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To boost the sales of cars, the ford company has asked the Canadian government to give financial incentive to people to scrap their old and used cars. They can then buy new cars. This can be a big step to save the ailing auto market. Currently Canada offers 500$ for scrapping cars used over 10 years, the company wants it increased to 3,500$.
Technology is the something we all should be aware of. But not to the extent of it in controlling our daily lives. And this is exactly what’s happening in Korea. The wireless internet is fast growing in this country, and everyone seems to be depending on the free availability of this service throughout the country. What if one day this connection gives up, then what? Why depend on this mode?
IBM Corp. is trying its best to acquire Sun Microsystems Inc. But agreement has not come into existence, so far. The deal is around $7 billion. $10 to $11 a share is about to be paid by IBM to acquire Sun. Sun Microsystem’s software licences have come into conflict with that of IBM.
The industrial powerhouse’s coal mines of the communism times have stopped glowing. Gliwice mines used to contribute major share of coal in the region. Now these mines have been given a facelift and turned into state of the art lecture hall as a part of the education and business centers.
Japanese markets showed a considerable gain on Monday. The Nikkei sensex increased by 1.8% to 8908.15. South Korea’s Kospi increased by 1.2%, Australia’s S&P/ASX 200 increased by 0.1% and New Zealand’s NZX 50 increased by 0.2%. Inspite of the rocket launch of North Korea, the markets showed improvement in sensex. Yen’s weakness against other major currencies has helped exporters .
After being warned not to release the satellite into the orbit, North Korea finally sent their “Kwangmyongsong-2” satellite into space. This has made President Obama and the European Leaders to call for an emergency Security Meeting. Obama is very much against this act, and is determined to stop the spread of these weapons.
