Recession fears as economy shrinks : Press Association »

Recession fears as economy shrinks : Press Association

The UK is staring down the barrel of another recession after the economy shrank more than expected at the end of last year. Declines in the manufacturing and construction sectors drove a 0.2% fall in GDP in the final quarter of 2011, according to an initial estimate by the Office for National Statistics (ONS). The [...]

Obama,GOP battle to frame 2012 fight : State of the Union »

Obama,GOP battle to frame 2012 fight : State of the Union

The central theme of President Obama’s State of the Union address on Tuesday night was the notion that in America, everybody deserves a fair shake – and that his policies will help make sure they have one. The central theme of Indiana Gov. Mitch Daniels’ Republican response was that Mr. Obama has shown himself to [...]

U.S. Military Frees 2 Western Hostages From Somali Pirates »

U.S. Military Frees 2 Western Hostages From Somali Pirates

KHARTOUM, Sudan — American commandos raced into Somalia early Wednesday and rescued two aid workers, an American woman and a Danish man, after a shootout with Somali pirates who had been holding them captive for months. The American forces — drawn from the same Navy commando unit that killed Osama bin Laden — swooped in [...]

Apple underestimated iPhone 4S demand in China »

Apple underestimated iPhone 4S demand in China

BEIJING: Apple Inc underestimated the “staggering” demand for the iPhone 4S when it started sales in China this month, Chief Executive Officer Tim Cook said. “We thought we were betting bold,” Cook said about sales of the device in China on a conference call yesterday. “We didn’t bet high enough.” Crowds pelted Apple’s oldest store [...]

Ex-ISRO chief G Madhavan Nair threatens to move court : Scientists at war »

Ex-ISRO chief G Madhavan Nair threatens to move court : Scientists at war

NEW DELHI/BANGALORE: In a damning action, government has barred former ISRO chief G Madhavan Nair and three eminent space scientists from any re-employment for their alleged role in the controversial allocation of scarce S-band space segment to private firm Devas. The action, probably the first of its kind against a former Secretary-level technocrat and other [...]

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