Brussels - The European Commission on Thursday approved plans by Sweden and Portugal to protect financial institutions from the global credit crunch.
Sweden's plan involves the state providing up to 1,500 billion Swedish kronor (201 billion dollars) in debt guarantees to banks and other lenders.
Portugal's plan envisages similar state guarantees worth 20 billion euros (26 billion dollars).
Both schemes were approved by the European Union executive after they were found to be in line with the bloc's rules on state aid.
But while Sweden's was cleared within just three days of it being notified to the commission, the Portuguese plan had to be negotiated with officials in Brussels over a two-week period.
Washington, Oct 30 : British rock band ‘The Beatles’ are heading for a new venture following the announcement that MTV''s ‘Rock Band’ video game will be featuring their songs.
The band is licensing key songs for a video game that is set to appear for Christmas in 2009.
Sources have revealed that Sir Paul McCartney has already seen and approved a demo of the game, Fox News reported.
Rumours are rife that the ‘Rock Band’ game is very good, and that it should include classics like “Revolution”, “Helter Skelter”, and “Hey Jude”.
Washington, October 30 : Paris Hilton will no have her long-time manager Jason Moore to look after her affairs, for the two have parted their ways.
Moore, who had been managing the heiress’ professional life for 10 years, was said to have split following a threat from his wife for spending too much time with Paris.
“His new wife threatened to divorce him because he was always gone with Paris,” Contactmusic quoted a source as telling Us magazine.
However, Moore, who lost out his biggest client, denied the claims.
He insists: "There were a lot of reasons - both personal and professional - for the split, but nothing had anything to do with my marriage."
New Delhi, October 30 : Daniel Craig is the ‘greatest’ 007 Agent, according to the co-producer of the latest Bond film ''Quantum of Solace''.
The screenwriter of the James Bond movies, Michael G. Wilson, has said that the Hollywood hunk managed to raise the standards set by the previous spies, including Sir Sean Connery and Pierce Brosnan, while becoming the people’s favourite secret agent.
Wilson told British radio station ‘Heart FM’: "He is the greatest Bond right now and the people love him."
New Delhi, October 30 : Eva Mendes reportedly believes that a rush of blood to a face can end all her worries about ageing.
According to sources, the ‘Hitch’ actress lets her head hang down prior to her scheduled events to gleam of a younger looking skin, reports China Daily.
A source told the National Enquirer magazine: "Whether it is a photo session or a hot date, Eva swears by hanging her head down on a slant board for about 20 minutes.
“Allowing blood flow to your upper body and face will bring on a vibrant, flushed-with-youth look,” the source added.