Wall Street Journal

Google likely to buy stake in Taiwan smartphone maker HTC

Taipel - AFP

Google is set to announce it is buying part of Taiwan-based smartphone maker HTC, the Wall Street Journal reported Wednesday. The deal for HTC's smartphone design unit would give the US tech giant more control of its mobile handset hardware as it seeks to bolster its challenge to market leaders including Apple and Samsung. Google did not respond to anRead more

News Corp swings to loss on write-downs

London - AFP

News Corp, the publishing arm of Rupert Murdoch's corporate empire, swung to a loss in the last quarter, forced to write down the values of its Australian newspapers. The New York-based company -- whose newspaper assets also include the Wall Street Journal and Times of London -- reported a loss of $290 million in the fiscal quarter ending DecemberRead more

House speaker denies selling state-owned infrastructure enterprises

Cairo - Arab Today

Speaker of the House of Representatives Ali Abdel Aal on Monday state-owned infrastructure enterprises will not be sold. Addressing a parliamentary session, Abdel Aal added that there are rules -stipulated by the Constitution and the law- for the government to sell any state-owned infrastructure enterprise, including an approval of the House of Representatives. Earlier this week, the International Cooperation MinistryRead more

WSJ: U.S. prepares to help people fleeing Mosul

New York - Arab Today

The US expects up to 700,000 people to be displaced in the fight to drive Daesh group from Mosul and has positioned stocks of food and supplies on the outskirts of Iraq’s second-largest city, senior administration officials were quoted by the Wall Street Journal as saying Monday. Underscoring concerns about humanitarian fallout from the battle, Iraqi troops discovered what couldRead more

US author: Putin exploits tense Syrian situation to own benefit

New York - MENA

Russian President Vladimir Putin is exploiting the tense situation in Syria to his own benefit, Aaron David Miller wrote in the Wall Street Journal of Tuesday. Putin seems to have seen an opportunity after US and coalition airstrikes over the weekend mistakenly killed at least 62 Syrian government soldiers and wounded a hundred other people–instead of hitting intended Islamic StateRead more

Wall Street Journal: European prisons fueling radicalism spread

New York - Arab Today

European prisons fuel radicalism among the prisoners, said the Wall Street Journal, referring to the Paris terror suspect Salah Abdeslam who was transferred to a prison cell in France where the paint on the walls was still fresh. Prison staff had spent three weeks renovating the space, bolting down furniture and installing video cameras to make sure the 26-year-old’s solitaryRead more

Data good enough to dispel doubt over China's economy

Beijing - XINHUA

Western media has once again raised doubts on China's ability to transform its economy and achieve sustainable growth. A closer look at the numbers, however, paint a much different picture. Recent data point to positive changes in China's economy, including a shift in growth drivers and ongoing industrial upgrade. While challenges and risks do exist, there is fundamentally no basisRead more