Mon, Jun 06, 2011 - Page 10 News List

World Business Quick Take

Agencies

TECHNOLOGY

Jobs to host conference

Apple chief executive Steve Jobs is taking a break from medical leave today to preside over the opening of the company’s annual conference for software developers. And in a break from Apple’s usual practice of shrouding its events in an air of mystery, the California gadget-maker this time revealed ahead of time some of what it plans to announce at the event in San Francisco. In a press release, Apple said Jobs and other executives will unveil the next generation of Lion, the software that powers Macintosh computers, and iOS 5, the next version of the mobile operating system for the iPad, iPhone and iPod Touch. Apple described the previously unknown iCloud as its “upcoming cloud services offering,” but provided no further details of what awaits at the annual Worldwide Developers Conference.

TECHNOLOGY

Hackers target Nintendo

Nintendo was targeted in a recent online data attack, but no personal or company information was lost, the Japanese maker of the Wii game console said yesterday. The server of an affiliate of Nintendo Co’s US unit was accessed unlawfully a few weeks ago, but there was no damage, company spokesman Ken Toyoda said. “There were no third-party victims,” Toyoda said, while declining to elaborate. “But it is a fact there was some kind of possible hacking attack.” The damage from what could be a recent spate of such data breaches targeting big-name brands was more serious at rival Sony Corp.

MARKETS

Regulator optimistic on MSCI

The United Arab Emirates’ (UAE) stock market regulator is “optimistic” about an upgrade at MSCI Inc, said Abdullah Al Turaifi, chief executive officer of the Emirates Securities & Commodities Authority. He was speaking in Abu Dhabi yesterday. Index provider MSCI will announce on June 21 its decision on whether to upgrade the UAE and Qatar to emerging market status from frontier market status.

FOODSTUFFS

Asda to make Iceland bid

Asda, the UK supermarket chain owned by Wal-Mart Stores Inc, plans to bid for Iceland Foods Ltd, the UK-based frozen-food chain, the Sunday Times reported, without saying where it got the information. William Morrison Supermarkets PLC and Malcolm Walker, the chief executive officer of Iceland Foods, are also interested in buying the company, which is being sold by creditors of the failed Icelandic bank Landsbanki Islands HF, the newspaper reported. Iceland Foods is valued at between £1.2 billion (US$2 billion) and £1.6 billion, the Sunday Times said.

ITALY

Ease budget: Berlusconi ally

One of Prime Minister Silvio Berlusconi’s closest political allies called yesterday for tight clamps on public spending to be eased to boost growth, dismissing fears of a Greek-style budget crisis. In an interview with the daily La Repubblica, Culture Minister Giancarlo Galan, a Berlusconi loyalist since the billionaire media entrepreneur began his political career in 1994, attacked Economy Minister Giulio Tremonti. “I am absolutely convinced that if we don’t change course as far as economic policy is concerned, we will lose the elections,” he said. “We may get to 2013 [when elections are due,] but we would be a government without any consensus in a country with its accounts in order.” The comments are the latest to point to division in Berlusconi’s center-right government over economic policy and the position of Tremonti.

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