Google to Follow Buzz into Venture Capital

Google(NASDAQ:GOOG)is considering setting up its own venture capital investment arm like competitor Buzz Technologies Inc (OTC:BZTG), the Wall Street Journal said on Wednesday, citing several people briefed on the discussions.
David Drummond, the Internet search leader’s senior vice president of corporate development and chief legal officer, would lead the investment business, [...]

Hang Seng jumps 1.9pc to snap losing streak

The Hong Kong stock market ended its losing streak to rise 1.9 percent yesterday, led by HSBC (0005) and mainland banks after an unexpected strong performance on Wall Street, but mainland markets bucked the regional trend to end slightly down.The benchmark Hang Seng Index advanced 432.60 points to close at 22,690.60. Mainboard turnover was light [...]

Boeing Unsafe?

Maintenance lapses or management oversights are likely to be behind a string of incidents involving Boeing passenger planes over the past six days, according to an aeronautics expert.In the latest Hong Kong-related incident, bits fell off a Cathay Pacific jetliner as it approached Vancouver. No one was hurt.
Associate professor Huang Lixi, who heads the aeronautics [...]

Court finds Thaksin wife guilty of tax evasion

In a politically-loaded ruling, Criminal Court on Thursday found Pojaman Shinawatra – wife of coup-ousted premier Thaksin – guilty of tax evasion in a 1997 share transaction, court official said.
The heavily-guarded court, surrounded by some 2,000 Thaksin-supporters holding red roses, sentenced Pojaman to three years in jail for avoiding a tax bite amounting to 546 [...]

Rise of the other riviera

Ben Hall sets sail off the Mexican coast and finds unspoilt playgrounds and a laid-back attitude.
As if to confirm this is a staunchly Catholic country, right on the beach is an open-air church which doubles as a shady retreat from the midday sun and is a favourite hangout for the “nannas” to sit and watch [...]

Olympic Condom Ads

An enterprising Chinese condom-maker called Elasun has devised a very clever set of ads featuring condoms and the sport stickmen that’s doing a roaring viral business on the Chinese internet.

Swimming

Cycling

Basketball

Archery
And I have no idea what this one represents:

Speaking of prophylactics, Reuters reports that the phrase “avoiding pregnancy” has become a euphemistic way of saying that [...]

Rio Tinto invests $2.3b on Brazil expansion

Rio Tinto says it will invest $US2.15 billion ($2.3 billion) on a major expansion of its iron ore mine in Corumba, Brazil, to extend its iron ore operations beyond Western Australia.
The works are expected to boost annual capacity of the mine more than six-fold, from two million tonnes per annum to 12.8 million tonnes.
New production [...]

Error wipes QBE out

Hearts dropped as 85 points were wiped off the All Ordinaries Index and 82 points off the S&P/ASX200 in a flash this afternoon.
But it wasn’t the market crash many have been fearing rather the result of a keyboard error from a broker selling QBE shares.
The broker sold a series of share parcels at between 0.1 [...]

Compulsory licensing sets precedent

Peter Janssen
Thailand’s decision to break patents on anti-retroviral drugs won it instant notoriety among pharmaceutical firms and hero status among AIDS activists.
In November 2006, Thailand decided to break the patents on two anti-retroviral (ARV) drugs by applying compulsory licensing in a bid to save lives.
The bold move also brought the previously little-known term, [...]

Gudang Garam hit by takeover rumors

Shares of Indonesia’s second largest cigarette seller, PT Gudang Garam, surged to their highest level in more than nine years as the passing of its chairman triggered speculations the firm may be sold.
The shares jumped by 19 percent to close at Rp 6,200 on Monday, the biggest increase since Nov. 5, 1998, Bloomberg data [...]