Japanese youngsters appear to be so addicted to connecting to the Internet via their cell phones that the government is now taking measures in order to prevent overuse by children. The government is rather concerned with how elementary and junior high school students are involved in cell phone usage. The Yahoo Finance quotes Masaharu Kuba, [...]
Next month Afghanistan plans to ask the international community for a half a billion dollars in order to start working on a “new Kabul”. As was announced by President Hamid Karzai’s chief economic adviser, the northern area of Afghanistan’s chaotic capital will be turned into a modern city with an electric tram system and a [...]
When the value of its shares fell, Nokia, the Finnish mobile phone maker, cut handset prices accordingly and started looking at other markets. This included plans to re-enter South Korea later this year. Nokia shares dropped by 1.2 percent. Reuters posts some statistical details of European shares. Shares in South Korea’s LG Electronics (066570.KS: Quote, [...]
HSBC, has written off $2.6bn (£1.3bn) because of the ongoing credit crunch. However, the bank has announced that its profits for the first three months of this year exceeded the same period last year, and this appears to be true for all countries where HSBC operates. This is Money quotes Chief executive Michael Geoghegan speaking [...]
The famous home-improvement retailer Lowe’s Cos. announced an 18 percent drop in its fiscal first-quarter profit. The current situation is the result of today’s sales environment as well as the market, rising food and fuel prices. The Wall Street Journal posts some statistical details. The Mooresville, N.C., retailer said same-store sales for the quarter ended [...]
Microsoft has offered a new deal to Yahoo which seem to be more than just a partnership. As The Financial Times reports, Microsoft offers $46.5bn bid for the whole of Yahoo , when Yahoo’s search operations alone are worth $21bn. Meanwhile, Eric Schmidt, chairman and chief executive of Google, made clear the search company remained [...]
The Islamic Bank of Asia (IB Asia) has noticed an increase in interest from investors for Islamic finance. Two board members of IB Asia, Shariah, Shaikh Nizam Yaqouby and Dr. Mohammed Daud Bakar, say that they believe changes in the global investment climate drive the demand for Islamic banking. In such a situation, the development [...]
CNN Money reports that consumers will have to get used to paying more for their groceries over the next two years. Concerns with rising food prices worldwide are part of anticipated five-year cycles, agricultural economists claim. Prices flare up in the first two to three years of the cycle and then start to moderate by [...]