 | THE WORLD THIS WEEK | |
| • | UBS to pay $1.5 billion (£940 million) for Libor Rigging
| Swiss banking giant UBS is the second major bank to be fined over Libor interest rate scandal, after Barclays, which paid $450 million to UK and US authorities. UBS agreed to pay $1.5 billion (£940 million) to US, UK and Swiss regulators for attempting to manipulate the Libor inter-bank lending rate. | |
| • | US agency rejects Apple's 'pinch-to-zoom' patent
| Apple's 'pinch-to-zoom' patent request was rejected in a preliminary ruling by the US Patent and Trademark Office. The ruling also supports Samsung's request for a new trial in the patent war against Apple Inc. | |
| • | Industry in Bengal urges state government to talk to Tatas
| The Bengal Chamber of Commerce & Industry wrote a letter to the Mamata Banerjee government asking for a talk with the Tatas to settle the Singur issue. The Associated Chambers of Commerce, which is among the country's apex chambers, had also suggested that the government needs to settle the issue to speed up its industrialisation drive. | |
| • | GDP growth pegged at 7 per cent for 2013-14
| The Indian government hopes to peg GDP growth for 2013-14 at 6.5 to 7 per cent, higher than the 5.7 to 5.9 growth in 2012-13 as the finance ministry has estimated economic revival in its Mid-Year Economic Analysis. | |
| • | Protests rise over the Delhi gang rape case
| Protests over the gang rape, at India Gate in Delhi turn violent as thousands of protesters clashed with police, overturned cars, and battled Rapid Action units. The government invoked Section 144, outlawing protest, and demonstrators were beaten with bamboo sticks, shot with water cannon and tear gas shells, and arrested. | |
| • | BJP and Congress win Gujarat and Himachal Pradesh assembly elections respectively.
| While the Congress party was routed for the third time in a row in Gujarat, it managed to get voters from Himachal Pradesh vote against the incumbent government to bring power to the Congress. | |
| • | Sachin Tendulkar retires from One Day International cricket.
| The greatest batsman in contemporary cricket, Sachin Tendulkar, retired from one-day internationals. His decision ended a career spanning 23 years during which he re-wrote record books with his phenomenal feats. | |
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