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Boomerang Effect: Company founders buy back labors of love

Soon-Chart Yu didn't have much choice last summer when the financial backers of his health site, Gazoontite.com, told him he had to step aside for a more seasoned CEO. more »

U2 wins three Grammys

U2 has swept its nominations at the 43rd Grammy Awards. more »

After Moscow, Robertson Discusses Upgrading Czech Forces

NATO Secretary-General George Robertson arrived in Prague Wednesday to discuss Czech Republic's progress in upgrading its armed forces and integration with the Alliance, which it joined two years ago. more »

Napster can play on, but threat looms

A court ruling Monday allows Napster users to continue swapping music for now but opens the door to millions of dollars in damages that could cripple the service. more »

EU DELEGATION VISITS ARMENIA

Three top EU officials -- chairwoman and Swedish Foreign Minister Anna Lindh, Foreign and Security Policy Commissioner Javiar Solana and External Relations Commissioner Chris Patten -- visited Yerevan more »

Pope names dozens of cardinals

44 new ‘princes’ reflect church’s geographical diversity more »

Russian Parliament Gears Up for Role in Net Economy

The Internet has been one of the last frontiers unconquered by Russia's galling government regulations, but that may soon change. more »

Credit card fraud rises by 50%

Credit card fraud in the European Union increased by 50% last year. more »

Kazakhstan official praises Latvia's success

In a speech in Saeima today the Kazakhstan parliament lower house (Majilis) chairman, Zharmakhan Tuyakbai, praised highly Latvia's efforts and successes in its move to the European Union more »

Top priorities

Lithuanian Embassy in the United States Will Strenghten Its Economic Activities more »

PC Makers Ready for Price War

Another omen that waning computer sales and declining profits could create a personal computer price war. more »

"Pure nonsense"

Press reports concerning the Kaliningrad region are not a source of information which can shape Poland's security policy, the spokesman for the Foreign Ministry told PAP more »

Come to Stalinworld - all the gruel you can eat

A theme park called Stalinworld in Lithuania features machine gun towers, gruel and screams of torture. more »

Euro May Get Boost From U.S. Forecast

Europe's common currency should be cheered by a weekend Group of Seven meeting at which an influential forecast for U.S. growth was slashed and speculation over Washington's long-standing strong dollar policy refused to die. more »

Come to Stalinworld - all the gruel you can eat

A theme park called Stalinworld in Lithuania features machine gun towers, gruel and screams of torture. more »

Slovaks Sending Seeds of Rare Nettle-Tree to Prince Charles

The Slovak Center of Scientific Tourism (CVM) is sending 50 seeds of a rare nettle-tree to Prince Charles at his own request more »

Brazil Officials Say End Is Near in European Passport Scandal

Brazil's politicians believe an end is in sight in the European passport scandal which threatens the credentials of many players from South America as well as the credibility of the world's most illustrious soccer nation. more »

Internet Business Swallows Millions

Companies offering e-business and Internet services are satisfied with their internal development, and the funds placed into Internet business are expected to start bringing a return within three to five years. more »

CBS Restructures Net Operations

The broadcaster will fold its Web divisions back into the TV group. more »

Indian Bags US Patent For Virtual Smells, Sensations

Sandeep Jaidka, an inventor, has bagged the US patent for the world's first multimedia invention on virtual reality device for producing relevant smells and sensations more »