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LG, Google strike patent-sharing deal

LG, Google strike patent-sharing deal

LG Electronics said Wednesday it had signed a long-term cross-licence deal with Google as the South Korean firm tries to expand its smartphone business. The deal covers patents on a “broad range of products and technologies” that already exist and will be filed in the next 10 years, the two firms said in a joint statement. Samsung — LG’s home […]

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Google going where no search engine has gone before: Amit Singhal

Google going where no search engine has gone before: Amit Singhal

Google search guru Amit Singhal believes the search-engine of the future will be “a perfect personal assistant” — knowing what you want, when you want it. Although people can travel to the moon’s surface without leaving their armchairs, search-engine developments so far are just “baby steps” to “the holy grail of search”, Singhal told AFP in a rare interview. Singhal, […]

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Putin, Obama Informal Meeting Possible at APEC, G20 Summits

Putin, Obama Informal Meeting Possible at APEC, G20 Summits

Moscow is not ruling out the possibility of informal meetings between Russian President Vladimir Putin and his US counterpart Barack Obama at the Asia-Pacific Economic Cooperation (APEC) and G20 summits, but separate meetings have not been planned, Kremlin spokesperson Dmitry Peskov told RIA Novosti Wednesday. “The leaders communicate at international summits one way or another, but separate bilateral meetings of […]

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Georgian Foreign Minister Panjikidze Announces Resignation

Georgian Foreign Minister Panjikidze Announces Resignation

Georgia’s Foreign Minister Maia Panjikidze announced her resignation at a briefing Wednesday. “Presented here are [First Deputy Foreign Minister] David Zalkaliani, [Deputy foreign ministers] Tamar Beruchashvili, Vladimir Gurgenidze and we are also joined by Davit Jalagania, who is currently in Cuba on an official visit. We are leaving our present posts, we are leaving our political coalition of the Gruzinskaya […]

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Marks and Spencer clothing sales hit by warm September

Marks and Spencer clothing sales hit by warm September

British retailer Marks and Spencer posted mixed half-year profits on Wednesday as warmer-than-expected weather dented demand for autumn-style clothing, while its food unit reported strong sales. Net profit dropped 8.5 percent to £228.3 million ($364 million, 291 million euros) in the six months to late September compared with the equivalent period in 2013, M&S said in an earnings statement. Underlying […]

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India minister says economic reform a ‘long journey’

India minister says economic reform a ‘long journey’

Reforming India’s flagging economy will be a “long journey”, the country’s finance minister told foreign investors on Wednesday, playing down the prospect of “big-bang” changes. Arun Jaitley warned there were no quick fixes for India’s economic problems, telling delegates at the India World Economic Forum that reform was not “really about one or two big-bang ideas”.  Instead, the government would […]

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ING says to pay off bail-out loan ahead of time

ING says to pay off bail-out loan ahead of time

Leading Dutch bank ING announced Wednesday it would repay a multi-billion-euro loan from the Dutch state ahead of time, as it posted a nearly eight-fold jump in quarterly profits.  The Amsterdam-based ING posted 928 million euros ($1.16 billion) in third-quarter net profit, up from 128 million euros over the same period last year, a statement said. ING said that based […]

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European stocks rebound at open

European stocks rebound at open

European stock markets rose at the start of trading Wednesday, with London’s FTSE 100 index gaining 0.67 percent to 6,497.28 points, clawing back some of the previous day’s heavy losses. Frankfurt’s DAX 30 gained 0.78 percent to 9,238.07 points and in Paris the CAC 40 climbed 0.81 percent to stand at 4,163.51 compared with Tuesday’s closing value. European markets had […]

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French court to rule on S.Korea ferry owner’s daughter

French court to rule on S.Korea ferry owner’s daughter

A French court was due Wednesday to decide whether to extradite on embezzlement charges the daughter of the South Korean tycoon blamed for a ferry disaster that killed more than 300 people. Yoo Som-Na is wanted in South Korea on suspicion that she embezzled some six million euros ($7.5 million) from subsidiaries owned by the family company Chonghaejin Marine Co. […]

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Brent crude oil reach lowest point in 4 years

Brent crude oil reach lowest point in 4 years

 (AA) – Brent crude oil price, the leading global benchmark for oil trading, has reached its lowest point in four years on Wednesday morning, according to official figures. Brent crude oil price reached $81.88 on Wednesday morning and soon later fell further to $81.78 at 8:35 am GMT. Experts believe that the sudden fall in oil prices is a result of Saudi Arabia securing more market share by increasing its official selling price for Asia […]

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