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(MENAFN - AFP) US Treasury Secretary Jacob Lew urged Congress Friday to avoid another disruptive battle over the country's borrowing ability, which is scheduled to be capped in nine days.

Lew told Congress in a letter that if the cap on borrowing comes into place as scheduled on March 16, the Treasury will have to undertake "extraordinary measures" to keep funding the government, ...

 
(MENAFN - AFP) The Eurovision Song Contest has had its fair share of controversy, but a shock move on live national TV by Germany's entry to bow out even before the event sparked a media storm Friday.

Rock and blues singer Andreas Kuemmert was picked by television viewers in Germany's pre-contest Thursday evening to represent the country at the Eurovision final in Vienna ...

 
(MENAFN - AFP) US tech giant Apple will join the blue-chip Dow Jones Industrial Index later this month, replacing venerable telecom company AT&T, S&P Dow Jones Indices announced Friday.

The inclusion of the iPhone and iPad maker in the elite list of 30 top companies comes long after Apple had earning the title of the world's biggest company by market capitalization, ...

 
(MENAFN - AFP) The euro tumbled through the $1.09 level to strike a fresh 11.5-year low Friday as the ECB nears the launch of its massive stimulus package and strong US jobs data raises the possibility of a US rate hike soon.

The single currency sank to $1.0871 -- the lowest since September 2003 -- after strong non-farm payrolls data increased expectations that the US Federal ...

 
(MENAFN - AFP) Greek Prime Minister Alexis Tsipras has accused the European Central Bank of holding "a rope" around the country's neck as Athens scrambled Friday to avert a looming state default.

The ECB "is still holding the rope which we have around our necks," said Tsipras, according to excerpts of an interview with Germany magazine Der Spiegel to appear Saturday.

The ...

 
...
 
(MENAFN - AFP) German software giant SAP said Friday that it would eliminate 2,200 positions as it accelerates its shift to delivering businesses its accounting and management applications via the Internet "cloud", but would avoid forced layoffs.

SAP intends to "cut three percent of positions ... over the short to medium-term," a spokesman said Friday, confirming plans reported ...

 
(MENAFN - AFP) The US economy pumped out a strong 295,000 net new jobs in February despite some severe weather disruptions and mounting layoffs in the oil industry, the Labor Department reported Friday.

The better-than-expected jobs number sent the unemployment rate down to 5.5 percent, from 5.7 percent previously and the lowest level since May 2008.

Hiring was strong ...

 
(MENAFN - AFP) An increasingly diverse fan base is challenging the video game industry to shake off its "boys only" image and better reflect the demographics of its exploding ranks of players.

At the Game Developers Conference that ends here on Friday, a hot-button topic was the treatment of women in the industry, with female game makers facing frequent vitriol by anonymous ...

 
(MENAFN - AFP) Warsaw bank manager Grazyna Dubiel would not normally be behind bars on a Sunday.

"I'd be out taking a walk somewhere," the 57-year-old said while following guards down a windowless corridor of a jail in the Polish capital.

"After this, I'll definitely need some fresh air."

Dubiel and her husband were among 60 curious members of the public who toured ...

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