Nokia to axe 3,500 jobs as cost cuts bite September 29, 2011 EMBATTLED phonemaker Nokia yesterday announced it will slash 3,500 more jobs, including the closure of a major factory in Romania. The cuts are on top of at least 4,000 job losses announced earlier this year. Chief executive Stephen Elop is desperately trying to spin the wheel of the Titanic in the face of falling profits and [...]
Wall Street closes up after rocky day September 29, 2011 US stocks mostly rose in a volatile session yesterday as stronger-than-expected economic data and German approval of a beefed-up Eurozone crisis fund relieved two of the worst fears hanging over the market. But the Nasdaq was knocked lower by a brutal sell-off in US-listed Chinese stocks on news of a probe into accounting practices and [...]
Amazon unveils its iPad killer September 28, 2011 AMAZON yesterday seized the initiative in the tablet wars, unveiling a new device that will sell for just half the price of an iPad 2. The world’s biggest online retailer hopes the Kindle Fire, priced at just $199 (£127), will build on the success of its range of e-readers. The launch is the first serious [...]
Life in your hands: smartphone apps September 28, 2011 RIGHT, you’ve got the latest kit, the iPhone 4, iPad 2, BlackBerry Bold Touch perhaps, but your smartphone’s home screen is looking ever-so bare. Remedying this involves a trawl through app stores and user reviews without even knowing what you’re looking for. Fear not. We look beyond the social necessities of Facebook and Foursquare, and [...]
iPhone 5 expected next week September 27, 2011 Apple is expected to unveil its much-awaited new iPhone next week, with analysts speculating it could sell as many as 26m units in its first three quarters on sale. The secretive firm announced it will hold an event at its headquarters in Cupertino next Tuesday. Its shares rebounded yesterday after taking heavy losses in the [...]
Tax rules mean UK lacks headline acts September 26, 2011 WHEN David Cameron launched the Tech City initiative last November, he said he wanted the UK to rival Silicon Valley as a global hub of innovation. A year later and that goal seems as far away as ever. Far from competing with Silicon Valley, Tech City is struggling to keep pace with Ireland and other UK [...]
Plans for Greece lift US sentiment September 26, 2011 US stocks rose yesterday as sentiment swung toward hope European officials would find a way to cut Greece’s debt and shore up European banks. Shares rallied to session highs in the afternoon after a report said a plan to leverage money from the European Financial Stability Facility was in the works. Investors were reluctant to [...]
The lightest dinner out in town September 26, 2011 Galoupet 13 Beauchamp Place, SW3 1NQ 0207 036 3600; www.galoupet.co.uk FOOD *** SERVICE **** ATMOSPHERE *** Cost per person without wine: £40 THERE is so much that is pleasing about Galoupet. It looks like the kind of place you’d find in one of those super-cool northern European cities like Malmo or Arrhus, frequented by thin-legged [...]
WHAT THE OTHER PAPERS SAY THIS MORNING September 25, 2011 FINANCIAL TIMES US TAX AUTHORITIES TARGET BANK DEALS US tax authorities are targeting cross-border finance deals worth billions of dollars between leading US and UK banks as they step up efforts to clamp down on abusive tax avoidance, a joint investigation by the Financial Times and ProPublica has found. Four US banks – BB&T, Bank [...]
The robotic killers that could take over Blue Peter September 25, 2011 Animals aren’t high-tech enough. They don’t have screens. You can’t easily upgrade them. Last night I spent six hours trying to control a fox with my iPhone, with limited success. Don’t take my word for it – ask the makers of Blue Peter. They have decided not to relocate the show’s famous menagerie in the [...]