As Japan struggles with the world?s worst nuclear crisis in decades, the country is looking to promote renewable energy; and will announce a new plan to make solar panels compulsory on the roofs of all new buildings by 2030....
It is learnt that India-based Tata Consultancy Services Ltd (TCS) has recently added 70,000 employees to its payroll. This comes from the high demand of the company?s outsourcing services. TCS, Asia?s largest computer-services provider uses low cost IT workers to...
In an effort to limit the number of stockholders, web companies Twitter, LivingSocial and Square Inc., are taking measures to restrict investors from selling shares in secondary exchanges. Twitter asked investors in its recent funding round to refrain from sales...
Nokia Corp and Siemens AG have focused to restructure their joint venture in telecommunications-networking equipment. The deal popularly known as Nokia Siemens Networks is adopting a self-help strategy for the business. Under the deal, each company will put more cash...
The Blackberry maker has shown poor numbers for the past couple of weeks.? Take over was always looming over head. Now Research In Motion (RIMM) has lost so much value that an acquirer could pay a 50% premium and still...
Earlier this month, LivingSocial, the second-largest discounted deals operator, was in talks with investment banks for an initial public offering. Now, it has been confirmed that they have hired JPMorgan Chase, Deutsche Bank and Bank of America Merrill Lynch...
Starting from today, July 15th 2011 leaving flyers on parked cars (in public places) and at door steps is banned in the Dubai emirate. Abdul Majeed Abdul Aziz Al Sifai, Director, Waste Management Department, DM, said (to a local newspaper),...
The world acclaimed writer and author until recently was hesitant to go cyber. She believed in the old fashioned way of reading books, page by page. However even she cannot ignore the cyber calling. On Thursday the author released to...
  In a presentation to market analysts, Etisalat has revealed plans to consolidate its smaller assets in “fragmented markets” through mergers, acquisitions or asset sales and also record up to 5 percent revenue growth in 2013. The Gulf's second largest telecom...
The Japanese video game developer Sega Corp confirms that information belonging to 1.3 million customers has been stolen, which is the latest global cyber attack reported. Names, birth dates, e-mail addresses, and encrypted passwords of users of Sega Pass...
A US federal judge threw out a "grossly excessive" $1.3 billion verdict that Oracle won against SAP in a landmark intellectual property case, possibly setting the stage for another showdown between the two technology companies. Last year, Oracle won a...
A week long long treat at the Sun Valley, Idaho. Wow! Sounds amazing doesn't it ? For the past twenty odd years or so the meet-up had its glitz and glam. Since 1983, the Sun Valley Conference has been sponsored...
UAE plans to invest Dh80 million in education, start-ups, and R&D in the information and communication technology sector in the region. Out of Dh80 million, Dh22 million is committed towards its applied and basic research and development initiative. The...

Drama At F1

The final decision on the fate of the 2011 Bahrain Grand Prix was certainly the right one. Even though it may have been for all the wrong reasons, including logistical inconvenience and sheer embarrassment, it yielded an unexpected bonus,...
Japanese electronics giant Sony suffered another quarterly loss of $2.1 billion for the last quarter of 2011 compared with a profit of $940 million a year earlier. Hammered and beaten down by weak sales and tough competition, Sony anointed...

IBM turns 100

IBM?s centennial celebrations are on and the company reflects on the innovation and transformative breakthroughs it has made. IBM is no more a company than it was two to three decades ago. It is at present the ranked 14th among...
The People's Bank of China said it would increase one-year lending rates by a quarter of a percentage point to 6.56%. Benchmark one-year lending rates will be raised 25 basis points to 6.56 percent, and benchmark one-year deposit rates will...
Not a day goes by now without any news from the technology sector. Thanks to Google, Microsoft and many other tech companies, the tech news are becoming quite popular. Google seems to be in the news again this week. This...
Employee attrition is becoming a critical issue and this has forced multi-nationals in Asia to now use social networks, blogs, online communities, gaming and other collaborative learning technologies to create a learning environment as well as comfortable work atmosphere...
Abu Dhabi Commercial Bank (ADCB) agrees to sell 24.9% stake of RHB Capital Berhad (RHB) to Aabar Investments (Aabar). The signing ceremony was witnessed by the Crown Prince of Abu Dhabi, General Sheikh Mohammed bin Zayed Al Nahyan and...
Rovio Entertainment Oy, the company behind the ?Angry Birds? mobile-phone game, is reportedly in discussions to receive funding that would value the company at around $1.2 billion, Bloomberg reports. Two people with knowledge of the talks told Bloomberg that the...
One of the world?s largest independent private jet charter brokers and consultants, Private Jet Charter, has reported that private aviation business in witnessing higher growth in UAE in general and Dubai in particular. Chief Executive of Private Jet Charter, Hugh...

Art Hack

?It?s a thrill, an adrenaline pump? a tech savy self proclaimed computer nerd told AG about Hacking into high profiled computers. In a string of high profiled hacking Electronic Arts is the new target. The video game maker revealed that hackers...
Seeking to build an ambitious new citywide surveillance project, china is looking west for assistance. Cisco and other western companies are reportedly working with the Chinese government to install a network of one half-million surveillance cameras in the rapidly growing...
As per Abu Dhabi Tourism Authority (ADTA), the tourism industry is booming in Abu Dhabi.? The hotel occupancy has increased by about 10 percent with majority of occupants extending the average length of stay by 14 percent to just...
Sosasta.com, the Indian subsidiary of online deals giant Groupon, accidentally published email addresses and passwords of its 300,000-strong subscriber database. Daniel Grzelak, founder of www.shouldichangemypassword.com, found the security breach while running a Google search for publicly available databases. ?Grzelak's website...
The United States is exploring the possibilities of a Trade and Investment Cooperation Agreement (TICA) with the GCC nations including the UAE. Michael C. Camunez, US Assistant Secretary of Commerce for Market Access and Compliance, said that keeping in mind...
Australian Climate Change Minister, Greg Combet, said he expects to conclude details of a plan for a carbon tax soon after making progress in talks with lawmakers. The Multiparty Climate Change Committee- including the minister and lawmakers met yesterday...
A global body that charts the course of the Internet is set to discuss a revolutionary plan to open new domain suffixes for private companies. This will be discussed in the meeting held by the Internet Corporation for Assigned...
Apple goes red against Samsung, this time in South Korea. On Friday Apple Inc, widened a legal battle against Samsung Electronics Co. by filing suit against the major electronics makes in its home market of South Korea. a country where...