Ex-News International chief Rebekah Brooks arrested as part of Met probe March 14, 2012 REBEKAH Brooks was arrested yesterday morning as police swooped on six people suspected of conspiracy to pervert the course of justice. The former News International chief executive was arrested at her Oxfordshire home alongside her husband, racehorse trainer Charlie Brooks, in the latest move from Oper-ation Weeting – the Metropolitan Police Service’s inquiry into the [...]
ARM unveils its new chip designed to save energy and control traffic lights March 14, 2012 TABLET and smartphone chip designer Arm has unveiled a micro-processor that will see hundreds of devices connected to the internet to save time and power. The “world’s most energy-efficient” chip design, dubbed Flycatcher, will be used to control appliances such as white goods, traffic lights and medical devices without sacrificing power consumption or space. The [...]
Intel plans strategic shift toward internet television March 14, 2012 CHIPMAKER Intel is developing an internet-based TV service for consumers in a strategic shift from its traditional business, and has reportedly reached out to media companies in a bid to obtain the rights to shows. The world’s top chipmaker plans to create a “virtual cable operator” that would offer TV channels in a bundle over [...]
FORMER IBM CHIEF EARNED $31.8M LAST YEAR March 14, 2012 Former IBM chief executive Sam Palmisano was paid $31.8m (£20.2m) by the tech company in 2011 – his last year at the helm before being replaced by Ginni Rometty. This is slightly more than the $31.7m, including a $1.8m salary, he made the year before. Picture: REUTERS
Cable: Quotas for boards are inappropriate March 14, 2012 BUSINESS secretary Vince Cable (pictured) yesterday used new data showing an increase in the number of women on UK corporate boards to rail against the idea of mandatory quotas, saying it would be “inappropriate for Europe to impose them”. A report released by the department of business, innovation and skills yesterday coincided with Cranfield School [...]
Ada and Phyllis get started on Crossrail tunnel March 14, 2012 THE 1,000 tonne diggers that will carve out Crossrail’s path across London were unveiled by Mayor of London Boris Johnson yesterday. Ada and Phyllis, the two giant boring machines, are set to start digging at Royal Oak in west London next week, as part of the four-mile first leg of the Crossrail train tunnel network. [...]
SARKO TAKES FIRST ROUND POLL LEAD March 14, 2012 FRENCH President Nicolas Sarkozy overtook socialist challenger Francois Hollande for the first time yesterday in an opinion poll on the first round of France’s April-May election after attacking the European Union’s trade and immigration policies. The conservative incumbent was still shown losing to Hollande in a second-round runoff, but by a narrower margin of nine [...]
Greece set to miss targets March 14, 2012 GREECE will have to slash spending even further in the coming years if it is to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission (EC) report has said. The country needs to cut an additional 5.5 per cent of GDP from government spending in 2013 and 2014, according to [...]
European markets rejoice as Germany’s confidence soars March 14, 2012 EUROPEAN stocks jumped yesterday on hopes that the German economy is picking up speed. The ZEW index of sentiment increased for the fourth consecutive month, rising sharply from 5.4 in February to 22.3 in March – its highest level since June 2010. “Currently, it seems as if the crisis in the Eurozone has taken a [...]
Draghi: Eurozone may fall apart if competitiveness is not boosted March 14, 2012 A GROWING competitiveness gap threatens the stability and even existence of the Eurozone, European Central Bank President Mario Draghi warned yesterday. “Increasingly larger and persistent current account deficits have resulted from significant losses of national competitiveness,” Draghi told a conference in Paris. “These current account imbalances within the euro area should be a source of [...]
