02142016Sun
Last update: Sun, 14 Feb 2016 03pm

Business & Finance - Industries & Sectors

Adobe Flash’s march towards death It can be argued that Adobe Flash’s days are numbered, as Google have announced that beginning on June 30, display ads built on Flash would no longer be uploaded to AdWords or DoubleClick, the search engine’s two biggest products.Whereas, as of January 2nd, 2017, display ads in the Flash format will no longer run on the Google Display Network or through DoubleClick, Google announced through a post on Google +.The announcement indicates that the days of Flash on the web are truly coming to an end. Despite, Flash being a major force in the development of the modern internet, the technology has become too obsolete.According to Mashable, Flash has become a frequent vulnerable target, it is almost nonexistent on the mobile, which has left the once leading technology with no real future.Flash longevity on the web, could be assigned to the plenty of advertisers that still use it to serve ...


Business & Finance - Industries & Sectors

Nokia profit fell in 2015 ahead of Alcatel-Lucent acquisition HELSINKI: Finnish telecom equipment giant Nokia's net profit fell by 29 percent in 2015, to 2.45 billion euros ($2.8 billion) ahead of acquiring its French-American rival Alcatel-Lucent, the company said on Thursday.The drop was due to the 2014 results including 5.4 billion euros Nokia gained from selling its unprofitable handset unit to Microsoft.But the company said operating profit grew last year by 20 percent and its net revenue by six percent.Nokia has just gone through ...

Business & Finance - Industries & Sectors

Adidas optimistic for year after beating 2015 targets FRANKFURT: Adidas said Thursday that it performed better than expected in 2015 and is confident for this year, even if the US market still appears to be something of an Achilles' heel for the German maker of sportshoes and equipment."Based on preliminary unaudited figures for 2015, the Adidas group exceeded its top- and bottom-line financial targets in the past financial year," it said in a statement. In 2015, group sales grew by 16 percent to ...

Business & Finance - Banking & Finance

Sweden cuts key interest rate to -0.5pc: central bank STOCKHOLM: Sweden's central bank on Thursday cut its key interest rate by 15 basis points to a new all-time low of -0.5 percent, citing the risk of slowing inflation and falling confidence in its monetary policy.The bank moved its key rate into negative territory in February 2015 in a bid to encourage spending amid three years of stagnant prices despite strong growth.Copyright AFP (Agence France-Presse), 2016

Business & Finance - Banking & Finance

Societe Generale 2015 net profit up almost 50pc PARIS: French bank Societe Generale on Thursday reported net profits rose almost 50 percent to 4.0 billion euros ($4.5 billion) in 2015, compared to a year earlier.The results beat analyst expectations, but France's second-largest bank warned it would fall short of its target for a 10-percent return on equity this year due to tighter regulations and a difficult economic environment. The board expects to offer a dividend of two euros per share at the next ...

Business & Finance - Industries & Sectors

Twitter bleeds as it loses customers The facts are hard to digest but Twitter Inc, one of the planet’s most popular websites is losing customers.The social media platform revealed that it lost 2 million users in the last three months of 2015. Twitter shares plummeted as much as 12 percent in after-hours trading.According to CNN, Twitter which is still not been able to recover from the departure of four key executives in late January, reported that it had 305 million monthly ...

Business & Finance - Industries & Sectors

Zuckerberg slams Andreessen “deeply upsetting” comments Mark Zuckerberg, was extremely disappointed over the comments made by Marc Andreessen, Facebook influential board member, which appeared to support the colonization of India."I found the comments deeply upsetting, and they do not represent the way Facebook or I think at all," wrote Zuckerberg in a Facebook post on Twitter.The comments by Andreessen came after India rejected Facebook, Free Basics program, which offered free access to a limited set of Internet sites.Andreeessen, however, later apologized ...