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Author Archives: Mahroz Sab

TPG to sell whole investment in CGA via Haitong Securities

HONG KONG: Texas Pacific Group (TPG) is exiting its whole investment through a sale to Haitong Securities in car dealership of China Grand Automotive Services (CGA) and a third party investor. A unit of Haitong Securities agreed to pay HK $2.1 billion to purchase nearly 39 percent of TPG’s stake in CGA. The rest of TPG’s stake in CGA was bought ... Read More »

Rolls Royce opens third outlet in Australia

GOLD COAST: Chief Executive of Rolls Royce Torsten Muller Otvos opens it third outlet in gold coast. Muller Otvos said that Australia is a very important market for us with which we share a rich century long history. We see strong potential in the Queensland market. Since returning to the market in 2003 as Rolls Royce Motor Cars we have ... Read More »

EU tightening the noose around Google

BRUSSELS: The European Union institutions are tightening the noose around Google to change the way it operates its business and apply EU rules. The European parliament approved a non-binding resolution that calls for the unbundling of search engines from other services that internet companies offer, a practice that could in theory lead to the break-up of giant internet companies like ... Read More »

Aixtron develops AIX R6 MOCVD with boost up 120% for LED

HERZOGENRATH: AIXTRON, the new AIX R6 has been designed for the production of LEDs based on Gallium Nitride (GaN) and can be delivered in 12×6-, 31×4-, 121×2-inch wafer configuration. A worldwide leading provider of deposition equipment to the semiconductor industry presents its next generation MOCVD system at the China SSL international trade fair. New AIX R6 LED manufacturers face highly ... Read More »

UK’s Vince Cable not to sell 30 percent stake in Royal Mail

LONDON: Business Secretary Vince Cable said Britain does not mean to sell its 30 percent stake in Royal Mail any time soon he would prefer to see the shares remain in state hands for the medium to long term. In the postal operator last year the government sold a 60 percent stake, attracting analysis at the time from competitor politicians and ... Read More »

UN chief commits to create Technology Bank

NEW YORK: United Nations Secretary General Ban Ki-moon announced the new ‘technology bank’ to helping the world’s least developed countries (LDCs). The High Level Panel which is to advise on the organizational and operational feature of the planned Technology Bank and Science. Executive Director of the World Academy of Sciences Rwandas Romain Murenzi supporting the mechanism, he said five women ... Read More »

Evaluation Harry Potter, hint to study brain

WASHINGTON: Scientists to look into the brains of people caught up in a good book emerged with what a healthy brain does as it reads. Director of Carnegie Mellon’s Machine Learning Department Tom Mitchell said that for the first time in history, we can do things like have you read a story and watch where in your brain the neural ... Read More »

Scientist to determine Earth’s ‘Star Trek’

CALIFORNIA: Scientist’s team discovers an invisible “Star Trek” called killer electrons 7,200 miles above Earth. The electrons, which travel at near light speed, are proficient of damaging space electronics and can put astronauts in danger. Director of Colorado University Boulder’s Laboratory for Atmospheric and Space Physics Professor Daniel Baker said that it’s almost like these electrons are running into a ... Read More »

Numericable’s controllers approve Virgin Mobile France deal

PARIS: French cable operator Numericable, France’s rivalry overseer said it had given its go-ahead to Numericable’s purchase of Virgin Mobile France. Numericable’s parent is Luxembourg-based Altice, This is also in the process of buying number 2 mobile operator SFR (French radiotelephone company), agreed in June to buy Virgin Mobile France from owners Britain’s Carphone Warehouse and entrepreneur Richard Branson’s Virgin Group for ... Read More »

Spain’s Banco Santander buys 5% stakes in Monitise

MADRID: Santander a Spain’s Banco has bought a 5 percent stake in mobile banking business of Monitise that values the company at $1 billion and shows the increasing focus banks are putting on mobile payments. In Europe in the last two years Mobile banking has boomed with a rush in transactions on tablets taking many lenders by surprise, prompting them to shift ... Read More »

Mizuho to buy Mitsubishi Estate’s property for $1.35 billion

  TOKYO: One of Japan’s largest property developers Mitsubishi Estate Company limited is all set to sell a 41 year old office building in Tokyo to Mizuho Financial Group for 159 billion yen ($1.35 billion). Mitsubishi said in a statement it would book a special profit of 36.5 billion yen from selling it. Mitsubishi bought the 15 storey structure in ... Read More »

Tangle headphones are easy to carry

LONDON: British designers solve the problem of knot headphone cables with an iPhone case. Designer Josh Shires and James Griffith said that the cases, which produce in Manchester, will be shipped internationally before Christmas As first world problems go, the daily practice of untangling headphone cables is impair on many a music lovers. Designers claim to be able to put ... Read More »

Game of Thrones set to hit Chinese audience

BEIJING: HBO signs a deal with Tencent. ” The partnership with Game of Thrones” and “True Detective” could allow it to take help of Tencent’s massive online user base and make an official distribution channel in a market where pirated videos are out of control. Tencent, online games and social networks have many users in China, the deal with HBO is ... Read More »

Saudi Arabia, Egypt stock markets plunge

DUBAI: Saudi Arabia and Egypt stock markets rimed down in early deal and bourses in the United Arab Emirates and Qatar also gave up gains as the meeting in global equities emerges to collapse. By blue chips Saudi Arabia’s main index cut down 0.3 percent among a varied performance. Petrochemicals giant Saudi Basic Industries gained 0.6 percent, the kingdom’s biggest ... Read More »

Red Bull, Ferrari challenging major changes in Formula One engine systems

ABU DHABI: After Mercedes power of this season’s world championship, Red Bull and Ferrari are challenging major changes to Formula One engine systems next year. But team champions Mercedes are not intense on plans to allow their rivals limited in season engine development and have indicated they will obstinately defend their current advantage. Ferrari and Red Bull want rule changes to ... Read More »

Hon Hai invests $2.8b to branch out electronics manufacturer in Taiwan

NEW TAIPEI: The world’s largest contract electronics manufacturer  Hon Hai Precision Industry Co Ltd will partner with flat-panel maker Innolux Corporation in investing T$86.8 billion ($2.8 billion) in a panel-producing plant in Taiwan. Hon Hai is trying to branch out aggressively by finding new revenue sources beyond contract assembly for the likes of Apple Inc . Earlier this year it bought stakes ... Read More »

White House gives nation’s highest honor science medal to perofessors

WASHINGTON DC: Professors of The University of Michigan political science and public policy is getting the nation’s highest honor for achievement in science and technology from the White House. President Barack Obama selected Robert Axelrod and nine others last month for the medal. Axelrod is listed to receive the National Medal of Science on Thursday during a ceremony in Washington ... Read More »

Honda to launch hydrogen fuel cell cars in 2016

JAPAN: Honda is going to develop a new hydrogen fuel cell car that goes on sale in March 2016, which in emergency could even power your house. Hydrogen-powered cars called the Fuel Cell Vehicle (FCV), which produces only water as a waste product, will have a range of 300 miles (480km) and seating for up to five people. Problems with ... Read More »