Brussels  - Growth forecasts for the world's largest economy, the European Union, were Monday cut by about half a percentage point to 2 per cent this year and 1.8 per cent in 2009, according to lat

Vienna  - European Central Bank Jean-Claude Trichet indicated Monday that the ECB was in no rush to cut rates and that fighting inflation remained its top priority.

Paris  - The European Union's Transport Commissioner Jacques Barrot has called the planned Galileo satellite navigation system "a tool of sovereignty for Europe," a French newspaper reported Sunday

Moscow  - A second satellite planned for us

LG has made announcement about the official launch of its most versatile mobile phone, named ‘