United States

RIM Unveils Its 3G Storm

The Canadian maker of the BlackBerry family of smartphones, Research in RIM Unveils Its 3G StormMotion has unveiled its first ever touch screen device ‘The Storm’ on Wednesday. 

Targeted at business and consumer markets, the newly launched device is BlackBerry’s official answer to rival touch-based smartphones launched recently including Apple's 3G iPhone, Sony Ericsson's Xperia X1, T-Mobile's Google Android-powered G1 and Nokia's 5800 music phone launched last week.

‘The 3G Storm’ will be available through Verizon Wireless in the US, and Vodafone in the European market by November 2008.

Samba for Obama echoes fundraising rhythm

San Francisco Samba for Obama echoes fundraising rhythm- The wine was flowing, the band was blaring, and on the dance floor a Brazilian lady was showing off her sexiest samba moves with all the gusto of performer on the Copacabana beachfront.

But this was no carnival in Rio.

Rather, it was a fundraising event for Barack Obama where hundreds of ordinary Americans splashed out to support the Democratic candidate in his bid for the White House.

Housing slump will prolong recession, IMF warns

Housing slump will prolong recession, IMF warns Washington - The history of housing market cycles has shown that when economic contractions are coupled with housing price corrections then recessions are prolonged and painful, the International Monetary Fund warned Wednesday.

After a steady upward climb over the past decade, home prices are now plummeting in several advanced economies, which is not surprising as they were largely over valued.

US elections overshadowed by Wall Street

Washington - US elections overshadowed by Wall StreetIt's often small gestures that symbolize leadership and can help a candidate to victory.

Such gestures have been missing in the US election battle. In the midst of the most desperate economic situation since the Great Depression of the 1930s, where the need is great for crisis management and committed action, John McCain and Barack Obama appear almost helpless, empty of ideas.

Just as Bush gave the impression over the past weeks that he was a passive observer, not an actor, the two men who want to succeed him came across as standing on the sidelines.

Emergency meeting of Group of 20 to discuss financial crisis

Emergency meeting of Group of 20 to discuss financial crisis Washington - The Group of 20 (G20) that brings together emerging economies and industrial nations will hold an emergency meeting Saturday to consider joint efforts to tackle a debilitating financial crisis.

US Treasury Secretary Henry Paulson will host the gathering in Washington on the sidelines of the annual meetings of the International Monetary Fund and World Bank, and will include finance ministers and central bank heads from the world's largest economies.

Pentagon concedes airstrike killed more civilians

Washington - Pentagon concedes airstrike killed more civiliansThe number of civilians killed in a US attack on a village in Afghanistan was more than four times higher than previously acknowledged by the US military, the Pentagon has concluded in a report of an investigation released Wednesday.

US Central Command, which oversees military operations in Afghanistan, said in the report that 33 civilians died in addition to 22 militants in the air raid on Azizabad in western Afghanistan.

Pages