Analysts told Reuters that British Prime Minister David Cameron needs a symbolic triumph before he can ask Britons to support continued membership of the European Union.
Regions
India announces indigenous nuclear submarine close to nuclear triad completion
India announced the activation of the atomic reactor of its first nuclear submarine, a first step for the completion of its nuclear triad.
UN General Assembly President lauds strong growth of Chinese economy, underscores role of emerging economies
UN General Assembly President Vuk Jeremic lauded the strong growth posted by the Chinese economy. Vuk Jeremic, the President of the United National General Assembly, told Chinese media that the world's second largest economy was among those that posted the strongest growth globally.
First GSK, now China focuses investigations on Sanofi
Xinhua reported that French drugmaker Sanofi had become the focus of bribery investigations by Chinese authorities.
BlackBerry’s privatization makes sense, but it is not a real solution – analysts
Private equity executives and analysts said taking BlackBerry private would make sense but it is not a quick fix for the company’s problems.
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French President Francois Hollande said he would continue to stimulate the jobs market to chip down the soaring unemployment numbers in the country.
According to analysts, banks are shifting to cloud computing since it could deliver innovation and cost cutback in banking.
A Swiss shop clerk told Oprah Winfrey that a crocodile handbag worth US$38,000 was "too expensive" for her which sparked racist slur.
A private survey revealed that China's PMI for the services sector showed signs of growth. The HSBC/Markit Purchasing Managers' Index (PMI) survey for the services sector in China showed signs of improvement.
President Barack Obama proposed the gradual elimination of Fannie Mae and Freddie Mac to speed up recovery in the housing sector.
Shares of Sony Corp fell 3% after it said no to the proposal of Daniel Loeb to sell one-fifth of its entertainment business.
Economists warned that while the economic reforms of President Enrique Pena Nieto are crucial to increasing wages, Mexicans would have to wait before impact would be felt.
According to the White House, US President Barack Obama met with tech executives along with transparency advocates to deliberate on the government's surveillance programs.
Canalys told Bloomberg that Apple's market share in China plunged to just 5% during the second quarter, down from last year's 9%.
