India’s central bank authorities sought to calm down the markets on Monday, assuring them that the economy would remain resilient to the ongoing global economic turmoil brought about by the downgrade of the credit rating of the US. According to the Reserve Bank of India (RBI), while the market behavior was not insulated from [...]
Stock markets in the Middle East suffered massive losses over the weekend despite sources close to ratings agency Standard & Poor’s assured that the downgrade of the US credit rating would have minimal impact on the global markets. The Dubai Financial Market (DFM) General Index took a nosedive on Sunday by falling by more [...]
Record sharp declines plagued the stock markets in Asia and Europe after US stocks took a nosedive on Thursday in what is considered to be its worst day since the 2008 financial crisis. Hong Kong’s Hang Seng and Australia’s All Ordinaries were the worst hit, dropping by more than four percent. Japan’s Nikkei fell [...]
Members of the Philippine Azkals football team have taken a “no comment” stance towards rape allegations made by model Amanda Coling. Anton del Rosario, Neil Etheridge and Simon Greatwich told reporters during separate interviews that they have “no comment” on the said rape allegations and viewed the allegations to be nonsense. “I have [...]
Apple Inc. announced that it had fixed a security flaw in their iOS operating system that runs the iPhone, iPad and iPod Touch music player. The security flaw came into light after websites like JailBreakMe.com released a code that Apple customers can use to modify their operating system. The process, called “jail breaking” made [...]
US President Barack Obama is scheduled to decide on Saturday if he will summon lawmakers for another round of talks on the current government debt deficit issue. The new round of debt and deficit talks will be set to weigh the chances of progress for the Congress to raise the $14.3 trillion borrowing limit [...]
Sources close to the confirm that TSMC has begun a trial manufacturing of next generation computer chips that Apple intends to use in its mobile devices. Analysts view the shift of computer chip manufacturers as a move of Apple Inc. to broaden its list of suppliers and diversify away from Korean company Samsung, who has [...]
Richard “Chip” Lutton, Jr.–chief patent counsel for Apple Inc.–will be leaving the company effective next month, according to sources close to the company. Lutton’s reasons for leaving the company remains unclear. He and Apple Inc. declined to comment on inquiries pertaining to this. However, it is speculated that his decision to leave the company [...]
A federal judge denied Apple’s request for an injunction in its ‘App Store’ trademark case against online company Amazon.com on Wednesday. Apple, Inc. filed a lawsuit against Amazon in March for its use of the term ‘App Store’ in their website. According to the complaint filed by Apple, it has been using the term [...]