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UK Government defends mass interception of online data at tribunal

July 15th, 2014 (0)
Mass interception of online communications by intelligence agencies is necessary – even if only one person is being targeted, lawyers for the UK government have told a tribunal hearing complaints about surveillance. The government’s arguments were disclosed as lawyers ...

Former Ukraine president sues EU over sanctions

July 15th, 2014 (0)
Former Ukraine president Viktor Yanukovych, ousted by pro-Western protests, has filed a suit with EU’s top court against sanctions Brussels has imposed on him and two sons. The European Court of Justice lists the Yanukovych suit along with cases ...

Japan Leads Global Volatility Decline to Seven-Year Low

July 15th, 2014 (0)
Across global stock markets, nowhere is calm descending faster than in Japan. The Nikkei Stock Average Volatility Index, which tracks the cost of options on the Nikkei 225 (NKY) Stock Average, tumbled 33 percent this year to 15.3 yesterday, ...

Bank Earnings Give Stocks a Boost

July 15th, 2014 (0)
A better-than-expected earnings report from Citigroup C +3.02% helped kick-start a rally in stocks, lifting market indexes nearly back to levels seen before last week’s swoon. Many investors remain optimistic about the outlook for stocks broadly, amid improving U.S. ...

Oil halts slide on renewed turmoil in Libya

July 15th, 2014 (0)
The price of oil paused Tuesday after tumbling last week as a deteriorating security situation in Libya raised questions over the restoration of exports following an agreement between the government and a regional militia. Prices fell sharply last week ...

Asian shares higher as earnings lift Wall Street

July 15th, 2014 (0)
Asian stocks markets were mostly higher Tuesday, fortified by Wall Street’s growing optimism over U.S. corporate earnings and hopes for encouraging economic data in China. China, the world’s No. 2 economy, is due to report its second quarter GDP ...

‘Myopic management’ threatens UK’s growth

July 15th, 2014 (0)
The UK is suffering from “myopic management” that threatens its global competitiveness, an independent commission has warned. The country will need 1m new managers by 2020, to replace those retiring and allow for business growth, but 71 per cent ...

Microsoft is expected to cut jobs during this week

July 15th, 2014 (0)
Microsoft Corp. (MSFT:US) is planning its biggest round of job cuts in five years, as the software maker looks to slim down and integrate Nokia Oyj’s handset unit, people with knowledge of the company’s plans said. The reductions — ...

QFC Authority revises rules to offer tax relief

July 15th, 2014 (0)
This move follows amendments to tax rules and regulations, the Authority said Monday in a media statement. The tax updates will help Qatari-owned entities investing in Qatar by allowing them to opt for the zero tax rate on their ...

SANAD issues $10 million loan to AlexBank in Egypt

July 15th, 2014 (0)
The SANAD Fund for MSME (SANAD) signed a $10 million senior loan contract with AlexBank. This loan, SANAD’s first in Egypt, will facilitate investment and working capital loans for up to 150 local businesses and enterprises. Wolfgang Reuss, Chairman ...
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