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Author Archives: Umair Nasir

Netherlands spends Euro 500m on 75 startup investment deals

AMSTERDAM: There were a total of 75 startup investment deals in the Netherlands in 2014, with a total investment of slightly more than 500 million euro. This is according to Startup Juncture, a site that keeps track of all Dutch startup news. According to the site, it is relatively easy for startups to raise smaller amounts of funding of less ... Read More »

Frozen Disney, FIFA 15, Call of Duty are top-selling games in UK for 2014

LONDON: The United Kingdom’s Entertainment Retailer’s Association just sent out its list of the top 20 best-selling physical albums, movies, and games. As far as gaming is concerned, publisher Electronic Arts’ soccer sim FIFA 15 outsold all other pieces of media in the U.K. throughout the last 12 months. Consumers purchased more than 2.6 million copies of the game, which ... Read More »

2016 Cadillac CTS-V to crush BMW M5, Mercedes E63 AMG with 640 horsepower

DETROIT: Cadillac is gearing up for a barrage of new model arrivals in the next 12 to 18 months, the highlight of which will be a flagship sedan called the CT6. We’ve already seen the start of the brand’s new model onslaught with the unveiling of the ATS-V sedan and coupe at the recent 2014 Los Angeles Auto Show. The ... Read More »

Sony launches limited editions of Xperia Z3, Xperia Z3 Compact, Xperia Z3 Tablet Compact

TOKYO: Sony has introduced limited editions of its Xperia Z3 range of devices including the flagship Xperia Z3, mini-variant Xperia Z3 Compact and the Xperia Z3 Tablet Compact. The limited edition Sony Xperia Z3 devices have been launched in Germany and will be available in limited numbers in the country – 33 units each of Sony Xperia Z3, Sony Xperia ... Read More »

Samsung launches Series 9 2015 Edition Ultrabook laptop with 8 GB RAM, 256 ROM

LONDON: It didn’t take until CES for Samsung to provide plenty of additional details in English to sites like Engadget. The company is actually calling the laptop the ATIV Book 9 Ultrabook, and it will apparently come in two different configurations, both available in the first quarter of 2015. The $1,200 version will come with 4GB of RAM and a ... Read More »

Moto G, LG G2 to get Android 5.0.1 update

WASHINGTON: Android smartphone users have been waiting for the newest software to hit their devices. Google successfully rolled out Android 5.0 Lollipop to a handful of units including the LG G3. Interestingly, a newly-leaked photo suggests that its predecessor, the LG G2, will get the update next. According to GSM Arena, a F320L version of the LG G2 was seen ... Read More »

Moto G, LG G2 to get Android 5.0.1 update

WASHINGTON: Android smartphone users have been waiting for the newest software to hit their devices. Google successfully rolled out Android 5.0 Lollipop to a handful of units including the LG G3. Interestingly, a newly-leaked photo suggests that its predecessor, the LG G2, will get the update next. According to GSM Arena, a F320L version of the LG G2 was seen ... Read More »

Moto G, LG G2 to get Android 5.0.1 update

WASHINGTON: Android smartphone users have been waiting for the newest software to hit their devices. Google successfully rolled out Android 5.0 Lollipop to a handful of units including the LG G3. Interestingly, a newly-leaked photo suggests that its predecessor, the LG G2, will get the update next. According to GSM Arena, a F320L version of the LG G2 was seen ... Read More »

Philippines’s GDP inched to 15.6%: Revenue generation still unsatisfactory  

MANILA: Data released earlier this year showed the government’s revenues relative to gross domestic product (GDP) improved to 15.6 percent in the middle of 2014 from 15.3 percent the year before. For the whole of 2014, the government is targeting a tax-to-GDP ratio of 14.7 percent and a revenue to GDP ratio of 15.7 percent. The Philippines’ “investment grade” is ... Read More »

Irish Customs seizes €1.8m drugs

DUBLIN: Customs of Ireland has seized the drugs worth over €1.8 million in separate hauls in Dublin and Clare. Customs officers seized some 120,000 ecstasy tablets with an estimated street value of €1.2 million in Dublin. A 24-year-old man was arrested and is currently detained at Kilrush Garda station under section 2 of the Criminal Justice (Drug Trafficking) Act 1996. ... Read More »

Japan plans to invest $763m to build mine, infrastructure projects in Mozambique  

MOZAMBIQUE: Mitsui president and chief executive officer Masami Lijima said that he will take an active part in the promotion of infrastructural facilities in South Africa by investing its upfront payment amount for investment and loans will be $450 million for the mine and $313m for the infrastructure. The firm has signed an agreement with Brazilian-based mining group Vale SA, ... Read More »

Zimbabwe post’s annual turnover to decline by 22%

HARARE: In the current year mail business revenue is expected to close at 30 percent of total revenue. The 2015 mail revenue contribution is expected to decline to around 22 percent as a result of an overall growth in other areas and a decline in volumes from traditional clients who are moving to prepaid platforms thereby eliminating the need for ... Read More »

Customs reforms in doldrums: Philippines business groups concerned over backtracking

MANILA: With progress stalled, local business groups have expressed concern about possible signs of backtracking by the government that would undermine the country’s customs reform process and ultimately result in lower revenue collections and proliferation of smuggling. According to several business groups, the proposal would  have eliminate delays being witnessed at the country’s main ports because cargoes would have been ... Read More »