News Headlines - 04 March 2013

▽Apple’s Planned ‘IWatch’ Could Be More Profitable Than TV - Businessweek

While Tim Cook has dropped hints that Apple Inc. (AAPL) is hard at work on a television to drive the next era of growth, the company’s wristwatch-style device, still in development, may prove more profitable.

▽Borneo violence spirals into crisis for Malaysia, Philippines | Reuters

When dozens of armed Filipinos landed by boat on Malaysia's part of Borneo island last month claiming to be a "royal army" and pressing an obscure historic claim, it seemed like a bizarre incident that would soon be resolved and forgotten.

▽200 HSBC staff paid more than ￡1m in 2012 | The Guardian

HSBC paid 204 of its staff more than ￡1m in 2012, a year when Britain's biggest bank made profits of $20.6bn (￡13.7bn) despite being fined ￡1.2bn by the US authorities for helping Mexican drug barons launder money through the financial system.

▽Inflation Expectations May Be Rising in Japan - WSJ.com

As Japan's central bank focuses on convincing the public that prices will soon go up again, a raft of indicators suggests that inflation expectations could already be on the rise. Economists and central bankers say that for Japan to reverse a 15-year trend of deflation, the central bank must convince companies and consumers that price rises are imminent. That, in turn, should lead them to push spending plans forward to take advantage of current prices.

▽Lara Croft: the reinvention of a sex symbol | The Guardian

The Tomb Raider icon is back – and, according to her creators, has finally evolved from a cartoon-like adolescent fantasy into a rounded human and feminist. Are they right?