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  • Donors pledge record $7.5B for global vaccines program Tuesday, 27 Jan 2015 | 1:58 PM ET

    BERLIN— Governments and private donors, among them the Bill and Melinda Gates Foundation, have pledged a record $7.5 billion to replenish a global vaccination program for the poor. The Gates Foundation gave $1.55 billion to the public-private Gavi alliance that has immunized hundreds of millions of children worldwide since 2000.. Britain pledged $1.57...

  • ATHENS, Jan 27- Greek Prime Minister Alexis Tsipras named a cabinet of anti-austerity veterans and halted privatisation of Greece's biggest port on Tuesday, signalling he aims to stick to election pledges despite warning shots from the euro zone and financial markets. Promising to reverse budget cuts and renegotiate Greece's huge debts, Tsipras's leftist...

  • BERLIN, Jan 27- International donors pledged $7.5 billion on Tuesday to immunize 300 million children in poor countries against deadly diseases such as diarrhea and pneumonia. At a Global Alliance for Vaccines and Immunization conference in Berlin, Microsoft founder Bill Gates and the British government topped the donations list at $1.55 billion and $1.5...

  • BERLIN, Jan 27- International donors led by Bill Gates and Britain pledged $7.5 billion on Tuesday for vaccines to immunise 300 million children in poor countries against potentially deadly diseases like diarrhoea and pneumonia, Germany's development minister said. At a Global Alliance for Vaccines and Immunisation conference in Berlin, the British...

  • MUNICH, Jan 27- Siemens Chief Executive Joe Kaeser faced tough questions on Tuesday about his stewardship of Europe's biggest engineering group, 18 months after overthrowing his predecessor in a messy boardroom coup. Siemens shares fell more than 3 percent and Kaeser, 57, faced criticism at the company's annual meeting in Munich. "Even if you are the right man at...

  • Swiss drug maker Novartis posts Q4 profit drop Tuesday, 27 Jan 2015 | 3:36 AM ET

    BERLIN— Swiss pharmaceutical giant Novartis AG says fourth quarter net income dropped 26 percent but the company still posted a healthy 2014 annual profit. The Basel, Switzerland- based company said Tuesday that fourth quarter net income came in at $1.49 billion, down from $2 billion in the same quarter the year before excluding its blood-transfusion...

  • FRANKFURT, Germany— Industrial machinery maker Siemens AG says net profit fell 25 percent in its most recent quarter as lower earnings at its key power and gas business weighed on the bottom line. That was down from 1.46 billion euros a year earlier. CEO Joe Kaeser said Tuesday net profit was hurt by a reassessment in the value of financial derivatives the company...

  • UPDATE 1-Facebook, Instagram suffer widespread outage Tuesday, 27 Jan 2015 | 2:11 AM ET

    Jan 27- Facebook and Instagram services were down Tuesday with the social media site saying it is working on fixing the issue, several users said. We're working on it and we'll get it fixed as soon as we can, "Facebook said on its website. Users in the United States and many countries in Asia and Europe reported that they were unable to log on to the website and mobile...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • LONDON, Jan 26- Pfizer is to cut the price of its pneumococcal vaccine Prevenar 13 by 6 percent to $3.10 per dose in poor countries as part of a commitment to the GAVI global vaccines alliance, the U.S. drugmaker said on Monday. Pfizer's move comes as GAVI holds a major funding conference in Berlin at which it hopes to raise $7.5 billion from donors to pay for increased...

  • Overall, the losses were far from unusual for Greece's volatile markets. First, open threats of "Grexit" from the euro zone; second, any writedown of the country's private sector debts; or third, an easy capitulation of euro sovereign creditors that boosts support for other anti-austerity parties, such as Ireland's Sinn Fein or Spain's Podemos, that could sow...

  • LONDON, Jan 26- European politicians at opposite ends of the spectrum celebrated the election victory of Greece's anti-austerity Syriza party on Monday, but Alexis Tsipras' post-communist triumph is forcing mainstream leftists to reconsider their position. "This is a slap at what I see as very right-wing economic policy in Europe," Finnish Foreign Minister...

  • BERLIN— WikiLeaks on Monday criticized Google for failing to swiftly inform the secrets-spilling group about U.S. search warrants issued seeking emails and other personal information from three of its staff. The warrants, issued in March 2012, required the Internet giant to hand over the phone numbers, IP addresses, credit card details, contents of all emails...

  • LONDON, Jan 26- When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters what would happen if the plan to purchase 60 billion euros of assets a month for 19 months failed,...

  • *Greece must get bailout extension, discuss reforms with its lenders. BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay its debts, but little sign that it would yield to a new Greek government's demands for debt forgiveness. Before any talks on more time for Greece to repay its debts can start, Athens must get an extension of its...

  • BRUSSELS— For a man long seen as the eurozone's worst nightmare, Alexis Tsipras has had a smooth first day as prime minister of Greece. But concerns of a disastrous confrontation— in which, say, Greece might stop repaying its loans or the eurozone stop funding Athens— eased on Monday after both sides said they were open to negotiation. Besides calling for the...

  • BERLIN/ LONDON, Jan 26- An expensive fightback by top consumer goods brands is likely to provide only temporary relief as retailers improve the quality of their own products to attract thrifty European shoppers. For household goods companies like Nestle and Unilever, the advance of private labels has eaten into market share and dented prices and margins.

  • EU open to Greek debt extension, not forgiveness Monday, 26 Jan 2015 | 5:46 AM ET

    BRUSSELS, Jan 26- Europe showed a willingness on Monday to give Athens more time to pay back its debts, but little sign that it would yield to a new Greek government's demands of debt forgiveness. European Union leaders and policymakers responded to Greek anti-bailout party Syriza's election victory on Sunday with warnings that a debt restructuring for Greece...

  • FRANKFURT, Germany— German business optimism rose for the third straight month in January, giving a positive signal from Europe's biggest economy as executives foresee export gains from the weaker euro. Germany's export-oriented economy should benefit from the steep drop in the euro from just under $1.40 in May to $1.13 on Monday. The drop is expected to...

  • *Historic victory sets new challenge for Europe. ATHENS, Jan 26- Greek leftwing leader Alexis Tsipras struck a deal with a right-wing party to form a government to confront international lenders and reverse years of painful austerity following a crushing election victory by his Syriza party. There is an agreement in principle, " Panos Kammenos said after talks...