Category: News Desk

Infographic: Twitter Five Years On – 200 Million Users, 350 Million Tweets Per Day


The dawn of the popular social media platform Twitter heralded a new age for the digital media industry. Alongside other popular social media networks like Facebook and LinkedIn, Twitter became a part of the daily life for many individuals across the globe. The ubiquitous presence of social media has also ensured massive growth for the companies.

Here’s a look at how Twitter has progressed in the last five years:

Cut the Cable: US Pay TV Industry Faces Record Number of Cancellations


American consumers are cancelling or forgoing their cable and satellite TV subscriptions in record numbers, as fears continue to mount over the nation’s economic situation.

In a study conducted by the Associated Press, eight of the nine largest subscription-TV providers in the US lost 195,700 subscribers during the April-to-June quarter of 2011.

France’s Credit Rating Under Scrutiny, Debt Targets to be Reassessed


French President Nicolas Sarkozy has said his government will explore new measures to reduce the size of France’s public deficit amid concerns it could face a debt downgrade. The move came as shares in France’s banks tumbled amid concerns over stability in the continuing market turmoil.

Tech Giants Team Up to Create Universal 3-D Glasses


According to a recent report by NPD Group cited by PCWorld, one of the primary reasons why consumers have shown little interest in purchasing 3-D televisions so far has been due to the need to purchase expensive brand-specific glasses that would only work on a particular set or model.

RIM Hacked, BlackBerry Messenger Under Fire for Role in UK Riots


Research in Motion’s Inside BlackBerry blog was hacked Tuesday after the Canadian smartphone maker suggested it would cooperate with London police to help identify rioters who may have used a BlackBerry messenging service to plan mayhem.

A hacking group calling itself TeaMp0isoN took credit for the attack, which involved posting a statement on the BlackBerry blog before RIM removed it.

FDI into India For June Rises by 310 Percent From Same Month Last Year


Foreign Direct Investment equity inflow into India in June this year rose by more than 310 percent from the same month last year, according to data released by the Indian Ministry of Industry Commerce on Monday.

The FDI recorded for June this year reached US$5.656 billion, compared to US$1.380 billion in the same month last year – and was the second highest monthly inflow ever recorded by the Indian economy in the last 11 years.

Infographic: Educational Background of Republican Presidential Candidates – Will it Matter?


Do Americans care about the educational levels of their presidential candidates?

Four out of the five last presidential elections went to the candidate with the higher educational background.

So which Republican will run against Barack Obama next year and does he/she stand a chance?

S&P Defends US Downgrade, Warns of Further Downgrade in 6-24 Months


Amidst heavy criticism from US politicians over its decision to downgrade the US economy from AAA status to AA+ for the first time in history, Standard & Poor’s took another unprecedented step on Saturday when it held a conference call with reporters to vigorously defend the rationale behind its decision.

Describing the political lead up to the recently concluded debt deal as a “debacle,” S&P officials warned that further downgrades could await the US economy.

250,000 Protest In Israel, Demonstrations Into Second Week


Massive demonstrations across Israel against the high cost of living point to a revival in the fortunes of the country’s long-dormant left-wing movement, forcing Prime Minister Benjamin Netanyahu to focus on economic policy at a time when he enjoys broad support for his handling of policy toward the Palestinians.

EconHumour: What if Economists Were Computer Viruses?


Have you tried to understand the difference between economic systems in different countries – but simply can’t get your head around it? Last time out, EconomyWatch.com used cows as an analogy. This time, we’re using something that affects many of us in our daily lives, especially as we grow increasingly reliant on computers and the internet: Computer Viruses.