International News - Page 24

Obama invites Narendra Modi to visit US despite earlier visa ban

Modi's Bharatiya Janata Party (BJP) and its allies swept India's elections, putting him in position to be prime minister, and ousted the ruling Nehru-Gandhi dynasty in a seismic political shift that gives the Hindu nationalist and his party a mandate for sweeping economic reform.<br />

Following 'right to be forgotten' EU court ruling, Google gets take-down requests

The decision by the Court of Justice of the European Union, which affects the region's 500 million citizens, requires that Internet search services remove information deemed "inadequate, irrelevant or no longer relevant." Failure to do so can result in fines.<br />

Father's illness puts spotlight on unproven Samsung heir, Jay Lee

The only son of Samsung's frail 72-year-old chairman Lee Kun-hee, Jay has been groomed for years to take over the sprawling South Korean family-run "chaebol", a conglomerate with interests spanning technology and insurance to shipbuilding and construction. Samsung Group's 2012 revenue of 380 trillion won ($371 billion) was more than a quarter of South Korea's nominal GDP.<br />

Soon, Facebook may open a sales office in China

Facebook Inc said it may consider opening a sales office in China to provide more support to local advertisers who use the website to reach customers overseas.

Russians slide down UK billionaires list as Ukraine crisis bites

Britain has more billionaires per head of population than any other country, according to the Sunday Times, which put the combined wealth of the 104 billionaires on its list at 301 billion pounds, up over 50 billion pounds since 2013.<br />

Alibaba rival JD.com could be valued at over $24 bn in IPO

The company said the sale of 93.7 million ADS was expected to raise about $1.69 billion at the top end of the price range.<br />

Beats co-founder Jimmy Iovine could be key to $3.2 bn Apple deal

A source familiar with the deal said Iovine would likely leave his record label and join Apple to run Beats, but it hasn't been determined if he would take on a greater role. It also isn't yet clear whether Beats would operate as an independent unit or to whom its executives would report.<br />

Barclays axes 19,000 jobs over 3 years, reins in Wall Street ambitions

Chief Executive Antony Jenkins, in his second strategic review in as many years, will cut 19,000 jobs in the next three years, 7,000 of them at the investment bank, and park 400 billion pounds of assets in a new "bad bank".<br />

Good news! Apple to unveil iPhone 6 in August, earlier than expected

A 4.7-inch screen version of the iPhone 6 will reach stores in August, the Economic Daily News reported without specifying which markets would receive the phone first.<br />

Rajat Gupta, ex-Goldman Sachs director, to enter prison on 17 June

U.S. District Judge Jed Rakoff in Manhattan directed Gupta to surrender by 2:00 p.m. EDT (1800 GMT) on that date to start serving his sentence.

Chart: Alibaba's is a monster of an IPO. Here is how it dwarfs other tech offerings

Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook managed in 2012. It will become the largest Chinese corporation to have sought a home on U.S. exchanges

Cognizant Q1 profit up 23%; forecasts Q2 revenue at $2.5 bn

The New Jersey-headquartered firm had registered a profit of $284.2 million in the first quarter of 2013.<br />

Largest tech debut in history? China's Alibaba embarks on US IPO journey

Alibaba, which powers four-fifths of all online commerce conducted in the world's second-largest economy, is expected to raise upward of $15 billion and potentially surpass the $16 billion that Facebook Inc managed in 2012. It will become the largest Chinese corporation to have sought a home on US exchanges<br />

Coke, Pepsi drop controversial drink ingredient in the US

The ingredient, called brominated vegetable oil, had been the target of petitions on Change.org by a Mississippi teenager who wanted it out of PepsiCo's Gatorade and Coca-Cola's Powerade.

Target removes CEO after over 40 mn customers' card details stolen

The Minneapolis-based company named Chief Financial Officer John Mulligan as interim chief executive, and Roxanne Austin, a member of Target's board of directors, as interim non-executive chair of the board.<br />

Qatar Airways is interested in IndiGo. Will flydubai scout for an Indian partner as well?

Now that India has opened its doors to foreign airlines' FDI, will flydubai also scout for an Indian airline to invest in?