Japanese video game developer SEGA Corporation has created a brand new video game console called the “Toylet”, which it hopes to install in urinals all across the nation, whereby the strength and accuracy of a men’s pee are used to control the game, claimed a report by Reuters on Thursday.
In a move that highlights the growing shift in international financial lending, Reliance Communications Ltd, owned by Indian billionaire Anil Ambani, will borrow $1.2 billion from three Chinese state-run banks this week, in order to refinance its outstanding foreign-currency convertible bonds that are due to be paid by the beginning of March.
The Iranian Morality Police has been cracking down on the sale of Mattel Inc’s iconic Barbie dolls in toyshops all across the country, says a report by Reuters on Monday, as the nation engages in a “soft war” against decadent Western cultural influences.
“About three weeks ago they (the morality police) came to our shop, asking us to remove all the Barbies,” said a toyshop-keeper in northern Tehran.
International news agency The Associated Press (AP) has formally launched the first and only fully staffed Western-owned news bureau in North Korea, with the aim to cover news in what is perhaps the most secretive and isolated country in the world.
Popular online knowledge website Wikipedia will link up with numerous other high profile websites on Wednesday – including Reddit and Cheezburger network– in a 24 hour blackout of their services, as a protest against the controversial anti-piracy legislation currently under consideration in the US Congress.
21 social networking companies – including Facebook, Google, Microsoft and Yahoo – are set to face legal charges in India for carrying “offensive and objectionable” material on their websites, reported Bloomberg BusinessWeek on Saturday, after prosecutors deemed the companies responsible for “promoting enmity between classes and causing prejudice to national integration.”
For months, rumours have been swirling over Facebook’s imminent initial public offering, with many analysts attempting to figure how exactly when it would be on offer, as well as the prospective value of the IPO.
According to sources, the European Commission, regulators of the European Union, have preliminarily rejected the proposed merger between the NYSE Euronext and Deutsche Boerse over the combined monopoly fears of the two derivative markets.
Spokespersons from both the Deutsche Boerse and the NYSE Euronext have reported in separate statements that they have not received any notice from the EU regulators, while a spokeswoman for the European Commission’s anti-trust department declined comment.
French President Nicolas Sarkozy is alone in his push for a Tobin tax, or a tax on financial transactions, but he believes that his country will lead the EU forward – much to the ire of his English counterpart.
Olympus Corp has filed 19 lawsuits against current and former members of its board, including current president Shuichi Takayama and former CEO Tsuyoshi Kikukawa, in an attempt to make up for more than 86 billion yen ($1.1 billion) in damages caused by one of Japan’s worst accounting scandals in its history.
