Sharp is set to cut 11,000 jobs and sell assets and plants worth $ 2.7bn as the consumer electronics giant tries to turn its financial fortunes around, according to a report released on Tuesday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
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German business confidence fell in September
September 24th, 2012
admin German business confidence for September surprisingly fell, its fifth straight month of decline, as the sovereign debt crisis in Europe continue to dampen economic outlook in the region. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Crowds pack apple stores for iPhone 5 launch
September 22nd, 2012
admin Die-hard fans of Apple’s iconic smartphone tolerated long overnight lines, cold weather even in some areas, to guard their place outside Apple retail stores around the world to be among the first to buy the new iPhone 5. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
SpaceX, NASA set launch date for first resupply mission
September 22nd, 2012
admin SpaceX engineers are preparing its spacecraft for the first official resupply flight to the International Space Station which is scheduled next month. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
IMF cuts economic growth forecast for South Korea
September 21st, 2012
admin Citing escalating fiscal woes in the euro zone, the International Monetary Fund (IMF) lowered its growth forecast for the South Korean economy this year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
California theme park riders spend hours at 300 feet after ride malfunctions
September 20th, 2012
admin A California amusement park ride malfunction left around 20 passengers stranded 300 feet in the air for hours, after being safely returned to the ground last Wednesday. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
U.S. housing starts continue rise in August
September 20th, 2012
admin Despite the stalled economy, the housing market shows little sign of slowing down as construction on new homes in August increased by 2.3 per cent, driven by single-family home starts that grew at the fastest rate in more than two years indicating that the U.S. real estate market has not yet lost its momentum. Article [...]
Hazardous “bidi” cigarette factories in Bangladesh pose serious health risks to workers and families
September 20th, 2012
admin Even after working 12 hours a day six days a week in toxic factory conditions rolling cigarettes in Bangladesh – followed by more cigarette rolling work at home – Shahnaz Begum, a 30-year-old mother of two, still cannot afford to feed her family. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
Bank of Japan announces $128 billion stimulus
September 19th, 2012
admin The Bank of Japan (BOJ) on Wednesday announced it was easing monetary policy by significantly expanding its asset purchasing fund amid a slowing global economy and increased tensions with China that have derailed the recovery of its economy that relies heavily on exports. Article © AHN – All Rights Reserved Economy, Business And Finance Stories
U.S. account deficit narrowed down in the second quarter
September 19th, 2012
admin The U.S. current account deficit, the amount owed by the country to the rest of the world, declined by 12 per cent in the second quarter as imports slowed down and earnings from U.S. investments abroad increased. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

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