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Italy’s Generali to buy out Czech JV

Milan: Italy’s largest insurer Generali said on Tuesday it will buy out the rest of an eastern European joint venture it holds with Czech group PPF for €2.5 billion ($3.3 billion), increasing its exposure to the fast-growing region.

It is the first major deal struck by Generali’s new chief executive, Mario Greco, who was appointed in August to i


Huawei unveils world’s biggest smartphone

Washington: Chinese phone-maker Huawei Technologies havs unveiled two phones, terming them the world’s “biggest” and the “most powerful” smartphones.

The Ascend Mate and the Ascend D2 were unveiled at the Consumer Electronics Show in Las Vegas, Xinhua reported.

The company said the phones with bigger, higher-resolution screens


Understanding Sony's message

Las Vegas: There was no problem understanding Sony’s message at its pre-CES (Consumer Electronics Show) press conference on Monday night, provided you knew what all the acronyms stood for.

Kuni Suzuki, president and CEO of Sony Mobile Communications, threw out every hot technology catchphrase in an effort to show consumers the company


CES 2013: World’s largest electronics show opens

Sony, Samsung, LG, Panasonic, Toshiba all focused on their televisions for 2013

Las Vegas: Walking through the showroom at the Las Vegas convention, you’d never know the world’s largest consumer electronics show — CES 2013 — was about to get underway. The show opens on Wednesdayday and runs until January 11. Boxes of unopened 3D glasses where


Supermarket chain stuck in the slow lane

London: On the scale of corporate missteps, the problems of Wm Morrison look as if they should be solvable.

In a competitive marketplace, with all the rivals showing sharp elbows, a same-stores sales loss of 2.5 per cent is not a disaster.

Encouragingly for investors the immediate profit impact looks likely to be marginal.

The big question that chief


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