Sony back in black, reports first profit in five years
Electronics giant Sony has reported an annual profit for the first time in five years thanks to stronger sales and a weakening yen.
Airtel sells 5% stake to Qatar Foundation
India’s largest mobile phone operator, Bharti Airtel, announced on Friday that it has agreed to sell a five percent stake in itself to the Qatar Foundation Endowment (QFE).
Alibaba buys 18% stake in Sina’s Weibo
Internet giant Alibaba has bought an 18 percent stake in Twitter-like Weibo.
South Africa’s MTN prequalified for Myanmar telecoms licence
South Africa-based multinational mobile telecommunications group MTN on Friday said its subsidiary MTN Dubai was one of 12 operators to be prequalified by the Myanmar Telecommunications Ministry for two telecommunications licences in the country.
Infosys shares slide as revenue forecast disappoints
Shares in India’s second-largest software firm Infosys have plunged after its growth forecast for the current financial year fell short of market expectations.
EPL clubs set to adopt goal-line technology
Goal-line technology will be introduced in the English Premier League in time for the 2013-14 season, the Football Association (FA) expects.
Apple issues China apology
Apple’s CEO Tim Cook has apologised to Chinese consumers after state media accused the technology giant of “arrogance”, double standards, and of “throwing its weight around” with regards to its customer service and returns policies.
Fukushima plant hit by power failure
Japan’s tsunami-hit Fukushima nuclear plant has been hit by a power failure, affecting its cooling systems for spent fuel ponds.
Former Sony CEO to retire in June
Howard Stringer, Sony board chairman, who served as president and CEO from 2005 to 2012, is to retire, he announced.
Chan: China needs better anti-piracy measures, food safety
Hong Kong movie star Jackie Chan has called for better food safety and a tougher stance on piracy in China.
