London Sports Festival moves from 3×3 basketball success to pickleball at the City of London Corporation’s Guildhall Yard
So much for the election. Now America must regain its mojo November 6, 2012 AS ever, the actual voting was the easy bit. The truly epic task comes next: trying to mend the US economy. Contemporary America is a strange place: in some ways, it remains astonishingly successful; in others, remarkably weak. More than ever, the giant has feet of clay, a tragedy for those of us who love [...]
Brit chip giants Imagination and ARM buy American rival November 6, 2012 BRITAIN’S two biggest chip designers, ARM Holdings and Imagination Technologies, yesterday spent $410m (£256.5m) carving up US challenger MIPS. ARM is leading a consortium spending the lion’s share of the money – $350m – on buying a warchest of 580 patents from the Silicon Valley company. The remaining $60m has been spent by Imagination on [...]
Osborne pledges joint action over corporate tax avoidance November 5, 2012 GEORGE Osborne vowed to clamp down on corporate tax avoidance yesterday, calling for “concerted international co-operation to strengthen international standards for corporate tax regimes”. The chancellor’s statement, delivered in tandem with German finance minister Wolfgang Schäuble at a G20 meeting in Mexico yesterday, came as officials from HM Revenue & Customs (HMRC) were grilled by [...]
iPad mini sales break records as Apple’s competition heightens November 5, 2012 APPLE sold 3m iPads in the first three days that the new iPad mini and fourth-generation model went on sale, the technology giant revealed yesterday. This figure was double the sales of the previous iPad launch in March, and chief executive Tim Cook said the company was already “practically sold out of iPad minis”. “We’re [...]
Shares in Foxconn arm leap 35 per cent on iPhone speculation November 5, 2012 SHARES in the world’s biggest manufacturer of mobile phones, Foxconn International Holdings (FIH), rose as much as 35 per cent yesterday on speculation that it would win a contract to make Apple’s iPhone 5 from its affiliate Hon Hai. FIH and Hon Hai are both listed units of Foxconn Technology Group, the Taiwanese industrial giant [...]
US shares rise in light trade as vote looms November 5, 2012 US stocks advanced modestly yesterday in light trading in one of the year’s quietest sessions on the day before the US presidential election. Whatever the outcome of the race between incumbent President Barack Obama and Republican challenger Mitt Romney, the election’s resolution will finally end the uncertainty that has kept the market stagnant for the [...]
Apple paid less than 2pc tax on overseas profit November 4, 2012 APPLE paid less than two per cent tax on profits outside the US, its regulatory filings have shown. The technology giant paid $713m (£445m) in overseas corporation tax in the year to 29 September – as its foreign pre-tax earnings rose to $36.8bn (£23bn) from $24bn in 2011. The percentage of foreign tax Apple paid [...]
What the other papers say this Morning November 1, 2012 FINANCIAL TIMES Israel veto ends PotashCorp merger Israel says it will block Potash Corporation of Saskatchewan’s attempt to buy rival fertiliser Israel Chemicals, derailing a $15bn (£9.3bn) deal to create the world’s largest potash producer. The veto is the latest example of growing resource nationalism, in which governments block foreign attempts to buy mining, oil, [...]
Apple slapped by UK judge on statement over Samsung case November 1, 2012 APPLE was yesterday reprimanded by a British judge for posting an inaccurate statement on its website associated with a UK Court of Appeal ruling that concluded arch-rival Samsung’s tablet device did not copy the iPad. After Apple lost an appeal last month against an earlier High Court ruling that Samsung had not copied the iPad’s [...]
RIM shares up on new handsets November 1, 2012 Shares in BlackBerry maker Research in Motion (RIM) leapt as much as 10 per cent yesterday as it confirmed it was testing the next generation of handsets with operators, a big step towards the launch of BlackBerry 10, its soon-to-be-released smartphone software which has been repeatedly delayed. RIM has seen its market share significantly squeezed [...]