The acquisition represents the largest deal completed by the search giant since its current CEO, Marissa Mayer, took over in July 2012.

It is understood that under the terms of the acquisition, Tumblr would continue to operate as an independent business, with its founder David Karp remaining in his role as head of the business.

Analysts say that by acquiring Tumblr, Yahoo will gain a larger social media presence and enhance its ability to attract younger audiences in its battle with internet rivals Google and Facebook.

Boosted by strong demand in the UK, registrations rose 1.8 percent to 1.08 million, compared to figures released at this time last year.

April’s increase is the first since September 2011, yet without UK sales, which were up 15 percent, registrations would have recorded another fall.

Demand for new cars across Europe fell to a 17-year low last year, with most economies weak, or in recession, and unemployment hitting record highs. For the first four months of 2013, overall volumes are down seven percent, compared with the same period a year ago.

At a time when the yen continues to weaken, thus boosting the earnings potential for exporters, the benchmark Nikkei index rose two percent to 15,096, with carmaker Toyota and consumer electronics giant Sony leading the gains.

The IEA believes that the level of these reserves will result in the US accounting for a third of new oil supplies, thus transforming it from the world's leading importer of oil into a net exporter.

"North America has set off a supply shock that is sending ripples throughout the world," said IEA executive director Maria van der Hoeven.

Since 2005, Tridum e-Security has been providing high quality services and solutions to all manner of industry fields including the finance, enterprise, telecommunications, transportation, logistics, mining and government sectors.

Today the company is recognised for offering information and communication systems security and professional network infrastructure services, as well as being an expert provider of planning, implementation and maintenance solutions that are linked to banking software and hardware.

Founded as a family owned mining company in Spain in 1952, OSSA is today active across the globe and recognised as being a leading figure in the underground construction sector specialising in three core business segments, those being construction, energy and mining.

Before he established Er-Bakir, A. Nuri Erikoglu had already forged his own reputation through the building of hand-crafted home purpose copper products including boilers, braisers and trays. A visionary in many ways, Erikoglu was one of very few individuals to foresee the future potential of copper. With this vision and his unique entrepreneurial spirit he would go on to create Er-Bakir with the mission of producing copper wire in electric cable, a product now used on a mass global scale in all areas of life.

Avis UAE commenced operations in the UAE in 1975 as a car rental franchisee with the diverse Mohamed Hareb Al Otaiba Group. Today, the company has a network of 40 branches, a fleet of over 4,000 vehicles and employs more than 1,800 people has the largest number of branches, and is the only car rental brand that is under the same ownership throughout the Emirates.

When Yahoo!’s Marissa Mayer recently sent a memo to employees announcing that flexible working practices would be stopped and all home workers were due to report back to the office it created much furor. A supposedly progressive company – and a tech one at that – banning remote workers? From many quarters this prompted a level of surprise, and from others tacit agreement. The press has since been awash with articles and the message boards have been lively.

The agreement gives Monax three months to carry out technical due diligence on the project located within the newly defined Amber Zone of the Woomera Prohibited Area.

In reviewing available geophysical data for the area, Monax says it has discovered what it terms a ‘prominent gravity anomaly’.