Dilemma X

Brazil Overtakes Britain To Become World’s Sixth Largest Economy São Paulo Anderson Antunes, Contributor Forbes According to a team of British economists from the Centre for Economics and Business Research (CEBR), Brazil has already overtaken the UK as the world’s sixth-largest economy. The Guardian‘s Phillip Inman reports today: “The banking crash of 2008 and the […]

China, Japan to Back Direct Trade of Currencies     Yoshihiko Noda, prime minister of Japan, left, is greeted by Wen Jiabao, prime minister of China, during a welcoming ceremony at the Great Hall of the People in Beijing. -Nelson Ching/Bloomberg By Toru Fujioka Bloomberg Japan and China will promote direct trading of the yen […]

Chinese oil giant acquires Canadian energy company Chinese oil giant Sinopec acquires Canada’s Daylight Energy in $2.1 billion deal   Associated Press   BEIJING– A Chinese state-owned oil company has acquired Canada’s Daylight Energy in the second major Chinese purchase of a Canadian energy company this year.   A unit of Sinopec Corp. and Daylight […]

Airlines jostle for Nigeria’s burgeoning aviation market   Wole Shadare The Guardian   LAGOS- The Nigerian aviation market is considered a big market. With over 160 million population, it is natural that the market will remain where the population is. As airlines jostle to control larger market share of the nation’s industry, these airlines are […]

Touchless smartphones and TVs could be on sale in 2012   Katia Moskvitch BBC News  Technology reporter, Tel Aviv   So you’ve lost your TV remote control. Again.   Not to worry, says a tiny Israeli start-up company called XTR3D – soon you’ll be able to flick through channels and adjust the volume using only… […]

Microsoft Wins Ruling in Case Over Motorola Android Phones By Susan Decker Bloomberg   Microsoft Corp. won a ruling that Motorola Mobility Holdings Inc.’s Android phones violate one of its smartphone patents, while failing to convince a judge that six others are being infringed as well.   Motorola Mobility, which is being acquired by Google […]

U.S. research universities can cope with federal funding cuts   Moody’s   NEW YORK– U.S. research universities have sufficient credit strength to maintain high ratings despite a weaker funding outlook, including looming cuts in federal government funding, says Moody’s Investors Service in a new report. “Except for the temporary boost provided by the 2009 stimulus, […]

Six Waltons Have More Wealth Than the Bottom 30 % of Americans Tim Worstall, Contributor Forbes Different people will take this different ways, but Jeffrey Goldberg tells us that six members of the Walton family (the original owners of WalMart) have more wealth than the bottom 30 % of Americans. Here’s where he says it: […]

Ghana wants Indian projects to employ local people   IANS   ACCRA, GHANA- Ghana’s energy minister Joe Oteng-Adjei has cautioned Indian companies against bringing their nationals to work on contracts in the country, instead of engaging Ghanaians who could perform those roles.   “We don’t expect you to bring in a ship-full of Indians to […]

China wants Sudan oil deal by Christmas Reuters China wants Sudan and South Sudan to resolve a row over oil transit fees by Christmas in order to avoid any potential distruptions of crude supply from the new nation, the Asian country’s special envoy said on Wednesday. South Sudan seceded from Sudan in July under a […]