US budget crisis puts markets on storm alert

Oct 06

US budget crisis puts markets on storm alert

Charts showing the performance of the US dollar and the Dow Jones index during this week's budget crisis(©AFP Graphics) The US budget crisis began as a side issue for financial markets, but is now centre stage and could get worse before a last-minute solution averts deep damage to global recovery, analysts say. The deadlock and shutdown of many federal...

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Prosecutors want Silk Road mastermind to remain jailed

Oct 04

Prosecutors want Silk Road mastermind to remain jailed

A pile of Bitcoins are shown here after Software engineer Mike Caldwell minted them in his shop on April 26, 2013 in Sandy, Utah(©Getty Images/AFP) Prosecutors on Friday told a federal judge that the mastermind of the nefarious online bazaar Silk Road is too dangerous to be freed on bail. Ross William Ulbricht, also known as “Dread Pirate Roberts,”...

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In IPO, Twitter seeks to be 'anti-Facebook'

Oct 04

In IPO, Twitter seeks to be 'anti-Facebook'

Graphic fact file on Twitter, seeking to raise $1 billion in its initial public offering(©AFP) Twitter’s $1 billion stock offering suggests a cautious Wall Street debut by the popular messaging platform, careful to avoid the mistakes made by its larger counterpart Facebook last year, say analysts. “The surprise is that they are doing such a small...

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Pakistani journalist kidnapped in tribal area

Oct 04

Pakistani journalist kidnapped in tribal area

Pakistani soldiers stand on a secured location in troubled South Waziristan, on November 17, 2009(©AFP/File) Gunmen have kidnapped a journalist from one of Pakistan’s tribal areas on the Afghan border, where Taliban militants are active, relatives said Friday. Lal Wazir, 38, who works for a local newspaper in the South Waziristan town of Azam Warsak was...

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As Twitter goes public, a look at other tech IPOs

Oct 03

As Twitter goes public, a look at other tech IPOs

Twitter's brand marks are seen as of the speakers during their press conference in Sao Paulo, Brazil on Februrary 20, 2013(©AFP/File) Twitter, which on Thursday disclosed its plans to go public, is the latest US technology company to test the waters on Wall Street. Here is a look at the fortunes of some other notable tech companies which have conducted...

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Silk Road wound through dark side of the Internet

Oct 03

Silk Road wound through dark side of the Internet

Bitcoin's minted to reveal a code are displayed in a shop on April 26, 2013 in Sandy, Utah(©GETTY IMAGES NORTH AMERICA/AFP/File) There is a dark side to the Internet, and it can be used for evil as well as for good. A massive online bazaar hawking narcotics, weapons, forgeries, and other illicit items or services operated openly for years by relying on tools...

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New app turns Van Gogh fans into art detectives

Oct 03

New app turns Van Gogh fans into art detectives

A gallery assistant poses with Vincent van Gogh, Self-portrait (December 1886-January 1887), during an exhibition preview in London on September 25, 2013 (©AFP Photo/File) Amsterdam’s Van Gogh Museum on Thursday launched a new app for tablets allowing users to turn “art detective” when looking at the Dutch master’s paintings. The...

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