Queues have formed outside Kabul Bank after two key executives resigned
The governor of Afghanistan’s central bank has told the BBC he will not allow the country’s largest commercial bank to collapse.
His comments follow the… more...
Trading on the currency markets has grown by 20% in three years to $4 trillion a day
A three-year report into currency dealing shows rapid
The average UK consumer spent £81 online in July
Internet sales grew in July at their fastest pace since before the recession, as wet weather encouraged home shopping, a survey suggests.
Online sales grew by 18% in the month compared… more...
The world’s biggest chip maker, Intel, has agreed to buy the security technology firm, McAfee.
Intel will pay $7.68bn (£5bn) in cash.
Under the terms of the deal, Intel said it would pay $48 per share in cash for McAfee, almost 60% higher than its closing price on Wednesday.
Through buying McAfee, a leading security technology firm, Intel intends to build security features into its microprocessors… more...
Australia’s unemployment rate rose to 5.3% in July, according to official figures released just ahead of the country’s national elections.
About 24,600 more people were out of work, raising the rate from June’s 5.1%. Analysts had predicted no change.
The country’s Labor government has played on its economic record which saw Australia avoid recession - largely thanks to demand for commodities.
Some observers say the data… more...
The UAE denies censorship is involved
wo Gulf states have announced bans on some functions of the Blackberry mobile phone, claiming security concerns.
The United Arab Emirates is to block sending emails, accessing the internet, and delivering instant messages to other Blackberry handsets.
Saudi Arabia… more...
Transport workers won above-inflation pay rises earlier this year
South African public sector workers have told the government they will go on strike in seven days if their pay demands are not met.
The coalition of unions, representing as many… more...
IBM faces two inquiries into its behaviour in the mainframe computer market
The European Commission has launched two competition inquiries to study whether IBM has abused its dominant position in mainframe computers.
One probe… more...
US shares have recovered after falls in late trading on Wednesday
Stock markets have risen after encouraging service and manufacturing data in Europe boosted confidence in the global economic recovery.
The closely-watched purchasing managers index rose… more...
A key advertising forecaster raised its outlook for global ad spending for a third consecutive time as fears of economic stagnation sparked by the European debt crisis didn’t seem to affect companies’ marketing plans.
Zenith Optimedia, a unit of French ad and marketing giant Publicis Groupe SA, now expects ad spending to grow by 3.5 percent this year to $447.5 billion. In April, it had expected a 2.2 percent… more...