Christine Lagarde, Managing Director of the International Monetary Fund (IMF), stated that the current global crisis is worse than the financial meltdown in 2009. A report from the Associated Press quoted Lagarde saying that we can no longer afford to deal only with the situation inside our national borders, because the world economy is interconnected. According to her, “This crisis does not recognize borders. This crisis is knocking at all our doors.” Lagarde’s statement...
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Annabelle Bennett, an Australian Federal Court judge, deems the Samsung, Apple 3G litigation wrangles to be ridiculous. The judge who is overseeing the global case in its preliminary levels, with regard to U.S and U.K proceedings, noted that the ‘ridiculous’ drama was not typical of other companies. “Why on earth are these proceedings going ahead?” An evidently surprised Bennett questioned while directing her attention to lawyers in the court room. Bennett went on to add that...
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