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Tuesday, 28 January 2014

Russia bans Australia beef products

2014-01-28 RUSSIA yesterday imposed a ban on Australian beef byproducts such as offal over the use of a growth stimulant allowed in some nations but that Moscow considers unsafe.The temporary restrictions also affect Belarus and Kazakhstan – two ex-Soviet...

US’ AT&T rules out bid for Britain’s Vodafone for now

2014-01-28 US MOBILE group AT&T has ruled out a bid for Britain’s Vodafone for now, with banking sources saying a US spying scandal and a surge in European telecom shares may have disrupted a deal that many think could still happen. AT&T, the second-...

Samsung to pay Ericsson US$650m plus royalties to end patent dispute

2014-01-28 SAMSUNG Co will pay Ericsson US$650 million along with years of royalties to end a technology licence spat, the Swedish company said yesterday. The world’s No 1 mobile network equipment maker sued Samsung in 2012 on the grounds that the Korean...

Google buys artificial intelligence startup DeepMind

2014-01-28 GOOGLE said yesterday that it had agreed to buy British artificial intelligence start-up company DeepMind for an undisclosed amount. “I can confirm that the acquisition has indeed gone ahead but unfortunately we are not commenting beyond that for...

Monday, 27 January 2014

In Brief

2014-01-27 Coke: Stolen laptops had info of 74,000 peopleNEW YORK: Coca-Cola said Friday that laptop computers stolen from its Atlanta headquarters held the personal information of up to 74,000 people. The company has recovered the laptops and spokeswoman Ann...

Nissan launch fuels Britain’s car manufacturing revival

2014-01-27 JAPANESE carmaker Nissan officially launched production of its new Qashqai model last week, coinciding with a renaissance for Britain’s car manufacturing industry that is set to smash records in the coming years.The second-generation version of the...

Chrysler in good hands after Fiat takeover

2014-01-27 CHRYSLER dealers from around the US seem revved up by the purchase of the US carmaker by Italy’s Fiat SpA. They were attending the National Automobile Dealers Association convention in New Orleans on Saturday — four days after Fiat announced that...

Obama to speak on new approach to create jobs

2014-01-27 PRESIDENT Barack Obama will announce a new plan next week to help Americans who continue to struggle to find jobs even as the economy recovers from recession, his senior adviser, Dan Pfeiffer, said on Saturday.Obama’s efforts to help the long-term...

Lagarde warns of risks to global recovery

2014-01-27 THE International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the US Federal Reserve’s monetary stimulus and falling prices in the eurozone.Despite growing evidence the...

Davos hears of ASEAN’s enormous potential

2014-01-27 THE strength of ASEAN is at its greatest when members work together, Southeast Asian countries said on Friday at a panel discussing the future of the regional bloc amid ongoing territorial spats with China.“We are strong if we negotiate as a group...

Saturday, 25 January 2014

Cameron: West must take back production from East

2014-01-25 BRITAIN on Friday urged the rest of Europe to seize an opportunity to win back millions of jobs through the “reshoring” of production from low-cost economies like China and India.In a speech to the World Economic Forum in Davos, Prime Minister...

Execs: Data theft too costly, hard to beat

2014-01-25 FIGHTING online data fraudsters is almost impossible as their ability to hack into new technology often outpaces companies efforts to protect it, senior businessmen and bankers gathering for the World Economic Forum (WEF) said.The mammoth data...

Nissan, Renault to share production

2014-01-25 NISSAN and France’s Renault are planning to boost their alliance by bringing together production as well as research and development in a bid to save about US$3.8 billion annually, a report said Friday.Despite their close links – Renault is the...

Dreamliner not reliable enough, says Boeing VP

2014-01-25 THE reliability of Boeing’s 787 Dreamliner is slowly improving but it is still not at a satisfactory level and the firm is working to improve the jet’s performance, Mike Fleming, Boeing’s vice president for 787 support and services said. The...

Samsung Q4 profit falls on strong won

2014-01-25 SOUTH Korea’s Samsung posted its first fall in quarterly profit in two years Friday, due to a one-off bonus, a strong won and slowing sales of high-end smartphones offered by the world’s largest electronics group.Operating profit stood at 8.3...

Friday, 24 January 2014

In Brief

2014-01-24 Standard Chartered CEO: Takeover talk “rubbish“DAVOS, SWITZERLAND: Standard Chartered’s chief executive said takeover talk that has resurfaced around his bank after recent problems is “rubbish” and the Asia-focused lender’s prospects remain...

Top platinum firms hit by strike

2014-01-24 SOUTH African mines producing half the world’s platinum shut down on Thursday as the country’s hardline miners union began a strike for hefty pay hikes their employers say they cannot pay.Members of the Association of Mineworkers and Construction...

Fewer visitors weigh on McDonald’s global sales

2014-01-24 MCDONALD’S reported disappointing sales for its fourth quarter Thursday, as the world’s largest hamburger chain saw fewer customers visit its restaurants.The Oak Brook, Illinois-based company says global sales slipped 0.1 percent at established...

Iran crafting new model for oil deals

2014-01-24 IRAN will have a new, attractive investment model for oil contracts by September, its president and oil minister told some of the world’s top oil executives here on Thursday, part of its drive to win back Western business.Iranian President Hassan...

Thursday, 23 January 2014

Minicars fare worst in crash test

2014-01-23 MINCARS such as the Fiat 500 and Honda Fit performed worse than any other vehicle segment in a frontal crash test that mimics what happens when a car hits another vehicle, utility pole or tree.Of the 11 minicars tested by IIHS, only one won an...

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