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Starbucks 'gives away' drinks after US system outage WASHINGTON: There may be no such thing as a free lunch, but fear not because there was free coffee supposedly going at Starbucks in North America on Friday after a major computer glitch.Thousands of people flooded Twitter to boast that they paid nothing for their caffeine fix, while others complained that they had not been so lucky and had been asked to leave the store because it was closing early.A few said they were heading straight to their nearest Starbucks to take advantage of the apparent generosity and social media lit up at the prospect."Thanks @Starbucks for the free drinks. You guys rock. The tills should be down more often. Hahaha," the user @whoisDannyD wrote.Another on Twitter, @CrystalYiDeRan, wrote: "Heard starbucks is giving away free drinks since their system is down so my coworker and I closed the store to get some."The coffee giant said in a statement: "We are ...

AstraZeneca insists Celgene deal about strategy, not cash LONDON: AstraZeneca is getting a $450 million windfall by letting Celgene develop a prized immunotherapy drug for blood cancers but its chief executive insists the deal is about strategy, not cash. Some investors are worried about the drugmaker's reliance on such "externalisation" deals to fill a short-term revenue gap.Deutsche Bank analyst Richard Parkers said income from these agreements was of "questionable sustainability".Chief Executive Pascal Soriot, however, said he had been looking for a partner in ...
Thailand's Total Access Communications profit falls by a third BANGKOK: Total Access Communication PCL (TAC), Thailand's second-largest mobile group, on Friday said first-quarter net profit fell 31 percent due to higher marketing and other costs.The results show the impact of fierce competition in Thailand's mobile market, where companies have increased spending on marketing, handset discounts and promotions against a backdrop of weak consumption and slow economic growth.TAC, controlled by Norway's Telenor ASA, made a profit of 2.29 billion baht ($70 million) for the January-March ...
Apple wins patent appeal in China BEIJING: Apple has won an appeal in China over patent rights to voice recognition software such as the iPhone's "Siri", with a court overruling an earlier decision that had gone against the US technology giant.The legal battle begun in 2012 when Shanghai-based Zhizhen Network Technology pursued Apple for allegedly infringing its Chinese patent with Siri, its "intelligent personal assistant".Siri responds to a user's commands through voice recognition software and made its formal debut with the ...
Kia Motors Q1 net profit up 3.1pc SEOUL: Kia Motors Corp., South Korea's second-largest automaker, said Friday its first quarter net profit rose slightly from a year earlier despite falls in sales revenue. Net income came to 903.2 billion won (US$835.9 million) during the January-March period, up 3.1 percent from a year earlier, the company said in a regulatory filing.But operating profit plunged 30.5 percent on-year to 511.6 billion won, while sales revenue was down 6.3 percent at 11.18 trillion won."Currency losses ...
Google search mobile switch a revolution for some PARIS: Google's latest Internet revolution this week saw the web giant modify its search algorithm to favour mobile-friendly sites, in a bid to upstage Apple that US media branded a "mobilegeddon".US technology website WIRED described Tuesday's algorithm switch as "likely the biggest change of the past three years."And it's reminder of the wonderfully magnanimous yet deeply selfish way that Google uses its market power to accelerate changes across the rest of the Internet," it added.The ...
Google quarterly profit edges up on revenue surge NEW YORK: Google said Thursday first-quarter profit edged higher from a year ago as the Internet giant reported a healthy rise in advertising revenues.Net profit rose four percent from a year earlier to $3.59 billion, while revenue surged 12 percent to $17.3 billion, led by gains from online advertising.Like other global firms, Google saw its results hit by the strong dollar.Chief financial officer Patrick Pichette said that on a constant-currency basis, revenue grew 17 percent ...


Index Closing Chg%
Arrow DJIA 18,070.40 1.26
Arrow Nasdaq 5,016.93 0.23
Arrow S&P 2,114.49 0.29
Arrow FTSE 6,985.95 0.36
Arrow DAX 11,619.85 1.44
Arrow CAC-40 5,081.97 0.70
Arrow Nikkei 19,531.63 0.06
Arrow H.Seng 28,133.82 0.03
Arrow Sensex 27,490.59 1.77

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln