News Headlines - 13 June 2011

▽Samsung, Apple to end Nokia's smartphone reign - Reuters
Samsung Electronics Co Ltd will become the world's largest smartphone maker this quarter, overtaking struggling Nokia Oyj which has lead the market since 1996, Nomura said on Monday.
In the next quarter Nomura sees Apple Inc also overtaking Nokia, pushing the Finnish company to No. 3 in the rankings.

▽Britain's most talent workers flee to avoid high tax rates - Telegraph.co.uk
Britain’s most talented people may flee to new economies such as Japan and Dubai as Britain penalizes its highest taxpayers, researchers have warned.

▽Greek rating now worst in the world - Financial Times
Greece was downgraded close to default on Monday, sending yields on its 10-year bonds near to fresh euro-era highs and stoking fears over the eurozone debt crisis.

▽Britain cannot keep up its role in Libya air war due to cuts - Telegraph.co.uk
The British military intervention in Libya is unsustainable, the head of the Navy has said.

▽Million may take strike action over pensions - Metro
More than 1million workers in the country’s biggest public sector union are prepared for lengthy strikes later this year, its leader said.







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