These are troubled times for Research in Motion (RIM), the makers of the BlackBerry handheld device.
Back in 2008 RIM was an $84 billion company, the darling of executives everywhere, students had BlackBerrys, and even President Obama admitted to being addicted to his BlackBerry, what some people were calling ‘crackberry’.
That was BA – before Apple, and the juggernaut that was the iPhone which launched in 2007. Now fast forward to 2012 and the stock price has been hammered to a 52 week low of $6.22, it’s a $3.25 billion company and some people are saying there may even be layoff in BlackBerry’s future.
There is a bright spot, however – and that bright spot is Africa, specifically Nigeria.
(CNN) - As civil war continues to rage across Syria, in the city of Aleppo, which has seen some of the fiercest fighting between government forces and the rebels, commercial life has ground to a halt.
Zak Brophy, a business journalist recently returned from the area, told CNN of his shock on entering the city.
“Whole neighbourhoods were wiped out, destruction was all over the streets, cars buried amongst the rubble, all of the businesses and markets closed,” he said.
This month, Indian Prime Minister Manmohan Singh announced that the country is opening its retail and aviation industries to foreign investment. The move comes at a critical time for the country as the emerging market sees its slowest growth in some three years.
One sector that could see a boost is the Indian toy industry – weighed down by irregular taxation, excise duties and a lack of investment – many toy makers in Mumbai are looking optimistically to the future.
Hong Kong (CNN) – After hitting three-and-a-half year lows earlier this week, China stocks bounced 2.6% on Thursday.
What gives? Market rumors, and China prepping for a week-long holiday.
(CNN) – The Millennials show us why it pays to stay connected - and sometimes to switch it off.
London (CNN) – When you read that something from Apple may not be working, the frenzy in the blogosphere is amazing to watch.
Especially when there are hundreds of people lined up 50 meters from where I write, in order to get a new iPhone complete with the problem. They are ignoring us!
This time around, it's not the antenna or a silly voice command system still in beta. It's the very reason people like me love a smartphone - the map.
Almost two years on from the Arab Spring and youth unemployment remains the Middle East and North Africa (MENA) region’s biggest problem, according to Saud Masud, chief executive of consultancy group SM Advisory.
Labor force participation rates are much below the global average, he said, with Middle East and North Africa at around 46 percent versus the global average of around 66 percent.
One of the main challenges, according to Masud, is a lack of essential skills among the region’s labor markets.
“The real issue here is that you can’t generate jobs by throwing money at it and you can’t generate jobs buy just subsidising any type of on demand job generation programme. The real challenge is skills mismatch,” he told CNN’s John Defterios.
(CNN) – David Lloyd is a Millennial with a mission.
CNN has watched him expand his business and succeed on the international stage.
But now Lloyd is moving on. He talks to CNN's Richard Quest about what it means to be part of the Millennial generation.
Suez, Egypt (CNN) - The Suez Canal is a crucial seaway and money maker for Egypt. Around 10 percent of oceanic trade will by pass through these narrow waters, earning Egypt over $5 billion a year. It is now helping to boost Egypt's economy even more.
It has long been a vital link between East and West. The Suez Canal sits at a crossroad, linking Asia, Africa and Europe.
Now Egypt wants to squeeze more out of this strategic location.
The idea is to turn this dusty 20 square kilometer patch of land into a special industrial zone called SEZone or Suez Economic Zone.
And one of the first order's of business: making it easier for companies to do business in Egypt by cutting through red tape and government bureaucracy.
New Delhi (CNN) – Every morning at the crack of dawn, residents of a New Delhi slum gather by the railway tracks to do what most would only do in private - go to the toilet.
One by one, they arrive with water bottles in hand. Some try to hide, while others are less coy.
This has been shop owner Mukhesh's morning routine for the past 40 years.
"I guess I do get embarrassed but what can I do?" Mukhesh asked with a shy grin.
India's vast railways system, which carries some 11 million passengers a day, is often called the lifeline of India.
But one government official has dubbed it something else. "The Indian railway is really the world's biggest open toilet," said Jairam Ramesh, Minister of Rural Development, at a recent bio-lavatory launch.
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