Recent Posts

Spying on Merkel is one thing, spying on the people is another

After a brief relief provided by congressional Republicans during the debt ceiling debate, US President Barack Obama has again found himself handling a snowballing international outcry over US global surveillance operations. Media outlets last week alleged that the US monitored German Chancellor Angela Merkel’s mobile telephone, basing their claims on …

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Portuguese parliament backs austerity budget

Portugal’s lawmakers have given outline approval to a budget bill for 2014 that slashes spending on state pensions, public sector wages, healthcare and education. As it was presented, protesters in the public gallery chanted “Government – out!” before being removed by police. Portugal’s lawmakers have given outline approval to a …

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Beware expensive mistakes in acquiring companies

Who would you go to for advice if you were preparing to do a big business deal? Many Westerners, even with bread-and-butter issues such as buying houses and planning their retirement, would engage a financial adviser. But for many Chinese, it seems, the go-to person, even with multimillion dollar transactions, …

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Google showed off its next-generation smartphone, the Nexus 5

Google showed off its next-generation smartphone, the Nexus 5, as well as the latest update to its Android OS, which is called KitKat, on Thursday. The Nexus 5 is available Thursday on Google Play and starts begins at $349 for an unlocked device without a contract. The 32GB model is priced …

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Balance sheet shows US $16 trillion in the hole

Anyone who ran a company with a balance sheet that looked like the U.S. probably wouldn’t have a company anymore. The picture painted by the federal balance for fiscal year 2012 shows a nation with a negative net worth of more than $16 trillion, according to the Treasury Department’s year-end …

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Tensions with allies rise, but U.S. sees improved China ties: Analysis

With ties between Washington and many close allies strained because of eavesdropping revelations and differences over U.S. policies in the Middle East, the Obama administration can take some comfort from an improvement in ties with China. A year after China’s President Xi Jinping took over the helm of the country’s …

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TRANSFORMING THE AFRICAN CONTINENT WITH NGOZI OKONJO-IWEALA

http://www.youtube.com/watch?v=foEbWCSY0UI Over the last decade, the continent was home to six of the world’s ten fastest growing economies, and the outlook for the region remains bright at a time when the rest of the world is facing major political and economic challenges. At the WEF Summit in Addis Ababa, ABN …

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China Oct. Non-Manufacturing PMI Rises to 56.3 From 55.4

China’s non-manufacturing Purchasing Managers’ Index (CPMINMAN) rose at a faster pace in October, the National Bureau of Statistics and China Federation of Logistics and Purchasing said today in Beijing. The reading of 56.3 compares with 55.4 in September. A number above 50 indicates expansion. HSBC Holdings Plc and Markit Economics will release …

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Samsung edges Apple in tablet-satisfaction survey

Samsung tablets have edged out iPads for the first time in JD Power’s biannual customer-satisfaction survey, although some observers say the results don’t quite add up. Samsung topped JD Power’s rankings with a score of 835 out of 1,000, narrowly beating out Apple’s 833. Amazon was third in customer satisfaction …

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Europe must bring the single market to the digital world

Winston Churchill said, “If you do not take change by the hand, it will grab you by the throat.” Digital change is ready to take the European telecoms sector by the throat, and that should be a worry for the whole economy. Many companies are heavily indebted or prime takeover …

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Samsung’s new kid-friendly Galaxy Tab 3 Kids

Just Forget the iPad Air! Samsung’s new kid-friendly Galaxy Tab 3 Kids can now be pre-ordered before it goes on sale in U.S. stores on November 10th. The $229.99 tablet’s hardware will be identical to that of the (adult-version) ‘Galaxy Tab 3’ but the colors will be brighter and the software will be geared …

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Laszlo Birinyi: 1,820 may be a new target for S&P 500 in January

There’s a 51 percent chance that the S&P 500 will hit 1,820 by the end of January 2014, according to the legendary investor Laszlo Birinyi  “I think the one thing we’re really missing is animal spirits, and we still haven’t gotten to that phase of the market,” he said, alluding to excessive …

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Facebook Exposes Twitter’s Teen Trouble

Facebook’s (FB) earnings report sent shares on a wild ride last night after the company beat on the top and bottom line but cautioned that use among young teens was flat or possibly negative during the quarter. Potential investors in Twitter’s IPO (TWTR) should be forced to look at the …

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A new entry-level pay of $335,000 in this industry

Hedge fund professionals have seen higher compensation for the third consecutive year, with the average pay for an entry-level analyst at a mid-performing hedge fund totaling $335,000 in 2013, an industry report has found. Portfolio managers at large hedge funds should also be smiling right now, given that average compensation …

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Obama halted NSA spying on IMF and World Bank headquarters

 President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter. The order is the latest move by the White …

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FG Hands Over PHCN To New Owners

The Federal Government of Nigeria has successfully handed over the Eko Distribution Company, Marina, Lagos to its new owners and core investors, West Power and Gas Limited. The ceremony took place in 10 different venues simultaneously across the country where other PHCN facitlities were handed over to core investors and …

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FG distributes cotton bags, seeds in Zamfara

The Nigerian Government has distributed cotton bags and 763.26 metric tonnes of cotton seeds to farmers in Zamfara State through the ginneries, nacotan and cotton agencies in the State. This was made known by the Minister of Agriculture and Rural Development, Akinwumi Adesina at a one – day training on …

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