Latest news update of the world

AS the 25 billionth app was downloaded from the iTunes store last week, it was a celebration of both the indie app developer and the individual curation of content. In Singapore, however, apps are increasingly falling under the domain of Big Business.While quirky free apps continue to be launched, the money here is flowing in two opposite directions: towards hard commerce in which people spend money through the app, and enterprise apps which are meant as tools for internal company use.   App developers such as Buuuk have seen enterprise app work for clients go from virtually non-existent to serious money in recent times. 'About one-third of what we're doing is enterprise apps and the remaining two-thirds are consumer apps. The enterprise part started about 18 months ago and prior to that, almost all of the focus was on consumer,' said Jon Petersen, Buuuk's co-founder. Enterprise apps can be downloaded to an employee's smartphone from a specialised download site ins...

At least 400 businesspeople from Tanzania are expected to participate in a three-day business trip to Kenya through Namanga border post in a caravan dubbed ‘100 cars’.The historic event will be organised by an Arusha-based entrepreneur in partnership with the East African Community (EAC). The trip is meant to expose the Tanzanian business community to the EAC business.“We are calling the trip ‘100 cars’ because it will involve 400 people and every car will be having four people,” said Rosemary Ndesokia, executive director of the Arusha media and advertising firm commonly ‘Arusha Mambo’.   The trip will involve small-scale, medium and large scale businesspeople. Speaking at the launch of the media and advertising company, whose tasks include feeding East Africans and Tanzanians in particular with local and regional information through digital technology at the weekend, Ndesokia said she was optimistic that the trip would help Tanzanian businesspeople learn business skills from the...

Banking service is the most popular in the world. Most banks passed the Federal Reserve's so-called stress test. But Citigroup did not and that shows that many big bank stocks are still incredibly risky investments. JPMorgan Chase JPM , Fortune 500)sparked the rally by jumping the gun. Results of the Fed's stress tests, or Comprehensive Capital and Analysis Review, were not due to be released until Thursday.   But JPMorgan Chase announced Tuesday it was raising its dividend and launching a new $15 billion stock repurchase plan ... and pointed out that the Fed had already completed the CCAR and "did not object" to the bank's plan. Shine on you crazy (Jamie) Dimon! That prompted the Fed to move up the stress test announcement to after the closing bell Tuesday. Now that the results are out, it's time to look at the winners and losers. The good news is that 15 of the top 19 banks should be able to withstand the Fed's worst-case crisis scenario. (Baby, you can ...