The Apple logo is pictured on the front of a retail store in the Marina neighborhood in San Francisco, California April 23, 2014. REUTERS/Robert Galbraith

Apple, Google to pay over $300 million to settle lawsuit

Four major tech companies including Apple and Google have agreed to pay a total of $324 million to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, sources familiar with the deal said, just weeks before a high profile trial had been scheduled to begin.  Full Article 

Australia rules out link between debris and Malaysian plane 24 Apr 2014

PERTH/MELBOURNE - Authorities ruled out any link between debris picked up on an Australian beach and a missing Malaysian jetliner on Thursday as a tropical cyclone again threatened to hamper a 26-nation air, surface and underwater search of the Indian Ocean.

Palestinians hold national flags as they celebrate after an announcement of a reconciliation agreement in Gaza City April 23, 2014. REUTERS/Ibraheem Abu Mustafa

Israel suspends talks after Palestinian unity bid

Israel on Thursday suspended U.S.-sponsored peace talks with the Palestinians in response to President Mahmoud Abbas's unexpected unity pact with the rival Islamist Hamas group.  Full Article 

A man stands outside the front gate of Christian Evangelical Baptists of Korea premises in Anseong, south of Seoul April 22, 2014.REUTERS/James Pearson
Korean Boat Tragedy

Korea ferry founder has a chequered past

The head of the South Korean family that operated the ferry which sank last week is a billionaire once jailed for fraud, a photographer who has held an exhibition at the Louvre under a pseudonym and the founder of a church which owns the website www.god.com.  Full Article 

Afghan presidential candidate Abdullah Abdullah arrives for an interview in Kabul April 20, 2014. REUTERS/Mohammad Ismail

Abdullah-Ghani run-off likely in Afghan election

The Afghanistan presidential election is poised to go to a run-off after the latest tally of votes released on Thursday showed neither former foreign minister Abdullah Abdullah nor former finance minister Ashraf Ghani securing an outright majority.  Full Article 

People line up to buy iPhone at a China mobile store in Wuhan, Hubei province, January 17, 2014. REUTERS/Stringer/Files

Apple's China success sets stage for iPhone 6

Strong sales of iPhones in China and emerging markets sets the stage for Apple Inc to reap even higher profits after it launches the next iPhone and other new products, analysts said.  Full Article | Related Story 

Real Madrid's Karim Benzema (L) scores against Bayern Munich's goalkeeper Manuel Neuer during their Champions League semi-final first leg soccer match at Santiago Bernabeu stadium in Madrid April 23, 2014. REUTERS/Darren Staples
Soccer

Real home in on elusive 10th European crown

Real Madrid took a step closer to an elusive 10th European Cup with a 1-0 home win over Bayern Munich on Wednesday and the Spanish side will hope to finish off the job in Germany having shown how effective they are on the counter-attack.  Full Article 

Latest Headlines

Debra Sherman

Remembering Debra

Our much beloved colleague Debra Sherman has died after battling lung cancer for more than a year. She covered healthcare for more than a decade, writing considered pieces on such subjects as the rising financial toll posed by a cancer diagnosis. After learning of her own illness, she employed that expertise in fighting the disease and imparting to readers accounts of her experience in her "Cancer in Context" blog.  Read 

CINEMA

A handoout still from 'The World Before Her'

Guns and Gowns: Two faces of Indian woman

Nisha Pahuja‘s film “The World Before Her” juxtaposes two training camps - one for the Durga Vahini (army of Durga), the women’s unit of the right-wing Vishva Hindu Parishad (World Hindu Council), and the other for the Miss India beauty pageant. Pahuja wanted to make a film that would explore a common theme in two worlds that at first look like they are opposites.   Full Article 

Mahamet, a 17-year-old Syrian boy from Azaz, waits for customers in front of the jewellery shop where he works as a translator in Kilis on the Turkish-Syrian border March 18, 2014. REUTERS/Murad Sezer/Files

Election cash restrictions to dent gold imports

India's gold imports in April and May could be less than half of arrivals in March, as restrictions on the movement of cash during general elections dent the buying power of consumers, jewellery industry officials said. Gold arrivals in both April and May could plunge to 20 tonnes, from March imports of 50 tonnes.  Full Article 

Andy Mukherjee

Missing inflation could make Asian bonds frothier

When inflation picks up, so do bond yields, which drives prices of those bonds down. Before the 2008 crisis, consumer prices in Asia were rising at a faster-than-anticipated pace. Investors demanded more compensation for holding paper with fixed-rate returns, and policy-makers raised short-term rates, so yields on sovereign debt surged.  Full Article 

A man looks at a screen across the road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai February 6, 2014. REUTERS/Mansi Thapliyal/Files

Why IT, pharma stocks are not pariahs

Expectation that the ongoing general election will throw up a stable government has spurred a return to risk in domestic equities. Assuming a strong government is indeed voted in, will it mean the IT and pharma sectors will become market pariahs? Unlikely, writes Mukesh Agarwal of CRISIL.  Full Article 

John Foley

Graft purges don’t hurt shareholders - insiders do

China Resources chairman Song Lin has been sacked for disciplinary violations, leaving an empire with $150 billion in assets leaderless. Though China’s state-company bosses will quake in their loafers, the damage to investors looks manageable. The real problem is a wider culture that treats outside shareholders as an afterthought.  Full Article