Today: April 26, 2024

To Contribute →

Login Register
News Desk
Economic Affairs Editor

News's Articles

Can Marissa Mayer Save Yahoo?

The CEO's plan to transform a Web icon into a mobile media company Click here for more information Businessweek.com -- Most Popular

August 2, 2013 at 4:54 am | News Desk

Motorola unveils its first Google smartphone

SAN FRANCISCO: Motorola on Thursday introduced the keenly-anticipated Moto X, a Google-centric smartphone that buyers get to design themselves. Moto X is the first Motorola smartphone created in collaboration with Google since the Internet titan completed its $12.5 billion purchase of Motorola Mobility in May of last year. “At Motorola our roots are deep in mobile hardware — we invented mobile communications,” Motorola Mobility Canada general manager Odile Guinot said in a release. “Now, as a Google company, we’ve become the kind of company that can build a smartphone like Moto X,” Guinot added. “It fuses our history of mobile innovation with the best of Google mobile services.” Moto X will ...

August 2, 2013 at 4:54 am | News Desk

Vietnam to clamp down on social media news postings

HANOI: Communist Vietnam is to ban bloggers and social media users from sharing news stories online, under a new decree seen as a further crackdown on online freedom. Blogs or social media sites such as Facebook and Twitter — which have become hugely popular over the last few years in the heavily-censored country — should only be used “to provide and exchange personal information”, according to the decree. The document, signed by Prime Minister Nguyen Tan Dung and made public late Wednesday, stipulates that internet users should not use social networks to share or exchange information on current events. Social media users will not be allowed “to quote general information… information from newspapers, p...

August 2, 2013 at 4:54 am | News Desk

BT launches sports TV channels to challenge Sky

BT, the Telecoms giant, has launched its UK sports channels in a challenge to the two-decades-long sports-TV dominance of Sky, BBC reports. Sky has already seen off ITV Digital, Setanta and ESPN, which all temporarily entered the pay-TV football market. Marc Watson, BT’s TV chief executive, said the firm was taking the “long-term view” for its sports business. But Sky Sports managing director Barney Francis said he “relished the challenge” from BT Sport. The BT channels will be free to everyone on their first day. Sky Sports will later be offering a day of free viewing on 17 August, the first day of the Premier League. BT Television Chief Executive Marc Watson described the launch as an “important stra...

August 2, 2013 at 4:54 am | News Desk

Samsung Galaxy Note 3 vs Apple iPhone 5S: Release date, price and more

Washington: As Samsung plans to end this year with big success, on the other hand American giant Apple will be launching its first device of the year.   Samsung enjoying the consecutive success since the launch of Samsung Galaxy S3 while Apple losing it smartphone market. But this time Samsung want to end this year with the same pace as they have started with Samsung Galaxy S4. As numbers of clues and rumors are generating for long time the Samsung might be coming with 3rd version of Galaxy Note likely Samsung Galaxy Note 3 at the end of this year. On the other hand rumors have given us clues that Apple will be launching more than one device this year, but company haven’t introduce any of its devices yet. According to reports,...

August 2, 2013 at 4:54 am | News Desk

Michelle Knight to Ariel Castro: ‘I spent 11 years in hell. Now your hell is just beginning’

Michelle Knight, one of Ariel Castro’s victims, addressed the court and her former captor, “You took 11 years of my life away and I have got it back.” “I spent 11 years in hell. Now your hell is just beginning. I will overcome all this that happened, but you will face hell for eternity,” she said before the sentence was handed down. The 32-year-old Knight did not face Castro as she read her prepared statement, but he glanced toward her several times after she entered the courtroom. Ms Knight was the first woman abducted by Castro in 2002 after he lured her into his house with the promise of a puppy for her two-year-old son. “I missed my son every day. I wondered if I was ever going to see him again,&rd...

August 2, 2013 at 4:54 am | News Desk

A New Airline for America's Cheapest Travelers?

Frontier Airlines may be acquired by a private equity group and turned into an ultralow-fare carrier Click here for more information Businessweek.com -- Most Popular

August 1, 2013 at 3:02 am | News Desk

How Google Has Completely Botched Zagat

The "venerable" guidebook has been "resurrected" by "sugar daddy" Google, but the "confusing," "unhelpful" site and app are "a dog's breakfast" Click here for more information Businessweek.com -- Most Popular

August 1, 2013 at 3:02 am | News Desk

American Automobile Glut? Unsold Cars Are Piling Up

About 3.27 million new cars are sitting on lots across the U.S., up from 2.7 million a year ago Click here for more information Businessweek.com -- Most Popular

August 1, 2013 at 3:02 am | News Desk

iPad Mini 2 comparison with Surface Mini: Features, price and more

Washington: As Samsung and Google join hand to go against American giant Apple in the mini tablets market, Software giant Microsoft step up as another rival with its upcoming device Surface Mini. Apple fans are waiting to see the new device but with the announcement of the launch of gadgets like Samsung Galaxy Note 3, Samsung Google Nexus 11, Surface Pro 2 and Surface Mini, Apple will be looking to improve its upcoming device. All those devices specially the Samsung Galaxy S4 and Samsung Galaxy Note 2 have disturbed the Apple’s share in the smartphone market and still going on with the same pace. On the other hand, first addition of Surface tablets, Surface Pro, failed to effect the Apple’s market as Galaxy Note 2 did. But th...

August 1, 2013 at 2:38 am | News Desk

The Ashes: Australia vs England 3rd Test preview

Manchester: Australia after suffering two consecutive defeats, now ready to face England in the third Ashes test. Australia had been out classed by the host England in the 2nd test, now visitors eyeing to make a comeback in the 5 test matches series. On the other hand England will be looking forward to capture the series with third consecutive victory. Aussies looks off color in the series so far but they are far better team than their current performance. This is the last chance to make a comeback in the series. On the other hand England is enjoying home advantage and also leading the series 2-0. Probable Teams: Australia: Shane Watson, Chris Rogers, Usman Khawaja, Michael Clarke (capt), Steve Smith, David Warner, Brad Haddin (wk), Pete...

August 1, 2013 at 2:38 am | News Desk

‘Princess Diana was ‘madly in love’ with Hasnat Khan and ready to move to Pakistan’

Princess Diana, who died in a tragic car crash in 1997 at the age of 36, was madly in love with Hasnat Khan, a Pakistani heart surgeon, and wanted to marry him, even if that meant living in Pakistan, said Jemima Khan, a friend to the princess, of no relation to the surgeon told Vanity Fair. “And that’s one of the reasons why we became friends.” The Princess of Wales reportedly spent a lot of time trying to get to know members of the Khan family with the intent to quietly marry into it, which was not entirely acceptable. For a “son to marry an English girl is every conservative Pashtun mother’s worst nightmare,” said Jemima Khan. Even for Hasnat Khan, discussions of a secret wedding were thought to be &...

August 1, 2013 at 2:38 am | News Desk

Egypt cabinet orders police to end pro-Mohamed Morsi sit-in

CAIRO: Egypt’s cabinet Wednesday ordered a police crackdown on protests by ousted president Mohamed Morsi’s loyalists, as European envoys headed for Cairo to try to ease tensions between the army-installed government and Islamists. The order to the interior minister raised the prospect of a dangerous showdown just days after 82 people were killed at a pro-Morsi protest in Cairo. It came as diplomatic efforts to find a peaceful way out of Egypt’s crisis gathered pace, with the EU and Germany sending envoys to urge a peaceful resolution to the standoff. Adding to the tensions, however, judicial sources said prosecutors had referred the Muslim Brotherhood’s supreme guide to trial for allegedly inciting the killing of ...

August 1, 2013 at 2:38 am | News Desk

Anti-Semitism mars Sweden’s most multicultural city

MALMOE, Sweden: Attacks against Jews in Malmoe, Sweden’s third largest city, have left members of the community questioning their future in a place known for its multiculturalism. Jewish people have lived in Malmoe for over two centuries, often arriving in the south Swedish port city — a safe haven for generations — after fleeing persecution and intolerance in other parts of Europe. But though waves of immigration over the past two decades have made the area more diverse, hate crimes appear to be on the rise and many people — paradoxically — say they feel less secure. Highlighting a problem many Swedes had thought long relegated to history, the US special envoy for anti-Semitism even visited Malmoe last year....

August 1, 2013 at 1:51 am | News Desk

Jessica Ennis-Hill drops out of worlds through injury

LONDON, England: Olympic heptathlon champion Jessica Ennis-Hill has withdrawn from next month’s athletics world championships because of injury, she said on Wednesday. Ennis-Hill was provisionally named in the Great Britain squad on Tuesday for the competition in Moscow from August 10-18, despite struggling with an Achilles problem for the last few months. But she said in a British Athletics statement: “Up until now, we have been focusing on managing the pain so I can train and get myself in shape to go out there to win in Moscow — which has meant not focusing on finding a cure for the injury. “The time has come now to stop chasing fitness and look to cure the problem.” Ennis-Hill, 27, was one of the stars of...

August 1, 2013 at 1:39 am | News Desk

Facebook tops IPO price for first time

NEW YORK: Social networking giant Facebook Wednesday breached its 2012 IPO price of $38 a share for the first time since the company’s May 2012 initial public offering. Facebook got as high as $38.31 Wednesday shortly after the market opened, before retreating. Shares recently traded at $37.68, up 5 cents or 0.1 percent. The company’s IPO was priced at $38 a share. Facebook has only closed above $38 one time: its first day on the markets. Facebook has been on an upward tear since releasing earnings a week ago that showed a big jump in mobile advertising revenue. Shares have rallied more than 40 percent since the earnings release. Facebook shares plummeted after the highly anticipated IPO last year and languished, primarily due...

August 1, 2013 at 1:39 am | News Desk

Israeli, Palestinian deal ‘within reach’: EU’s Ashton

BRUSSELS: Israeli and Palestinian negotiators’ stated goal of reaching a comprehensive peace deal inside nine months is realistic, the European Union’s top diplomat said Wednesday, painting the bloc as a “reliable friend” to both sides. “I firmly believe that a final end to this conflict is within reach,” Catherine Ashton said in a statement. “I call on all those who wish to see a negotiated solution to support those now engaged in talks so that the opportunity for peace can be seized.” Israeli and Palestinian negotiators, who met in Washington this week for the first direct talks in three years, on Tuesday set an ambitious goal to reach an elusive peace deal within nine months. “Both ...

August 1, 2013 at 1:39 am | News Desk

US economy grows sluggish 1.7% in Q2

WASHINGTON: The US economy grew 1.7 percent in the second quarter, picking up steam from the first quarter, the Commerce Department reported Wednesday. The second quarter gross domestic product growth, while better than the 1.1 percent expected, showed the world’s largest economy remained stuck in the doldrums four years after exiting the Great Recession. But GDP revisions to prior quarters revealed a clear trend higher that some analysts said fits with the Federal Reserve’s view that growth will pick up in the second half of the year. The better-than-expected report came as the central bank’s policy-setting committee met for a second and final day in Washington. According to the revisions, GDP growth nearly stalled at 0...

August 1, 2013 at 1:39 am | News Desk

Le Clos marks London win with worlds gold

BARCELONA: Olympic champion Chad le Clos of South Africa won the men’s 200m butterfly final at swimming’s world championships on Wednesday — exactly a year after his triumph in London. The 21-year-old, who beat legend Michael Phelps in the Olympic final, clocked 1min 54.32secs with Poland’s 2005 world champion Pawel Korzeniowski 0.29 behind and China’s Wu Peng third at 0.37 back. “It is the first time I have won a world title so it is a landmark moment for me,” beamed Le Clos. “Also, I wanted to win this title to mark the anniversary of my Olympic title a year on.” The News Tribe – UK-based bilingual news website covering politics, technology, sports, health and lifestyle from U...

August 1, 2013 at 1:39 am | News Desk

Disgruntled Airline Speaks Up About Boeing 787 Payout

While customer-payment requests over snarled new-plane deliveries are generally handled privately, LOT Polish Airlines has challenged Boeing for compensation Click here for more information Businessweek.com -- Most Popular

July 31, 2013 at 3:00 am | News Desk