November 22, 2012
Eurozone output contracts again, PMI survey says
Business activity in the eurozone continued to contract in November, a survey suggests. The Markit eurozone Purchasing Managers' Output Index was little changed from October, up to 45.8 from 45.7. A reading below 50 indicates contraction. A sharper…
November 22, 2012
SABMiller reports higher profits on emerging markets
Brewing giant SABMiller has said that profits improved, driven by growth in emerging markets. Pre-tax profit in the six months to September rose 12% to $2.28bn (£1.4bn), boosting the shares by 6%. "We have recently seen moderation of economic growth…
November 22, 2012
Apple ordered to share HTC deal details with Samsung
A US judge has ordered Apple to disclose details of its patent-sharing deal with HTC to its rival, Samsung. Apple and HTC signed a 10-year licence agreement earlier this month, but did not make the details public. Samsung, which is also involved in…
November 22, 2012
Sony and Panasonic ratings cut by Fitch
Tech firms Sony and Panasonic have had their credit ratings cut to the level of junk status for the first time. The Fitch ratings agency pointed to their weak balance sheets and declining position in the global electronics sector, where both are…
November 22, 2012
Gaza and Israel Calm as Cease-fire Holds
A cease-fire that halted eight days of deadly fighting between Israel and Hamas held firm Thursday as thousands of flag-waving Gaza residents poured into the streets, while in Israel the mood was more subdued. Following a night of quiet skies after…
November 22, 2012
Russia Opposes NATO Patriots on Turkey’s Syria Border
Russia has warned against NATO's possible deployment of Patriot missiles near Turkey's border with Syria. Foreign Ministry spokesman Alexander Lukashevich said Thursday that Turkey's request for deployment to the Western military alliance “would not…
November 22, 2012
Former Ivory Coast First Lady Indicted by ICC
The International Criminal Court has unsealed an indictment against Simone Gbagbo, wife of former Ivory Coast President Laurent Gbagbo, for crimes against humanity. The court made the indictment and arrest warrant for Mrs. Gbagbo public on Thursday.…
November 22, 2012
Egypt’s Morsi Grants Himself Sweeping Powers
Egyptian President Mohammed Morsi has issued a decree granting himself far-reaching powers and ordering retrials of former officials who tried to violently suppress last year's popular revolution against longtime president Hosni Mubarak. In a…
November 22, 2012
Americans Mark Thanksgiving Holiday
Americans are marking the annual Thanksgiving holiday Thursday. The holiday is engrained in American life as a day for family gatherings with sumptuous turkey feasts, accompanied by a wide array of side dishes and pies. By one estimate, more than 43…
November 22, 2012
Nigerian Tops Africa’s Richest List
Forbes magazine has named Africa's richest man — a Nigerian tycoon who made his fortune in sugar, flour, and cement. This is the second year in a row that Aliko Dangote has topped the list of Africa's 40 richest people, with a reported net worth…