British chip designer ARM Holdings and its partners Gemalto and Giesecke & Devrient have launched a new security standard for smartphones that can speed up e-commerce transactions.Trustonic, a joint venture between the companies formed in April, said the security standard could be built into every level of a device, from the chip through the operating system to applications.Ben Cade, Trustonic's...
Online shopping to breathe new life into run-down sheds
Labels: TechOwners of run-down warehouses on the edge of European cities could be sitting on goldmines because online shopping will force firms to seek distribution sites closer to customers who think speedy delivery is the norm.In an increasingly fierce market where the likes of Amazon and Tesco pledge next-day or same-day delivery in specific time slots, warehouse rents could rise 40 percent over the next decade,...
Dec
26
Home prices rose in ninth straight month: S&P
Labels: BusinessSingle-family home prices rose in October for nine months in a row, reinforcing the view the domestic real estate market is improving and should bolster the economy in 2013, a closely watched survey showed on Wednesday.The S&P/Case Shiller composite index of 20 metropolitan areas gained 0.7 percent in October on a seasonally adjusted basis, stronger than the 0.5 percent rise forecast by economists...
US economy could handle short fall over 'cliff'
Labels: BusinessThe economic threat that's kept many Americans on edge for months is nearing reality — unless the White House and Republicans cut a budget deal by New Year's Day.Huge tax increases. Deep cuts in domestic and defense programs. The likelihood of sinking stock prices, reduced consumer spending and corporate layoffs. The risk of a recession within months.Still, the start of 2013 may turn out to be far...
Egypt's contentious Islamist constitution becomes law
Labels: Business President Mohamed Mursi admitted on Wednesday that Egypt's economy faces serious problems after he enacted a new, bitterly contested constitution that is supposed to help end political unrest and allow him to focus on the financial crisis.The president said the economy also had great opportunities to grow, but earlier the Egyptian pound tumbled to its weakest level in almost eight years as ever...
Washington stirs for "fiscal cliff" talks as Obama heads home
Labels: Business Efforts to prevent the U.S. economy from going over a "fiscal cliff" stirred back to life on Wednesday with less than a week to go before potentially disastrous tax hikes and spending cuts kick in at the New Year.In a sign that there may be a way through deadlock in Congress, Republican House of Representatives Speaker John Boehner urged the Democrat-controlled Senate to act to pull back from...
Asian markets rise amid optimism over Japan
Labels: Business Japanese stocks surged to their highest level this year as Asian markets rose Thursday on optimism a new Japanese government will stimulate its sluggish economy.Oil gained in Asian trading to stay above $90 a barrel as markets in Hong Kong and Australia reopened after a two-day Christmas break.Tokyo's benchmark Nikkei 225 index rose 1.3 percent to 10,368.5. That added to Wednesday's 1.5 percent...
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