US Vice President Joe Biden has rejected claims that American power is on the wane and told a Chinese audience that his government would never default. “You’re safe,” Biden told…
World News
Canada sees risks for world economy
Top Canadian economic policymakers see a raft of potential problems for a global economy they described as fragile yet still growing, but said they are ready to intervene to protect…
Apple stays on top as HP tablet is dead
The sudden demise of Hewlett-Packard’s WebOS TouchPad after just seven weeks on shelves was a reminder of how tech giants have failed so far to take a bite out of…
Investors buy stocks in AAA rated countries
Investors worried about a weakening global economy have rushed to stocks of countries with higher credit quality such as Germany, Canada and Switzerland, data from EPFR Global has shown. Equity…
Global data doubling every two years says study
The world’s data is more than doubling every two years – with a colossal 1.8 zettabytes to be created and replicated in 2011, according to a major study. The EMC-sponsored…
JPMorgan Chase to become top US bank
JPMorgan Chase & Co is close to vaulting past Bank of America Corp to become the biggest bank in the United States, but it will likely get there in an…
US Treasury weighs options to avert default
A small team of US Treasury officials is discussing options to stave off default if Congress fails to raise the debt limit by the August 2 deadline, sources familiar with…
Levi’s seeks to tap Arab Spring to sell jeans
Levi Strauss will attempt to tap into the revolutionary spirit of the “Arab Spring” with a “Go Forth” global marketing campaign aimed at attracting youthful customers back to the jeans…
Facebook launches video chat with Skype
Facebook will add Skype video chat to its pages, aiming to spice up the appeal of the world’s No 1 Internet social networking service while fending off increased competition from…
