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Siemens to cut 15,000 jobs by end of 2014

The German engineering giant Siemens has said it plans to cut 15,000 jobs from its workforce by the end of 2014. However, the company has said it hopes to make the cuts without actually putting...

Nano-size computer hailed as breakthrough

Scientists in California say they have built a functioning microscopic computer made of carbon “nanotubes” instead of silicon. The step could lead to faster, ever-smaller electronic devices. Stanford University researchers said they have overcome downsizing...

German finalists Bayern, Dortmund rake in 50 million plus from Champions League

UEFA has published its list of top earners from the past season’s Champions League and Europa League competitions. Champions League winners Bayern Munich, and runners-up Borussia Dortmund received healthy windfalls. European football’s governing body, UEFA,...

Sunken barges to plug dike in Germany’s flood zone

Authorities in Germany’s flooded Elbe river basin plan to plug a broken dike by sinking two barges in the gap. Federal and regional governments are arguing over how to finance 8 billion euros in flood...