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Cloud computing disappoints early adopters: survey
LONDON (Reuters) – Few organizations have moved to cloud computing — the delivery of computing as a service from remote centers — and of those that have, many are disappointed with the results, a survey published on Tuesday found. Fewer than one in five organizations questioned have outsourced the hosting…
Deutsche Bank abandons 2011 profit targets
Deutsche Bank, Germany’s largest bank, said Tuesday it will miss itsprofit target for the current year in face of the financial market turbulence. The announcement sent Deutsche Bank shares into a tailspin on theFrankfurt stock exchange, where they were among the biggest losers, shedding 1.56 euros or 6.1 percent to 24.18…
Egypt ‘committed to free market’ after investor fears
CAIRO — Egypt’s deputy prime minister said on Sunday that his country was committed to a free market economy, after the ownership of three companies was returned to the state, sparking fears among investors. “The government will not backtrack on a free market economy,” said Hazem al-Beblawi, who is also…
Jon Stewart presses Ron Paul on his libertarian views
Although Jon Stewart and Texas Congressman Ron Paul found common ground in their opposition to the war on drugs on Monday night, Stewart questioned whether all of Paul’s libertarian ideals were realistic. Paul, a Republican presidential candidate, said during his appearance on The Daily Show that the free market system…
China plans carbon-trading pilot scheme
China will introduce a pilot scheme for carbon emissions trading and gradually develop a national market as the world’s largest polluter seeks to reduce emissions and save energy, state media said. China will promote the market’s development through “punitive” electricity tariffs on power-intensive industries and other new policies, Xie Zhenhua,…
Russia gains edge in space race as US shuttle bows out
As the United States winds down its shuttle programme in a symbolic twist in a long-running space rivalry, Russia will gain complete control of access to the International Space Station. The Russian space agency plays down any triumphalism, but US astronauts will remain dependent on Russia for access to the…
Bomb kills 10 in northern Nigeria: military source, witness
A bomb blast at a police beer garden killed at least 10 people Sunday in the troubled northeastern Nigerian city of Maiduguri, a military source and a witness said. “The bomb was planted at the middle of the ‘mammy market’ and at least 10 people have been killed and several…
U.S. automakers regain majority of domestic sales in wake of Japan quake
By Mira Oberman CHICAGO — The Detroit Three carmakers captured more than half the sales in the US market for the first time since September 2008 amid supply shortages caused by the Japanese quake, industry data showed Friday. Toyota and Honda have been hardest hit by the March 11 disaster…
S. Korea dog meat festival bites the dust
A South Korean dog meat festival has been cancelled following growls of protest from animal rights activists, one of the would-be organisers said Tuesday. The Korea Dog Farmers’ Association had scheduled for Friday a festival aimed at promoting traditional dog meat consumption, said Ann Yong-Geun, an adviser to the association.…
Native Americans frown on proposed tobacco taxes
NEW YORK (Reuters) – U.S. municipal bonds backed by payments from cigarette makers on Friday extended a rally sparked by hopes that Big Tobacco and state governments were closer to dividing up nearly $6.5 billion of escrowed funds. But the draft was bashed by a Native-American tribe which says it…
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