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New Dell fund will invest in data storage technology
SAN FRANCISCO — The chief of US computer maker Dell on Tuesday announced the launch of a $60 million fund focused on investing in technology for storing the massive amounts of data being collected by businesses. “We really believe in this explosion of data driven a lot by smartphones and…
HSBC compliance chief resigns at Senate hearing over ‘horrific’ actions
Executives with Europe’s biggest bank, HSBC, were subjected to a humiliating onslaught from US senators on Tuesday over revelations that staff at its global subsidiaries laundered billions of dollars for drug cartels, terrorists and pariah states. Lawmakers hammered the British-based bank over the scandal, demanding to know how and why…
Senate report: HSBC concealed £10 billion in transactions to Iran
Global banking giant HSBC and its US affiliate concealed more than £10 billion in sensitive transactions to Iran, violating US transparency rules over a six-year period, a Senate panel said Tuesday. HSBC executives were aware of the “concealed Iranian transactions” — which stripped all identifying Iranian information from documentation —…
Study: More than half of U.S. adults use cell phone and TV at the same time
In the new “multiscreen” world, more than half of American adults with mobile phones use them while watching television, including to check the veracity of what they see on TV, a survey showed Tuesday. The poll conducted by the Pew Research Center’s Internet & American Life Project found 38 percent…
FDA to rule on second new weight-loss drug in more than a decade
US regulators decide Tuesday on whether to approve the second new anti-obesity drug in 13 years, Qnexa, which studies have shown may help some people lose up to 10 percent of their body weight. The Food and Drug Administration last month approved Belviq by the US company Arena Pharmaceuticals, making…
Pentagon plans missile defense station in Qatar
The Pentagon is building a missile defense radar station at a covert location in Qatar, The Wall Street Journal reported Tuesday. The site will be part of a system intended to defend the interests of the United States and its allies against Iranian rockets, unnamed US officials told the newspaper.…
South African poachers killed 281 rhinos so far in 2012
Poachers in South Africa have killed 281 rhinos so far this year, with the world-famous Kruger National Park accounting for over half the killings, authorities said Tuesday. “The Kruger National Park has lost a total of 164 rhinos to illegal killings,” the environment department said in a statement. With roughly…
Indonesian whale sharks tagged using technology for pets
The “unique habit” of whale sharks that converge to feed from fishing nets in Indonesia has allowed them to be tagged with low-cost technology usually used on pets, conservationists said Tuesday. Experts in June injected tiny pill-sized radio transmitters beneath the skin of 30 whale sharks in Cenderawasih Bay in…
Lebanese tattoo artist sentenced to 200 lashes in Saudi Arabia
A Lebanese man nicknamed the “tattoo king” has been sentenced to one year in prison and 200 lashes in the conservative Muslim kingdom, a Saudi newspaper reported on Tuesday. “Investigations revealed the Lebanese had been practicing this job for nine years,” said Al-Madina. “At first, he used to receive women…
European commission threatens Microsoft with antitrust fine
The European Commission threatened Microsoft with another big fine on Tuesday after the US software giant failed to give 28 million European customers the ability to choose their web browser. Microsoft immediately apologised for the “technical error” after 28 million users of the Windows 7 operating system were unable to…
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