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SAN FRANCISCO, Nov. 3 (Xinhua) -- Computer chipmaker Advanced Micro Devices Inc. (AMD) on Thursday said it plans to cut its global workforce by about 10 percent in a move to reduce operational costs.The layoff will occur across all functions globally and is expected to be substantially completed by the end of the first quarter of 2012, the company said.The cuts will amount to about 1,400 jobs, according to estimates by analysts.Combined with implementing efficiencies across the company's operations, AMD expected that the workforce reduction will result in operational savings of more than 200 million U.S. dollars in 2012."Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," Rory Read, AMD's chief executive officer, said in a statement.As the world's second largest maker of processors for computers, AMD has been suffering from the slowdown of global PC market and is seen as slow to move into new mobile device market.The operational savings will help accelerate the company's future growth in lower power, emerging markets and in the cloud computing field, AMD said.

SAN FRANCISCO, Oct. 4 (Xinhua) -- Apple Inc. on Tuesday unveils iPhone 4S, the much-anticipated latest generation of iPhone.At the event held at Apple headquarters in Cupertino, California, U.S., newly installed Chief Executive Officer Tim Cook took stage to give a general introduction of Apple's products, his first product presentation after taking over the reins from Steve Jobs in August.According to Apple, there are several key features that make the new iPhone 4S different from the current iPhone 4. With a 3.5- inch widescreen multitouch display, the new device features dual- core A5 processor, the chip used in the iPad 2, and a higher- resolution eight megapixel camera which can grab 73 percent more light and take a 1080p high-definition video.The battery can support internet use up to six hours on 3G network and nine hours on Wi-Fi, as well as talk time up to eight hours on 3G and 14 hours on 2G. U.S., newly installed Chief Executive Officer Tim Cook takes stage to give a general introduction of Apple's products, Oct. 4, 2011. Apple Inc. on Tuesday unveils iPhone 4S, the much-anticipated latest generation of iPhone.Based on the dual-antenna design of iPhone 4, Apple said that iPhone 4S can intelligently switch back and forth between them to send and receive, improving the reception and throughput on the device. The iPhone 4S is also a world phone, which means both GSM and CDMA network customers can roam internationally on GSM networks on a single phone. It also supports HSPA+, a 4G mobile technology that allows for data transmission speeds up to 42 Mbps.Another important feature is the new voice control called Siri, an intelligent assistant that helps users get things done just by asking questions, such as call people, reminders, compose and dictate email, weather, stocks, search web and etc..For example, Siri understands users who are looking for a weather forecast when they ask questions like "Do I need an umbrella today," "What's the upcoming forecast," and "Is the weather going to get worse today."The iPhone 4S will run the latest version of Apple's mobile operating system iOS 5, which will be available as free update next Wednesday. The new iOS 5 has more than 200 new features, such as a deep Twitter integration, Notification Center and iMessage, a new messaging service.The latest smartphone also comes with the launch of iCloud, Apple's cloud computing service which automatically and wirelessly store users' content and push it to all Apple devices from mobile devices and music players to desktops and notebooks. Apple will launch iCloud next Wednesday."iPhone 4S plus iOS 5 plus iCloud is a breakthrough combination that makes the iPhone 4S the best iPhone ever," said Philip Schiller, Apple's senior vice president of Worldwide Product Marketing. "While our competitors try to imitate iPhone with a checklist of features, only iPhone can deliver these breakthrough innovations that work seamlessly together," said Schiller, who led the iPhone 4S introduction at the Tuesday's event.The new iPhone 4S will start at 199 U.S. dollars with a storage capacity of 16 GB and 399 dollars for the 64 GB model. The pre- orders begin on Friday and the phone will ship next Friday. Apple said that iPhone will be in 70 countries and regions, on 100 carriers when the roll out is done. In the United States, along with AT&T and Verizon, iPhone 4S will also come to Sprint, the third-largest mobile-phone carrier in the country.

HARBIN, Jan. 5 (Xinhua) -- A launching ceremony for the 2012 Sino-Russia Tourism Year was held in northeast China's Heilongjiang province Thursday.The initiative, along with an accompanying initiative to be launched in Russia in 2013, will boost people-to-people exchanges and consolidate Sino-Russian relations, Russian President Dmitry Medvedev said in a statement on Dec. 31, 2011.The initiative is the third of its kind to take place between China and Russia, following Sino-Russia National Year and the Sino-Russia Year of Language held in 2006 and 2009, respectively.The creation of the 2012 Sino-Russia Tourism Year is a vital decision made by leaders of both countries to boost the China-Russia comprehensive strategic partnership of cooperation, said Shao Qiwei, director of China's National Tourism Administration.The tourism year will serve as a platform to display the abundant tourism resources of the two countries, said Grigory Sarishvili, deputy head of the Russia Federal Tourism Agency.Statistics from Russian tourism authorities showed that the number of Chinese tourists to Russia during the first nine months in 2011 saw a year-on-year increase of 52 percent.

BEIJING, Dec. 14 (Xinhua) -- China's new yuan-denominated lending in November rose 7.8 billion yuan (1.2 billion U.S. dollars) year-on-year to 562.2 billion yuan, the People's Bank of China, the central bank (PBOC), announced Wednesday.New loans in the month were smaller compared to that in October, which stood at 586.8 billion yuan.By the end of November, the outstanding broad money supply (M2), which covers cash in circulation and all deposits, rose 12.7 percent year-on-year to 82.55 trillion yuan, according to data released by the PBOC.Meanwhile, the narrow measure of money supply (M1), which covers cash in circulation plus demand deposits, increased 7.8 percent year-on-year to 28.14 trillion yuan by the end of last month, the figures showed.New yuan deposits last month fell sharply to 324.7 billion yuan, down 262.6 billion yuan year-on-year. Outstanding yuan-denominated deposits totaled 79.51 trillion yuan as of the end of last month, up 13.1 percent year-on-year, however, the growth rate was 6.5 percentage points lower compared to the same period last year.Meanwhile, outstanding foreign currencies-denominated deposits stood at 266.8 billion U.S. dollars, up 12.9 percent year-on-year. New deposits of foreign currencies rose 4.1 billion U.S. dollars year-on-year.

SAN FRANCISCO, Dec. 13 (Xinhua) -- A Nokia executive has claimed that the youth of today are fed up with the iPhone and baffled by Android, U.S. media reported on Tuesday."What we see is that youth are pretty much fed up with iPhones. Everyone has the iPhone. Also, many are not happy with the complexity of Android and the lack of security," said Niels Munksgaard, director of portfolio, product marketing and sales at Nokia entertainment global, in an exclusive interview with technology news site Pocket-lint.He added that the youth today want to try something new and are turning to the Windows phone platform.Many tech bloggers and industry critics said Nokia, the once leader who is eager for a comeback in the mobile industry, should not trash-talk its competitors, noting that it should focus on breakthroughs like design, ecosystem of app developers to get back its place in the competition.Nokia has placed most of its bets on Windows phone platform as it introduced Lumia 800 and Lumia 710 in London in late October. It is also reportedly testing the 4G version of Lumia 800 in the United States.