European firms and the European Union will invest some 2 billion euros ($2.61 billion) in wireless research aimed at keeping the continent's lead as mobile communications develop, an industry executive said on Friday. Wireless industry

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A British court upheld government plans to expand two key London airports on Friday but ruled that local residents would have some say over the precise location of a second runway at Stansted Airport. The

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Singapore cut income taxes to fend off an expected economic slowdown and moved to cushion workers and small firms hurt by regional competition in a budget on Friday that also projected its first surplus in

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Boeing Co Chief Executive Harry Stonecipher says he expects the US Air Force to revamp requirements for its shelved $23 billion tanker plane programme and that could mean Boeing offers its new 787 model. Boeing

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Growth in China's industrial output slowed abruptly in January to 8.9 percent as policy makers continued their efforts to rein in Asia's second-largest economy, official data showed Friday. The headline growth rate, announced by the

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Pfizer Inc's pain reliever Celebrex should stay on the US market, despite risks of potential heart damage, a US advisory panel ruled on Friday. All but one panel member voted that the possible benefits from

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Google Inc has bought 30 acres (121,400 sq. meters) of land from the Port Authority of The Dalles, Oregon, for a new technology infrastructure facility, the Web's No 1 search engine said on Thursday. Google,

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US Treasury Secretary John Snow said on Friday that he would not raise the payroll tax. "The President has said we will not raise the payroll tax" Snow said, "beyond that, everything is on the

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Germany's government used its slim lower house majority on Friday to push its 2005 budget through parliament two months late, with the opposition saying the deficit was being masked with a "firesale" of state assets.

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Russia will cut export duties for fuel oil by almost a quarter from mid-March but rate hikes for lighter refined products are probably the last alteration under the current calculation method, the government said on

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