Europe Sees First Annual Growth Since 2011
Led by a return to growth in France and Italy and stronger performance in key economies such as Germany, the Netherlands and Spain, Europe’s economy grew on an annual basis for the first time in two years, as a recovery picked up pace slightly in the last three months of 2013. Eurozone GDP rose by 0.3% in the fourth quarter, compared with the third quarter, and by 0.5% over the same period of 2012, according to figures released Friday by Eurostat.
Gold Races Above $1,300
Gold hit three-month highs on Friday and looked set to post its biggest weekly gain in six months as more weak US data raised fears about economic growth, hurting the dollar. Spot gold rose to its highest since Nov. 8 at $1,312.40 earlier in the session, and was up 0.8 per cent to $1,311.90 an ounce. It is up around four percent for the week - the largest such gain since mid-August.
Comcast Buys Time Warner Cable for $45 bn
Comcast, the world’s largest mass media and communication company said Thursday it had agreed to buy Time Warner Cable for $45 billion in a deal that would combine the two biggest cable companies in the United States. If the deal is approved, the combined group will be the country’s dominant provider of television channels and Internet connections, reaching roughly one in three American homes.
Lenovo Sales Hit Record High
Lenovo posted record sales of $10.8 billion on Thursday and emphasized plans to expand aggressively in China -- the world’s biggest smartphone market. The Chinese company said net income grew by 30% to $265.3 million in the final three months of the year. The results put Lenovo on solid footing as it branches out from its core PC business and enters the smartphone business in a big way.
Mark Zuckerberg Biggest US 2013 Philanthropist
Mark Zuckerberg and his wife,Priscilla Chan, were the most generous American philanthropists in 2013, with a donation of 18 million shares of Facebook stock valued at more than $970 million to a Silicon Valley nonprofit. The Chronicle of Philanthropy reported Monday that Zuckerberg’s donation was the largest charitable gift on the public record in 2013 and put the young couple at the top of the magazine’s list of 50 most generous Americans in 2013.
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