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Samsung rejects claims of Galaxy Note defect SEOUL: Samsung on Wednesday rejected claims that its new oversized smartphone had a defect, after some customers posted pictures of a gap between the frame and display panel.The South Korean electronics giant, which had poked fun at rival Apple over reports that its new iPhone model was susceptible to bending, said the "Gapgate" complaints concerning the Galaxy Note 4 were groundless.After the "phablet" went on sale in China and South Korea on Friday, a number of South Korean users posted or tweeted pictures showing how a business card could be inserted between the display panel and the frame.Some warned the gap would collect dirt and might even allow fluid into the device.Samsung insisted the gap was a natural part of design that "does not impact the functionality or quality" of the phone. "We assure our customers that all Galaxy Note 4 units meet our strict manufacturing and quality control standards," ...

Paris motor show revs up with arrival of legendary Mustang PARIS: The long-awaited arrival of the Ford Mustang in Europe and an experimental car that will put gas-guzzlers to shame -- the Paris motor show kicks off this week with renewed optimism after a mammoth industry crisis.More than a million visitors are expected to flock to the 16-day mecca for car enthusiasts from October 4 at a giant exhibition hall in the French capital where more than 70 auto manufacturers will be showcasing their latest ...
Inida's Maruti recalls nearly 70,000 cars over faulty wiring NEW DELHI: India's biggest carmaker Maruti Suzuki India announced Tuesday it was recalling almost 70,000 of its popular sedans and hatchbacks due to a wiring problem.Maruti, which is majority-owned by Japan's Suzuki Motor Corp, said 69,555 of its older models of Dzire sedan, Swift and Ritz hatchbacks sold locally were being recalled for repairs. "Maruti Suzuki India Limited today announced that it will proactively inspect and repair the wiring harness fitment of 69,555 diesel vehicles ...
Lufthansa pilots' 15-hour strike affects 9,000 travellers FRANKFURT: Lufthansa pilots threatened further strike action on Tuesday as they began a 15 hour walkout at Frankfurt airport in a row with management over retirement benefits that stretches back two years.The pilots, represented by union Vereinigung Cockpit (VC), are striking from 0600 to 2100 GMT on long-haul routes from Frankfurt, Europe's third-largest airport and Lufthansa's main hub.The strike, affecting around 9,000 travellers, is the longest since a three-day nationwide walkout in April, and the ...
EU says Apple's Irish tax deals breach rules BRUSSELS: The European Union on Tuesday set out its case against Apple's sweetheart tax deals with Ireland, saying it believed they breached its rules on receiving state aid and give the US tech giant an unfair advantage.Brussels released a letter which the EU's competition commissioner sent to the Irish government in June formally giving its reasons for opening an investigation into Dublin's arrangements with Apple.The letter from Joaquin Almunia said the Irish government's treatment of ...
Sanofi posts positive results for drug in chronic sinusitis PARIS: Sanofi and its US partner Regeneron on Tuesday unveiled positive mid-stage trial results for their experimental drug dupilumab in patients with chronic sinusitis with nasal polyps. In a Phase IIa trial, the injectable drug met all primary and secondary endpoints in affected patients who did not respond to intranasal corticosteroids, Sanofi said in a statement. Dupilumab is also being tested by the drugmakers against two other allergic conditions - atopic dermatitis and asthma. Copyright ...
Canada demands Google, Netflix data, sets deadline: reports OTTAWA: Canada's broadcast regulator on Monday gave American companies Google and Netflix a three-day deadline to turn over subscriber data or have their testimony expunged from a major public hearing, media reported.The Canadian Radio-television and Telecommunications Commission (CRTC) has been in a rare showdown with the Internet giants, after they refused to share the data earlier this month.The CRTC has been holding a series of hearings on the future of television regulation in Canada, after ...


ArrowDJIA 17,042.90 0.17
ArrowNasdaq 4,493.39 0.28
ArrowS&P 1,972.29 0.28
ArrowFTSE 6,622.72 0.36
ArrowDAX 9,474.30 0.55
ArrowCAC-40 4,416.24 1.33
ArrowNikkei 16,173.52 0.84
ArrowH.Seng 22,932.98 1.28
ArrowSensex 26,630.51 0.13

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln