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"Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company's layoffs will happen gradually through 2012, with most cuts happening by the end of June, Reuters reported. The Salo plant is the last large cell phone manufacturing plant in Western Europe, as most businesses have moved their manufacturing to Asia. Last month, Nokia shed 2,300 workers from a plant in Komarom, Hungary and 700 others in Reynosa, Mexico as it too shifted much of its manufacturing to China. This new round of layoffs comes as part of a larger effort to cut costs following the €1 billion loss the company reported last quarter. "

US President Barack Obama has pressed China to recognise it is now a "grown up" economy and start behaving more responsibly on currency and trade issues hurting American companies. China needs "to understand that their role is different now than it might have been 20 years ago or 30 years ago when if they were breaking some rules it didn't really matter, it didn't have a significant impact," Obama said at the end of an Asia-Pacific leaders' meeting.

The ranks of the world's billionaires have yet again reached all-timehighs. The 2013 Billionaires list now boasts 1,426 names, with an aggregate net worth of $5.4 trillion, up from $4.6 trillion. 210 newten-figure fortunes are found out . Once again the U.S. leads the list with 442 followed by Asia-Pacific (386), Europe (366), the Americas (129) and the Middle East & Africa (103).

The market for home automation and controls is segmented into lighting control, security control, access control, HVAC control, entertainment control, communication protocols, standards & data distribution, outdoor control, and other controls. This report provides revenue estimates for North America, Central America, South America, Europe, Africa, Middle-East, Asia, and Oceania. Revenue estimates and forecasts are provided till 2018 for the home global automation and controls market and its sub-segment markets by product and geography.

After its IPO, LinkedIn is now ready to get Asia, particularly China.

According to a new report from McKinsey, the current internet revolution is driving economic change not seen since the 19th century. The research firm found that Sweden leads the world in internet contribution to GDP at 6.3%, but we were curious to see how Asian nations fared.

Last week, Zhongguancun, China's Silicon Valley had its plan approved for major changes as it aims to boost its total revenue to $1.54 trillion by 2020.

With Indonesia and Vietnam in its network, Hotel.com now has 15 localized websites in the Asia Pacific region including China, Japan and Korea, and a total of 77 worldwide.

With the biggest market among the South East Asia nations, Indonesia has become the target for many hardware makers. Which will win?

Two Asia-based social players teamed up today as mobile social network mig33 out of Singapore and uber-popular SNS GREE of Japan announced an agreement of cooperation.

At the Global Mobile Internet Conference in Beijing, there was a discussion on the development of the mobile internet in emerging markets around Asia. Here are some selected highlights.

Adding to the group buying frenzy in China and around the rest of Asia, Chinese travel service Ctrip just jumped into the fray with its own group-buying service for special hotel deals. The service can be found at deals.ctrip.com/group.

Are you considering Asia as a holiday destination this summer? If Indonesia is within your on your list, you should check Indonesia Travel's website.

The major market for additive manufacturing is in the Americas; however, Europe and Asia-Pacific are expected to grow at a high CAGR. The application market for additive manufacturing can be divided into the aerospace industry, the automotive industry, consumer products, healthcare, government and defense, industrial/business machines, education & research, and others (arts, architecture, and forensics). The additive manufacturing application in healthcare is expected to grow at the highest CAGR in the forecast period.