Egyptians went to the polls in their first ever free presidential election during this week. Who becomes president and indeed what the president's powers would be are still unknown. A run-off vote is scheduled for 16th and 17th of June in case no candidate gets more than 50 percent of the votes. France and Germany are at loggerheads over what to do about Greek-Euro economic issue as the new French President Francois Hollande and German Chancellor Angela Merkel took part at the European Union Summit.
After months hype about the float of Facebook which has billions of users worldwide, the appetite for its shares collapsed after the initial launch on Friday. Shares opened at 38 dollars each but they are now being traded at 31 dollars valuing the company 4 billion dollars less than it was just a week ago. Source
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