Dubai overtakes Heathrow as world's busiest airport

Dubai International airport recorded passenger traffic of 68.9 million as of 22 December, compared to 67.8 million at Heathrow.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wDS2sX January 01, 2015 at 01:12PM http://ift.tt/eA8V8J

Top London bankers' average pay in 2013 was 50 times UK annual average wage

Top City bankers were paid an average of £1.3m in 2013, according to data compiled by Reuters.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rDubxO January 01, 2015 at 12:08PM http://ift.tt/eA8V8J

Argentina could soon reach settlement with holdouts as key bond clause set to expire

Rights Upon Future Offers clause expires on 31 December.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/argentina-could-soon-reach-settlement-holdouts-key-bond-clause-set-expire-1481437 December 31, 2014 at 05:29PM http://ifttt.com/images/no_image_card.png

China's low rate of growth is not sign of failure, says official mouthpiece

China's economy has entered 'new normal' of slower but higher-quality growth, says Xinhua editorial.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/chinas-low-rate-growth-not-sign-failure-says-official-mouthpiece-1481416 December 31, 2014 at 03:45PM http://ifttt.com/images/no_image_card.png

Bitcoin would help in transition towards cashless society: Raghuram Rajan

Reserve Bank of India chief Raghuram Rajan says digital currency is "fascinating", despite apparent drawbacks.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bitcoin-would-help-transition-towards-cashless-society-raghuram-rajan-1481395 December 31, 2014 at 12:52PM http://ifttt.com/images/no_image_card.png

Oil price slide prompts US baron Harold Hamm to appeal against $1bn divorce settlement

Hamm earlier called the ruling "fair and equitable" and publicly had thanked the judge.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/oil-price-slide-prompts-us-baron-harold-hamm-appeal-against-1bn-divorce-settlement-1481387 December 31, 2014 at 12:06PM http://ifttt.com/images/no_image_card.png

Bric becomes irrelevant as investment concept amid deepening stock price divide

Russian and Brazilian stock indices posted a 4.2% drop in 2014, while that of India and China surged by 40%.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bric-becomes-irrelevant-investment-concept-amid-deepening-stock-price-divide-1481318 December 30, 2014 at 04:26PM http://ifttt.com/images/no_image_card.png

Nationwide: UK house price growth at slowest this year

House price inflation fell to 7.2% in December on an annual basis, down from 8.5% in November, according to Nationwide.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/uk-house-price-growth-slows-further-weak-activity-1481287 December 30, 2014 at 01:36PM http://ifttt.com/images/no_image_card.png

Saudi Arabia sees $38.6bn revenue shortfall in 2015 amid oil price slide

In the budget announced for the next year, spending has been pegged at 860bn riyals and revenue generation at 715bn riyals.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/saudi-arabia-sees-38-6bn-revenue-shortfall-2015-amid-oil-price-slide-1481275 December 30, 2014 at 12:08PM http://ifttt.com/images/no_image_card.png

Londoners increasingly move out of capital to buy homes

Londoners bought 58,000 homes outside London in 2014, representing increase of about 50% from 2013.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/londoners-increasingly-move-out-capital-buy-homes-1480996 December 29, 2014 at 05:31AM http://ifttt.com/images/no_image_card.png

Bank of England begins monitoring internet and social networks for unconventional economic data

Central bank thinks unconventional data from internet could be more timely than official figures.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/bank-england-begins-monitoring-internet-social-networks-unconventional-economic-data-1481035 December 27, 2014 at 01:51PM http://ift.tt/eA8V8J

Xbox Live back online after hacking attack, but Sony Playstation Network still down

Hackers named Lizard Squad say they have stopped cyber attacks at online gaming platforms.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/xbox-live-back-online-after-hacking-attack-sony-playstation-network-still-down-1481021 December 27, 2014 at 11:47AM http://ift.tt/eA8V8J

Sony's 'The Interview' makes $1m on Christmas Day

Film on fictional CIA plot to assassinate North Korean leader Kim Jong-Un doing well at box office.



via IBTimes.co.uk : Articles by Jerin Mathew http://www.ibtimes.co.uk/sonys-interview-makes-1m-christmas-day-1481017 December 27, 2014 at 10:39AM http://ift.tt/eA8V8J

CEBR Top 10 Economies in 2014: UK overtakes France as number 5

Britain overtook France in 2014 after taking into account £10bn additional earnings from drugs and sex.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rn4vFx December 26, 2014 at 01:30PM http://ift.tt/eA8V8J

UK house prices up more than £15,000 in 2014

House prices at London rose by more than 15% or £81,619 over the past year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wpMylj December 26, 2014 at 12:44PM http://ift.tt/eA8V8J

Qualcomm could get fines exceeding $1bn as China looks to settle antitrust probe

China's National Development and Reform Commission says case will be settled soon according to law.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bb1ica December 26, 2014 at 11:52AM http://ift.tt/eA8V8J

Hong Kong property tycoon Thomas Kwok jailed for five years, former top civil servant gets 7.5 years

They were earlier found guilty in Hong Kong's biggest graft trial in history.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zZ7GVY December 23, 2014 at 02:06PM http://ift.tt/eA8V8J

Alstom agrees record $772m settlement with US authorities over Foreign Corrupt Practices Act violations

Fine is largest ever imposed on a company for violations of Foreign Corrupt Practices Act, surpassing $450m paid by Siemens.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1t5aCj4 December 23, 2014 at 12:51PM http://ift.tt/eA8V8J

Madoff ponzi scheme: Payout to victims to total more than $7bn

Trustee responsible for liquidating Bernard Madoff's firm is seeking permission to start the fifth interim distribution of payments.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1xGKlIS December 23, 2014 at 12:23PM http://ift.tt/eA8V8J

India set to overtake US as second-largest smartphone market in 2016

China will top 500 million smartphone users for the first time by end-2014.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GNOs7o December 22, 2014 at 04:52PM http://ift.tt/eA8V8J

South Korea cuts economic growth forecast on weak consumer and business sentiment

The Ministry of Strategy and Finance said that the country's economy would grow by 3.4% in 2014, lower than 3.7% expected earlier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GN0eyN December 22, 2014 at 01:23PM http://ift.tt/eA8V8J

Opec's 50-year dominance over global oil market is over, says former cartel head

Opec has controlled the global oil market and has set oil prices for almost half a century until now.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AWvcAM December 22, 2014 at 12:45PM http://ift.tt/eA8V8J

Bitcoin pioneer Charlie Shrem gets 2-year prison sentence in Silk Road case

Shrem pleaded guilty to aiding Silk Road by selling $1m worth of bitcoin.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wNDMTh December 20, 2014 at 03:42PM http://ift.tt/eA8V8J

Sony 'actively surveying alternatives' to release The Interview on another platform

Sony defends its decision to cancel theatrical release after Barack Obama's criticism.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Aoz53q December 20, 2014 at 02:12PM http://ift.tt/eA8V8J

China's Dalian Wanda close to ink about €1bn deal to buy media rights distributor Infront Media

Dalian Wanda is front-runner in auction to buy Infront Media.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HdTvfF December 20, 2014 at 01:04PM http://ift.tt/eA8V8J

Staples data breach might have exposed 1.16 million payment cards

US chain store says malware might have let hackers access cardholder names and payment card numbers..



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wwNoBX December 20, 2014 at 11:53AM http://ift.tt/eA8V8J

Lesbian employees earn 8% more than straights in UK, while gay men get 5% less

Report commissioned by World Bank found that sexual orientation seemingly affects job access, satisfaction, earning prospects and interaction.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1z2SO4z December 19, 2014 at 05:15PM http://ift.tt/eA8V8J

Australian MP Clive Palmer's media adviser arrested for alleged kidnap of bank executive

Clive Palmer's media adviser Andrew Crook arrested and released on bail.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wSEb5I December 19, 2014 at 04:32PM http://ift.tt/eA8V8J

Former Hong Kong civil servant Rafael Hui and property tycoon Thomas Kwok found guilty in graft case

Hui found guilty of three counts of misconduct in public office and two counts of conspiracy, while Kwok found guilty of one count of conspiracy.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zbo6LM December 19, 2014 at 03:06PM http://ift.tt/eA8V8J

American Apparel gets takeover offer from Irving Place Capital

Irving Place is valuing American Apparel between $1.30 and $1.40 per share.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/13jrxlx December 19, 2014 at 02:24PM http://ift.tt/eA8V8J

Google's plan to embed Android in cars may not get consumers' and automakers' support

Consumers with privacy and advertisement concerns not considered likely to favour Google's technology.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wJW6MU December 19, 2014 at 12:43PM http://ift.tt/eA8V8J

Furniture retailer IKEA opens first store in South Korea

The 131,550 square-metre outlet in Gwangmyeong is the Swedish company's largest at present.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w1LVyf December 18, 2014 at 03:28PM http://ift.tt/eA8V8J

Swiss central bank introduces negative deposit rates to curb appreciation in franc

The Swiss National Bank introduced negative deposit rates of 0.25% on commercial bank deposits.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1At32gN December 18, 2014 at 02:26PM http://ift.tt/eA8V8J

Antibiotic resistance to cost up to $100tn for world economy by 2050

Problem could lead to 300 million premature deaths and reduction of 2% to 3.5% in global GDP by 2050, according to government review.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GT4L0Q December 18, 2014 at 12:40PM http://ift.tt/eA8V8J

Chevron halts big Arctic offshore drilling project 'indefinitely' due to oil price slide

Drilling project in EL 481 block is so far largest to put on hold after oil prices dropped by more than 40% since June.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GSUou0 December 18, 2014 at 11:44AM http://ift.tt/eA8V8J

Nokia is still second-largest mobile phone company in terms of unit sales

Nokia has been acquired by Microsoft and the brand is being phased out.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1J1LluA December 17, 2014 at 04:49PM http://ift.tt/eA8V8J

GE's oil and gas unit to suffer from oil price slide

Oil firms are set to reduce capital expenditure due to slide in oil prices.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AnjlM6 December 17, 2014 at 03:59PM http://ift.tt/eA8V8J

Wang Jianlin overtakes Mukesh Ambani as third richest Asian

Wang Jianlin's fortune surged 63% to $24.8bn, while Ambani's net worth declined by 2.4% to $20.4bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zuXXVM December 17, 2014 at 01:32PM http://ift.tt/eA8V8J

Pimco's emerging markets fund sheds 7.9% value as Russian crisis spreads across globe

Russian corporate and sovereign bonds make up 21% of Pimco's $3.3bn Emerging Markets Bond Fund



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1z24Obo December 17, 2014 at 12:08PM http://ift.tt/eA8V8J

France is not enthusiastic about Christmas: YouGov poll

A YouGov poll finds 57% of people in France are not looking forward to Christmas.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yY1ZYX December 16, 2014 at 05:06PM http://ift.tt/eA8V8J

RBS to sell Irish real estate loans for £1.1bn to boost capital position following stress tests

Bank will sell Irish real estate loans to entity controlled by US private equity group Cerberus.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1svL34G December 16, 2014 at 02:24PM http://ift.tt/eA8V8J

Singapore's Olam International to buy Archer Daniels Midland's global cocoa business for $1.3bn

Deal will establish Olam Cocoa as one of the world's top three cocoa processors focused on supply of cocoa liquor, powder, and butter.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zqKGNT December 16, 2014 at 12:49PM http://ift.tt/eA8V8J

Kering explored options to sell sportswear maker Puma

Kering currently owns about 86% stake in Puma.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yX9dN0 December 16, 2014 at 12:01PM http://ift.tt/eA8V8J

Canadian start-up allows credit card bill payment using bitcoins

YesToBitcoins allows payment of American Express, MasterCard and VISA credit cards via bitcoins.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1znnHn4 December 15, 2014 at 03:14PM http://ift.tt/eA8V8J

France to ban Uber services from 1 January, 2015

French interior ministry cited insufficient insurance for Uber drivers among other reasons for the ban.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12SKzz4 December 15, 2014 at 02:34PM http://ift.tt/eA8V8J

China opposes $1.1bn US spending bill that discriminates against its companies

China says spending bill has clauses that discriminate against Chinese companies, violate principles of fair trade and send wrong signal.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12S9Idm December 15, 2014 at 12:32PM http://ift.tt/eA8V8J

Japan manufacturing sentiment deteriorates further

Sentiment among big manufacturers in Japan slipped by one point to +12.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1BGTEam December 15, 2014 at 11:56AM http://ift.tt/eA8V8J

Sony Pictures hack: Company fears further cyberattacks after The Interview release

Company's representatives have advised US authorities on the possibility of further hacking attacks, Re/code reports.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12GpdVx December 13, 2014 at 03:54PM http://ift.tt/eA8V8J

Bitcoin: Stateless man Glen Roberts uses digital currency for almost all daily expenses

Glen Roberts said bitcoin can make lives of stateless people easier.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w28kjX December 13, 2014 at 03:19PM http://ift.tt/eA8V8J

Millions of Britons to get fee-free basic accounts under Treasury's 'landmark deal' with lenders

Participating lenders include Barclays, RBS, HSBC, Lloyds, Santander UK and TSB.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qHAL6b December 13, 2014 at 12:56PM http://ift.tt/eA8V8J

China's Baidu plans up to $600m investment in Uber to rival Tencent and Alibaba

Alibaba and Tencent have invested in local taxi-hailing apps Kuaidi Dache and Didi Dache, respectively.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yHsYbc December 12, 2014 at 04:57PM http://ift.tt/eA8V8J

Google to pull out engineering operations from Russia due to legal hurdles

Company's move comes after Russia adopted new rules requiring more data to be stored in the country.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1utjOaP December 12, 2014 at 01:37PM http://ift.tt/eA8V8J

US passes $1.1tn spending bill to avert shutdown until September 2015

House passes $1.1tn budget with 219 representatives voting in favour and 206 voting against it.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yGviPH December 12, 2014 at 12:36PM http://ift.tt/eA8V8J

Jack Ma replaces Li Ka-shing as Asia's richest person

Ma currently has a net worth of $28.6bn, more than Li's $28.3bn, according to Bloomberg Billionaires Index.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zdYE5G December 12, 2014 at 11:57AM http://ift.tt/eA8V8J

Russia to supply 12 nuclear reactors to India as countries cherish friendship of 'unmatched mutual confidence'

Both countries have signed a total of 16 agreements as President Putin visits the Indian capital for a one-day summit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zamJug December 11, 2014 at 04:46PM http://ift.tt/eA8V8J

Bank of America: US shale industry to suffer if oil prices decline to $50 per barrel

At least 15% of US shale producers are losing money at current prices, and more than half will be under water if US crude falls below $55, says BoA.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wBmZoj December 11, 2014 at 02:08PM http://ift.tt/eA8V8J

eBay may cut 3,000 jobs ahead of PayPal spin-off

Affected division includes eBay.com and StubHub amid stiff, is competition from Amazon and Alibaba.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1GmXEOb December 11, 2014 at 12:37PM http://ift.tt/eA8V8J

FX fixing: New York regulators to probe Barclays and Deutsche Bank's use of algorithms to rig rates

New York regulators are probing the banks' use of algorithms on their trading platforms to manipulate foreign-exchange rates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12x5OXa December 11, 2014 at 11:39AM http://ift.tt/eA8V8J

UK tax avoidance: New tax rule to target double Irish strategy used by Google

Proposed 'Google Tax' in UK will target inter-company fees, which have been frequently used by multinational companies in their tax strategies.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/136tAtV December 10, 2014 at 04:51PM http://ift.tt/eA8V8J

Sony Pictures hack: Pirate Bay, EZTV and more torrent sites offline after copyright police raid

Swedish police seized servers, computers and other equipment in raid on one of the The Pirate Bay's hosting locations



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Giq2kp December 10, 2014 at 02:52PM http://ift.tt/eA8V8J

Two more ex-Madoff employees get prison terms in connection with $17bn ponzi scheme

Bernard Madoff's longtime assistant, Annette Bongiorno, and his former computer programmer, Jerome O'Hara, received six year 2.5 years in jail, respectively.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1shCwlY December 10, 2014 at 01:05PM http://ift.tt/eA8V8J

Cost of Sony Pictures hacking estimated to be less than that of 2011 Playstation Network attack

Experts put the cost of the recent attack at $100m, while the estimated cost of the Playstation hacking in 2011 was $171m.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1D7R15Q December 10, 2014 at 12:08PM http://ift.tt/eA8V8J

Thailand orders Uber to stop services after finding operations illegal

Uber has been banned from operating in the Indian capital of New Delhi.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yLabdH December 09, 2014 at 04:30PM http://ift.tt/eA8V8J

Merck to acquire antibiotic resistance specialist Cubist Pharmaceuticals for $9.5bn

Cubist specialises on developing medicines against antibiotic-resistant bacteria, generally known as super bugs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/12lFsr4 December 09, 2014 at 01:47PM http://ift.tt/eA8V8J

Uber faces lawsuit in US city of Portland after New Delhi ban

Uber started services in Portland on 5 December without consent from local authorities, city accuses.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1AYRjaz December 09, 2014 at 12:22PM http://ift.tt/eA8V8J

Sony hackers demand screening of 'The Interview' be stopped

Group calling itself GOP wants movie on North Korean leader, Kin Jong-Un, to be taken off.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1G8LdHp December 09, 2014 at 11:31AM http://ift.tt/eA8V8J

Spy Anna Chapman ordered to seduce fugitive Edward Snowden to lock him in Russia

Snowden defended the attempt as he became ­concerned about the possible consequences, former KGB agency Boris Karpichkov revealed.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w4Peth December 08, 2014 at 03:50PM http://ift.tt/eA8V8J

Founders of India's Infosys seek to raise $1.1bn from share sale

Founders who are selling shares are Narayana Murthy, Nandan Nilekani, S.D. Shibulal and K. Dinesh.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yZgSHZ December 08, 2014 at 01:53PM http://ift.tt/eA8V8J

China's trade surplus rises to record level casting shadow over growth prospects

China registers another record monthly trade surplus of $54.5bn for November, up from $45.4bn in October.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1uayBXK December 08, 2014 at 12:27PM http://ift.tt/eA8V8J

US gasoline prices fall to four-year low on increased supply and strengthening dollar

Average price of a gallon of gasoline in the US has dropped one dollar since early May, according to the latest Lundberg survey.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1qhlfNY December 08, 2014 at 11:40AM http://ift.tt/eA8V8J

BP set to cut hundreds of UK and US jobs as spill costs and oil price plunge hurt profitability

Headcounts will come down across all upstream and downstream activities and corporate centres.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1saUshU December 08, 2014 at 11:13AM http://ift.tt/eA8V8J

Graduates form more than half of London's workforce

About 53% of London's workforce are college graduates.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1w00sPR December 06, 2014 at 04:20PM http://ift.tt/eA8V8J

UN set to create framework for global bankruptcy process in wake of Argentina debt crisis

Many EU nations, US, Australia and Japan vote against move saying talks must be held at IMF or Paris Club.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yzPlxK December 06, 2014 at 03:45PM http://ift.tt/eA8V8J

Sony Pictures employees get hackers' threat: 'Your family will be in danger'

Some Sony employees receive emails threatening them and their families.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Id1htN December 06, 2014 at 01:03PM http://ift.tt/eA8V8J

Canary Wharf's owner Songbird Estates rejects £2.6bn sweetened takeover offer

Offer from Qatar Investment Authority and Brookfield does not reflect full value of company, says Songbird.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vV81qP December 05, 2014 at 03:11PM http://ift.tt/eA8V8J

Bill Gross: Central banks' QE may not help solve debt crisis

Janus Capital portfolio manager says central banks in US, Europe and Japan creating more and more debt.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vT6U9Z December 05, 2014 at 02:53PM http://ift.tt/eA8V8J

Vatican discovers hundreds of millions of euros off balance sheet

Vatican's economy minister Cardinal George Pell says financial reforms taking place at Holy See.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zsF2dm December 05, 2014 at 01:05PM http://ift.tt/eA8V8J

Hacking at Sony has similarities with earlier attacks in Middle East and South Korea

Kaspersky Lab said three hacking campaigns might have been conducted or organised by the same group.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wChiWo December 05, 2014 at 11:49AM http://ift.tt/eA8V8J

India: Falling oil prices unlikely to boost economy significantly

A $40bn windfall from oil price decline is likely to be saved rather than spent in bid to bridge fiscal deficit.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1wwJdXT December 04, 2014 at 03:46PM http://ift.tt/eA8V8J

EU companies to suffer €2.5bn losses from South Stream project cancellation

Italy-based ENI's subsidiary Saipem will suffer biggest loss at €2bn.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yTwHAQ December 04, 2014 at 02:09PM http://ift.tt/eA8V8J

GlaxoSmithKline to lay off hundreds of US workers as part of £1bn cost-cutting drive

Company's Research Triangle Park site in North Carolina would be most affected with about 900 redundant jobs.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1vOHyew December 04, 2014 at 12:11PM http://ift.tt/eA8V8J

Softbank invests $250m in Southeast Asia-focused taxi-booking service GrabTaxi

Softbank has become the largest investor in mobile app.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1FQQmDM December 04, 2014 at 11:28AM http://ift.tt/eA8V8J

Iran revealed as source of sophisticated hackers who attacked over 50 critical organisations

Iran-based hackers infiltrated into servers of more than 50 businesses, facilities, and organisations worldwide, says cyber security company Cylance.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1Bcx2ky December 03, 2014 at 02:47PM http://ift.tt/eA8V8J

Target fails to block bank's lawsuit seeking reimbursement in connection with data breach

Judge Paul Magnuson said Target played "key role" in allowing hackers to infiltrate its computer systems.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1yh4jVD December 03, 2014 at 01:37PM http://ift.tt/eA8V8J

IBM inks $1.25bn cloud computing deal with WPP

Company also signed multi-year services agreement with Thomson Reuters to provide IT services to employees globally.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1HYdX7y December 03, 2014 at 01:02PM http://ift.tt/eA8V8J

Outflows from Pimco Total Return Fund dramatically slow down

Fund suffered massive outflows in recent months following renowned investor Bill Gross' exit from Pimco.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1ygwnID December 03, 2014 at 11:50AM http://ift.tt/eA8V8J

China to monitor foreign companies' profit levels to crack down on tax avoidance: Xinhua

China will coordinate with other countries to clamp down on BEPS plotting and cross-border tax avoidance, according to tax officials.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pM3RRj December 02, 2014 at 03:38PM http://ift.tt/eA8V8J

How to stay safe from telephone scams or vishing

Financial services industry group FFA UK guides customers on how to be secure from telephone scams.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y9n5yc December 02, 2014 at 01:56PM http://ift.tt/eA8V8J

UK fraudsters' gains from phone scams rise threefold to £23.9m

Financial Fraud Action UK survey finds 17% jump in 'vishing' in just one year.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tyiVyf December 02, 2014 at 01:23PM http://ift.tt/eA8V8J

Flaws in battery design and certification led to fire at JAL-operated Boeing 787, US concludes

On 7 January 2013, JAL-operated 787 Dreamliner caught fire at Boston's Logan International Airport due to battery issues.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1tGJb8F December 02, 2014 at 12:37PM http://ift.tt/eA8V8J

Sony hacking aftermath: FBI warns companies of deadly malware

FBI says malware can overwrite all data on hard drives and prevent systems from booting up.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1zbZgHY December 02, 2014 at 11:52AM http://ift.tt/eA8V8J

Moody's cuts Japan's credit rating on doubts about fiscal targets and debt reduction

Moody's has cut rating by one notch to A1 from Aa3.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1rMZtx7 December 01, 2014 at 05:32PM http://ift.tt/eA8V8J

Over 150,000 passengers affected as strike-hit Lufthansa cancels 48% of scheduled services

Lufthansa cancelled 1,350 flights in short-haul, continental and intercontinental categories.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1y2NopB December 01, 2014 at 03:23PM http://ift.tt/eA8V8J

Five Sony movies including Brad Pitt-starrer 'Fury' being shared online after hacking attack

Fury has been a hit on file sharing sites, with more than 880,000 downloads.



via IBTimes.co.uk : Articles by Jerin Mathew http://ift.tt/1pFdott December 01, 2014 at 01:34PM http://ift.tt/eA8V8J