Most detailed image of ancient Universe unveiled

A new, detailed map of the most ancient light in the cosmos has revealed our Universe to be about 80 million years older than thought, the European Space Agency (ESA) said Thursday.

A new, detailed map of the most ancient light in the cosmos has revealed our Universe to be about 80 million years older than thought, the European Space Agency (ESA) said Thursday.

Europe’s horsemeat scandal spread Wednesday to Asia where an imported lasagna brand was pulled from the shelves in Hong Kong, as Czech officials ordered similar action on frozen meals mislabelled “beef.”

Asian markets mostly climbed on Wednesday, with dealers taking a positive cue from Wall Street and Europe, following a surge in investor confidence in eurozone powerhouse Germany.

Renewed worries about Europe overshadowed an encouraging U.S. jobs report on Thursday, leaving major stock indexes roughly where they started.

The strength of the euro, the state of the global monetary system and controversy over a so-called “currency war” will dominate the economic stage at eurozone and G20 ministerial meetings this week.
Philippine electronics exporters may find 2013 to be another challenging year as far as profit generation is concerned, given projections that demand for electronics goods in the United States, Europe and Japan could remain anemic.

Europe’s air safety authority has followed the United States in ordering the grounding and safety review of Boeing’s 787 Dreamliner following a series of incidents with the aircraft in recent days.

There are days when you feel that there are just too many cars out on the streets. The nightmarish traffic of the last holiday season certainly fueled much of that sentiment. But hasn’t it occurred to you that, maybe, just maybe, you may have just gotten bored with the sight of the same type of vehicles that cause your daily dose of road gridlock?

Chancellor Angela Merkel warned Germans that the economy, Europe’s biggest, would experience a harder time next year than in 2012 and cautioned too that the eurozone debt crisis was far from over.

Airlines from European countries are taking a second look at Asian destinations, including points in the Philippines, to take advantage of the region’s bright economic prospects. The Civil Aeronautics Board (CAB) said it already had several bilateral negotiations lined up for the first quarter of 2013 to secure additional air rights between the Philippines [...]

Oil prices fell Thursday after disappointing retail sales figures in Europe dampened investor appetite and reports showed crude stocks still running higher than usual for this time of year.
Europe’s car market will stay “depressed” for the next few years, but prospects are good for expansion in the United States and Asia-Pacific, Ford’s new chief operating officer said Wednesday.