Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Three words from Ben Bernanke sink the markets: ‘Later this year’ Add to ...

Imperial said the plant had initially garnered interest among would-be acquirers, but after studying the configuration and relatively small size of the facility as well as shifting market dynamics, they came to the same conclusion as it did – that it cannot be operated profitably.

Fairfax in Greek deal
Fairfax Financial Holdings Ltd. is investing $244-million to become the largest shareholder of one of Greece’s top real estate companies, The Globe and Mail’s Jacqueline Nelson reports.

The Toronto-based insurer and investment manager is increasing its position in Eurobank Properties S.A. – a subsidiary of one of Greece’s top lenders, Eurobank Ergasias SA – which is focused on commercial real estate and privatizations in the country and its surrounding region.

A really smart phone?
Huawei Technologies Co. has unveiled a new smartphone for the beautiful you.

Actually, the more beautiful you.

The Chinese company now boasts what is believed to be the world’s thinnest phone, the Ascend P6, but it’s what it comes with that’s grabbing attention.

For those not in the know (like me, until I asked one of my kids), there are pictures known as “selfies,” pictures of yourself that you take yourself. These things are all the rage, and simple given that smartphones and other gadgets come with cameras and technology that can instantly post your selfie online.

Huawei’s new phone not only boasts front- and rear-facing cameras, it also comes with “auto facial-enhancing capabilities” to create “model-gorgeous shots you’ll want to share.”

That includes “object tracing focus, and instant facial beauty support” that can fix things like your skin tone and cut down on those wrinkles.

“Bold claims from Huawei,” analyst Ben Wood of CCS Insight said yesterday.

“Crank beauty level up to 10 and you can apparently look younger and more beautiful.”

(I’m not certain how many of the wrinkled generation are into selfies, but there you have it.)

The phones go on sale next month in Europe at a recommended price of €449, or almost $615, according to The Guardian.

Huawei is trying to compete with Apple Inc. and Samsung Electronics in what has become a heated and competitive market, using Google Inc.’s Android system on its smartphones.

Mr. Wood said the Ascend P6 has is strong in design and quality, and at the right price “will attract buyers who’ve not considered Huawei before.”

(If you’re really wrinkled, you can always visit Dr. Robert Sigal of the Austin-Weston Center for Cosmetic Surgery, who offers a “FaceTime Facelift” that’s aimed at making you look good on Apple Inc.’s iPhone and iPad FaceTime function.)

Streetwise (for subscribers)

Economy Lab

ROB Insight (for subscribers)

Business ticker

Single page

Follow on Twitter: @michaelbabad


In the know

Most popular video »


More from The Globe and Mail

Most Popular Stories