Programmer admits to data theft

20 September 2012 Last updated at 00:02 ET Chunlai Yang, a former programmer for CME Group, the largest US futures exchange operator, has admitted to stealing trade secrets from the firm. He pleaded guilty to downloading CME's computer codes to help boost trading speeds and volumes at a Chinese exchange. The US government said the potential loss from the theft was between $50m-$100m...

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Electric car money 'only for few'

19 September 2012 Last updated at 22:47 ET Government spending of £11m to encourage people to drive electric cars has benefited only a "handful of motorists", MPs have said. They also warned the scheme was being used to subsidise second cars for more affluent households. In a report, the Transport Select Committee questioned whether this represented a good use of public money. ...

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Japan exports fall on EU slowdown

19 September 2012 Last updated at 21:20 ET Japanese exports fell for the third consecutive month in August, hurt by a slowdown in demand from the European Union (EU) and China. Shipments fell 5.8% from a year earlier, with exports to the EU sliding by 22.9% and to China by 9.9%. Exports to the EU have dipped for 11 straight months amid the debt crisis. There are now fears that Japan's...

08.26 | 0 komentar | Read More

UK cities get fast broadband cash

20 September 2012 Last updated at 00:06 The government has announced how it will share the money promised to 10 UK cities to allow them to create superfast broadband networks. London gets the largest share of the £114m pot with £25m, followed by Leeds and Bradford, which will divide £14.4m. The money will be used to build city-wide networks, offering homes and businesses speeds of...

06.31 | 0 komentar | Read More

Pensions system roll-out revealed

19 September 2012 Last updated at 19:02 ET Some 600,000 people are expected to be enrolled into a workplace pension by the end of the year under a new system that automatically diverts funds from their pay packet. The automatic enrolment scheme begins on 1 October and will mark one of the biggest changes to the pension system in the UK. It will start with the largest firms. Employers...

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Lufthansa in new low cost move

19 September 2012 Last updated at 16:10 ET Lufthansa says it will merge many of its European and domestic routes under a new low cost brand as it seeks to boost profits. The company's flights within Germany and Europe, excluding those from the Frankfurt and Munich hubs, will be merged with its existing low-cost brand Germanwings from next year. The new service is expecting some 18...

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Bill Gates tops Forbes rich list

19 September 2012 Last updated at 14:45 ET Technology titan Bill Gates has been listed by Forbes magazine as the wealthiest American for the 19th year in a row, with a fortune of $66bn (£41bn), up $7bn from last year. There was no change in the order of the top five richest from a year earlier. The total wealth of the US super-rich grew 13% to $1.7tn, with the top 400 worth an average...

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EADS boss warning over BAE deal

19 September 2012 Last updated at 12:54 ET The chief executive of EADS has said its proposed tie-up with BAE Systems represents a "perfect fit" but that there is "serious work" ahead to convince investors of its value. Tom Enders' thoughts were given in a letter to 136,000 EADS employees, including 17,000 in the UK. Politicians are also looking closely at the planned merger, which...

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HTC unveils Windows Phone mobiles

19 September 2012 Last updated at 16:55 HTC has unveiled two Windows Phone 8 handsets at an event in New York. The firm has said that it intends to promote the 8X, which features a 4.3" (10.9cm) display, as its flagship device alongside the Android-powered One X. The firm is also offering a smaller 8S model with a 4" (10.2cm) screen. HTC's share price has fallen more than 50% since...

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William Hill in Sportingbet talks

19 September 2012 Last updated at 12:08 ET UK bookmaker William Hill has confirmed it is in talks over a possible joint offer for gambling firm Sportingbet. William Hill, which has 2,300 High Street betting shops, is attempting to reach a deal to buy Sportingbet with the European gaming company GVC. Shares in the target company rose 17% as market rumours about the deal circulated. ...

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