Microsoft says the South Korean firm failed to pay it on schedule for the use of its inventions and has begun legal action in New York. In a blog, the US firm said Samsung had used Microsoft's takeover of Nokia's handset unit "as an excuse to breach its contract". Samsung has said: "We will review the complaint in detail and determine appropriate measures in response." The case marks the first time that Microsoft has launched legal action against Samsung. The two companies
The Ghana Airports Company (GACL) says it has its eyes on the capital market as a future source of long-term funds to modernise aviation infrastructure. The airports operator has adopted the International Financial Reporting Standards (IFRS) in anticipation of a future foray into the capital market to raise long-term finance. Speaking to the B&FT at the company’s annual general meeting in Accra, Charles Asare, Managing Director, said: “When you are going to the capital market you need to
President John Dramani Mahama says the decision to open discussions with the International Monetary Fund (IMF) is not because of the failure of government’s own home grown solutions, but rather because of the need for policy credibility and confidence from the international financial institutions, capital markets and investors for the measures been implemented to restore economic stability and growth. He noted that turning to the IMF was a decision to gain the seal of approval from the Bretton
Thirty-eight University of New England health care students and eight faculty members who were scheduled to leave Monday for a clinic in Ghana are staying at home because of the outbreak of the deadly Ebola virus in West Africa and the resulting potential for unrest. “We decided we would not be directly threatened by Ebola virus, but because of the context of uncertainty with this outbreak clearly not in control yet – and likely weeks if not months before it will be in control – we felt there
The disclosure of this information is in line with the World Bank's Access to Information Policy approved by the Board of Executive Directors in November 2009. This new policy constitutes a major shift in the Bank's approach to information disclosure, transparency, sharing of knowledge, and accountability. Clients and the general public now have access to a much broader range of information, particularly information about projects under preparation and implementation. The Table below shows
Small and Medium Enterprises (SMEs) can easily provide the vim to stabilise the economy and engender national prosperity if they receive the support they deserve from government, Vice President of the Association of Ghana Industries (AGI) Dr. Yaw Adu-Gyamfi has said. Speaking at a breakfast meeting of CEOs in Accra sponsored by the International Labour Organisation (ILO), Dr. Adu-Gyamfi, who is also the CEO of local pharmaceuticals company Danadams, made a strong case for state support for industries
Economist and Managing Director of Tropical Cables and Conductors (TCCL) Tony Oteng-Gyasi says government and private economic actors must work to create a vibrant and sustainable production sector to drive national socio-economic growth. He has also called on the general public, including government agencies, to patronise locally-made components for infrastructural projects as a way of helping indigenous companies expand to create more jobs. Mr. Oteng-Gyasi said there is no reason for Ghana to suffer
Non-availability of ready markets for farmers to cart their produce during bumper harvests and rising cost of production have influenced many smallholder farmers in Brong Ahafo to drift away from the cultivation of hybrid seeds and other improved planting materials as they revert to indigenous breeds. The farmers -- mostly root and tuber as well as maize cultivators -- say notwithstanding the high-yield production rate of hybrid and improved seeds, there are no corresponding markets to sell their
Microsoft Devices has announced that customers using the Nokia X family of affordable smartphones will soon enjoy brand-new features of the Nokia X with the introduction of a new software. The Nokia X, X and XL will be boosted with improved features such as the new App Switcher, which makes it easier to jump between using different apps, Outlook and OneNote come pre-installed, giving faster access to use and access multiple Outlook accounts including your Outlook Calendar and Contacts, so you’ve
The Energy Commission says the country can achieve sustainable energy for all by the year 2020; ten years earlier than the UN Secretary General’s target for achieving universal access to modern energy services, doubling the global rate of improvement in energy efficiency, and doubling the share of renewable energy in the global energy mix. Ghana in November 2012 became the first country in the world to launch its National Action Plan for achieving the set objectives under the UN Sustainable Energy
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