Archive for the ‘Economy’ Category

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Google to Buy Motorola Mobility for $12.5bn

Google has announced a deal to buy phone hardware maker Motorola Mobility for $12.5bn (£7.7bn). In its biggest deal to date, Google said it would pay $40 per share in cash, a 63% premium to Motorola Mobility’s Friday closing price on the New York Stock Exchange. Monday’s move, the company’s biggest foray into the hardware […]






Asian Markets Tumble After Share Sell-off in the US

Asian markets tumble on Tuesday after Wall Street losses, extending the worst global sell-off in stock markets since the 2008 financial crisis. Japan’s Nikkei 225 index fell 3.7%, South Korea’s Kospi lost 5%, and Australia’s ASX shed 3.8%. Earlier in the US, the Dow Jones stock index dropped 5.6%, despite US President Barack Obama trying […]






Obama: Debt Ceiling Deal Reached to Avert Default

President Barack Obama and Republican congressional leaders reached historic agreement Sunday night on a compromise to permit vital U.S. borrowing by the Treasury in exchange for more than $2 trillion in long-term spending cuts. The Senate emphatically passed emergency legislation Tuesday to avoid a first-ever government default, rushing the legislation to President Barack Obama for […]






Are Internet Explorer Users Dumb?

A survey by AptiQuant, a Vancouver-based Web consulting company recently raised the question: Are users of other Web browsers smarter than the people who use Microsoft’s Internet Explorer? AptiQuant gave more than 100,000 participants an IQ test, while monitoring which browser they used to take the test. The result? Internet Explorer users scored lower than […]






Apple Now Has More Cash Than US Government

Maybe the cash-strapped US government should start selling iPads. According to the latest statement from the U.S. Treasury, the government had an operating cash balance Wednesday of $73.8 billion. That’s still a lot of money, but it’s less than what Steve Jobs has lying around. Tech juggernaut Apple had a whopping $76.2 billion in cash […]






Will Online Shopping Overtake Traditional Shopping?

Nowadays, almost every major retailer has a website; those that yet don’t, are certainly moving in that direction. Indeed online shopping bring us convenience, we go there, we browse, and we buy. But for some, the traditional formula of simply setting up a web page and waiting for customers to click “buy” just does not […]






Visit to China’s Secretive Tech Giant Huawei

It’s one of the world’s leading – and somewhat inscrutable – technology companies. Its telecom systems connect a third of the world’s mobile phones. And globally, it employs 110,000 staff – more than Cisco or Microsoft. The company is Huawei – born and bred in Shenzhen, southern China. And it epitomises today’s power of Asia. […]






The cost of weddings spirals in China

Every year in China more than ten million couples tie the knot. Weddings are a multi-billion-dollar business and expenses for the big day can quickly spiral out of control. Cecilia and Ye Min will get married in a church because Cecilia is a Christian. They were shocked when they did their sums and realised their […]






IMF urges China to Strengthen Yuan

China faces risks from inflation and a possible boom and bust in real estate prices and should allow its tightly controlled currency to rise to promote economic stability, said the International Monetary Fund. “A stronger renminbi would increase household income, boost consumption, make China’s manufacturing products more affordable for the Chinese people, and help build […]






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