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Xbox aim to be ‘future of TV’

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(CNN) -- An update rolling out Tuesday for the Xbox Live network aims to do what Microsoft has been teasing for a while -- turn a platform designed primarily for video games into one that will be the major hub for all television viewing. Microsoft promises the update, which it calls "the future of TV," can "transform every Xbox 360 into an all-in-one device to enjoy your entertainment." "The update is anoth ...

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Ontarians pay highest car insurance in Canada

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Ontario drivers pay significantly more for auto insurance than other Canadians, in part because the average cost of accident injury claims is five times higher than in other provinces, auditor general Jim McCarter reported Monday. Auto insurance fraud cost the industry about $1.3 billion a year in Ontario, but the province "does not have significant measures in place to combat fraud," McCarter warned in his ...

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BP claims Halliburton destroyed evidence

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High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email [email protected] to buy additional rights. http://www.ft.com/cms/s/0/bd9d4588-1f75-11e1-ab49-00144feabdc0.html#ixzz1fjFfWzK5 BP has accused Halliburton, the oil services group, of intentionally ...

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Stocks: Desperately seeking EU superheroes

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NEW YORK (CNNMoney) -- Once again, investors all over the world will be looking to Europe to determine how to bet on the markets. The big difference next week: Investors have a newfound faith that central bankers and politicians will work together to keep the markets from falling into disarray. There's that much more pressure on the leaders of 27 European Union nations to give the market answers to how the ...

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Italian prime minister presents €30 billion budget plan

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Rome (CNN) -- Italy's new prime minister presented lawmakers with his proposal for €30 billion ($41 billion) in new taxes and spending cuts Monday, saying the "painful measures" would end the country's budget crisis. "We are aware that the measures mean sacrifices. But not making the sacrifices today would mean making more painful ones in a few weeks, maybe even in a few days," Prime Minister Mario Monti to ...

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BP says Halliburton ‘intentionally destroyed evidence

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(CNN) -- BP is accusing Halliburton of having "intentionally destroyed evidence" related to the explosion aboard an oil rig in the Gulf of Mexico that led to the worst oil spill in U.S. history. The accusation comes in court papers filed by BP Monday in federal court in New Orleans as part of a lawsuit aimed at having sanctions imposed on Halliburton Energy Services Inc., which was a contractor for BP on th ...

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Syria agrees to Arab League call for observers, but with conditions

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(CNN) -- Syria agreed Monday to Arab League demands that it allow observers into the country, but on the condition that the group immediately drop sanctions and agree to amendments that league officials have previously rejected. The league's deadline for Syria to respond to its demands to admit observers or face additional sanctions expired at midnight Sunday. Foreign Minister Walid al-Moallem sent a letter ...

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HIV drives families into ‘irreversible poverty’: UN

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Tens of thousands of HIV-affected households in Asia are facing "irreversible poverty" because of the cost of living with the disease, with women and children hardest hit, a UN report said Thursday. Catastrophic healthcare costs and the loss of employment opportunities due to widespread discrimination mean that many HIV-positive households across the region are in "rapid socio-economic decline," the report ...

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Facebook making a phone that nobody wants?

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Editor's note: Pete Cashmore is founder and CEO of Mashable, a popular blog about tech news and digital culture. He writes regular columns about social media and tech for CNN.com (CNN) -- Reports have surfaced again in the past week that Facebook is working on a phone. The latest news on the long-rumored project is that Facebook has abandoned its plan to work on both the hardware and software, as Apple does ...

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Germany’s land of poets and thinkers

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What does this place mean to you?’ I ask the lady at the Wartburg – the immense castle that crouches over the crest of the mountain above the town of Eisenach. She doesn’t hesitate: ‘To me? To Germans? One thousand years of positive German history.’ Related slideshow: The quiet land of Thuringia The stress she put on it is understandable. Against her statement, the cacophony and catastrophe of a couple of d ...

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