International News - Page 22

23 killed as terrorists attack Karachi, Pakistan's biggest airport

Gunmen attacked one of Pakistan's biggest airports on Sunday and at least 23 people were killed, including all 10 of the attackers, media reported.

China's India strategy after Modi sarkaar: To aid development, but mum on trade deficit

China's Foreign Minister Wang Yi promised on Sunday to help India's economic development and emphasised that the two countries see eye-to-eye of most issues, playing down difference over a trade deficit and a festering border dispute.

China's May exports rise 7%, imports slip

Private sector analysts say the Chinese economy will likely slow down as the impact of mini-stimulus efforts fade. Economic growth eased to 7.4 percent in the first quarter from the previous quarter's 7.5 percent.<br />

How did China's Alibaba defeat rival eBay? With the Six Vein Spirit Sword and kung fu

Alibaba's aspirations helped it grow from just 18 employees to more than 20,000 today. Along the way, it knocked eBay Inc out of China and is now preparing for a U.S. stock listing that could be the biggest tech IPO to date.<br />

Europe to force Facebook, Google to abide by EU privacy laws

The agreement to force Internet companies such as Google and Facebook to abide by EU rules is a first step in a wider reform package to tighten privacy laws - an issue that gained prominence following revelations of U.S. spying in Europe.<br />

Decoding Super Mario's negative interest rates: Will ECB's gambit work?

Experts believe that this money will not only go into rebuilding the eurozone, but will also enter emerging markets like India. The question is whether banks will actually start lending when economic prospects are so uncertain.

No eggs on the menu but luxury jeweller Faberg sues NY restaurant Faberge

The restaurant, which opened last fall in the heavily Russian neighborhood of Sheepshead Bay, "is an effort to free-ride on the enormous good will" established by Faberg and "confuse consumers and members of the general public," according to the lawsuit filed in federal court in Brooklyn.

China's economy to slow down to 7.5% over next 2 years: World Bank

Growth is expected to slow to 7.6 percent in 2014, and 7.5 percent in 2015, from 7.7 percent in 2013, it said.<br />

Easy money: Will the ECB have no choice but to be a copycat of the US?

Speculation is rife that the Draghi-led ECB will soon enter the full blown quantitative easing territory and print money to buy bonds, something that the Federal Reserve of the United States and the Bank of Japan have been doing for a while now.<br />

Twitter acquires mobile advertising startup Namo Media

Twitter Inc said on Wednesday it will acquire Namo Media, a technology firm specializing in "native advertising" for mobile devices.

ECB cuts deposit rates below zero to buoy euro zone economy

The ECB cut the deposit rate to -0.10 percent, the main refinancing rate to 0.15 percent, and the marginal lending rate - or emergency borrowing rate - to 0.40 percent.<br />

Economic reversal underway? More job creation in the US in six years

"We are getting more job creation and we are seeing more people come in," said Paul Turek, a labor economist with Washington state's Employment Security Department.<br />

Narendra Modi accepts Obama's invitation, to meet him in US in September

Indian Prime Minister Narendra Modi will visit Washington to meet President Barack Obama in September, two Indian newspapers reported on Thursday, signalling a new start in ties with a leader once denied a visa by the United States.

BNP Paribas fine: 'Disproportionate', says French PM Hollande to Obama

US authorities are investigating whether BNP evaded US sanctions relating primarily to Sudan, Iran and Syria between 2002 and 2009. Sources familiar with talks between them and the bank have said the potential fine could exceed $10 billion.

Opel aims for No 2 slot, return to profit by nudging closer to GM's technologies

Opel and its sister brand Vauxhall plan to become the number two in the European passenger car market by 2022 and to increase market share in Europe to 8 percent, from a current level of around 5.8 percent.

Punish US govt `pawns' Google, Apple, says Chinese state media

US companies such as Yahoo Inc, Cisco Systems Inc, Microsoft Corp and Facebook Inc threaten the cyber-security of China and its internet users, said the <em>People's Daily</em> on its microblog, in comments echoed on the front page of the English-language <em>China Daily</em>.

US job market growth slows down in May, rise in unemployment

The economy contracted in the first quarter, slammed by unusually harsh winter weather and a slow pace of inventory-building by businesses. But data ranging from manufacturing to automobile sales suggest growth is rebounding, and economists look for it to top a 3 percent annual rate this quarter.<br />

Apple unveils "Healthkit" alongside Mac, iPhone features

Apple Chief Executive Tim Cook and software-engineering boss Craig Federighi told several thousand developers about new features that come with the latest "Yosemite" Mac platform and iOS8, the software that powers the iPhone and iPad.<br />

RIP PSP: Sony pulls plug on handheld console after a decade

The Japanese electronics and entertainment company has been pushing the successor machine, PlayStation Vita.<br />

China PMI hits four month high but worries over economy persist

Chinese leaders have ruled out the possibility of any big fiscal stimulus as they focus on reforms to try to put the economy on a more sustainable footing over the long term.<br />

Malaysian body says no pig DNA found in Cadbury chocolates, skeptics unsatisfied

Cadbury withdrew two varieties of its chocolate snacks from sale in Muslim-majority Malaysia last week after government tests found traces of pork in them

Rajat Gupta, ex-Goldman Sachs director, loses bid to stay out of jail

Gupta, 65, was convicted in June 2012 of feeding tips from Goldman board meetings to longtime friend Raj Rajaratnam, founder of the Galleon Group hedge fund firm.

Music muscle: Apple buys Beats, gets music mogul Jimmy Iovine for $3 bn

Beats co-founders Iovine and rapper Dr. Dre will join Apple as part of the acquisition of the music streaming and audio equipment company

UK probes allegations of GlaxoSmithKline paying bribes in China, 4 other nations

The Serious Fraud Office (SFO) said on Tuesday that its director had "opened a criminal investigation into the commercial practices of GlaxoSmithKline and its subsidiaries"

India in top 10 markets for Australians to invest in, also most challenging one

India ranked as the ninth important market currently. The country was also seen as the third important future market, with respondents saying they were planning on doing business in/with in the next two years.

Believe it or not, here's a 3D printer that can create edible fruit

The printer uses a molecular-gastronomy technique called spherification. It combines individual liquid droplets with different flavours into a fruit shape.

Google's new self-driving cars: No steering wheels, not even a driver's seat

Google Inc is building cars that don't have steering wheels, accelerator pedals or brake pedals, in an ambitious expansion of the Internet company's efforts to develop self-driving cars.

Economic slowdown slows down everything but speeds up obesity in rich nations

While rates are rising as much as 3 percent a year in countries such as Australia, France, Mexico and Switzerland, they have been fairly stable in other countries such as the Unites States, Canada, Korea and Italy, the Organization for Economic Cooperation and Development said in report.

The battle you won't see: How Nike, Adidas are slugging it out at World Cup 2014

Adidas, which has long dominated the market for soccer boots, shirts and balls, is facing a fierce challenge from Nike.

After Versace and Valentino, Italian designer Cavalli reaches out to investor for funds

Talks between Cavalli and Investcorp, which has owned Gucci in the past and was also a bidder for the 20 percent stake in Versace, are at a preliminary stage and nothing has been decided, the first source said.