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Business - OpenTV lawsuit accuses Apple of patent infringement

Apple TV, iTunes and the App Store are among the products and services named as violating the interactive software pioneer`s patents.

Wednesday, May 06, 2015  02:32


Top Stories - Sherpas face future with fear

Becky Anderson discusses the future of Sherpas after the earthquake in Nepal with Jamling Tenzing

Wednesday, May 06, 2015  02:32


World - Barclays bank warns forex charge could top £2 billion

Scandal-hit bank Barclays warned Wednesday that fines over its alleged role in foreign exchange market rigging could top £2.0 billion ($3.1 billion, 2.8 billion euros), after posting plunging first-quarter net profits. The British lender revealed it has set aside another £800 million for `investigations and litigation primarily relating to foreign exchange`, taking the group`s total provision to £2.050 billion. Media reports meanwhile suggest that Barclays is close to a settlement with global regulators over the alleged rigging of foreign exchange markets. Barclays -- which was also at the heart of the 2012 Libor interbank interest-rate rigging scandal -- added on Wednesday that it took another provision of £150 million for costs of compensating customers over the mis-selling of payment protection insurance (PPI).

Wednesday, April 29, 2015  12:04


World - `Star Wars VIII` to be filmed in Britain

The eighth episode of `Star Wars` is to be filmed in Britain, the government announced on Monday, perhaps hoping the good news of jobs and investment might offer a pre-election boost. The Conservative party of Prime Minister David Cameron may be hoping the `force` could help them beat centre-left rivals Labour at Thursday`s general election. Finance minister George Osborne made the announcement on the annual May 4 celebration of the George Lucas film franchise, describing it as `great news for the UK as a whole`. He said the filming of `Star Wars Episode VIII` would bring £100 million ($151 million, 136 million euros) in investment and create 3,000 jobs.

Monday, May 04, 2015  23:48


World - Key issues in Britain`s election campaign

Britain votes in a general election on Thursday in which Prime Minister David Cameron could lose power and no one party looks set to win a clear majority. Britain has a budget deficit of some £90 billion (124 billion euros, $130 billion). Cameron`s Conservatives originally vowed to eliminate the deficit by 2015 but now say they have halved it. Ed Miliband`s main opposition Labour party has been more flexible on timing, saying they would eliminate the deficit by the end of the next parliament in 2020.

Sunday, May 03, 2015  05:42


World - Britain`s biggest hard drugs seizure `worth $750 mn`

A cocaine seizure off Britain`s coast last week yielded what is thought to be the country`s biggest-ever haul of hard drugs, potentially worth three-quarters of a billion dollars, authorities said. More than three tonnes of cocaine were found on board a Tanzanian-registered tug boat that was intercepted by the Royal Navy last week and taken to be searched in a Scottish harbour. The National Crime Agency (NCA) said that depending on purity, if cut and sold on British streets the haul would have a potential street value of over £500 million.

Friday, May 01, 2015  04:14


World - Shell posts lower first-quarter net profits

Anglo-Dutch energy giant Royal Dutch Shell, which is buying British rival BG Group, posted falling first-quarter profits Thursday on sliding oil prices. `Our results reflect the strength of our integrated business activities, against a backdrop of lower oil prices,` said chief executive Ben van Beurden. So far this year, Shell has sold non-strategic assets worth more than $2.0 billion as it seeks to combat the impact of tumbling world oil prices. Last month meanwhile, Shell unveiled a mega-takeover of BG Group worth £47 billion, as the two firms consolidate their positions in a sector slammed by the oil price slump.

Thursday, April 30, 2015  12:34


World - RBS bank dives into red in first quarter

Royal Bank of Scotland said Thursday it sank into a first-quarter net loss on vast provisions for restructuring and legacy costs linked to its past conduct. RBS, about 80-percent owned by the government after a 2008 bailout, said losses after taxation stood at £446 million ($688 million, 619 million euros) in the three months to the end of March.

Thursday, April 30, 2015  08:55


World - Abandoned London station-bunker used by Churchill for rent

An abandoned London station believed to have been used by Winston Churchill as a wartime bunker is up for rent, under plans to raise funds by leasing disused corners of the world`s first underground railway. `The combination of space, history and location makes this a unique opportunity,` Graeme Craig, director of commercial development at Transport for London, said in a statement Wednesday. The station, which still has the original glazed red tile facade, played a key role during World War II when it was used as the protected underground headquarters of the Railway Executive Committee. Transport for London is hoping to raise up to £3.4 billion from its extensive property portfolio.

Wednesday, April 29, 2015  14:48


World - Barclays bank says Q1 profits halve, takes new forex charge

London (AFP) - British bank Barclays said on Wednesday that first-quarter net profits halved after taking another £800 million ($1.2 billion, 1.1 billion euros) provision for costs over its alleged role in foreign exchange market rigging.

Wednesday, April 29, 2015  07:49

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