All Blogs
Software Piracy
SINGAPORE, May 14, 2008 (AFP) – Software piracy increased last year in the Asia-Pacific region, boosted by China’s growing use of personal computers, an industry group said on Wednesday.The Asia-Pacific’s average PC software piracy rate in 2007 increased to 59 percent of the software in use in the region from 55 percent the previous year, […]
Wider Portfolio
May 14, 2008 (LBO) – The Sri Lanka unit of India’s Tata Communications is looking to expand in to new areas after getting 30 percent of the outgoing voice traffic of the country, officials said. . “We are looking for new licenses to expand into areas demanded by our customers,” Tata Communications group chief N […]
Sri Lanka presses ahead with air and ground attacks against Tamil Tigers: military
May 14, 2008 (AFP) – Sri Lanka pressed ahead with air and ground attacks Wednesday against Tamil Tiger rebels in the north, the defence ministry said, as the prime minster ruled out any ceasefire. Fighter planes gave air support to ground troops advancing toward rebel-held areas in Mannar district and bombed a suspected guerrilla training […]
Sri Lanka ministerial aide assassinated amid violence
May 14, 2008 (AFP) – At least 27 Tamil Tiger rebels died during battles with government troops, while separately a top advisor to a senior cabinet minister was shot dead in Sri Lanka’s restive north, the defence ministry said Tuesday.The sporadic clashes took place around the embattled Vavuniya and Mannar district on Monday, the ministry […]
” German president says
BERLIN, May 14, 2008 (AFP) – German President and former IMF head Horst Koehler attacked banks for allowing financial markets to become a “monster” that nearly caused a global collapse, in comments published on Wednesday.“It must by now have become clear to every responsible thinking person in the industry that international financial markets have become […]
” golden handshakes
BRUSSELS, May 13, 2008 (AFP) – Eurozone finance ministers are considering ways of discouraging “scandalous” excesses in executive pay, including by closing loopholes for golden hand-shakes, Eurogroup chairman Jean-Claude Juncker said Tuesday.“We believe that the excesses of captains of industries’ (pay packages) that we have seen in several countries … are really quite scandalous and […]
HP to buy EDS for 13.9 bln dlrs, to expand services
SAN FRANCISCO, May 13, 2008 (AFP) – Hewlett-Packard Co.on Tuesday revealed a 13.9-billion-dollar deal to buy Electronic Data Systems in a tie-up that creates a global powerhouse in computer services to compete against IBM.World leading computer maker HP said it will buy Texas-based business services outsourcing titan EDS for 25 dollars a share in cash, […]
India police sift for clues after deadly bomb blasts
JAIPUR, India, May 14, 2008 (AFP) – Police sifted for clues Wednesday after seven near-simultaneous bomb blasts tore through crowded markets in the Indian tourist city of Jaipur, killing at least 80 people.Police have detained one suspect over the attacks, which also targeted a packed Hindu temple, as schools and government offices shutdown Wednesday in […]
Sri Lanka govt needs to act quickly to consolidate east: analysts
May 14, 2008 (AFP) – The Sri Lankan government may be celebrating a key election victory in the ethnically-mixed east but it is still a long way from winning over the island’s Tamil minority, analysts and observers say.The polls on Saturday saw voters in the east give President Mahinda Rajapakse’s ruling coalition control over a […]
Sri Lankan stocks fall in thin trading on earnings fears
May 13, 2008 (LBO) – Most Sri Lankan shares lost value Tuesday in thin trading with investors apparently worried that corporate earnings could be hit by high inflation and interest rates, brokers said.The Colombo Stock Exchange All Share Index fell 1.04 percent (27.35 points) to 2,613.89 and the more liquid Milanka Index was down 1.39 […]