Reserve Bank of India, the central bank of India
India has cut interest rates for the third time this year in an attempt to revive growth in its sluggish economy.
The Reserve Bank of India (RBI) lowered its key rate to 7.25% from 7.5%.
LinkedIn headquarters in Mountain View
Shares of LinkedIn fell more than 10% in after-hours trading in New York, after it issued a weaker-than-expected forecast for the current quarter.
LinkedIn said it expects revenues of between $342 and $347m in the April to June quarter. Most analysts had expected a figure closer to $359m.
Portugal received an international bailout from the EU and IMF
Portugal is planning to cut 30,000 civil service jobs and to raise the retirement age by one year to 66 as it tries to meet the terms of the bailout.
Pedro Passos Coelho, Prime Minister of Portugal, said civil servants would also be required to work 40 hours a week instead of 35.
Automation cluster presentation in Barcelona
On Tuesday, some of the most important companies in Catalonia’s automation sector gave their explicit support to the creation of an automation cluster.
The development of a car and motorbike cluster wants to foster business, innovation, training and sustainability.
Tim Cook, CEO of Apple
Apple has raised $17bn via a bond sale, the biggest ever by a non-banking company, to help fund its plan for extra payouts to shareholders.
Last week, it said it will buy back $60bn in shares, and raise its dividend to shareholders by 15%.
PC shop in China
According to market data report made by IHS, China has overtaken the United States in 2012 as the world‘s biggest market for personal computers.
Research by the consultants IHS said PC shipments to the country rose to 69 million units in 2012.
The Celler de Can Roca cooking team
Catalan cuisine again tops the world’s best restaurant ranking.
The ‘Restaurant’ magazine has awarded the title of being the best restaurant in the entire world to a Catalan restaurant again: El Celler de Can Roca, located in Girona, near the Costa Brava.
Weibo, Chinese Twitter
Alibaba, China‘s biggest e-commerce group, has bought an 18% stake in Weibo, China’s largest Twitter-like service, as it looks to tap into the fast-growing social media sector.
Alibaba will pay $586m for the stake, valuing Weibo at over $3.2bn.
Enrico Letta, Prime Minister of Italy
A new Italian government has been sworn in today at the presidential Quirinale Palace in Rome.
Enrico Letta, deputy leader at the Democratic Party, becomes Prime Minister at the head of a “grand coalition” including Silvio Berlusconi‘s People of Freedom party.
Luis De Guindos, Economy Minister of Spain
Spain‘s government has revised down its forecast for the Spanish economy this year, it argued the level of contraction is likely to be worse than previously predicted.
Government of Spain now expects the economy to contract by 1.3% in 2013, compared with its earlier estimate of 0.5% down.
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