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Breaking News

Sony is reported to be cutting 10,000 jobs. Japan’s Nikkei newspaper has claimed Sony is to reduce its global workforce by 6% after four years in the red.

Facebook has snapped up Instagram, the popular photo-sharing app, for $1bn (£623m) in cash and shares and sparked a major backlash.

CITIGROUP
The bank’s Indian unit said it appointed Jane Ong as the head of corporate affairs for Citi South Asia. Jane joins from Royal Bank of Scotland in India.

DEUTSCHE BANK
Germany’s biggest lender said on Sunday that its Middle East, North Africa (MENA) Chairman Henry Azzam, a veteran in the region, has stepped down from his position at the German lender. Azzam was named non-executive chairman of the bank in 2010. Prior to that he was chief executive of the bank’s Middle East business.

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