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International

  • Samsung vows more aggressive investment, targets new technology

    Samsung vows more aggressive investment, targets new technology

    Samsung Electronics Co. Ltd pledged to double its dividend yield, invest in new technology and boost marketing to topple Apple Inc in the mobile sector as it sought to ease investors’ concerns over its sagging share price. The world’s leading...

  • Microsoft narrows CEO shortlist

    Microsoft Corp. has narrowed its list of external candidates to replace chief executive Steve Ballmer to about five people, including Ford Motor Co. chief Alan Mulally and former Nokia CEO Stephen Elop, according to sources familiar with the...

  • US debt problems ‘casting global shadow’ – Barroso

    US debt problems ‘casting global shadow’ – Barroso

    Persistent doubts about the ability of the US to resolve its debt problems are putting US credibility in the world at stake, European Commission President José Manuel Barroso has warned. The White House won a brief respite this month when the...

  • UK jobless count plunges as unemployment steady

    UK jobless count plunges as unemployment steady

    The number of people in Britain claiming jobless benefits had its biggest fall in more than 16 years last month but the jobless rate held steady, underscoring the Bank of England’s message that unemployment is likely to fall only slowly. Data...

  • Europe’s car market grows from record low levels

    A surge in UK auto sales and an extra working day boosted Europe’s new car market in September, giving evidence that demand may be slowly bottoming out after plumbing lows not seen in over 20 years. The European car market has been a prime...

  • IMF cuts global growth forecast, warns of prolonged stupor

    The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for more sluggish expansion in the developing...

  • Russia to cut stake in Alrosa

    Russia to cut stake in Alrosa

    Russia’s sporadic drive to raise money from state-owned assets took a step forward on Wednesday, when the government said it would cut its stake in diamond miner Alrosa as part of a $1.6 billion share sale by the company. Alrosa is the world’s...

  • UK construction activity inches off 6-yr high –PMI

    British construction activity eased slightly in September from a near-six-year high in August, a survey of purchasing managers showed on Wednesday, but residential construction rose at its fastest rate in nearly a decade. The Markit/CIPS...

  • Fiat to produce five new models in next two years

    Fiat to produce five new models in next two years

    Italian carmaker Fiat plans to produce five new Fiat-brand models in the next two years as it seeks to return to profitability in the Europe, Middle East and Africa (EMEA) region, the company said yesterday. Alfredo Altavilla, the group’s head of...

  • Bribery scandal dents big pharma sales in China

    Bribery scandal dents big pharma sales in China

    A crackdown on corruption in China’s pharmaceutical sector has hurt sales at international and local firms, with many doctors at Chinese hospitals refusing to see drug representatives for fear of being caught up in the widening scandal. Britain’s...

  • Technology can chill drink in 45 seconds

    Technology can chill drink in 45 seconds

    Over the long hot summer many of us reached for a cold drink. But what is the financial and environmental cost of our demand for cool drinks? Across Europe, combined commercial refrigerators and freezers are estimated to consume 85TWh of...

  • Eurozone exits recession faster than was expected

    Eurozone exits recession faster than was expected

    Stronger growth in the eurozone’s two largest economies, Germany and France, helped the eurozone to emerge from its longest recession to date in the second quarter, confirming expectations a fragile recovery was under way. It took seven quarters...

  • BP sues US over contract suspensions after Gulf oil spill

    BP plc is suing the US Government for barring the British oil giant from obtaining new federal contracts after the company pleaded guilty to charges related to the 2010 rig explosion in the Gulf of Mexico. The suit, filed in US District Court in...

  • Weak outlook for rapid-growth markets

    Weak outlook for rapid-growth markets

    A weak recovery in trade and investment across rapid-growth markets will keep the outlook in 2013 subdued, according to EY’s quarterly Rapid-Growth Markets Forecast (RGMF). Recent weeks have witnessed a reversal of portfolio flows from developed...

  • Never a dull meeting

    Never a dull meeting

    Although it is rare nowadays to step into a coffee shop without seeing at least one meeting in full swing, flexible working for some executives can be more of an intrepid experience. In a new global survey, they have revealed that they are all but...

  • 3D printing technology on catwalk

    3D printing technology on catwalk

    Dutch designer Iris van Herpen has unveiled a new piece at the Paris Fashion Week for Haute Couture created using 3D printing technology from Belgian company Materialise. The design was made using a cutting-edge application of the technology,...

  • Expansion is back on the agenda – Deloitte CFO survey

    Expansion is back on the agenda – Deloitte CFO survey

    Chief Financial Officers (CFOs) of big businesses are shifting towards expansionary strategies and are more willing than ever to take on risk, according to the latest Deloitte CFO Survey in the UK. The Q2 2013 UK CFO Survey, which gauged the views...

  • HSBC reaches a $1.92-billion money-laundering settlement

    A federal judge has approved HSBC Holdings’ record $1.92 billion settlement with federal and state investigators on charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions. While...

  • Nigeria $1bn Eurobonds oversubscribed

    Nigeria $1bn Eurobonds oversubscribed

    Nigeria comfortably raised $1 billion in its return to the Eurobond market on Tuesday, taking advantage of a short period of relative calm in otherwise turbulent markets to issue both a long and shorter-dated bond. The issue was four times...

  • Eurozone recovery to be slow and painful – E&Y

    Eurozone recovery to be slow and painful – E&Y

    The negative impact of a weaker international environment on exports and ever higher unemployment numbers weighing on demand will continue to dampen growth, extending the recession further this year than previously predicted. Despite some positive...

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