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Google super-fast US Internet service spreads SAN FRANCISCO: Google's super-fast Internet service -- up to 100 times quicker than basic broadband -- is heading for four more US metropolitan areas as the technology titan ramps up pressure on cable service giants.A Google Fiber program launched nearly five years ago will expand to 18 cities in the Atlanta, Charlotte, Nashville and Raleigh-Durham areas."We can't wait to see what people and businesses across the southeast US do with gigabit speeds," Google Fiber vice president Dennis Kish said in a blog post announcing the expansion Tuesday.Google Fiber is live in Kansas City, Provo and Austin.Google is meanwhile working on a new generation of applications designed to capitalize on Internet speeds available using Fiber, but did not disclose details."Today, we aren't the only ones talking about gigabit broadband," Kish said."From the White House to main street, a chorus of new voices is standing up for speed."Some US telecommunications firms stepped ...

Global oil downturn hits Caterpillar Q4 earnings NEW YORK: US heavy equipment maker Caterpillar said Tuesday that the plunge in oil prices took a hit on the company's earnings in the fourth quarter of 2014.It also said it did not expect much of an upturn this year, with mining commodities still in a slump as the global economy grows slowly and with sweeping cutbacks in investment by the oil industry.The company reported a slight decline in fourth quarter revenues from a year ...
Donors pledge $7.5bn to extend child vaccine drive BERLIN: Countries and private donors have pledged $7.5 billion (6.6 billion euros) to help immunise 300 million more children in developing countries over the next five years, a major vaccine alliance announced Tuesday.The Global Alliance for Vaccines and Immunisation (GAVI) announced it had just slightly exceeded its "bold" request for funding for 2016 to 2020 at a two-day pledging conference in Berlin.The funding will help the alliance, created in 2000 as an international public-private partnership, ...
Brazil steel plant closes, cuts 770 jobs SAO PAULO: A steel plant making precision tubing in Brazil's Sao Paulo state closed its doors and laid off 770 workers, who are demanding unpaid wages, union sources said Tuesday.Workers at the MTP plant in the city of Guarulhos, which manufactures parts for the auto industry, held a vigil outside the site to protest the job cuts and demand back pay and benefits they say the company owes them, union vice-chairman Josinaldo Jose de Barros ...
Aer Lingus backs fresh IAG takeover bid LONDON: Irish airline Aer Lingus on Tuesday backed a 1.35 billion euro ($1.51 billion) takeover bid from International Airlines Group, parent of British Airways and Iberia, in a deal aimed at slashing costs.Aer Lingus announced that its board was "willing to recommend" IAG's improved proposal -- its third since December -- subject to certain conditions.The Dublin-based airline announced the news a day after revealing that IAG had submitted a sweetened proposal worth 2.55 euros per ...
Twitter woos users with group chat and video features SAN FRANCISCO: Twitter on Tuesday began rolling out new group chat and video features as it worked to ramp up use of the one-to-many messaging service."Private conversations on Twitter are a great complement to the largely public experience on the platform," product director Jinen Kamdar, whose handle is @jinen, said in an online post."The group function lets you start conversations with any of your followers and they don't all need to follow one another in ...
Novartis profits jump 12pc on new drug sales ZURICH: Swiss pharmaceuticals giant Novartis said Tuesday strong sales of new products helped push its net profit up 12 percent last year despite harsh competition from cheaper copycat generic drugs.During 2014, the Basel-based company said its net profit rose to $12.7 billion, while sales rose one percent year-on-year to $57.9 billion.The results were largely in line with expectations, with analysts polled by the AWP financial news agency anticipating a net profit of $12.7 billion on ...


Index Closing Chg%
Arrow DJIA 17,409.00 1.31
Arrow Nasdaq 4,683.41 0.98
Arrow S&P 2,017.30 0.95
Arrow FTSE 6,810.60 0.22
Arrow DAX 10,737.87 0.25
Arrow CAC-40 4,631.43 0.44
Arrow Nikkei 17,606.22 1.06
Arrow H.Seng 24,595.85 1.07
Arrow Sensex 29,681.77 0.41

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln