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Print - 2011-07-04
UBS thwarts Deutsche by hiring Weber as next chairman

UBS thwarts Deutsche by hiring Weber as next chairman

Swiss bank UBS on July 1, named former Bundesbank president Axel Weber as its next chairman in a surprise move that robbed rival Deutsche Bank of a top candidate to succeed its chief Josef Ackermann in 2013.
Published 04 Jul, 2011 12:00am
H2 risks may staunch emerging bond issue flood

H2 risks may staunch emerging bond issue flood

Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.
Published 04 Jul, 2011 12:00am
H2 risks may staunch emerging bond issue flood

H2 risks may staunch emerging bond issue flood

Emerging market debt issuance has soared in the first six months of 2011, driven by heavy corporate bond volumes and flying in the face of debt problems in the developed world, but risk aversion may erode demand in the second half.
Published 04 Jul, 2011 12:00am
Wall Street Weekahead: rally may spell pullback for US stocks

Wall Street Weekahead: rally may spell pullback for US stocks

A pullback could be on the table this week for US stocks after their best weekly performance in two years, especially if a raft of data headlined by the June jobs report doesn't bolster the argument of a strengthening economy.
Published 04 Jul, 2011 12:00am
Tokyo shares seen capped by profit-taking

Tokyo shares seen capped by profit-taking

Tokyo shares are expected to be weighed by profit-taking next week after a recent upward march, with the market focusing on US jobs data for clues on the health of the world's number one economy. "Investors are seen likely to lock in profits from stocks'
Published 04 Jul, 2011 12:00am
Washington Mutual shareholders win over $208 million

Washington Mutual shareholders win over $208 million

Former Washington Mutual executives have agreed to pay $208.5 million to settle a lawsuit launched by a group of investors after the bank's failure in 2008, the largest ever of its kind.
Published 04 Jul, 2011 12:00am
Washington Mutual shareholders win over $208 million

Washington Mutual shareholders win over $208 million

Former Washington Mutual executives have agreed to pay $208.5 million to settle a lawsuit launched by a group of investors after the bank's failure in 2008, the largest ever of its kind.
Published 04 Jul, 2011 12:00am
US fund managers back into equities on Greek relief

US fund managers back into equities on Greek relief

US fund managers tiptoed back into equity markets in June for the first time in two months and decreased bond exposure on hopes Greece will avoid default, a Reuters poll showed on Thursday. The poll of 15 US-based fund management firms, taken between June
Published 04 Jul, 2011 12:00am
US fund managers back into equities on Greek relief

US fund managers back into equities on Greek relief

US fund managers tiptoed back into equity markets in June for the first time in two months and decreased bond exposure on hopes Greece will avoid default, a Reuters poll showed on Thursday. The poll of 15 US-based fund management firms, taken between June
Published 04 Jul, 2011 12:00am
British ministry says cuts could make thousands homeless

British ministry says cuts could make thousands homeless

Around 40,000 British families could be made homeless by welfare cuts introduced by the coalition government, the office of a senior minister has reportedly warned Prime Minister David Cameron. A leaked letter published in The Observer newspaper on Sunday
Published 04 Jul, 2011 12:00am
Two-thirds of Britons think economy getting worse: poll

Two-thirds of Britons think economy getting worse: poll

Two-thirds of Britons think the economy is getting worse and most are cutting back drastically on their spending to make ends meet in the face of rising food, fuel and energy prices, according to a poll on Sunday. The findings follow a string of retail fa
Published 04 Jul, 2011 12:00am
Tiger Airways says Australia ban cost $1.6 million a week

Tiger Airways says Australia ban cost $1.6 million a week

Singapore budget airline Tiger Airways Holdings said Australian regulators' decision to halt its domestic operations there over safety concerns would cost it an estimated S$2 million ($1.6 million) a week.
Published 04 Jul, 2011 12:00am
Iran says won't cut India oil over payment dispute

Iran says won't cut India oil over payment dispute

Iran will not cut oil supplies to India despite warning refiners it could do so if months of unpaid bills are not settled soon, the Iranian Oil Ministry's news website SHANA said on Sunday.
Published 04 Jul, 2011 12:00am
Bangladesh hit by strike over offshore gas deal

Bangladesh hit by strike over offshore gas deal

Large swathes of Bangladeshi capital Dhaka were shut down Sunday during a nation-wide strike protesting against a government oil exploration deal with a US company.
Published 04 Jul, 2011 12:00am
China pledges to push on with key reforms

China pledges to push on with key reforms

China's central bank on Sunday pledged to forge ahead with key financial reforms, shore up foreign exchange management and provide more credit for the country's cash-starved small firms.
Published 04 Jul, 2011 12:00am
Boeing Dreamliner lands in Japan for tests

Boeing Dreamliner lands in Japan for tests

Boeing's 787 Dreamliner flew into Tokyo from Seattle Sunday for test flights as All Nippon Airways prepares to become the world's first airline to deploy the new fuel-efficient long-haul jet.
Published 04 Jul, 2011 12:00am
Japan officials draw up Tepco break up plan

Japan officials draw up Tepco break up plan

A group of Japanese government heavyweights has written a secret proposal to break up Tokyo Electric Power Co and nationalise its nuclear operations, a newspaper said on Sunday.
Published 04 Jul, 2011 12:00am
UBS reviewing goals in tough conditions

UBS reviewing goals in tough conditions

Switzerland's UBS is still facing difficult market conditions after a tough second quarter and is reviewing its mid-term goals, the bank's chairman was quoted as saying on Sunday. Kaspar Villiger also warned in the interview with Switzerland's SonntagsZei
Published 04 Jul, 2011 12:00am
Eurozone warns Greeks on sovereignty, privatisation

Eurozone warns Greeks on sovereignty, privatisation

Eurozone finance ministers have approved a 12 billion euro instalment of Greece's bailout, but signalled that the nation must expect significant losses of sovereignty and jobs. Ministers in the Eurogroup gave the go-ahead for the fifth tranche of Greece's
Published 04 Jul, 2011 12:00am
Allianz to chip in 300 million euros for Greece

Allianz to chip in 300 million euros for Greece

German insurer Allianz will chip in 300 million euros ($436 million) to a fresh Greek rescue, the company's chief executive officer told a German magazine. "We are talking about a financing commitment of the Allianz Group of about 300 million euros by 201
Published 04 Jul, 2011 12:00am
Eight detained over Kabul Bank scandal

Eight detained over Kabul Bank scandal

Afghan authorities detained eight people in a relation to Afghanistan's Kabulbank scandal, a top Afghan prosecutor said on Sunday, including three Indian nationals who their embassy said were released hours after being taken in.
Published 04 Jul, 2011 12:00am
Banks cutting principal on some mortgages: New York Times

Banks cutting principal on some mortgages: New York Times

Bank of America Corp and JPMorgan Chase & Co have started modifying tens of thousands of mortgages where the banks deem the loans especially risky, even if the borrowers have not asked, the New York Times reported on Sunday.
Published 04 Jul, 2011 12:00am
Juncker says sees no danger to Spain, Italy, Belgium

Juncker says sees no danger to Spain, Italy, Belgium

Eurogroup chairman Jean-Claude Juncker told a German magazine he saw "no danger" for Spain, Italy and Belgium of fallout from the Greek crisis after eurozone finance ministers agreed to disburse more aid to Greece.
Published 04 Jul, 2011 12:00am
McDonald's plans to run UAE vehicles on biofuels

McDonald's plans to run UAE vehicles on biofuels

A Dubai-based company says it will convert used vegetable oil from McDonald's outlets into biofuels to power the fast food giant's delivery trucks in the country. Neutral Fuels, a joint venture between Neutral Group and an Emirati businessman, said Sunday
Published 04 Jul, 2011 12:00am
Zain Iraq in 'big challenge' to meet IPO deadline

Zain Iraq in 'big challenge' to meet IPO deadline

Zain Iraq faces "a big challenge" to meet an August deadline to launch an initial public offering and may end up floating less than a regulator-mandated 25-percent stake, its chief executive said. The operator, a unit of Kuwait's Zain , must become a list
Published 04 Jul, 2011 12:00am
Ton-up Chandimal downs England

Ton-up Chandimal downs England

Dinesh Chandimal's unbeaten 105 saw Sri Lanka to a six-wicket win against England in the third one-day international at Lord's here on Sunday as the tourists took a 2-1 lead in the five-match series. Sri Lanka, chasing 247 to win, finished on 249 for four
Published 04 Jul, 2011 12:00am
Weather forces draw in West Indies-India test

Weather forces draw in West Indies-India test

The second test between West Indies and India ended in a draw on Saturday after the fickle weather that had interrupted the match for days finally halted play.
Published 04 Jul, 2011 12:00am
India fined for slow over-rate

India fined for slow over-rate

India have been fined for maintaining a slow over-rate during the drawn second test against West Indies, the International Cricket Council (ICC) said on Sunday. India were three overs short of their target after considering time allowances, the ICC said i
Published 04 Jul, 2011 12:00am
Mehwish Iftikhar clinches gold medal in World Special Olympics

Mehwish Iftikhar clinches gold medal in World Special Olympics

A Kashmir-born Hearing Impaired and Mentally Retarded national special table-tennis star Mehwish Iftikhar emerged triumphant winning gold medal for Pakistan in the keenly-contested final match in the ongoing World Special Olympics in Athens.
Published 04 Jul, 2011 12:00am
Pakistan's athletes leave for Japan today

Pakistan's athletes leave for Japan today

A five-member contingent including one female will depart to Kobe, Japan on July 4 to participate in the 19th Asian Athletics Championship starting from July 7-10. According to a press release issued here, the contingent comprises Liaquat Ali, Zafar Iqbal
Published 04 Jul, 2011 12:00am
England's Broad fined for dissent

England's Broad fined for dissent

England bowler Stuart Broad has been fined 50 percent of his match fee for breaching the International Cricket Council (ICC) code of conduct during the second one-day international against Sri Lanka at Headingley on Friday. Broad was found to have breache
Published 04 Jul, 2011 12:00am
Executive suspended amid 2012 stadium claims

Executive suspended amid 2012 stadium claims

A 2012 Olympic Park Legacy Company executive has been suspended after a Sunday newspaper revealed she had been working for West Ham, the football team which won the bid to take over the main stadium. The OPLC board voted 14-0 in February to make the Hamme
Published 04 Jul, 2011 12:00am
Djokovic beats Nadal to win Wimbledon title

Djokovic beats Nadal to win Wimbledon title

Novak Djokovic won his first Wimbledon title on Sunday, dethroning champion Rafael Nadal with a 6-4, 6-1, 1-6, 6-3 triumph to celebrate his coronation as new world number one in style. It was the 24-year-old Serb's third Grand Slam title, to add to his 20
Published 04 Jul, 2011 12:00am
Wimbledon loss not as bad as Aussie woe: Nadal

Wimbledon loss not as bad as Aussie woe: Nadal

Rafael Nadal insisted on Sunday that his Wimbledon final defeat to Novak Djokovic was not the worst of his career, claiming his double dose of Australian Open misery was tougher to take. Nadal, the defending champion, was beaten 6-4, 6-1, 1-6, 6-3 by the
Published 04 Jul, 2011 12:00am
Barty wins girls' title to seal Australian double

Barty wins girls' title to seal Australian double

Ashleigh Barty completed a memorable double for Australia when she won the Wimbledon girls' singles title with a 7-5, 7-6 (7/3) victory over Russia's Irina Khromacheva in the final on Sunday.
Published 04 Jul, 2011 12:00am
Cuban boxing coach to rejoin duties during ongoing month

Cuban boxing coach to rejoin duties during ongoing month

Pakistan's Cuban boxing coach will arrive in Pakistan during the ongoing month to resume the charge of Pakistan team for a period of another one year, Secretary Pakistan Boxing Federation (PBF) M. Akram Khan said on Saturday.
Published 04 Jul, 2011 12:00am
Top officials arrested in match-fixing probe

Top officials arrested in match-fixing probe

Turkish police have arrested around 40 people, including the president of top side Fenerbahce as part of an ongoing investigation into match-fixing last season, the Anatolia news agency reported on Sunday. Aziz Yildirim was taken into custody early Sunday
Published 04 Jul, 2011 12:00am
Levet wins French Open

Levet wins French Open

Thomas Levet of France won the French Open at Le Golf National here on Sunday. Levet shot a final round of 70 for a seven-under par total of 277, one stroke clear of Thorbjorn Olesen of Denmark and Mark Foster of England.
Published 04 Jul, 2011 12:00am
12 percent of US adults own e-readers

12 percent of US adults own e-readers

Ownership of electronic book readers such as Amazon's Kindle has doubled among US adults over the past six months, from six percent to 12 percent, according to a survey published on June 27. The survey by the Pew Research Centre's Internet & American Life
Published 04 Jul, 2011 12:00am
Malik urges world to join hands to eliminate terrorism

Malik urges world to join hands to eliminate terrorism

Federal Interior Minister Rehman Malik has said that terrorists are common enemies of humanity and world community should join hands to eliminate this menace. He said this while briefing Saudi journalists and media persons at a local hotel here. He said t
Published 04 Jul, 2011 12:00am
Waterborne diseases on rise in Karachi slums

Waterborne diseases on rise in Karachi slums

Waterborne diseases, specially gastro, typhoid and skin ailments, are on the rise in Karachi, particularly its slum areas, said Dr Khuwaja Salman. Examining patients in a free medical camp held by Jamaat-e-Islami UC-12 Gulshan-e-Iqbal chapter at Muhammad
Published 04 Jul, 2011 12:00am
Junaid appointed MD PRACS

Junaid appointed MD PRACS

The Ministry of Railways has appointed Junaid Qureshi, a senior officer of the Railway Group, as Managing Director Pakistan Railways Advisory and Consultancy Services (PRACS), an official notification said.
Published 04 Jul, 2011 12:00am
MCCI President for steps to end energy crisis

MCCI President for steps to end energy crisis

President, Multan Chamber of Commerce & Industry (MCCI), Shahid Naseem Khokhar, on Sunday urged the government to take immediate steps for solution the prevailing energy crisis, due to which around 25,000 industrial units in the country have come to a sta
Published 04 Jul, 2011 12:00am
Book launching ceremony at SSUET

Book launching ceremony at SSUET

Literary Arts & Culture Forum of Sir Syed University of Engineering & Technology hosted the launching ceremony of the book "Chand Tasveer-e-Raftagan" at the Bashir A. Malik Auditorium. Chancellor Z.A. Nizami presided over the ceremony, which was attended
Published 04 Jul, 2011 12:00am
Energy crisis leaves textiles in tatters

Energy crisis leaves textiles in tatters

Spinning yarn into cloth used to be a path to fortune in Pakistan, but a story of decline encapsulates how far a crippling energy crisis and rocketing inflation are suffocating the economy. Power cuts sometimes lasting more than 12 hours a day have forced
Published 04 Jul, 2011 12:00am
Man gunned down in Baldia

Man gunned down in Baldia

A man was killed in firing by unidentified armed men on Sunday morning at Baldia town, in the limits of Baldia police station. Police said that, 20-year-old Waseem s/o Gulab Khan was returning from duty when unidentified armed men riding on a bike interce
Published 04 Jul, 2011 12:00am
Punjab government allocates huge funds for healthcare

Punjab government allocates huge funds for healthcare

Provincial Minister for Labour, Haji Ehsaan-ud-Din Qureshi, said that focus of the government is upon primary and protective healthcare so that it can accomplish the Millennium Development Goals (MDGs) in order to achieve the targets Rs 8.5 billion will b
Published 04 Jul, 2011 12:00am
Body with torture marks found

Body with torture marks found

An unidentified torture marked body of man was found from Syed Mohammad Shah Road area in the limits of Napier police station. Police said on Sunday that the body was shifted to Civil Hospital Karachi for medico-legal formalities.
Published 04 Jul, 2011 12:00am
MONEY WEEK: surprise, surprise

MONEY WEEK: surprise, surprise

With the fiscal year FY11 coming to its close, the government has almost met all the major targets of IMF, against the expectations of critics. These include revised target of fiscal deficit, fiscal borrowing from the SBP and increasing efforts on the bro
Published 04 Jul, 2011 12:00am
New bumper crop heralds larger cotton exports next season

New bumper crop heralds larger cotton exports next season

About a dozen of factories, more in Punjab and less in Sindh, have already commenced ginning operation in new crop (2011-12) for which almost entire supply of seed-cotton comes from the districts of lower Sindh. Stray pickings have also started in central
Published 04 Jul, 2011 12:00am
New bumper crop heralds larger cotton exports next season

New bumper crop heralds larger cotton exports next season

About a dozen of factories, more in Punjab and less in Sindh, have already commenced ginning operation in new crop (2011-12) for which almost entire supply of seed-cotton comes from the districts of lower Sindh. Stray pickings have also started in central
Published 04 Jul, 2011 12:00am
People can lose weight with Internet help

People can lose weight with Internet help

People tend to lose a little more weight with online help than with traditional weight loss programs, according to a new study from Japan. With obesity on the rise, there have been many attempts to take advantage of the Internet to help people lose weight
Published 04 Jul, 2011 12:00am
Old osteoporosis drug may help in killing flu viruses

Old osteoporosis drug may help in killing flu viruses

A old osteoporosis drug may be effective in killing a range of influenza viruses, including ones that are very dangerous to people like the H5N1 bird flu virus, scientists in Hong Kong reported on June 27.
Published 04 Jul, 2011 12:00am
AIDS drugs can cause premature ageing

AIDS drugs can cause premature ageing

A class of generic AIDS drugs often used to treat HIV in Africa and other poor regions can cause premature aging and lead to age-related illnesses such as heart disease and dementia, scientists said.
Published 04 Jul, 2011 12:00am
CT scans cut lung cancer deaths by 20 percent

CT scans cut lung cancer deaths by 20 percent

Current or former heavy smokers screened with low-dose CT scans experienced a 20 percent reduction in lung cancer deaths compared to those screened using chest X-rays, a US study said on June 27.
Published 04 Jul, 2011 12:00am
'Lean gene' ups risk of heart disease, diabetes

'Lean gene' ups risk of heart disease, diabetes

Being slim may not always lead to a lower risk of heart disease and diabetes, scientists said on June 26 after they identified a gene linked both to having a lean body and to a higher risk of metabolic diseases.
Published 04 Jul, 2011 12:00am
Greenland ice melts most in half-century

Greenland ice melts most in half-century

Greenland's ice sheet melted the most it has in over a half century last year, US government scientists said on June 26 in one of a series of "unmistakable" signs of climate change. "The world continues to warm," the National Oceanic and Atmospheric Admin
Published 04 Jul, 2011 12:00am
Egypt denies its seeds caused E.coli outbreak

Egypt denies its seeds caused E.coli outbreak

Egypt's Ministry of Agriculture on July 01 denied that fenugreek seeds exported to Europe had caused an E.coli outbreak that has killed 50 people, mainly in Germany.
Published 04 Jul, 2011 12:00am
'E. coli outbreaks linked to Egyptian seeds'

'E. coli outbreaks linked to Egyptian seeds'

Imported fenugreek seeds from Egypt may be the source of highly toxic E. coli outbreaks in Germany and France that have killed at least 48 people, according to initial investigations by European scientists. More than 4,000 people across Europe and in Nort
Published 04 Jul, 2011 12:00am
Moody's downgrades Toyota one notch to Aa3

Moody's downgrades Toyota one notch to Aa3

Ratings agency Moody's on June 26 said it had downgraded Toyota Motor and its affiliates by one notch to Aa3, citing concerns for its profitability against a strong yen and materials costs.
Published 04 Jul, 2011 12:00am
Barclays sells assets to Axa Private Equity

Barclays sells assets to Axa Private Equity

British bank Barclays announced on June 30 it had agreed to sell a package of private equity interests, worth 520 million euros ($753 million), to an affiliate of French insurance group Axa.
Published 04 Jul, 2011 12:00am
Barclays sells assets to Axa Private Equity

Barclays sells assets to Axa Private Equity

British bank Barclays announced on June 30 it had agreed to sell a package of private equity interests, worth 520 million euros ($753 million), to an affiliate of French insurance group Axa.
Published 04 Jul, 2011 12:00am
HSBC bank says will cut 700 jobs in UK

HSBC bank says will cut 700 jobs in UK

Global banking giant HSBC said on June 30 it will cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers. The job losses were announced on the same day that state-rescued Lloyds Banking Group (LBG) unve
Published 04 Jul, 2011 12:00am
HSBC bank says will cut 700 jobs in UK

HSBC bank says will cut 700 jobs in UK

Global banking giant HSBC said on June 30 it will cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers. The job losses were announced on the same day that state-rescued Lloyds Banking Group (LBG) unve
Published 04 Jul, 2011 12:00am
JAL plans budget carrier with Jetsar

JAL plans budget carrier with Jetsar

Japan Airlines (JAL) is expected to enter the low-cost carrier market by teaming up with Australia's Jetstar, launching domestic services as early as next year, a report said on July 01. JAL plans to set up a joint venture with Jetstar, the budget offshoo
Published 04 Jul, 2011 12:00am
How two shell companies duped the Pentagon

How two shell companies duped the Pentagon

Two companies incorporated at a little house in Cheyenne, Wyoming, won Pentagon contracts after their owner took advantage of the state's liberal incorporation laws to create the firms using an alias, and then represented them as minority-owned to win fav
Published 04 Jul, 2011 12:00am
BMW sees double-digit Brazil growth

BMW sees double-digit Brazil growth

BMW, the world's largest maker of luxury cars, expects to maintain double-digit sales growth this year in Brazil, where it may build an assembly plant, a senior executive said in an interview.
Published 04 Jul, 2011 12:00am
BMW sees double-digit Brazil growth

BMW sees double-digit Brazil growth

BMW, the world's largest maker of luxury cars, expects to maintain double-digit sales growth this year in Brazil, where it may build an assembly plant, a senior executive said in an interview.
Published 04 Jul, 2011 12:00am
American Airlines to purchase 250 planes

American Airlines to purchase 250 planes

American Airlines is negotiating with Airbus and Boeing over the purchase of at least 250 planes in a deal worth an estimated $15 billion, the Wall Street Journal reported on June 30. The deal, which the Journal said would replace 38 percent of American's
Published 04 Jul, 2011 12:00am
Mizuho Securities plans to boost retail network

Mizuho Securities plans to boost retail network

Mizuho Securities plans to quickly expand its domestic retail network in a bid to catch up with bigger rivals such as Nomura Holdings that are able to rely on retail revenues to shore up other operations, the new head of the brokerage said.
Published 04 Jul, 2011 12:00am
Mizuho Securities plans to boost retail network

Mizuho Securities plans to boost retail network

Mizuho Securities plans to quickly expand its domestic retail network in a bid to catch up with bigger rivals such as Nomura Holdings that are able to rely on retail revenues to shore up other operations, the new head of the brokerage said.
Published 04 Jul, 2011 12:00am
Moody's downgrades Toyota one notch to Aa3

Moody's downgrades Toyota one notch to Aa3

Ratings agency Moody's on June 26 said it had downgraded Toyota Motor and its affiliates by one notch to Aa3, citing concerns for its profitability against a strong yen and materials costs.
Published 04 Jul, 2011 12:00am
South Koreans, girls are tops in digital literacy: OECD

South Koreans, girls are tops in digital literacy: OECD

Young South Koreans, and girls, learn the best from computers and the Internet according to a survey of 15 year-olds in 19 countries, the OECD said on June 27. The OECD, which groups 34 of the world's most advanced economies, tested the digital literacy o
Published 04 Jul, 2011 12:00am
500,000 Android devices activated each day: Google

500,000 Android devices activated each day: Google

More than 500,000 devices running Google's Android software are being activated every day, a senior Google executive said on June 28. Andy Rubin, creator of the Android operating system and a Google vice president for engineering, made the announcement in
Published 04 Jul, 2011 12:00am
Nevr 2 L8: text messages double chance of quitting smoking

Nevr 2 L8: text messages double chance of quitting smoking

People trying to quit smoking are twice as likely to succeed when they get mobile-phone text messages to encourage them, according to a study reported on June 30 by The Lancet medical journal. British doctors recruited 5,800 smokers and randomly assigned
Published 04 Jul, 2011 12:00am
Facebook plans 'awesome' launch this week: chief executive

Facebook plans 'awesome' launch this week: chief executive

Facebook, the world's biggest social networking website, is set to launch a new feature this week, possibly in the mobile or tablet arena, its CEO said. Chief Executive and founder Mark Zuckerberg told reporters in a visit to Facebook's Seattle office on
Published 04 Jul, 2011 12:00am
Google+, social networking service launched

Google+, social networking service launched

Google, the king of Internet search but a bust on the social front, launched its rival to Facebook on June 28, a social networking service called Google+. "Online sharing is awkward. Even broken. And we aim to fix it," Google's senior vice president for e
Published 04 Jul, 2011 12:00am
Young in US, UK turning to mobile banking: survey

Young in US, UK turning to mobile banking: survey

Young owners of smartphones in Britain and the United States are increasingly managing their finances via their phones, checking account balances and viewing transactions, new research shows.
Published 04 Jul, 2011 12:00am
Twitter users sending 200 million tweets a day

Twitter users sending 200 million tweets a day

Twitter users are sending 200 million tweets a day, up from 65 million a year ago, the micro-blogging service said on June 30. "For context on the speed of Twitter's growth, in January of 2009, users sent two million tweets a day," Twitter said in a blog
Published 04 Jul, 2011 12:00am
OECD for 'light touch' on Internet regulation

OECD for 'light touch' on Internet regulation

Key players in the Internet world stressed that the "light touch" approach to regulation, along with a free flow of information remained vital to life on the web, the OECD said on June 29, after a two-day meeting.
Published 04 Jul, 2011 12:00am
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