Nationwide, Britain's biggest customer-owned financial services group, is interested in bidding for 316 branches being sold by Royal Bank of Scotland to speed up its expansion into lending to small and medium-sized businesses. A 1.65-billion-pound ($2.6 billion) deal to sell the branches collapsed last month after Spanish bidder Santander said the process of carving out the business from RBS had proved more difficult than expected. RBS, ordered to sell the branches as a condition of winning European nod for a bailout during the 2008 crisis, has sent new sales documents to prospective buyers, and is hoping to draw up a shortlist next month. Strategically, we want to enter into the SME (small and medium-sized enterprise) space, Nationwide Chief Executive Graham Beale told Reuters on Tuesday.
Ericsson sues Samsung for patent infringement
Ericsson, the world's biggest telecom network equipment maker, said it was suing Samsung Electronics for patent infringement after two years of talks failed to yield a licence agreement. Sweden's Ericsson, which reckons more than 40% of the world's mobile traffic passes through its networks, filed a lawsuit in the US saying Samsung had refused to sign a license to use technology on terms it referred to as fair, reasonable and non-discriminatory (FRAND). Ericsson has tried long and hard to amicably come to an agreement with Samsung and sign an agreement on FRAND terms. We have turned to litigation as a last resort, Kasim Alfalahi, chief intellectual property officer at Ericsson said in a statement on Tuesday.
Samsung to ship 16 mn Windows 8 &7 computers
Samsung Electronics will ship 16 million tablets and laptop computers operating on Microsoft Corp's Windows 8 and Windows 7 operating systems this year, said Jin Park, vice president of the IT solutions business at Samsung. Microsoft, the world's largest software company, launched its new-look, touch-friendly Windows 8 earlier this year to grip customers' imagination, as it looks to regain ground lost to Apple Inc and Google Inc in mobile computing and shake up the moribund PC market.
Google campaigns against possible fees
Google is launching a new campaign in Germany to protest against possible copyright restrictions being discussed in the country's Parliament. The Defend Your Web campaign started Tuesday seeks to mobilize Google users against plans to introduce a so-called Google Tax. The levy, being pushed by publishers, would require search engines to pay each time they link to media content like newspaper articles or photographs. In a short online video, Google warns for more than 10 years you've been able to find what you are looking for a planned law would change that. It also provides written information and urges people to sign an online petition. Google also plans newspaper and magazine ads.
China, World Bank set up knowledge hub
The World Bank and China are setting up a knowledge hub to share information about Beijing's success with poverty alleviation. The project aims to come up with new strategies to solve problems of rapid development, such as urban transportation. The hub will help experts around the globe communicate and learn from each other to find the best outcomes, World Bank President Jim Yong Kim said at a signing ceremony Tuesday. Kim said that as China tackles these challenges, it is producing a body of knowledge that can benefit many other countries.''