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Nokia (NOK) is the world's largest handset company. It has been late to the high-end smart-phone market, but it has distribution leverage all over the world because of its 37% global market share. One of the things Nokia will need to cement its place in the smart-phone market is an application store like the one Apple (AAPL) has. Apple apps have been downloaded over one billion times, mostly onto its iPhone...
...Iraq Saying No to Kurdish Oil The Kurdistan Regional Government in northern Iraq says it will start exporting crude oil for the first time on June 1, despite a statement by the Iraq Oil Ministry calling the plan illegal. The Kurds, who control some of the country's largest reserves, claim that the Iraqi constitution allows them to broker deals with foreign companies; the ministry maintains that it controls all oil contracts and that any firm that signs without its approval will be blacklisted...
...true that the United Auto Workers (UAW) got less than it asked for. But without Obama's billions in auto subsidies, it would have gotten far less from insolvency. The children of nonunionized American autoworkers in Kentucky and Alabama who build cars that succeed in the marketplace made the largest concessions. They will endure a larger national debt so that billions of federal dollars can be used to prop up the UAW jobs of far less successful autoworkers in Michigan, Ohio and Ontario...
...many on the outside, Germany looks like a big, rich country enjoying the benefits of being Europe's largest economy. Inside, Germans know that looks can be deceiving. As in any nation, parts of Germany suffer from poverty, and Germans have always assumed they knew which parts: the west is rich and the east is poor. But a new report reveals the truth isn't that simple. The wealth imbalance in Germany isn't just between east and west; there are also large regional differences between the country's north and south. And across the country there are pockets...
...Marx, a bespectacled Lenin, and Stalin, his moustache bristling - peer down at passers-by from banners strung up over palm trees or street-corner billboards, accompanied by the less-hallowed visages of local comrades. India's Communists have been key players in the hurly burly of the world's largest democracy, dominating the ballot box in states like West Bengal, where Kolkata is the capital, and where a Communist government has ruled for over thirty years. But this month's national elections, won decisively by the ruling Congress-led government, has plunged India's left-wing into crisis. (Read about...