A futuristic “art” hotel in Poznan replaces room keys with iPhones May 25, 2009 I AM standing in the middle of a dark hallway, pressing an application on an iPhone that is not mine. While I wait it’s saying something in Polish, which I hope is “opening door.” Cha-ching: a bleeping noise and the sound of a lock decoupling. I push into my room. This is not your average [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 21, 2009 FINANCIAL TIMESCORUS CHIEF SCRAMBLES TO RESCUE FACTORY DEALCorus chief Kirby Adamsm who took over at the Anglo-Dutch steelmaker last month, faces both the worst fall in steel demand for 60 years and a battle to salvage an agreement to sell the group’s Teesside plant to Marcegaglia. It has emerged that Marcegaglia is having second thoughts [...]
Investors fear US echoing UK woes May 21, 2009 US stocks slid in a broad sell-off yesterday as investors, concerned about the US fiscal condition, exited dollar denominated assets across the board. Markets came under severe selling pressure as a result of an outlook downgrade for the UK’s triple-A credit rating heightened fears that the United States, with its increasing budget deficit and weakened economy, could [...]
Fed’s pessimism is a blow to US shares May 20, 2009 US stocks fell yesterday, led by financials in a late-stage sell-off, after the Federal Reserve gave a more pessimistic view on the economy, tempering hopes for a quick recovery. The Fed cut its 2009 forecast for gross domestic product and raised its outlook for unemployment, tempering the recent optimism that the economy might be turning [...]
US shares rocked in housing data shock May 19, 2009 THE Dow and S&P 500 slipped yesterday as financial shares sank and on disappointing housing data, but the Nasdaq rose as investors snapped up technology shares ahead of results from Hewlett Packard. After a choppy session, financial shares fell as the US Senate passed a bill to curb sudden credit card interest rate increases and [...]
How to keep yourself young and healthy while soaking up the rays May 18, 2009 IT’S all too tempting to run joyfully to the beach or pool without a minute’s delay upon rocking up at your sun-drenched destination. But the glee of having escaped the damp squib of a British summer can distract you from the very pressing matter of your suncare. Those moments of joy at feeling warmth and [...]
Sony braces the market for further losses May 14, 2009 SONY Corporation forecast a second straight year of losses as the global recession battered demand for consumer electronics. But the Japanese company stopped short of taking any new aggressive steps to cut costs further. Sony, which competes with Samsung Electronics in LCD TVs and Canon in digital cameras, forecast an operating loss of 110 billion yen [...]
Technology shares give Dow a boost May 14, 2009 US STOCKS rose last night as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback. Volume, however, was light, a possible indication of a lack of broad conviction. Technology gains were led by big-cap tech and semiconductor companies after five straight days [...]
Publishers Beware: The bookworm’s iPod has arrived August 14, 2008 As as free publicity goes, you can’t do much better than getting your product compared to the iPod. That’s why Amazon will have been delighted earlier this week, when Citi analyst Michael Mahaney likened its e-book reader, the Kindle, to the world’s favourite gadget. Digital books have been around since the 1990s, but poor technology [...]
Blackberry on the up despite Apple iPhone August 12, 2008 The BlackBerry has cornered 10 per cent of the American mobile phone market for the first time, a research firm said yesterday – despite concerns about its ability to give Apple’s iPhone 3G a run for its money. Strategy Analytics said that BlackBerry maker RIM had increased its share of both the consumer and corporate [...]