Various stories from the mobile phone, telecoms, retail & insurance industries
Apple have admitted that some of the factories that make iPods, iPhones and its PCs have used child labour in the past but this is now no longer the case. However, they revealed that 55 of its 102 factories worldwide have ignore Apple’s rule that emploees cannot work more than 60 hours a week.
The Independent Newspaper in London is to be sold this week to a Russian bilionaire, Alexander Lebedev. The fee is thought to be a nominal £1, this looks like it will secure the papers future. Good news for all those who praise diversity in the media and good news for those who enjoy the thoughtful and intellectual paper the Independent has always been.
Cable and wireless look set to win a contract to lay an internet cable from Jamaica to Cuba, this will put them in a strong position to win a stake in Etecsa the state controlled mobile operator that Telecom Italia looks like selling.
EMI the troubled music group has off loaded another asset - Olympic Sound Studios in Barnes West London for circa £3.5 million. However, this will only reduce their debts by a fraction given that these now stand at a staggering £1.75 billion, last year the company lost £1.74 billion.