Index.php

From Mchs Theater

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Blackberry manufacturer Research in Motion (RIM) has reported a quarterly loss, due in part to falling revenues on the back of weak smartphone shipments.
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EU foreign ministers have imposed a travel ban and asset freeze on the UK-born wife of Syrian leader Bashar al-Assad and other family members, diplomats say.
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The Canadian company made a net loss for the three months to 3 March of $125m (�78m), compared with a profit of $934m a year earlier.
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Asma al-Assad is among 12 people added to the sanctions list, which already includes her husband.
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Revenues fell to $4.2bn from $5.2bn.
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The ban cannot stop her from travelling to the UK, British officials say.
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The firm also suggested it would refocus on the corporate market rather than on individual consumers.
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Anti-government activists accuse the regime of killing thousands of protesters over the past year.
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It also announced the resignation of former co-chief executive Jim Balsillie.
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In recent weeks, the Damascus government has stepped up its efforts to crush pockets of rebellion in cities including Homs and Hama.
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Chief technology officer David Yacht will also be standing down.
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Russia and China have vetoed two UN Security Council resolutions on Syria for fear that intervention could lead to regime change, as happened in Libya last year.
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Shares in the company fell as much as 9% in after-hours trading following the trading statement. They have fallen by 80% over the past year.
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Mr Assad has promised political reform, but observers and his opponents have dismissed his plans as window-dressing.
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Shipments of BlackBerry smartphones in the quarter fell to 11.1 million, down 21% from the previous three-month period.
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The BBC's Chris Morris in Brussels says for years there was a perception that Mrs Assad's Western upbringing could encourage reform in Syria.
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Shipments of the company's PlayBook tablets hit 500,000, largely due to substantial discounting.
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The 36-year-old, who is of Syrian descent, was born in the UK and spent much of her life in west London. The UK Border Agency has confirmed that Mrs Assad is British.
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For the full financial year, the company made a net profit of $1.2bn, down from $3.4bn in the previous year.
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"British citizens subject to EU travel bans cannot be refused entry to the UK," a spokesman said.
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The results were worse than analysts had expected and RIM shares fell sharply in after-hours trading.
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Mrs Assad, who worked as an investment banker in the City of London before her marriage in 2000, has generally played a low-key role in the regime.
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Corporate focus
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RIM has struggled to keep up with rivals in the smartphone market, such as Apple's iPhone and handsets running on Google's Android operating system.
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The BBC's Caroline Hawley looks at Asma Assad's UK roots
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It has also struggled to gain a foothold in the tablet market.
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However, in February she wrote to Britain's Times newspaper to explain why she thought her husband was still the right man to lead Syria.
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Other members of Mr Assad's family have also been added to the sanctions list. The AFP news agency says these include Mr Assad's mother, sister and sister-in-law.

Revision as of 07:35, 31 January 2013

EU foreign ministers have imposed a travel ban and asset freeze on the UK-born wife of Syrian leader Bashar al-Assad and other family members, diplomats say.

Asma al-Assad is among 12 people added to the sanctions list, which already includes her husband.

The ban cannot stop her from travelling to the UK, British officials say.

Anti-government activists accuse the regime of killing thousands of protesters over the past year.

In recent weeks, the Damascus government has stepped up its efforts to crush pockets of rebellion in cities including Homs and Hama.

Russia and China have vetoed two UN Security Council resolutions on Syria for fear that intervention could lead to regime change, as happened in Libya last year.

Mr Assad has promised political reform, but observers and his opponents have dismissed his plans as window-dressing.

The BBC's Chris Morris in Brussels says for years there was a perception that Mrs Assad's Western upbringing could encourage reform in Syria.

The 36-year-old, who is of Syrian descent, was born in the UK and spent much of her life in west London. The UK Border Agency has confirmed that Mrs Assad is British.

"British citizens subject to EU travel bans cannot be refused entry to the UK," a spokesman said.

Mrs Assad, who worked as an investment banker in the City of London before her marriage in 2000, has generally played a low-key role in the regime.

The BBC's Caroline Hawley looks at Asma Assad's UK roots

However, in February she wrote to Britain's Times newspaper to explain why she thought her husband was still the right man to lead Syria.

Other members of Mr Assad's family have also been added to the sanctions list. The AFP news agency says these include Mr Assad's mother, sister and sister-in-law.

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