Ecconomy
Apple Bites Back at Congress During Tax Hearing
Washington / USA (Weltexpress). The head of the US-based multibillion dollar computer firm Apple told a Senate panel on Tuesday his company has paid “every single dollar” it owes in taxes, despite a new congressional report that says Apple shifted billions of dollars in profits away from the United [more]
IMF Approves $1.3 Bln Cyprus Bailout
Nicosia / Cyprus (Weltexpress). The International Monetary Fund said on Wednesday it had approved a bailout of 1 billion euros (over $1.3 billion) for Cyprus, with the first installment of $110.7 million already allocated to the country’s government.[more]
Dow Jones Closes Above 15,000 for 1st Time
New York / USA (Weltexpress). The Dow Jones industrial average closed above 15,000 for the first time ever Tuesday, buoyed by optimism of a continued economic recovery in the United States and positive international economic news out of Germany about strong factory orders in March.[more]
Greek Unemployment at Record 27 Percent
Athens / Greece (Weltexpress). The level of unemployment in Greece hit a record 27.2 percent in January, up 5.7 percentage points year on year, the Greek national statistics service Elstat said on Thursday.[more]
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PC SALES TUMBLE
Frankfurt / Germany (Weltexpress). Sales of PCs have plummeted by a dramatic 14% to 76.3 million worldwide in the first three months of 2013, according to figures just released by International Data Corp.[more]
S&P Revises Outlook on Cyprus to Stable
Nicosia / Cyprus (Weltexpress). Standard & Poor’s Ratings Services has revised the outlook on Cyprus to stable from negative, the ratings agency reported Wednesday.[more]
The Frankfurt Music Fair - The world’s biggest trade fair for musical instruments, live music, and the music business!
Frankfurt / Germany (Weltexpress). On April 10th, the world’s largest and most significant music industry trade fair opens its doors for a four-day excursion into the world of musical instruments, sheet music, music production and marketing. The foremost meeting place for the international music ins[more]
Microsoft Discloses Law Enforcement Requests for User Data
Washington / USA (Weltexpress). US tech giant Microsoft disclosed Thursday that it and its main video chat service Skype received more than 75,000 requests last year from government law enforcement agencies in the United States and four other countries to provide customer user data.[more]
Same-Sex Weddings Now a Booming US Industry
Washington / USA (Weltexpress). From wedding venues and flowers to dresses, receptions and honeymoon suites, same-sex marriage has given rise to a thriving new cottage industry that caters to gay and lesbian couples in the United States and businesses say they’re having a hard time keeping up.[more]
US Cannabis Capitalists Aim High With Legal Colorado Weed
Denver / Colorado (Weltexpress). The pungent scent of cannabis percolates through the car fumes in places along this busy commercial strip that locals call “The Green Mile” and “Reefer Row” – a reference to the dozen or so medical marijuana dispensaries dealing legal dope in the neighborhood.[more]
Cypriot Parliament Rejects Tax on Deposits
Nicosia / Cyprus (Weltexpress). Parliament in Cyprus on Tuesday overwhelmingly rejected a bill aimed at charging steep levies on bank deposits, jeopardizing the country’s chances of securing a desperately needed international bailout.[more]
Samsung Seeks to Out-Innovate Apple
Washington / USA (Weltexpress). South Korean electronics maker Samsung unveiled its latest smartphone the Galaxy S4, which boasts innovative features like allowing users to control the screen with their eyes. But initial reviews have been mixed, and industry experts are divided over whether this Sam[more]
Israel Starts Oil Exploration in Golan Heights
Tel Aviv / Israel (Weltexpress). The Israeli government has issued the first license to explore for oil on the Golan Heights, the plateau in south-western Syria captured and annexed by Israel, the license holder Genie Energy said on Thursday.[more]
What’s at the Core of Apple’s Next Big Thing?
Washington / USA (Weltexpress). A look at Apple’s finances suggests the company that revolutionized the music, computer, smart phone and tablet industries is thriving. Its more than $40 billion in profits for fiscal 2012 were more than any non-oil company has earned ever.[more]
Chinese Co. To Invest $500 Mln In Tajik Metal Plant
Dushanbe / Tajikistan (Weltexpress). China Global New Technology Imp & Exp plans to invest $500 million in construction of a metallurgical plant in northern Tajikistan, the Central Asian country’s State Committee on Investments and State Property Management said on Thursday.[more]
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