■ Exchange talks break down
Stock exchange operator Deutsche Boerse AG said on Tuesday it had suspended further talks with the Milan-based Borsa Italiana about a joint approach for the consolidation of European exchanges. Deutsche Boerse said that during the course of talks about signing a letter of intent, an agreement over "certain key issues" arose and could not be overcome. Neither company identified those issues. Last month, Borsa Italiana signed the letter of intent to create a European federation of exchanges that aimed to include Euronext NV, which operates the Paris, Amsterdam, Brussels and Lisbon exchanges.
■ Internet
Yahoo tests ad software
US Internet search giant Yahoo began testing new software on Tuesday to expand the use of banner-style online advertising from desktop computers to mobile telephones. The software is designed to project small graphic advertisements onto the screen of a mobile phone and has been tailored for Yahoo's Mobile Web service in the US. The service allows users to access
e-mail, Internet search and news functions and the first image-oriented ads are due to go live this week. The ads will be visible as images across the top of a mobile phone screen.
■ Aerospace
Airbus posts quarterly loss
The European aerospace group EADS registered losses in the third quarter because of delivery delays for the new Airbus A380 superjumbo, it announced yesterday. The group suffered a net loss of 195 million euros (US$249 million) against a profit of 279 million euros for the same period a year earlier. Operating losses were 239 million euros, against operating profits of 559 million euros a year earlier. Over nine months, the group realized operating profits of 1.399 billion euros against 2.099 billion euros for the same period last year. FedEx, the world's largest express delivery group, on Tuesday became the first customer to abandon the much-delayed A380.
■ Aviation
Malaysia boosts facilities
Malaysia's budget airline terminal will get a boost with plans to build a railway line connecting it to the main international airport, the Star said yesterday. Deputy Prime Minister Najib Razak was quoted by the newspaper as saying the Cabinet has agreed to link the low-cost terminal to the main Kuala Lumpur International Airport by train, which will cut the journey to 11 minutes compared to 20 minutes by bus. The nation launched its 108 million ringgit (US$29 million) low-cost terminal in March as part of efforts to become a regional aviation hub.
■ Computers
Dell launches business line
Dell yesterday introduced a set of simplified, energy-saving business computers designed to enhance performance while reducing operating costs. Dell's offerings included the company's first business desktop computer built with AMD chips, and servers that used recently-introduced quad-core processors from AMD's Silicon Valley rival Intel. "It is about customers wanting to have some flexibility in what is available to them," Dell product manager Rick Perez said. "A lot of customers are getting comfortable with using AMD on the server side," he said. The computers are compatible with Microsoft's Vista operating system.
Right-wing political scientist Laura Fernandez on Sunday won Costa Rica’s presidential election by a landslide, after promising to crack down on rising violence linked to the cocaine trade. Fernandez’s nearest rival, economist Alvaro Ramos, conceded defeat as results showed the ruling party far exceeding the threshold of 40 percent needed to avoid a runoff. With 94 percent of polling stations counted, the political heir of outgoing Costa Rican President Rodrigo Chaves had captured 48.3 percent of the vote compared with Ramos’ 33.4 percent, the Supreme Electoral Tribunal said. As soon as the first results were announced, members of Fernandez’s Sovereign People’s Party
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to make advanced 3-nanometer chips in Japan, stepping up its semiconductor manufacturing roadmap in the country in a triumph for Japanese Prime Minister Sanae Takaichi’s technology ambitions. TSMC is to adopt cutting-edge technology for its second wafer fab in Kumamoto, company chairman C.C. Wei (魏哲家) said yesterday. That is an upgrade from an original blueprint to produce 7-nanometer chips by late next year, people familiar with the matter said. TSMC began mass production at its first plant in Japan’s Kumamoto in late 2024. Its second fab, which is still under construction, was originally focused on
EMERGING FIELDS: The Chinese president said that the two countries would explore cooperation in green technology, the digital economy and artificial intelligence Chinese President Xi Jinping (習近平) yesterday called for an “equal and orderly multipolar world” in the face of “unilateral bullying,” in an apparent jab at the US. Xi was speaking during talks in Beijing with Uruguayan President Yamandu Orsi, the first South American leader to visit China since US special forces captured then-Venezuelan president Nicolas Maduro last month — an operation that Beijing condemned as a violation of sovereignty. Orsi follows a slew of leaders to have visited China seeking to boost ties with the world’s second-largest economy to hedge against US President Donald Trump’s increasingly unpredictable administration. “The international situation is fraught
DETERRENCE EFFORTS: Washington and partners hope demonstrations of force would convince Beijing that military action against Taiwan would carry high costs The US is considering using HMAS Stirling in Western Australia as a forward base to strengthen its naval posture in a potential conflict with China, particularly over Taiwan, the Wall Street Journal reported on Saturday. As part of its Indo-Pacific strategy, Washington plans to deploy up to four nuclear-powered submarines at Stirling starting in 2027, providing a base near potential hot spots such as Taiwan and the South China Sea. The move also aims to enhance military integration with Pacific allies under the Australia-UK-US trilateral security partnership, the report said. Currently, US submarines operate from Guam, but the island could
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