International News - Page 19

Tata Steel's UK plant to axe approximately 400 jobs

A consultation process, which will take over 45 days, will begin soon with affected employees and their representatives.

France proposes 1 bn euro credit line for Indian infra projects

The credit line would be available over three years and would be delivered through the French Development Agency, Fabius, who began his India visit on Monday, told reporters in New Delhi.

India has the potential to be world's largest economy, says Facebook's Sandberg

India, an emerging global economic power, has the potential to become the largest economy in the world, Facebook Chief Operating Officer (COO) Sheryl Sandberg said today.

France confident of $20 bn Rafale deal with India: All you need to know

France pushed for a larger defense partnership with India as its Foreign Minister Laurent Fabius on Monday.

RIP Orkut: Google to shut its first social networking service in September

Google Inc will shut down its early social-networking service, Orkut, which was launched ten years ago but has failed to put Google ahead in what has become one of the Web's most popular businesses.

General Motors recalls another 8.23 mn cars, to compensate for ignition switch deaths

General Motors Co on Monday widened the list of older models it is recalling for potentially deadly ignition switches, adding 8.23 million compact and midsize cars that it has linked to seven crashes and three fatalities.

Global M&As hit 7-year high, deals worth over $1 trillion in last quarter

At over $1 trillion, the second quarter of 2014 was the highest in deal volume since the second quarter of 2007 and was up significantly from the $680 million in the first quarter of 2014.

China plans 1,800 km-long rail link with Pakistan that runs through PoK

India has reportedly conveyed its reservations in this regard to China as it is being constructed through the disputed territory.

Japan's unemployment rate at 16-year low, employment levels highest since 1992

The jobless rate in the world's third-largest economy fell to 3.5 percent, the lowest since 1997 and a level the Bank of Japan says is near full employment.

CNBC anchor says Apple CEO Tim Cook is gay, admits to error

CNBC anchor Simon Hobbs was part of a panel on a show discussing that there are CEOs at top American companies who are gay but have not publicly spoken about their sexual preferences.

Cost cutting: China to curb constructions of unapproved govt buildings

The Communist Party has been eager to project a frugal image since Xi Jinping became president last year, renewing efforts to stamp out corruption

Neo version of A330 : Airbus set to upgrade its bestseller with new Rolls-Royce engines

Airbus, which has promised investors a decision before the end of the year on whether to revamp the 253- to 295-seat A330 passenger jet, said none had been taken so far.

Poker brand 888 bites back, cancels Suarez sponsorship deal after his ban

Poker brand 888 has cancelled its sponsorship deal with Luis Suarez after the Uruguay striker was banned from all soccer-related activity for four months for biting an opponent during a World Cup match.

Hunt for missing Malaysia Airlines Flight MH37 shifts farther south in Indian Ocean

The search for missing Malaysia Airlines Flight MH370 will shift south along a narrow arc identified as the most likely resting place of the plane, the Australia's deputy prime minister said on Thursday.

Won't help clear India's oil payments to Iran, says US Fed

The US Federal Reserve is not involved in clearing payments made by India to Iran to pay some of its dues for oil

Tech moguls are trying to raise big money to fight big money problem in Washington

A group of influential Internet moguls aim to fix what they refer to as the "big money problem" in Washington politics by, well, raising cash.

Apple to start making larger iPhones from next month

Apple Inc's suppliers will begin producing larger versions of the iPhone in China next month, Bloomberg reported citing sources.

Swiss govt to relax rules for foreign assistance in tax evasion cases

The proposed revision in Switzerland's Tax Administrative Assistance Act would do away with an existing requirement where all individuals are given prior information before any details about them are shared with a foreign jurisdiction for alleged tax crimes.

BMW extends joint venture with Chinese auto firm till 2028

BMW declined to comment about the details of the contract extension between the two companies, or say whether this entailed more ambitious expansion plans.

Honda, other Japanese auto makers recall another 2.9 mn vehicles over air bag flaw

The series of recalls cover both passenger-side and driver-side air bags, which the world's second-biggest automotive safety parts maker manufactured in 2000-02. The total ranks it among the five biggest recalls in the industry's history.

$9 trillion: How much global infrastructure spending is expected to hit by 2025

About $78 trillion is expected to be spent on capital projects and infrastructure globally between now and 2025, according to a study.

Alstom board gives approval to GE bid to buy power business

GE says that if shareholders and workers' representatives approve, the deal to buy Alstom's gas and steam turbine-making operations will close sometime next year.

Google's Nest buys home camera startup Dropcam for $555 mn

The deal was touted as a foray into the fast-growing "smart" home automation market

Despite Iraq crisis, global stocks hover around record highs

All of Europe's major exchanges inched up in early trade, although the headline MSCI index of world shares dipped 0.2 percent from record highs hit on Thursday.

iWatch rumours: Taiwan's Quanta to start production of Apple's smartwatch in July

The still-unnamed watch, which Apple followers have dubbed the iWatch, will be the company's first foray into a niche product category that many remain skeptical about, especially as to whether it can drive profits as growth slows in tech gadgets.

Western automakers use aluminium in cars, Asia still fighting shy

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