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October 5: Snapshots for the day

  • October 5: Snapshots for the day

    October 5: Snapshots for the day

  • <p>Students display Aakash, which means sky, dubbed the world&#39;s cheapest tablet computer, after its launching ceremony in New Delhi</p><p><b>India unwraps what has been dubbed the world&#39;s cheapest tablet computer on Wednesday, to be sold to students at the subsidised price of $35 to expand digital access in the Asian giant that lags peers such as China and Brazil in connectivity.</b></p><p>The government says the device, called Aakash, which means sky, will initially be available in a pilot run of 100,000 units before being rolled out to millions of students over the next few months.</p>

    Students display Aakash, which means sky, dubbed the world's cheapest tablet computer, after its launching ceremony in New Delhi

    India unwraps what has been dubbed the world's cheapest tablet computer on Wednesday, to be sold to students at the subsidised price of $35 to expand digital access in the Asian giant that lags peers such as China and Brazil in connectivity.

    The government says the device, called Aakash, which means sky, will initially be available in a pilot run of 100,000 units before being rolled out to millions of students over the next few months.

  • </p><p>Employees work at a call centre in Rangreth, on the outskirts of Srinagar</p><p><b>India&#39;s service sector has contracted for the first time in more than two years as new business all but dried up and expectations weakened amid concern over a flagging world economy, a survey showed on Wednesday.</b></p><p>The seasonally adjusted HSBC Markit Business Activity Index, based on a survey of around 400 firms, plunged in September to 49.8 -- its lowest reading since April 2009 -- and below the 50 mark which separates growth from contraction.</p><p>The index was at 53.8 in August.</p>

    Employees work at a call centre in Rangreth, on the outskirts of Srinagar

    India's service sector has contracted for the first time in more than two years as new business all but dried up and expectations weakened amid concern over a flagging world economy, a survey showed on Wednesday.

    The seasonally adjusted HSBC Markit Business Activity Index, based on a survey of around 400 firms, plunged in September to 49.8 -- its lowest reading since April 2009 -- and below the 50 mark which separates growth from contraction.

    The index was at 53.8 in August.

  • </p><p>Philip Schiller, Apple&#39;s senior vice president of Worldwide Product Marketing, speaks about iPhones, including the iPhone 4S, at Apple headquarters in Cupertino, California</p><p><b>Rival smartphone makers are seen having a chance of exploiting a rare letdown by Apple in the launch of its new iPhone 4S model, which failed to wow fans, and grab a bigger share of the most lucrative part of the phone market, analysts said on Wednesday.</b></p><p>They also noted that Apple has decided to keep older iPhone models and slash their prices, which could help the company expand sales in lower-end and developing markets, where Nokia and Samsung have dominated.</p><p>

    Philip Schiller, Apple's senior vice president of Worldwide Product Marketing, speaks about iPhones, including the iPhone 4S, at Apple headquarters in Cupertino, California

    Rival smartphone makers are seen having a chance of exploiting a rare letdown by Apple in the launch of its new iPhone 4S model, which failed to wow fans, and grab a bigger share of the most lucrative part of the phone market, analysts said on Wednesday.

    They also noted that Apple has decided to keep older iPhone models and slash their prices, which could help the company expand sales in lower-end and developing markets, where Nokia and Samsung have dominated.

  • </p><p>A trader looks at his screens in London</p><p><b>European shares and commodity prices bounced on Wednesday after Europe&#39;s finance ministers agreed to safeguard euro zone banks from the spreading sovereign debt crisis, though the euro hovered near a nine-month low against the dollar.</b></p><p>World stocks and commodities, such as Brent crude, were hit hard in the past few sessions on mounting concerns that a debt default by Greece in the coming months could lead to a banking crisis, which would aggravate the global economic slowdown.</p>

    A trader looks at his screens in London

    European shares and commodity prices bounced on Wednesday after Europe's finance ministers agreed to safeguard euro zone banks from the spreading sovereign debt crisis, though the euro hovered near a nine-month low against the dollar.

    World stocks and commodities, such as Brent crude, were hit hard in the past few sessions on mounting concerns that a debt default by Greece in the coming months could lead to a banking crisis, which would aggravate the global economic slowdown.

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