Other News

China supplier of Samsung, Lenovo denies using child workers

  (Reuters) – A China-based supplier for Samsung Electronics Co Ltd and Lenovo Group Ltd said on Thursday it had never hired child laborers, denying allegations by a U.S.-based activist group. Samsung Electronics also said it had found no children or students working on the Samsung production line at the Huizhou-based factory of supplier HEG Technology, which was cited as violating China’s labor laws by the New York-based watchdog China Labor Watch. A Lenovo spokeswoman said the company would look into […]

Youth Olympics close with spectacular ceremony

(Reuters) – The second Youth Olympics concluded in Nanjing on Thursday after a spectacular closing ceremony and a glowing endorsement from the International Olympic Committee (IOC). Around 2,000 performers were involved in the ceremony, which was attended by Chinese Premier Li Keqiang and the IOC president Thomas Bach. The sporting competition, which began two weeks ago and involved almost 4,000 athletes aged between 14 and 18, had ended on Wednesday with the host-nation finishing as […]

FBI, Secret Service investigate reports of cyber attacks on U.S. banks

(Reuters) – The U.S. Federal Bureau of Investigation said it is investigating media reports that several U.S. financial firms have been victims of recent cyber attacks. “We are working with the United States Secret Service to determine the scope of recently reported cyber attacks against several American financial institutions,” FBI spokesman Joshua Campbell said in a statement late on Wednesday. He did not name any firms or give further details. A Secret Service spokesman could […]

Samsung unveils smartwatch that can make calls

(Reuters) – Samsung Electronics Co Ltd on Thursday unveiled what it said was the first smartwatch capable of making and receiving calls without a mobile phone nearby, in the South Korean firm’s latest effort to find a new growth driver. The world’s biggest smartphone maker has been pushing hard to develop the wearable devices market as it looks to counter slowing earnings in its mobile division, which led to weaker-than-expected second-quarter earnings. Samsung is hardly alone in pushing wearables, […]

Turkey’s Erdogan sworn in as president, consolidates power

(Reuters) – Tayyip Erdogan was sworn in as Turkey’s president on Thursday, cementing his position as its most powerful leader of recent times in a step opponents fear heralds more authoritarian rule and widening religious influence in public life. Reading the oath of office in a ceremony in parliament, Erdogan vowed to protect Turkey’s independence and integrity, to abide by the constitution and by the principles of Mustafa Kemal Ataturk, founder of the modern secular […]

Crisis deepens as Ukraine says Russian troops back rebel advance

(Reuters) – Ukrainian President Petro Poroshenko said on Thursday that Russian forces had entered his country and the military conflict was worsening after Russian-backed separatists swept into a key town in the east. Poroshenko said he was cancelling a visit to Turkey and conferring with defense chiefs because of the “rapidly deteriorating situation” in the eastern Donetsk region, “as Russian troops have actually been brought into Ukraine“. A NATO military officer said: “We assess well over 1,000 Russian […]

Philippine economy posts 6.4% growth; PHL becomes 2nd fastest growing economy in Asia

MANILA, Philippines — The Philippine economy grew by 6.4 percent in the second quarter, making the country the second fastest growing economy in the Asian region after China, according to the National Economic Development Authority (Neda)  Thursday (Aug. 28) The second quarter growth was higher than the 5.3 percent growth posted during first quarter of 2014. “I am pleased to report to you that economic growth accelerated to 6.4 percent in the second quarter of 2014.  […]