Why there may be no escaping the cyber war June 6, 2011 The cyber war has begun. Sony has been repeatedly punched in the face by hackers and now President Barack Obama says any more attempts to pry into the emails of his staff will be treated as an act of military aggression. (At this stage it’s probably best to ignore the fact that the US’ track [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 5, 2011 FINANCIAL TIMES PAULSON FUND FALLS 6PC IN MAY Paulson & Co, the world’s third- largest hedge fund, saw the value of its flagship fund drop close to 6 per cent in May, echoing losses across the industry. The loss tops negative returns in the first quarter at the $37bn (£22.5bn) New York-based money manager, famed [...]
Google points finger at China over Gmail hacking June 2, 2011 Suspected Chinese hackers tried to steal the passwords of hundreds of Google email account holders, including those of senior US government officials, Chinese activists and journalists, the Internet company has claimed. The perpetrators appeared to originate from Jinan, the capital of China’s eastern Shandong province, Google said. Jinan is home to one of six technical [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2011 FINANCIAL TIMES FORMER TESCO CHIEF PUTS MONEY INTO NICOTINE A medical devices group developing non-tobacco nicotine delivery systems has won the backing of Sir Terry Leahy in the latest private investment by the former Tesco chief executive since he retired in March. Sir Terry has put an undisclosed sum behind Kind Consumer, a start-up that [...]
Coca-Cola considers a listing in Shanghai June 1, 2011 COCA-COLA, the world’s largest soft-drink company, said yesterday it is holding talks with the Chinese government over a possible listing in Shanghai, joining other global firms in testing the waters for a listing in China. Coca-Cola has said it will commit $2bn (£1.22bn) of investment into China and last October opened three new plants in [...]
Lenovo buys PC firm in Germany June 1, 2011 CHINESE computer maker Lenovo has agreed to buy German electronics retailer Medion for around $900m (£551.5m), boosting its market share in Europe. The acquisition, Lenovo’s biggest since its purchase of IBM’s PC business six years ago, comes four months after Lenovo signed a joint venture deal with NEC Corp to sell laptops in Japan. The [...]
Demographic trends set to lead to boom in healthcare June 1, 2011 INVESTORS have been profiting from a healthcare revolution sweeping the globe, which still has a long way to run. Stephen Barber of Selftrade notes two global demographic changes set to increase demand for healthcare: “The ageing population and the growth of the middle classes in the emerging world, led by China and India.” Across the [...]
Coca-Cola considers Shanghai listing June 1, 2011 Coca-Cola Co, the world’s largest soft-drink company, said it may explore a possible listing in Shanghai, joining other global firms in testing the waters for a China listing, along with its increasing presence there. Coke has said it will commit $2bn (£1bn) in investment into China and last October opened three new plants in Inner [...]
RBS taps into China’s investment market May 30, 2011 The Royal Bank of Scotland Group and its local Chinese partner launched their joint venture Huaying Securities yesterday, hoping to tap a piece of the booming investment banking business in the country. “From today, Huaying is licensed to underwrite and sponsor stocks and bonds issued in mainland China, tapping China’s huge and growing investment banking [...]
Burberry sees profits surge as Asia booms May 26, 2011 BURBERRY is stepping up spending on new stores to cash in on a boom in demand for luxury goods in Asia as it met forecasts with a 39 per cent jump in full-year profit. Profit for the 12 months to the end of March were £296m with revenues up 27 per cent to £1.5bn. The [...]