By Sarita Pereira: In this article, I will discuss the recent legal updates associated with Facebook (NASDAQ:FB). Austrian class action lawsuit Facebook Ireland is responsible for processing user data outside the U.S. and Canada. In August 2014, Max Schrems announced a suit of Facebook Ireland for violation of data protection and privacy laws. The list of violations include the privacy policy, participation in the PRISM program, tracking […]
Samsung Electronics, the global leader in mobile-phone sales, is being outflanked in the two biggest markets by newcomers catering to domestic tastes. Xiaomi Corp. became the largest smartphone vendor in China during the second quarter, while Micromax Informatics Ltd. topped Indian mobile-phone shipments, according to data from research firms this week. In both cases, Samsung fell to No. 2. Earnings and shipments at Samsung are shrinking as […]
ByBlack Coral Research: By Clinton Holmes Seriously, when I first saw AT&T’s (NYSE:T) dividend yield was above 5%, I couldn’t believe it. AT&T is a long-standing proven company. Over the last two decades, AT&T has had multiple periods of explosive growth. The first period of growth came between 1995 and 2005 when revenue and net income almost tripled due to the activation of AT&T’s mobile infrastructure. T […]
‘We will not weaken the Data Protection Act’ Photo: Rii Schroer SIR – Citizens rightly have concerns about privacy and how personal data is handled. We share such concerns: one of this Government’s first acts was to cancel the illiberal ID card scheme. We are not interested in building large databases. We will not weaken the Data Protection Act. Nor will we collect more data about people, or […]
New Delhi: Finance Minister Arun Jaitley on Monday said the government was open to accommodating minor modifications to the Insurance Laws (Amendment) Bill, 2008, so that it could be passed in the current session of Parliament. He also said calling a joint session of Parliament was a real option if the Bill was defeated in one of the Houses. After an all-party meeting failed to break the deadlock on the issue between the government and Opposition, Jaitley on Monday reached out to the Congress. But the Congress continued to insist the Bill be sent to a select committee of Parliament, as it now was much changed from the one the United Progressive Alliance (UPA) government had tabled in the Rajya Sabha. The party added it would be willing to support the legisl
Video | Cease-Fires of the Gaza-Israel Conflict With the Israeli Army now moving into defensive positions, a historical look at how the fighting could end. By MARK LANDLER August 4, 2014 WASHINGTON — When the State Department condemned Israel’s strike on a United Nations school in Gaza on Sunday, saying it was “appalled” by this “disgraceful” act, it gave full vent to what has been weeks of mounting American […]
Op-Ed Contributor Eight Days in Gaza: A Wartime Diary By ATEF ABU SAIF August 4, 2014 Sunday, July 27 For the last two hours we’ve heard nothing but sonic booms and the sound of rockets and mortars. Shells have fallen on our street a few hundred yards from my father-in-law’s house, where my wife and I, and our five kids, are staying, and on the street behind us. My wife, […]
China is poised to allow more private companies to directly import oil, a move that will have only a marginal impact on crude markets but may have a disproportionate impact on fuel oil prices. The vast majority of China’s crude imports come via the two state giants, PetroChina and Sinopec , which account for about 90 percent of the imports of the world’s second-largest oil user. Last […]
Photo: STEFAN ROUSSEAU/PA As they head for their holidays, senior Conservatives are beginning to worry that they are failing to benefit fully from Britain’s economic recovery. Recent months have seen a succession of good news stories, with growth well established, living standards no longer falling and predictions of future performance regularly upgraded. Yet the Tories seem unable to overturn Labour’s narrow lead. The table below illustrates what […]
The government is proposing a major overhaul of its foreign direct investment (FDI) policy as part of the Narendra Modi-led administration’s plan to woo overseas investors and improve ease of doing business in India, which ranks at a lowly 134 out of 189 global economies in this respect, according to the World Bank.
The government is looking to adopt the international practice of linking policy with industrial codes to ensure foreign investors won’t have to wade through complicated press notes or circulars to decipher the policy for a sector.
“Discussions are on. There is merit in seeding the industrial codes with the FDI policy,” said a government official aware of the deliberations. The mov
NEW DELHI: The Centre is looking to move amendments to the Atomic Energy Act, 1962 to enable the licensing of three joint ventures proposed by state-owned Nuclear Power Corporation of India Ltd — with NTPC Ltd, Indian Oil Corporation and National Aluminium Company Ltd (Nalco) — to set up new atomic power projects in the country.
Amid concerns over India’s nuclear liability provisions holding up the deployment of imported Light Water Reactor-based projects in collaboration with global vendors, the proposal by NPCIL to strike joint ventures with cash-rich PSUs is being seen as an alternative strategy to tide over the paucity of funds and ramp up execution capability for new projects using the indigenous pressurised heavy water react
NEW DELHI: Stung by Reliance Industries’ alleged bid to “influence” the foreign third arbitrator appointed by the Supreme Court in the KG-D6 block case, the government is set to approach the court with a plea that the relevant arbitration be done strictly within the country sans a foreign umpire.
Armed with a law ministry opinion conveyed to it recently, the petroleum ministry will also take the firm stand that RIL’s foreign partners, BP and Niko, should not be made a party to the arbitration, which was initiated by the Indian company, sources familiar with the matter told FE.
The government’s move would escalate the conflict between it and RIL over the alleged suppression of gas production at the once-pro
|TAP Special| Dubai stands to gain from a changing shopping profile of Singapore as strengthening exchange rate, rising labour costs and sales tax are putting foreign shoppers at a disadvantage in the island city state. Reports already suggest a marked drop in tourist arrivals, particularly from China. Dubai retailer Al-Futtaim has closed its stores for brands including Shana and Vince Camuto in Singapore, and is closing Mango […]
Aldar Properties, the developer that took over Sorouh Real Estate Co. last year, dropped in Abu Dhabi after reporting quarterly profit that missed estimates. The shares fell 3.2 percent to close at 3.65 dirhams. Aldar, which has the fourth-highest weighting on the benchmark ADX General Index (ADSMI), helped drag the measure down 1.2 percent. Second-quarter net income surged to 506 million dirhams ($138 million) from 189 million […]
The value of shares bought by foreign investors through swap arrangements on the Saudi stock exchange jumped in July, official statistics showed on Sunday. Authorities in the kingdom granted long-awaited approval on July 21 to open up the bourse to direct foreign investment for the first time in early 2015. Foreigners currently can only purchase shares through swap arrangements, contracts in which a local broker or investor […]
By STEVEN ERLANGER and JODI RUDOREN August 3, 2014 JERUSALEM — The Israeli military continued its substantial military attacks around Rafah in southern Gaza on Sunday while defending its decision to announce the death of a missing Israeli soldier at 2 a.m., only hours after Prime Minister Benjamin Netanyahu went on national television to say that he had no new information about the case. Army spokesmen said on Sunday that the […]
Medics at a field hospital in Rafah, Gaza Strip. More than 120 Palestinians were killed in Rafah alone on Friday and Saturday. By BEN HUBBARD and FARES AKRAM August 2, 2014 RAFAH, Gaza Strip — It was clear from the bodies laid out in the parking lot of the maternity hospital here that it had assumed new duties: No longer a place that welcomed new life, it was now a makeshift […]
Israeli soldiers watching Prime Minister Benjamin Netanyahu speak on television at a coffee shop near the border with Gaza. By STEVEN ERLANGER and JODI RUDOREN August 2, 2014 JERUSALEM — The Israeli military said early Sunday morning that an officer thought to have been captured by Palestinian militants during a deadly clash Friday morning, which shattered a planned 72-hour cease-fire, was now considered to have been killed in battle. The announcement […]
Lila Faria, 19, at her home in Maplewood, N.J. Ms. Faria, a student at New York University, recently returned from a trip to the Middle East with the Taglit-Birthright Israel organization. By ELENA SCHNEIDER August 1, 2014 WASHINGTON — Lila Faria, 19, a student at New York University, heard the whine of a bomb siren for the first time last month in Jerusalem. Along with several dozen other Americans […]
By JODI RUDOREN and ISABEL KERSHNER August 1, 2014 JERUSALEM — Palestinian militants sprang from the ground and confronted Israeli soldiers Friday morning, as they have repeatedly in recent days. This time, Israeli officials said, one exploded a suicide belt while another unleashed machine-gun fire. This time, two Israeli soldiers were killed and the militants apparently escaped with a third. The attack, at the start of what was supposed to be […]
Video | Obama on Failed Cease-Fire in Gaza The president called for the release of an Israeli solider captured just moments after a cease-fire was reached in the Gaza conflict. By PETER BAKER August 1, 2014 WASHINGTON — President Obama on Friday demanded that Hamas release a captured Israeli soldier unconditionally and expressed pessimism that another cease-fire could be reached because of the deep reserves of mistrust between the […]
By ISABEL KERSHNER and FARES AKRAM August 1, 2014 JERUSALEM — Heavy exchanges of fire between Israeli forces and Palestinian militants in the southern Gaza Strip on Friday morning threatened to shatter a newly agreed 72-hour cease-fire. Gaza health officials said that 27 Palestinians were killed and more than 100 injured. Palestinian witnesses said by telephone that Israeli tank shells hit as residents returned to inspect homes that they had evacuated […]
To get from the owner of a sex-chat service to one of France’s richest men, Xavier Niel has made a few bold gambles. His latest move, a $15 billion cash bid for control of T-Mobile US Inc. (TMUS), is his most audacious yet. Niel’s Iliad SA said yesterday it offered $33 a share for almost 57 percent of T-Mobile, a wireless provider five times larger than the […]
NEW DELHI: The government is formulating a policy package aimed at infusing life into 26,489 MW of gas-starved power plants. The plan includes partially revisiting the gas pooling proposal, which the UPA government conceptualised but later turned wary about, given the huge subsidy cost it entailed.
As per the new plan, some 10,382 MW of administered price gas-based installed power capacity, running at a very low plant load factor (PLF) for want of the fuel right now, would get pooled gas — at a price higher than the APM gas price — with an assurance that the cost of power from these plants above a threshold of R5.50 per unit will be subsidised.
As for the balance gas-based capacity, sources said, some 7,000 MW bas
