The global lighting industry is expected to continue growing at a rapid rate in the next few years, so much so that it will be worth nearly €100 billion (£81 billion) by as early as 2020. Regulation around the world is starting ...
Tags: LED light bulb
An international research team based in Bristol, UK has reportedly developed a new quantum chip that could enable the creation of ultra-fast computers and unhackable mobile phones, according to a report in the Financial Times. The report ...
Tags: Bristol scientists, Quantum chip, scientists, silicon chips
Research in Motion (RIM) today confirmed it will axe a significant number of jobs across the company to cut $1bn operating costs. The announcement came just days after the Financial Times revealed the ex-chief executives of the BlackBerry ...
Tags: RIM, jobs, Lazaridis and Balsillie Pocket
Microsoft and Amazon will launch own-brand smartphones mid-2013, including a Windows Phone 8 Surface. iPhone maker Foxconn has apparently received orders from Microsoft and Amazon to build smartphones. According to Digitimes, the handsets ...
Tags: Amazon smartphone, foxconn, Microsoft, Windows 8 phone Surface
Google has claimed victory in one of the central arguments in its high-profile court battle with Oracle. In August 2010, Oracle sued Google, claiming Android infringed its intellectual property rights by Google illegally copying Java in ...
Wal-Mart Stores is reportedly in talks to buy Turkish retailer Migros Ticaret from UK private-equity firm BC Partners. Reports in London today (13 December) claimed the world's largest retailer was in discussions with the buy-out house, ...
Tags: WalMart Stores, Migros Ticaret, BC Partners
The boss of Nigerian cement company Dangote Cement has revealed plans to open a plant in Iraq.Aliko Dangote,who is Nigeria s richest man,told the Financial Times that he is planning to open cement plants in Iraq and in Myanmar next year.He ...
Tags: NigerianCement, DangoteCement, planed, aPlant, inIraq
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter
OPEL Technologies Inc of Toronto, Ontario, Canada – which makes high-concentration photovoltaic (HCPV) panels and solar tracker systems through its subsidiary OPEL Solar Inc and develops III-V semiconductor devices through US ...
Tags: OPEL, ODIS, POET, high-concentration photovoltaic panels, HCPV
London based private equity firm Cinven is planning to launch its Partnership annuity business, although the firm has not revealed the name of the new underwriting entity. Sources close to the matter told Financial Times that the private ...
Almost seven years since Tesco first announced its plan to enter the US, the UK retailer has today (5 December) said it is "likely" to quit the market. Tesco said it would take too long for its Fresh & Easy chain to reach the "scale and ...
Insurance firm Amlin has returned to profit after a major loss suffered in 2011 due natural disasters, such as Japanese tsunami, New Zealand earthquake and flooding in Thailand that affected the company to large extent. The company saw ...
Tags: Amlin, natural disasters, pre-tax profits soar, insurer
Chinese food and beverage firm Wahaha is in a leading position to acquire United Biscuits' snacks business, KP Snacks, for £520m. This move comes after the owners of United Biscuits, US private equity firm Blackstone and the French ...
Tags: food and beverage firm, leading position, snacks business
Indian automaker Tata Motors' wholly owned luxury car maker Jaguar Land Rover (JLR) is planning to set up a new assembly plant in Brazil. Currently, the carmaker is in talks with Brazilian authorities about assembling its Freelander ...
Tags: Tata Motors, luxury car, new assembly plant, carmaker
Aviva, a UK multinational insurance company has warned that it will slash approximately 800 jobs in its UK operation, as part of its austerity measure to reduce the cost substantially and bring the life insurer on the track. The ...
Tags: multinational insurance company, insurance company, life insurer