International News - Page 28

Competition Commission slaps Rs 1 crore penalty on Google

According to an official statement today, Google has been fined Rs 1 crore for failing to comply with the directions of the Director General (DG) seeking information and documents. A Google spokesperson said the company was "disappointed by this development."

Making early bets on the next big thing: Does Facebook have Google envy?

Facebook's $2 billion acquisition of Oculus VR, a maker of virtual reality goggles, took Wall Street and technology observers by surprise, not least because of the hefty price for a company with no real revenue and untested technology.<br />

All in the family: Murdoch prepares his boys to take over 21st Century Fox, News Corp

The Murdoch family controls both Fox and News Corp through a trust that has a 38 percent ownership stake of Class B shares with voting rights.<br />

Deal spree: Facebook makes another acquisition. This time it's virtual reality goggles

While Oculus will operate as an independent company, Zuckerberg stressed that Facebook's plans for Oculus extended well beyond games.<br />

China's HSBC flash PMI continues steady fall, March figures drop to 8-month low

The flash Markit/HSBC Purchasing Managers' Index (PMI) fell to an eight-month low of 48.1 in March from February's final reading of 48.5. The index has been below the 50 level since January, indicating a contraction in the sector this year.<br />

Turkey says Twitter 'biased', did not stop 'character assassinations'

The Turkish authorities blocked Twitter late on Thursday, hours after Erdogan vowed to "wipe out" the social media service during the campaigning period for local elections on March 30.<br />

What does US know about Putin's oil wealth?

The most startling part of Washington's sanctions on Russian businessmen loyal to President Vladimir Putin may be a single sentence that contains an explosive allegation: that Putin himself profits from the world's No. 4 oil trading company, Gunvor.<br />

This is how much the Pentagon has spent on searching for missing Malaysian jet

The Pentagon says it has spent $2.5 million to help in the search for the missing Malaysian Airlines jet.

Blow for BlackBerry: Is the White House getting ready to ditch its favourite smartphone?

The tests are in the early stages and any implementation of Samsung or LG phones is still "months away," the report said, adding there has been no indication that Obama is switching from his modified BlackBerry.<br />

#TwitterisblockedinTurkey: Widespread outages of site after PM threatens ban

San Francisco-based Twitter said Thursday afternoon local time that it was looking into the matter and had not issued a formal statement. But the company did publish a tweet addressed to Turkish users instructing them on how to continue tweeting via SMS text message.<br />

The results of US Fed's stress test on major banks are out. And they will surprise you

The Federal Reserve said 29 of the 30 largest banks subjected to a stress test have sufficient capital to withstand a deep recession while continuing to pay dividends

Oscar Pistorius to sell luxury home where he killed girlfriend to pay legal expenses

Pistorius has been forced to sell his home in the upmarket Silver Woods estate

Don't worry, US Fed will keep finding excuses to keep rates low

The central bank has built an economy completely dependent on zero percent interest rates

Major change in policy; Fed seems to be making it up as it goes along: Experts

The Federal Reserve on Wednesday dropped the U.S. unemployment rate as its definitive yardstick for gauging the economy's strength, but new Chair Janet Yellen surprised markets by saying the time between the end of bond-buying and rate increases could be on the order of "six months," swifter than many expected.

Dollar firms up, US bond yields jump after Fed hints at earlier rate hikes

The new sense of uncertainty unsettled Wall Street, where the Dow fell 0.7 percent, and the S&P 500 0.61 percent

Full text: US Fed cuts bond buying program to $55 billion per month

The comments came after a two-day meeting in which Fed officials made another reduction in their bond-buying stimulus and decided to jettison a set of guideposts they were using to help the public anticipate when they would finally raise rates.<br />

Yellen rattles global investors with her 'six months' comment on rate hikes

The Fed has held interest rates near zero since late 2008 and has pumped more than $3 trillion into the economy with its bond purchases to try to foster a stronger recovery.<br />

Why Nissan's efforts to capture India market by 2017 may be delayed

The local car market is bracing for a second year of falling sales, hit by high interest rates and fuel costs. Nissan held a 1.4 percent share of the local passenger vehicle market at end-February, industry data showed.

Porsche recalls all 911 GT3 models due to engine fire risk

Porsche, the German maker of luxury sports cars, said Wednesday it is recalling all 911 GT3 models built this year due to risk of possible engine fire.

Ukraine crisis: US and Europe must accept Russia as a super power once again

The US-EU sanctions against Russia and the separatist Crimeans should have sent a strong message. Well, it did. The message was: we can't really do much, Vladimir

Countdown to Yellen's US Fed presser begins: What you need to watch for

Yellen has spoken of seeking continuity with Bernanke, under whom she served as vice chair. That is one reason markets expect a further pullback in bond purchases.<br />

Shoppers can buy groceries from Wal-Mart in exchange for used video games

Wal-Mart Stores Inc said it will allow shoppers to trade in used videogames for anything from groceries to gadgets across its 3,100 stores from March 26.

New York dethrones London as world's top financial centre after seven years

London slipped from the top of the global rankings, scoring 784 against 786 for New York, because a series of own goals had tarnished its reputation, the report said.

GM recalls 1.5 mn cars as CEO Barra admits 'terrible things happened'

In the last two months, GM has recalled more than 3.1 million vehicles in the United States and other markets. The actions started with last month's recall of more than 1.6 million vehicles for faulty ignition switches. The latest recalls cover airbag wiring harnesses, brake parts and other components across several models.<br />