According to a Wall Street Journal report, Apple has written a letter to the European Telecommunications Standards Institute asking it to lay down some specific guidelines that would govern the manner in which patents are licensed by member companies.

In what came as a disquieting surprise for most investors, Internet search giant Google Thursday reported weaker-than-projected results for the 2011 fourth quarter, largely due to lower advertising prices and the debt woes that hit Europe.

European leaders must first use their own financial resources to stem the soverign debt crisis before asking the International Monetary Fund (IMF) for help, Japanese Finance Minister Jun Azumi said.

In about just 10 years since the year 2001, the price of gold has gone by an almost 100 times the rate then.

The ambiguity and vagueness lurking in Europe and United States are said to be a further booster for the price of gold as it is expected to go even higher in the upcoming few weeks.

Unlike what most people would say or believe, the price of gold does reduce at times.

The global economy has been affecting the United States, Europe along with the China, the world’s largest populated country. It has warned about the rising signs of the damage to these countries.

Moreover it is expected that in coming future the major economies would raise more. But the fact is that the many economies around the world are struggling to expand as fast as they did last year.

A report was revealed on Friday which states that capital requirements for European banks may be relaxed which bring Nikkei at a position to remain flat and cut its losses.

Europe’s debt crisis and fears of further reduction has caused oil prices to fall and euro to slip further towards a two month low.

There is a persistent concern over the economic outlook for the United States as well as euro zone debt crisis which is causing Asian stocks to fall.

According to German business confidence data released on Tuesday, euro has fallen back towards two month low of $US 1.3968 this week after it unite more than expected. In May, euro has roughly lost 6%.