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International News - Page 23
Modi's swearing-in: For foreign media, it was all about Nawaz Sharif
What has caught the media's attention is the invite and presence of Pakistan Prime Minister Nawaz Sharif at the ceremony.
Pfizer walks away from $118 billion AstraZeneca acquisition attempt
The biggest U.S. drugmaker promised it would not go hostile, leaving the fate of what would have been the world's largest ever drugs merger in the hands of its target, whose board would have had to make a complete U-turn to get a deal done.<br />
Either none or one too many: Now there are two JVs to sell PlayStation consoles in China
China had banned game consoles in 2000, citing their negative effect on the mental health of its youth
India-born billionaire BR Shetty to buy forex firm Travelex for 1 bn pounds
BR Shetty is buying Travelex from private equity player Apax Partners, Lloyd Dorfman and other shareholders.<br />
Iran executes billionaire over using forged documents for $2.6 bn bank fraud
Authorities put Mahafarid Amir Khosravi, also known as Amir Mansour Aria, to death at Evin prison, just north of the capital, Tehran. <br />
US wins WTO case over China imposing tariffs on sale of US-made vehicles
A WTO panel ruled Friday that China's tariffs violated international trade rules.
Apple, Google among companies to pay $325 mn to settle US hiring lawsuit
Filed in 2011, the lawsuit accused Silicon Valley companies of conspiring to limit competition and keep wages down for engineers, programmers and other technical staff.<br />
How political unrest may derail Thailand's profitable medical tourism industry
Of the 26.5 million people who visited Thailand last year, about 2.5 million came for medical reasons, including spa and healthcare services.
HP may cut another 16,000 jobs in bid to protect profits
The Silicon Valley company is trying to reduce its reliance on PCs and move toward computing equipment and networking gear for enterprises, part of Whitman's effort to curtail revenue declines and return the world's number one PC maker to growth.
World Cup boost: Sponsor Adidas sees 8% rise in sales this year
The world's second-biggest sportswear firm has been losing market share in western Europe, its home territory, to Nike, which is also challenging the German company's dominance in the soccer market.
Pakistan to increase mango exports, cash in on EU ban on Indian produce
The All Pakistan Fruits and Vegetables Exporters, Importers and Merchants Association has said that it would be exporting mangoes worth USD 65 million this year.
CEO wants Boeing to be the Apple of aviation. Here's how
Speaking in Seattle at an annual conference with analysts, McNerney also said the company's job was to improve its execution and focus on productivity to reduce costs and improve margins.
As smartphone sales hit record high, Lenovo sees profit spike by 29 percent
Lenovo is expanding into smartphones to offset a decline in its once-mainstay personal computers (PC) as consumers switch to mobile devices, to the extent that it agreed in January to buy the Motorola Mobility smartphone unit of Google Inc for $2.9 billion.
Germany is the second most popular destination for immigrants, says OECD
Germanysoared to second place in the 2012 in a survey of permanent migration published by the Organization for Economic Cooperation and Development (OECD) on Tuesday. It ranked eighth in 2009.
Will be surprised if India's GDP doesn't grow well over next few years, says Cisco chief
Narendra Modi, India's newly appointed Prime Minister, has an excellent reputation as being "decisive and focused" on business, which is going to be "very good" for the country, John Chambers said.
Netflix readies to launch in 6 countries across Europe
Netflix will compete with other video streaming services, such as Canal Play Infinity from Vivendi's Canal Plus in France, and Amazon.com Inc's Prime Instant Video in Germany.<br />
Move over Apple, survey shows Google is now world's top brand
US search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said today.
US ready to work closely with Modi to boost strategic ties: Kerry
Kerry's statement came hours after Modi was invited by President Pranab Mukherjee to be sworn-in as the Prime Minister of India on May 26.<br />
Won't buy computers with Windows 8, says Chinese govt
China's government says it will avoid buying computer equipment that runs on Windows 8
Not a futuristic dream: Audi, Merc to make cars that drive themselves
A little-noticed amendment to the United Nations Convention on Road Traffic agreed last month would let drivers take their hands off the wheel of self-driving cars. It was pushed by Germany, Italy and France, whose high-end carmakers believe they are ready to zoom past American tech pioneers and bring the first "autonomous vehicles" to market.
Luxury market boom over? Study says sales slowdown will get worse this year
Worldwide sales of personal luxury goods are set to rise 4-6 percent this year at constant exchange rates compared with a 6.5 percent increase in 2013, Bain & Co said in the study presented with Italian luxury industry association, Altagamma.
Tax evasion: Why Credit Suisse was slapped a higher penalty than rival UBS
In a meeting with Credit Suisse's lawyers in March 2013, US Justice Department officials, frustrated by what they viewed as poor co-operation from the bank, for the first time said an indictment was possible if they did not see an improvement, according to a person briefed on the situation.
Credit Suisse to pay $2.5 bn fine to US for aiding tax evasion, but top management to stay
The Swiss bank escaped the worst for its business-its top management stayed in place, and the New York state bank regulator said it had decided not to revoke the bank's license in the state.
AstraZeneca rejects Pfizer's take-it-or-leave-it offer of $118 bn
Pfizer wants to create the world's largest drugs company, with a headquarters in New York but a tax base in Britain, where corporate tax rates are lower than in the United States. It has met entrenched opposition from AstraZeneca, as well as many politicians and scientists who fear cuts to jobs and research.<br />
Redefining video entertainment: AT&T to buy DirecTV for $48.5 bn
The deal comes as Comcast Corp awaits regulatory approval of its $45 billion bid for Time Warner Cable Inc
Apple, Google settle smartphone patent litigation, work together on IPR reforms
Apple and companies that make phones using Google's Android software have filed dozens of such lawsuits against one another around the world to protect their technology. Apple co-founder Steve Jobs called Android a "stolen product."<br />