IMF Warns of Lost Decade for World Economy
The head of the IMF (International Monetary Fund) has made a warning statement to the world economy stating that the current global financial situation means that the world is risking being plunged into a lost decade when it comes to its economy. She went on to say that the current mounting debts in the Eurozone [...]
Google has announced that is has now started to allow businesses and brands to feature themselves on its social network. Google+ Pages will enable companies to engage with their users and customers with the Google social network. The use of the social network will be free and Google has also said that the majority of [...]
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It has been reported that a Qantas flight that was bound to London from Singapore has had to be diverted to Dubai, as one of its engine had to be shut down due to a fault. Flight QF31 had 258 passengers on board, 4 pilots and 21crew The plane is an Airbus A380 which is [...]
Continue reading …Samsung Overtakes Apple as Largest Producer of Smart-phones for Third Quarter
October 28, 2011 No Comment
It has now been confirmed that the mobile phone producer Samsung has now taken over from Apple as the world’s largest supplier of smartphones between the months of July and September this year. The figures have come from Strategy Analytics and proved that Samsung shipped around 27.8 million smartphones in the third quarter compared to [...]
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A report has shown that the cost of Italy’s borrowing has reached a record high. The report showed that even though a deal was reached in the eurozone about the global debt crisis Italy’s borrowing figures were still worrying. At an auction on Friday, Italy agreed to pay 6.06% to borrow over 10 years; this [...]
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The oil firm BP has made a statement saying that it has experienced a large rise in its third quarter profits. According to the oil giant it has reached a turning point in its oil and gas operations. In the third quarter report for BP it was found that £3.2 billion was made in profit. [...]
Continue reading …Warnings as Debt Collectors start to Make Use of Social Networking Sites
October 19, 2011 No Comment
The Office of Fair Trading from the UK has put out a formal warning to debt collectors who are making use of social networking sites such as Facebook to try and track down people who owe them money. The Office of Fair Trading is becoming increasingly worried that people’s privacy is being invaded and there [...]
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Many well-known faces have come together to mark the passing of the Apple CEO Steve Jobs. Amongst those who attended a memorial service to mark his life were Bill Clinton, Bill Gates, Bono and Stephen Fry. The memorial was held at Stanford University in the United States. The co-founder of Apple lost his battle with [...]
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The Bank of England has made a statement today saying that it will need to inject another £75 billion into the UK’s economy through quantitative easing. This is on top of the £200 billion that the bank has put into the UK economy since the global financial crisis. Back in 2009 it did this by [...]
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It has been reported that IBM’s market value now exceeds that of its technology rival Microsoft. This is the first time since 1996 that IBM has beaten Microsoft in terms of its value. On the 29th September IBM finished the day’s trading at a value of $214 billion compared to Microsoft’s value of $213.2 [...]
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