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Pakistan ties with U.S., India improving: Minister

ISLAMABAD (Reuters) – Pakistan’s most troubled foreign relationships have improved in recent months, its top diplomat said on Saturday, pointing to upcoming trade talks with New Delhi and broad agreement on regional security goals with Washington as evidence. Foreign Minister Hina Rabbani Khar, in an exclusive interview with Reuters, said…

Philips TV deal at risk, plans 4,500 job cuts

(Reuters) - Philips Electronics has all but abandoned hope of selling its TV business by the end of the year, leaving a question mark over how quickly it can divest its loss-making problem child. “The global TV market has deteriorated, and obviously the sooner we complete this the better, but we first…

Nokia unveils two cheap phones for emerging markets

NAIROBI (Reuters) – Ailing Nokia Oyj unveiled two cheap cellphone models inspired by consumer needs in Africa, aiming to strengthen its position against low-cost Asian rivals. Nokia shares have roughly halved this year as the company struggled to keep up with the pace of smartphone development while also losing ground…

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