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Yahoo buys Tumblr for $1.1 billion
Leave a Comment »Yahoo buys Tumblr for $1.1 billion Published Monday, May 20, 2013 8:13AM EDT SAN FRANCISCO — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer’s boldest move yet since she left [...]
China Home-Price Gains Signal Growth Challenge for Li
Leave a Comment »China Home-Price Gains Signal Growth Challenge for Li China’s new-home prices rose last month in 68 of 70 cities tracked by the government, indicating Premier Li Keqiang will need to maintain efforts to cool the property market even as economic growth slows. Residential buildings stand in the Pudong area of Shanghai, China. Photographer: Tomohiro Ohsumi/Bloomberg 4:28 May 17 [...]
EU Exit: Will Europe grieve over UK loss?
Leave a Comment »EU Exit: Will Europe grieve over UK loss? Published on 20 May 2013 To stay or to go? That’s the question center stage of British politics, as the pros and cons of EU membership are thrashed out. A draft bill on an in-out referendum, recently issued by the ruling Conservative party, says it must be held [...]
Too Rich To Pay: UK giants slash tax bills amid tense austerity
Leave a Comment »Too Rich To Pay: UK giants slash tax bills amid tense austerity Published on 18 May 2013 We’re all being expected to pay our way, as a few more tax dollars are squeezed out of us. But not everyone’s coughing up. The big firms we spend a fortune with are getting away with paying a pittance [...]
US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing
Leave a Comment »US Dollar Collapse and Japan’s Sham Currency War: The Hidden Agenda Behind Japan’s Kamikaze Quantitative Easing By Matthias Chang Global Research, May 15, 2013 US dollars have been flooding the financial markets ever since Bernanke launched quantitative easing allegedly to turn around the US economy. These huge amounts of US$ toilet paper are mainly in financial [...]
Falsterity: France slips into new recession amid higher taxes
Leave a Comment »Falsterity: France slips into new recession amid higher taxes Published on 16 May 2013 The French economy has slipped back into recession – after being dragged further into Europe’s financial troubles. And the poor figures are stacking up against President Hollande, whose ratings have slumped with record speed. Analyst Alex Korbel believes that the French need [...]
Substandard Submarine: UK cutting-edge nuke vessel flawed
1 Comment »Substandard Submarine: UK cutting-edge nuke vessel flawed Published on 15 May 2013 Britain’s planning to spend nearly 160 billion pounds over 10 years on new military equipment. A large chunk of the money will go towards a new class of nuclear submarine. But the project faces serious problems as the sub’s nuclear reactor is malfunctioning and [...]
Walmart opts out of Bangladesh safety agreement
1 Comment »Walmart opts out of Bangladesh safety agreement Asda owner said the deal signed by its rivals was ‘unnecessary’ and agrees to inspect all 279 factories it uses in the country within six months Walmart has confirmed it will not sign up to a legally binding agreement on worker safety and building regulations in Bangladesh supported by retailers including H&M, Zara, [...]
Germany can’t stop euro zone from sinking into longest recession
Leave a Comment »Germany can’t stop euro zone from sinking into longest recession By Robin Emmott and Sarah Marsh BRUSSELS/BERLIN (Reuters) – Germany’s economy crept back into growth at the start of the year but not by enough to stop the euro zone from contracting for a sixth straight quarter, and France slid into recession. Falling output across the [...]
Wall Street Week Ahead: ‘Sell in May and Go Away?’ Not This Year
Leave a Comment »Wall Street Week Ahead: ‘Sell in May and Go Away?’ Not This Year By Angela Moon NEW YORK | Fri May 10, 2013 6:49pm EDT (Reuters) – With the Dow and the S&P 500 setting another string of record closing highs this week, the old Wall Street adage “Sell in May and Go Away” is starting to look weak. [...]
