The iPhone 5, which Apple Inc . (Nasdaq: AAPL) plans to release on Wednesday, could not only beef up the tech giant's bottom line, but it could also help achieve what Congress, the White House and the Federal Reserve have struggled to do: give the U.S
Mervyn King has been at the Bank of England for more than 20 years (Reuters) A job advert for the role of governor of the Bank of England will appear this week, announced Chancellor George Osborne, as the search for Mervyn King's replacement begins. King will not be stepping down from the helm at the UK's central bank until June 2013, but his successor will be revealed by the end of this year.
ECB President Draghi speaks during the monthly news conference in Frankfurt. There's a great scene in the classic Cold War drama, The Hunt for Red October , in which a defecting Russian submarine captain (played by Sean Connery) has teamed-up with a CIA analyst (Alec Baldwin). While waiting for the expected explosion of a torpedo fired only seconds earlier, Captain Ramius turns to Agent Ryan and asks, rather too casually, what sort work he does for the CIA before going on to criticise the conclusions of his academic work
Western Australia Premier Colin Barnett said on Tuesday that the city of Perth is shedding its blue collar reputation and is even attracting fresh professional talents. Among those who moved to the WA capital city are scientists, engineers and academics. The premier cited Department of Immigration figures which showed that the visas it issued the past 12 months to June to immigrants bound for WA were mostly to professionals, technicians and managers.
Exterior view of the German Federal Constitutional Court in Karlsruhe. Germany's Federal Constitutional Court may delay its long-awaited decision on the legality of Germany's participation in the European Union's permanent bailout fund as a new legal move to challenge the European Central Bank's bond buying programme emerges.
Venerable forecaster IDC predicted global spending on information technology this year will rise six percent to about $3.6 trillion, despite sluggishness in sector like PCs. The market also includes telecommunications services.
The financial sector was reporting productivity and growth that was not in line with reality before the financial crisis (Reuters) Britain will not return to the levels of growth seen in the build-up to the 2008 financial crisis because the level of productivity being reported was misleading and unsustainable, according to a new report by a leading economic think tank. Overstated productivity, particularly in the financial sector, helped give a false impression of the strength of the UK's GDP and so some of the post-2008 decline can be put down to this excess being cut away permanently, said the Centre for Economics and Business Research (CEBR). Collapsing output in sectors where productivity is demand-driven has also weighed down the economy
ECB President Draghi speaks during ceremony after receiving M100 media award in Potsdam. The European Central Bank's controversial plan to offer unlimited support to bond markets will not resolve the region's sovereign debt crisis, according to a report published by Moody's Investors Service Monday.
German business sentiment fell for the fourth straight month in August, the Ifo Institute said Monday, tumbling to its lowest level since March 2010. The business climate cooled down considerably in both retailing and wholesaling, said Ifo, which surveys about 7,000 German businesses to arrive at its monthly figures
Legal experts in the US and Europe tell the IBTimes UK that Standard Chartered may face further investigations - and possibly charges - following the New York state's filing against the bank for hiding at least a quarter of a trillion dollars worth of transactions tied to Iran.