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Apple tablet launch Wed could stir up video game business(update)

NEW YORK: When Apple introduced the iPhone, it shook up the cell phone business but it also changed the way people play video games

China now world's biggest auto market, not US

CHENGDU, China: Minivan salesman Zhu Yi has a problem that most auto dealers elsewhere would happily swap for their own - he doesn't have enough vehicles to satisfy customer demand.

G-8 greeted skeptically by some in quake zone

L'AQUILA, Italy: At this week's Group of Eight summit, the leaders will stay in a barracks instead of the usual luxury hotel.

Foreign business news in brief

Briefs on: Samsung SDI back in the black, TEPCO projects record loss,, China Telecom to pay US$8bil and Nippon Steel to pay more for coal

OCBC donates to quake victims

OCBC Bank will donate RMB1mil to victims of the Sichuan earthquake.

HLB gives US$100,000 to China quake victims

Hong Leong Bank Bhd (HLB) joins the international community in sending aid to earthquake victims in Sichuan province in China with a US$100,000 donation made to Chengdu Charity Federation.

Tepco shares dive on shutdown concerns

Tokyo Electric Power Co yesterday lost another US$2bil in market value on concern that the shutdown of the world's biggest nuclear power plant after a strong earthquake on Monday could last for months.

TM leads consortium for submarine cable system

Telekom Malaysia Bhd (TM) is leading a consortium of 17 international telcos to set up the US$500mil Asia-America Gateway (AAG), the first submarine cable system linking South-East Asia directly with the US.

Malaysia leads plan for US-region cable link

Seventeen major tlecommunications companies signed a pact Friday to build a US$500 million (euro360 million) undersea fiber optic cable between Southeast Asia and the United States they claim will be relatively safe from earthquakes and tsunamis.

Mixed reaction to Taiwan quake

Malaysian companies have had a mixed reaction to the after-effects of the 7.1 Richter Scale earthquake in Taiwan that damaged a major submarine cable system and disrupted international Internet communications on Wednesday.