Latest International Business News
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Workers demand more action from Italian government
Protesters marching in the tens of thousands rallied in Italy on Sunday to rail against the policies of the new coalition government. Around 100,000 protesters, led by trade unionists, converged on Rome to wave red flags and placards, urging changes to austerity measures. The union-led crowd called for the new government of centre-left Prime Minister, Enrico Letta, to focus on job ...
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Americans find happiness in household wealth
Americans are at their most optimistic since 2007 according to a Thomson Reuters/University of Michigan index of consumer sentiment. The preliminary index has shown optimism increased to 83.7 in May as stocks surged and real estate climbed. With record stock prices boosting household wealth and unemployment down in some areas, consumers were able to see their way through the effects of ...
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Hackers take on Financial Times web site
Britain's Financial Times was hacked last week by a mysterious group calling itself the Syrian Electronic Army. The newspaper's technology blog was hacked to display a slogan saying: "Hacked by the Syrian Electronic Army." Several Twitter feeds run by the Financial Times were also plastered with similar slogans. The FT later said its blogs and social media accounts had been compromised ...
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Hackers get into important Saudi websites
The Saudi Arabia state news agency has reported a coordinated attack on the country's government websites. Several government websites in Saudi Arabia came under heavy cyber attacks last week, shutting them down for a short time. The attacks have been traced to IP addresses from a number of countries. Saudi investigators found the attacks had been launched from hundreds of Internet ...
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Digital world creeps up on Target
Target Corp has opened a new office base in San Francisco in order to discover technology ideas. With the second-largest US retailer trying to grow its online commerce business, a Technology Innovation Center has been set up to develop mobile commerce, which has become a particular focus of retailers because new technology allows people to use their mobile devices to shop. With a huge ...
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SUV passengers more likely to survive crashes
Passengers in SUVs are now known to be more likely to survive a serious crash. A new study conducted by the University of Buffalo in the US has found the driver of the SUV is as much as 10 times more likely to survive in a head-on collision where a passenger car is involved. While automakers have taken steps to improve safety in normal passenger cars, such as changing bumper designs on ...
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Letta says perks will be stopped
Italy's coalition government has promised to abolish some salaries and perks which are handed out to government ministers. A controversial property tax will also be abolished, or frozen, by the new government of Enrico Letta, who has also promised to do away with the double salary received by some parliamentarians. Before the election, it had been mooted by Letta's coalition partners that ...
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Famous artists bring big money at auction
Paintings by Jackson Pollock, Roy Lichtenstein and Jean-Michel Basquiat smashed all previous auction records at Christie's in New York during the week. In fact, several works by popular artists brought extraordinary prices. The items made $495 million for their owners at the valuable sale of postwar and contemporary art at Christie's. However, a single Andy Warhol Painting of Marilyn ...
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Lower charges expected for Thai 3G users
3G operators in Thailand have all agreed to cut their tariffs. The Thai National Broadcasting and Telecommunications Commission has been pressuring providers to lower all their 2G and 3G tariffs by 15%. The three 3G mobile operators, Advanced Info Service, Total Access Communication and True Move have said they will launch new 3G tariff packages to reflect the request by government. It ...
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Spain sees rise in surplus
Spain has reported a trade surplus, the first since 1971. With imports slumping due to austerity measures, the first monthly trade surplus for more than 40 years is being seen as a positive development. However, the country is still suffering from an economic downturn with unemployment in Spain now running at 26.7%. The surplus of 634.9 million euros in March reflects a 15% plunge in ...
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Kirani James talks up Grenada relay team
World and Olympic 400 metre champion Kirani James has warned that Grenada is capable of producing a relay team as a force to be reckoned with in world athletics. The Grenadian quarter-miler has identified three of the country's overseas-based athletes who he believes can form a quartet with himself to compete against the best in the world, reports CMC. They include Rondell Bartholomew who has ...
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Kirani James outpaces rivals to win in Shanghai
World and Olympic champion Kirani James powered to victory against his main rivals from London 2012 Olympics in the 400 metres at Shanghai's Diamond League meet. The Grenadian quarter miler raced ahead on the final bend to edge 2008 Olympic champion, the USA's Lashawn Merritt, into second place Saturday, reports Xinhua. Luguelin Santos of the Dominican Republic, the silver medallist from last ...
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Senator warns US lack of foreign policies may lead to modern-day Hitler invasion
A senior US Senator has posted on Twitter that the country is not working on its foreign policies as of now, remembering that last time when the country had no foreign policies Hitler had started the World War II. Senator Chuck Grassley of Iowa is known for his unusual Twitter feeds referring history, the Huffington Post reports. Grassley has warned that a modern-day Hitler invasion is ...
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DPR Koreans win mixed doubles at table tennis worlds
DPR Korea's Kim Hyok Bong and Kim Jong claimed the mixed doubles title at the World Table Tennis Championships here. This is the first individual title at the world championships that was won by a non-Chinese player or pair since it was last held here 10 years ago. China has cleans wept all titles since, reports Xinhua. The two Kims defeated Lee Sangsu and Park Yongsook of South Korea in the ...
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Belgian golfer loses Bulgarian competition after forced to tee from toilet
A Belgian golfer had crashed out of the World Match Play Championship in Bulgaria after he was forced to play out of a toilet. Defending champion Nicolas Colsaerts was beaten by Ryder Cup colleague Graeme McDowell 2 and 1 in the quarterfinals on the Thracian Cliffs course after his tee shot flew into a public toilet close to the green, The Age reports. The report further said Colsaerts was ...
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Lara Bingle looking forward to some private time
Lara Bingle has revealed that she could have a new boyfriend, a new business venture and a new series this year, but wants to be more private this year. Australian cricketer Michael Clarke's former girlfriend told Confidential magazine that she can do a second series of reality show 'Being Lara Bingle' if she wants to, although Channel 10 has denied it by saying that there is nothing planned at ...
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Rousseff opens Brasilia World Cup stadium
Brazilian president Dilma Rousseff officially opened Brasilia's Mane Garrincha World Cup stadium. Despite controversy surrounding delays and cost overruns, Rousseff said the 71,000-seat venue was now the source of pride among Brazilians, reports Xinhua. "A year ago they said that we wouldn't build our stadiums, that they wouldn't be ready. But now we are seeing that the stadiums have been ...
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McDowell defends slip about McIlroys leaving Nike deal agency
Northern Irish golfer Graeme McDowell has defended his slip about World No.2 Rory McIlroy leaving his management company, saying that although the move is not yet confirmed, it is already being much talked about in the golfing world. For weeks there have been whispers at big events in America that McIlroy is about to leave Horizon, the Dublin-based management agency that negotiated his 20 ...
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Labour party calls for country-by-country reporting
Reuters © Britain's Prime Minister David Cameron (L) and the leader of the opposition Labour Party Ed Miliband leave after a service to mark the 20th anniversary of the murder of teenager Stephen Lawrence, at St Martin-in-the-Fields church in London April 22, 2013. REUTERS/Luke ...
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World Record US lottery prize won in Florida
UN Secretary General Ban Ki-moon voiced concern on Sunday over North Korea's launch of short-range missiles, urging Pyonyang to refrain from further launches and return to stalled nuclear talks with world ...
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McDowell claims World Match Play title
19 May 2013 Graeme McDowell has become the first Irish winner of the Volvo World Match Play Championship with a hard-fought victory over Thongchai Jaidee in ...
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Federal Rules Least of Coal Industrys Problems
May 19--To see how mercurial a coal-fired economy can be, look at Wise County in Virginia's southwest corner. There were about 10 percent more people living there in 1920 than live there today, and the population has gone up and down like a roller coaster over the years. Instead of steady growth, the county and others in Virginia's share of the Central Appalachian coal belt rise ...
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World Touring Car qualifying descends into go-slow farce – video
Watch the conclusion of the qualifying session for the World Touring Car championship in Salzburg, as drivers get down to speeds of 20mph. The desire to be in second place - and drive in the slipstream - led to an incredible display of drivers going in front before slowing down in the hope that someone would pass them, with the cars behind in turn also slowing down. A total of 12 drivers were ...
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As farmers age planning for the future of their business grows
The aging farming population is forcing more operators to deal with the complexities of how to pass along the business to the next generation. Advocacy groups are trying to provide ...
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Zimbabwe Govt in Dilemma Over Illegal Chinese Mining Activities
THE Ministry of Mines and Mining Development says it is in a dilemma over how to deal with some Chinese nationals who are carrying out mining activities without licences and destroying the environment. Deputy mines minister, Gift Chimanikire said some Chinese nationals were illegally carrying out mining activities. He said the Chinese claimed they had been given the green light to do so by the ...










