Kenya's monetary policy committee decided to leave its key lending rate unchanged because non-food and fuel inflation were within its target band, its chairman, who is also the governor of the central bank, said on Monday.
Technology is increasingly displacing the need for workers worldwide. Foxconn, making of Apple's iPhones and iPads, plans to add one million robots to factories in the next three years. HSBC is cutting out "unnecessary bureaucracy" in eliminating 30,000 jobs.
Apple manufacturing partner Foxconn is adding one million robots over the next three years in hopes of reducing labor costs.
Foxconn has announced that it would be replacing its workers with 1 million robots in the coming three years.
The dollar rallied against the yen and the Swiss franc on Monday as investors unwound safe-haven plays on expectations U.S. lawmakers would pass a deal to raise the country's borrowing limit, averting the risk of an immediate default.
Brent crude futures hit a 6-week high on Monday, topping $120 a barrel, due to a relief rally after Washington reached a last-minute deal to escape default.
INTERNATIONAL BUSINESS TIMES meets with fashion designer and rising star Amy Matto
Samsung Electronics saw explosive growth during the second quarter, primarily due to the roll-out of its venerable Galaxy S2 smartphone, but the expected iPhone 5 from rival Apple could put the breaks on the S2.
Solar investors should brace themselves for some downright dreadful second-quarter earnings reports in the coming weeks, though the rest of the year may provide some relief to battered solar stocks as panel prices stabilize and profit margins recover.
With America edging closer to a default and a downgrade in credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
Leaked photographs of an all-white Samsung Galaxy S2 Android phone has been doing rounds on the web sphere.
It is time for another round of iRumors. Apple had upset the proverbial apple cart of iPhone fans by breaking with the tradition of releasing the latest iteration of its flagship product in June Developers Conference. Ever since, rumors have prevailed. The latest rumor suggests Apple iPhone 5 will be released in the second half of September. The same source says the latest version of Apple's iconic tablet iPad will hit shelves by Thanksgiving.
Google's popular operating system (OS) Android claimed the largest share with 39 percent of the U.S. consumer smartphone market in the month of June, while Apple's iOS trailed by 11 percent, accounting 28 percent of the entire market, said a new report released by Nielsen.
Space Exploration Technologies, a privately owned firm developing a space taxi with U.S.-government backing, plans to launch its second test capsule on November 30 and send it all the way to the International Space Station, a company manager said on Thursday.
McNeil Consumer Healthcare said on Thursday it plans to lower the maximum recommended dosage on regular Tylenol and other acetaminophen-containing products beginning next year, but the company will recommend six pills a day, or 3,000 milligrams, rather than eight pills, or 4,000 mg, on Extra-Strength Tylenol product packages immediately.
The Chinese people are in mourning after two high-speed trains collided on Saturday.
If the debt ceiling isn't raised before Aug. 2, or if America's prized AAA credit rating is downgraded, it will mean at least a decade of financial instability to clean up after.
South Africa's official jobless rate rose further in the second quarter of this year as the mining and manufacturing sectors shed jobs.
Nielsen's latest statistics for the U.S. smartphone market in June show that current trends are firmly in place.
The crash was due to a "signal failure," according to Chinese officials.
Microsoft's latest Windows Phone OS (codenamed Mango) is set to launch this fall, which is around the same time Apple Inc.'s iOS 5 comes. But can Mango be sweeter than Apple iOS 5?
With America edging ever closer to a default, and a downgrade in the US credit rating, some realizations are starting to hit America's youth about their future. The consequences of the partisan squabbling of their parents' generation may leave them with little to inherit and much to despise.
