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Latest news:
rediff: Man who harvested 100 mn Facebook data speaks!
Ron Bowes, a security consultant, used a piece of code to scan Facebook profiles, collecting data not hidden by the user's privacy settings.
rediff: Want to surprise your loved ones? Contact ASAP
Within a month of this incident, with Rs 50,000 at her disposal, Ruchi Chopra left her job and launched ASAP, or Any Surprise Any Place.
rediff: Low-cost PCs fail to boot up fast in India
The government's $35 device gives a sense of deja vu. Will low-cost computing gather steam this time?
rediff: NTC land gets Rs 284-cr bids
The Podar Mill, which went under the hammer today, is expected to get higher bids in the remaining two days of the e-auction.
rediff: Gold imports up 7.8% on improved festival buying
High prices, individual investors and funds retaining their faith in gold as an alternate investment option also helped in improving the import figures.
rediff: Vodafone-Essar may bring IPO
Under the 2007 agreement between Vodafone and Essar, the latter has a put option of divesting its stake in the telecom venture.
Economy:
AllAfrica: Niger: Food Crisis in the Sahel - Real Problem, False Solutions
When we talk of a 'food crisis', what are we referring to? Beyond cold and disembodied statistics, a Malian journalist has visited a few parts of Niger and reports on means of life, indeed, to surviving.
 Yahoo!: FTSE shares slip despite strong company results (AFP)
AFP - Leading shares in London slipped lower on Thursday, giving up early gains as Wall Street reversed direction despite a series of strong company results and economic data, dealers said.
Yahoo!: Italy seeks private sponsors to restore Colosseum (AP)
AP - Italian officials are seeking to raise some euro25 million (about $32 million) in private money to finance the restoration of one of the countrys iconic landmarks: the Colosseum.
AllAfrica: Chad: Nutrient-Rich Algae Can Boost Women's Incomes And Tackle Malnutrition - UN
A local variety of the nutrient-rich, blue-green algae known as spirulina could boost incomes for women in Chad who harvest the product as well as help fight nutrition, the United Nations Food and Agriculture Organization (FAO) reported today.
Industry:
AllAfrica: Africa: Leave New Oil in the Soil
Throughout Africa, oil has correlated with imperial subjugation, local authoritarianism and flagrant human rights abuses. It is now no longer in doubt that there are absolutely no guarantees that extractive activities are safe. One accident could jeopardise an entire ecosystem. It has been common knowledge in many oil-bearing communities in Africa that the d ...
AllAfrica: Mozambique: Pollution From Mozal Insignificant, Argue Academics
Pollution from the Mozal aluminium smelter, with or without filters, is insignificant compared with pollution from slash-and-burn agriculture, motor vehicles or wood fuel, academics from the physics department at Mozambique's Eduardo Mondlane University argued on Thursday.
AllAfrica: Uganda: First Lady Urges Leaders On Safe Water
The First Lady, Janet Museveni, has called on African leaders to prioritise access to safe water and improve sanitation so as to reduce child mortality.
AllAfrica: Namibia: Epangelo Ready for Action
Namibia's passive participation in harnessing her abundantly rich mineral resources could be a thing of the past after Epangelo Mining, a fully state-owned mining company, was launched here yesterday, amidst pomp and fanfare.
Small Business:
BusinessWeek: Republicans Block Small-Business Lending Measure
Senate Republicans blocked a measure that would cut taxes and ease credit for small businesses, saying they objected that Democrats refused to consider their amendments to extend tax breaks and cap federal spending.
BusinessWeek: Obama Promotes Plan for Small Business, Raises Money
President Barack Obama made a last pitch for his plan to aid small businesses before a Senate vote while on a trip that combines campaigning for his economic policies and raising money for the Democratic Party.
BusinessWeek: The Boss Shouldn't Have Promoted His Sons
Morale and profit margins plunged when an entrepreneur gave his sons too much responsibility. To save the business, he must reassert authority
BusinessWeek: Alternative Exits for Business Owners
You won't soon sell your business for an ideal asking price. Here are three strategies to help you get a better offer than you might expect
Finance:
Yahoo!: Asia stocks fall as data takes shine off earnings (AP)
AP - Asian markets fell Friday, overlooking strong earnings from some of the regions biggest companies as Japanese shares tumbled on a strong yen and dour economic figures ahead of a key U.S. growth report.
Yahoo!: SEC accuses Dallas investors of insider trading (AP)
AP - Sam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit filed Thursday.
Yahoo!: Citigroup to pay $75 million to settle SEC charges (Reuters)
Reuters - Citigroup Inc will pay $75 million to settle charges that it failed to disclose subprime exposure to investors in 2007, the U.S. Securities and Exchange Commission said on Thursday.
Yahoo!: Citigroup paying $75M to settle civil charges (AP)
AP - Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Commerce:
 Financial Times: UK group buys Barcelona marina for €30m-plus
Salamanca said it aimed to increase the capacity of the marina to house more than 45 super yachts of more than 50 meters in length
Forbes: Marketing Free Trade
World Trade Organization Director-General Pascal Lamy explains the difficulties of pitching free trade.
AllAfrica: Uganda: Why Private Sector is Pushing for Free Trade Among 26 African States
A gathering of Africa's elite private sector has recommended that all the states across the EAC, SADC, and COMESA centralise issuance of certificates of origin so that they do not have to traverse all the states to get a license.
AllAfrica: Rwanda: City Traders Drum Up Support for Kagame
Business came to a standstill, yesterday, as traders from popular central business hubs, Quartier Commercial and Quartier Mateus, in Nyarugenge District, flooded the streets in support of RPF candidate, Paul Kagame. They danced and sang in support of the RPF presidential candidate.
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Travel and Transport:
Financial Times: National Express back in the black
The coach, bus and rail operator reports a rise in profits at its north American operations, thanks to a cost-cutting regime put in place by Dean Finch, its new chief executive
 Travel Industry News: A Hotel Executive on How to Get Good Service - The Wall Street Journal
Paul James, global brand leader at St. Regis Hotels and Resorts, estimates that he spends no less than 150 nights a year in hotel rooms. His experience goes well beyond his own companys brand; he often checks out the competition by staying at other hotels.
Travel Industry News: The Moorings Announces New Charter Destination in Grenada
A year-round destination, The Moorings will offer bareboat (sail-it-yourself) charters and all-inclusive crewed yacht vacations with diverse itinerary options to explore the Eastern Caribbean.
Travel Industry News: Condor Announces Interline Agreement with Mexicana
Expansive network will offer the highest number of Latin American vacation destinations by a leisure carrier
Travel Industry News: What Your Phone App Doesnt Say: Its Watching - Globe and Mail
Lookout Inc., a mobile-phone security firm, scanned nearly 300,000 free applications for Apple Inc.’s iPhone and phones built around Google Inc.’s Android software. It found that many of them secretly pull sensitive data off users phones and ship them off to third partieswithout notification.
Travel Industry News: Crystal Announces 2012 World Cruise
Crystal Cruises announces its 2012 World Cruise, a 94-day epic journey exploring the diverse cultures of the Pacific Rim.
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IT and Telecom:
Financial Times: BT sees improvement at Global Services
The UK's largest fixed-line phone company reports a sharp decrease in cash outflow at its problematic unit, as it announces a 38% rise in first-quarter profit
Financial Times: Radio Shack plans Target store kiosks
The US mobile phone retailer intends to open outlets in most of Target's discount stores, as it faces a drive by rivals Best Buy and Walmart into the rapidly expanding wireless business
BusinessWeek: Citrix Systems Jumps to Highest in Nine Years After Upgrades
Citrix Systems Inc., a maker of networking software, jumped to the highest price in nine years after the stock was upgraded.
BusinessWeek: Motorola Tops Profit, Sales Estimates on Droid Demand
Motorola Inc., the U.S. mobile-phone maker, reported second-quarter earnings that beat analysts’ estimates, helped by demand for its new line of smartphones.
BusinessWeek: Symantec Drops as Forecasts Miss Analysts’ Estimates
Symantec Corp., the world’s largest maker of computer security software, fell the most in a year after issuing sales and profit forecasts that missed analysts’ estimates, evidence that customers delayed closing deals.
BusinessWeek: Cap Gemini Rises Most in Almost Year on Higher Margin Forecast
Cap Gemini SA advanced the most in more in almost a year in Paris trading after increasing its profitability forecast and reporting higher first-half profit.
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Real Estate:
AME Info: Marina Square Units to be handed over post Ramadan
The master developer of Abu Dhabi's Reem Island, Tamouh Investments has said it will start handing over its Abu Dhabi-based Marina Square project to end buyers after the Holy month of Ramadan. "The first phase of Marina Square is getting prepped up for handover to end-users, with over 3,440 residential units set to be added to Abu Dhabi's inventory. The fina ...
AME Info: Dubai office rents fall 17% in Q2
According to a report by CB Richard Ellis, office rents in Dubai had dropped by as much as 17% in the second quarter, as new supply put pressure on landlords, Bloomberg has reported. Office supply is increasing by about 5% per quarter in Dubai, mainly in areas including Port Saeed, Al Mamzar, Airport Road and Diyafa Street, according to CBRE. About 240,000 s ...
AME Info: Dubai's DSI wins four new contracts
Dubai-based Drake & Scull International said it has won four new contracts in Kuwait, Qatar and Oman. The company said the four new projects had a combined value of Dhs80m ($21.8m), but did not break down the value of individual awards. The projects are the Immigration General Directorate Building in Farwaniya, Kuwait; the Arabilla Tourist and Entertainment ...
AME Info: Sodic bids for land in Cairo suburb
Egyptian real estate firm Sodic has said it had bid for 426 acres in the Cairo suburb of Sheikh Zayed City, Reuters has reported. "We are planning to develop this land as an extension to Allegria," CEO Maher Maksoud told the news service. The one-month auction for the land, one of Egypt's largest since 2007, began in late June. Sodic plans to deliver about 3 ...
AME Info: Sorouh posts 79% drop in Q2 profit
Sorouh Real Estate, Abu Dhabi's second-biggest property developer by market value, has reported a 79% decline in second-quarter profit. Net income attributable to owners of the parent dropped to Dhs30.8m ($8.4m) from Dhs148.3m a year earlier, the company said in a statement to the Abu Dhabi bourse.
AME Info: Nakheel offers to repay Islamic loan in 7 years
Dubai-based property developer Nakheel has proposed repaying its bank debt after five years and one outstanding $1.85bn syndicated Islamic loan after seven, Reuters has reported, citing a source close to the company. Bankers have until the end of August to respond to undisclosed terms of Nakheel's multi-billion dollar restructuring plan, including the rates ...
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