Japan’s government said it will probably miss its goal of balancing the budget by 2020 even with its proposed doubling of the sales tax, underscoring the scale of the nation’s fiscal challenges. The primary budget deficit, which excludes the cost of servicing debt, will be the equivalent of 3.1 percent of gross domestic product for […]
Jan 24 2012 | Posted in
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The yen traded little changed today at 77.04 per dollar as of 2:44 p.m., compared with the postwar high of 75.35 reached on Oct. 31. Toyota Motor Corp. Chief Executive Officer Akio Toyoda said this month the “ideal” rate is 90. Asia’s largest automaker cut its profit forecast by more than half in December. A […]
Jan 24 2012 | Posted in
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Apple has been in a drive uptown since Tim Cook took to the helm of the company in August, 2011. Apple saw its fair share of ordeal last year; the stepping down of Co-founder Steve Jobs in the summers and then his mournful departure from this world. However, the company survived these catastrophes both in […]
Jan 24 2012 | Posted in
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Research In Motion (RIM) made some new progress in revamping its top management to cater to the problems it has been facing for the last two years. Co-CEOs, Mike Lazaridis and Jim Balsillie, will stepped down from their position, making way for Thorsten Heins to the office. Heins, who has worked at RIM in the […]
Jan 24 2012 | Posted in
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However, in the light of current scenario in the market and the situation of the company, following are a few suggestions that might help please both investors and customers. 1. Hire some new faces to Team-Blackberry Suffice it to say that investors aren’t terribly impressed that the new CEO of RIM is a company insider. […]
Jan 24 2012 | Posted in
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5. Android as an option Heins needs to make a decision and he needs to make it fast. BlackBerry 10 is still months away. And even if it was available tomorrow, the platform has little to no support from developers. Much like Nokia’s CEO Stephen Elop did when he took over at Nokia, Heins might […]
Jan 24 2012 | Posted in
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7. Outsourcing the Blackberry OS One of the major reasons for Android to give a hard time to Blackberry, and iOS for that matter, is the open-source approach by Google. The number of Android-powered smartphones has always been more than iPhones and Blackberrys because Android can be and is adapted by any company from Samsung […]
Jan 24 2012 | Posted in
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Political deadlock responsible for economic downturn: experts ISLAMABAD: (23 January 2012) Politics deter economic reforms and political instability perpetuates economic uncertainty, said Dr Ashfaque H. Khan, while speaking at seminar here on Monday. The seminar “impact of current political deadlock on Pakistan’s economy" was organized by Sustainable Development Policy Institute (SDPI). Dr Abid Q. Suleri, […]
Jan 23 2012 | Posted in
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Starbucks was founded in 1970’s with its head quarters in America. Howard Shultz joined Starbucks in 1982 and during his visit to Milan; he visited a famous coffee shop in Italy and was deeply moved by the coffee culture. Schulz wished to have the same love for coffee in the United States. He knew that […]
Jan 22 2012 | Posted in
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Some critics might be of the opinion that Apple, Inc. is getting on the right track toward the transparency of their operations, after the release of their 2012 Supplier Responsibility Progress Report. However, there are more questions that need to be addressed by the company then a mere précised report. Over the years, Apple has […]
Jan 21 2012 | Posted in
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Asian watchdog groups took the message to the media, spurring boycotts by groups like United Students Against Sweatshops. In the advocacy of the report, Apple officials list the number of audits done on the suppliers. Following is an excerpt: “In 2011, we conducted 229 audits throughout our supply chain — an 80 percent increase over […]
Jan 21 2012 | Posted in
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Although the times have changed and start-ups these days do not get the same opportunities as did Coca-Cola and Ford, more than a century ago. However, geniuses do not need favours dished out them, they find them and put in the effort to become successful. Following are some of the entrepreneurs who climbed the ladder […]
Jan 20 2012 | Posted in
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