Thu, Jan 09, 2014 - Page 15 News List

World Business Quick Take

Agencies

TRADE

German trade surplus grows

Germany’s trade surplus expanded in November as exports grew while imports contracted, rising to 17.8 billion euros (US$24.2 billion) in November from 16.7 billion euros in October, official data showed yesterday. In seasonally adjusted terms, Germany exported goods worth 93.2 billion euros in November, up from 92.9 billion euros in October, the German federal statistics office Destatis said in a statement. Imports, on the other hand, declined by 1.1 percent to 75.4 billion euros from 76.2 billion euros.

ECONOMY

IMF raises global forecast

The IMF will revise upward its global growth forecast in about three weeks, managing director Christine Lagarde said on Tuesday in Nairobi. “We will be revising upwards the global forecast of the economic growth,” she told a press conference in the Kenyan capital, adding that it would be premature to say any more. In October, the IMF said it expected the global economy to grow 2.9 percent year-on-year last year and 3.6 percent this year.

TECHNOLOGY

Mobile system announced

A new smartphone operating system developed by a global collaboration of tech firms to rival Google’s Android and Apple’s iOS will be launched in the next few months, Japanese mobile phone operator NTT DoCoMo said yesterday. The open-source system called Tizen is based on Linux and is expected to be installed on mobile phones that are sold from the end of March, NTT DoCoMo spokesman Jun Otori told AFP. The consortium that makes up the Tizen Association includes US giant Intel, Japan’s Fujitsu, South Korea’s Samsung and LG, China’s Huawei (華為), and European mobile carriers Vodafone and Orange.

MEDIA

Yahoo launches magazines

Yahoo on Tuesday dove deeper into being an Internet Age media company, bringing in news, music and television stars for the launch of online magazines focused on technology and food. The fresh online offerings were showcased by Yahoo chief executive Marissa Mayer during a Consumer Electronics Show keynote presentation at a packed theater in Las Vegas. Late last year, Yahoo had more than 400 million mobile monthly users for the first time in the Internet pioneer’s history.

RESEARCH

Nestle readies brain tests

Nestle SA is set to enter a biotechnology partnership with Cellular Dynamics International (CDI) to study the relationship between diet and disease, the Wall Street Journal reported. The maker of Kit Kat chocolate bars and Maggi soups will take brain and liver cells from CDI to study the effect of nutrients found in foods, the Journal cited Emmanuel Baetge, director of the Nestle Institute of Health Sciences, as saying in an interview. Madison, Wisconsin-based CDI develops and manufactures human cells in industrial quantities to precise specifications for customers to research cellular therapeutics, among other uses.

AUTOMAKERS

Ford CEO staying put

Ford chief executive Alan Mulally, who was rumored to be in the running to become Microsoft’s next leader, told The Associated Press on Tuesday that he will not leave the automaker before the end of this year. “I would like to end the Microsoft speculation because I have no other plans to do anything other than serve Ford,” he said in an interview. Mulally said he will stick with his plan to stay at Ford through at least the end of this year.

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