NEW YORK (AFP) - Yahoo's board has approved a deal to purchase the popular blogging platform Tumblr for US$1.1 billion (S$1.4 billion) in cash, The Wall Street Journal reported on Sunday.
LONDON (AFP) - Google's executive chairman Eric Schmidt on Sunday defended the US Internet giant's tax arrangements after claims it has unethically dodged paying vast amounts of British tax.
BERLIN (REUTERS) - German Economy Minister Philipp Roesler said the European Commission made a "grave mistake" by agreeing to impose punitive import duties on solar panels from China and urged the Commission to work to prevent the eruption of a trade conflict.
CHIANG MAI, Thailand (REUTERS) - Thailand's finance minister said on Sunday he was satisfied with a recent drop in the value of the Thai baht against the US dollar.
BRUSSELS (AFP) - The latest tit-for-tat EU-China trade disputes could signal worse to come but both sides have a lot to lose if things get out of hand and harm the much-needed economic growth they seek, analysts said.