Italy Seeks Chinese Cash to Buy Bonds
The Italian Finance Ministry has held talks with Chinese officials in an attempt to persuade Beijing to buy “significant” amounts of Italian bonds and invest in strategic companies.
Category: News Desk
Warren Buffett Hires Yet Another Virtual Unknown As His Potential Successor
Warren Buffett’s Berkshire Hathaway Inc. announced yesterday that it had hired 50-year-old Ted Weschler, a hedge fund managing partner from Charlottesville, Virginia, to help oversee the company’s equity portfolio.
The selection of Weschler, a managing partner of Peninsula Capital Advisors, is the most recent move to prepare Berkshire for the day when Buffett, 81, will no longer run the company.
Al Gore Plans 24-Hour “Assault on Climate Sceptics”
Former US Vice President Al Gore will launch a 24-hour media campaign, entitled “24 Hours of Reality”, to address sceptics of climate change and call for action among policy makers and citizens in dealing with the problems of global warming.
Infographic: The Travel Industry Post-9/11
The 9/11 terrorist attacks had a major impact on the airline industry in the United States. In a press call titled “Effects of 9/11 on the Travel Industry; A Ten-Year Perspective,” Roger Dow, president and CEO of the U.S. Travel Association, referred to the past 10 years as a “lost decade.”
“No industry was probably more affected by 9/11 than the travel industry,” he said.
Germany Moves Fast in Nominating New Official at ECB
Germany has nominated its deputy finance minister, Jörg Asmussen, to succeed its former top official at the European Central Bank (ECB) Jürgen Stark, following Mr. Stark’s shock resignation last Friday.
Stark was said to have officially resigned for “personal reasons,” though many experts have cited his staunch opposition to the ECB’s accelerated bond-purchase program as the primary reason for his departure.
Greece Unveils More Budget Cuts and New Property Tax
Amidst heavy protest from its citizens over months of austerity measures, the Greek government has once again announced new budget cuts – including cutting the salaries for all elected politicians – and a one-time property tax in an attempt to raise 2 billion euros by the end of the year.
Qatar’s World Cup Bill: US$220 Billion
Qatar will have to fork out more than US$220 billion to successfully host the 2022 FIFA football World Cup, said a German legal and financial analyst to an investors’ summit held in Munich.
Patent Wars: HTC Strikes Back at Apple with Google Patents
Smartphone titan HTC Corp. launched fresh intellectual-property claims against Apple on Thursday, using five of the nine patents it had received from Google last week as the basis of its lawsuit.
In August this year, the Taiwanese-based company accused Apple of patent infringement as part of an ongoing legal battle, which have seen both parties throwing barbs and counter-sueing each other.
Obama Urges Congress to Pass US$447 Billion American Jobs Act
US President Barack Obama called on Congress to pass a US$447 billion “American Jobs Act” that would see tax cuts for workers and businesses, subsidies for state and local governments, and investments into infrastructural projects.
[quote]”I am sending this Congress a plan that you should pass right away. It’s called the American Jobs Act,” said Obama in his speech late Thursday evening.
Infographic: The Internet – Then vs. Now
Do you still remember what the Internet was like 15 years ago? Advances in technology have changed the way the internet look, feels and runs, in ways previously thought unimaginable.
In the last 15 years, the number of internet users have grown by over 20 times, while average time spent on the web has also increased by nearly 54 times.
Track the changes in the internet over the last 15 years with this infographic:
