gasoline pump price slipped to a six-month low in the United States, amid concerns of slowing economic growth in the country as well as abroad.

According to figures released by the Energy Department's Energy Information Administration, the national average price of regular gasoline shed 2.4 per cent, or 8.1 cents, to $3.356 a gallon on Monday from a week ago.

Banking giant HSBC yesterday set aside another £290 million to settle its share of the mis-selling payment protection insurance (PPI) scandal.

The additional expense inflated the bank’s total PPI provision to around £750 million, but Chief Executive Stuart Gulliver still said that he doubted that it would be the final provision.

In what marks the latest news on the Android 4.0 `Ice Cream Sandwich' upgrade front, Motorola has recently confirmed that its Droid Razr handset will be upgraded to the latest Android version in the second quarter of the year.

Oil slipped on the New York Mercantile Exchange on Monday as Greece's unresolved debt crisis and prevailing economic uncertainty in the region discouraged investors.

Outsourcing giant Serco Group Plc has announced its plans to overhaul its management structure, in a move that will lead to at least 500 redundancies.

Most of the jobs at risk are from the company's office at Hook, near Basingstoke.

Outsourcing group Serco is to chop 500 UK jobs as part of a shake-up in the way it provides back-office services to public and private sector organisations worldwide.

Serco, which offers back-office support for a wide range of public & private sector bodies, has plans to merge its business processing operations into one global arm

China's sovereign wealth fund on Monday revealed its intention to invest in European and US infrastructure, which badly requires more investment.

Lou Jiwei, the chairman of the China Investment Corp., which possesses around $410 billion in assets, said that the fund had plans to start investing money in the West’s infrastructure to improve neglected projects.

Jiwei said the Chinese fund would either partner with British fund managers or invest directly in the neglected projects.