Latest International Business News
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The lady making A Small World smaller
Somewhere along the way, A Small World (ASW) stopped being quite small enough. The exclusive, invitation-only social networking site, one of the first to launch back in 2004, started out as a tight-knit community where the world's movers and shakers could connect with similarly privileged and influential individuals. "In the beginning it was more of a social register - a who's ...
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Perspex is clearly superior in the fashion world
This season saw the introduction of a new material to clothing and accessories - Perspex. The shiny, see-through medium took shape in trench coats and caplets at Burberry, in the chunky heels of shoes at Stella McCartney and in boxy clutches at Valentino and Chanel. Perspex excels in its durability (as opposed to easily scratched calf leather) and its ability to lend your look an instant ...
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World U.S. cites Russia China among worst in human trafficking report
While the Chinese government has taken some steps to address the problem, such as vowing to work with international organizations and increasing public awareness, it also has continued to perpetuate the problem in hundreds of its own institutions, the State Department report ...
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UK Regulator Finds RBS Barclays Lloyds Have Capital Shortfalls
The Prudential Regulation Authority or PRA has found that five British banks together have a capital shortfall of 27.1 billion pounds. These banks include Barclays Plc. ...
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SNB Retains Interest Rate Franc Cap Says Risks To Economy Remain High
economy from external developments remains high. The target range for the three-month Libor was also left unchanged at 0.0-0.25 percent. The decision was in line with economists' forecast. "Tensions can reappear at any moment on global ...
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Fed Warns Stimulus Package Will Be Ratcheted Down
Investors have been nervous about the Federal Reserve's intentions after hints that it might reduce its massive bond buying program. Amid volatile markets, traders and investors complained they wanted more clarity. Chairman Ben Bernanke obliged on Wednesday after a regular two-day meeting of Fed ...
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Belief in global warming dips after cold winter
Previous research has shown that public opinion on climate change often shifts in response to weather events that seem to support or refute a warming ...
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AstraZeneca Moves New Global Head Office To Cambridge
AstraZeneca has announced it is opening its new corporate headquarters and global research and development center at the Cambridge Biomedical Campus, Cambridge, UK. The site will be ready by 2016, where 2,000 office and research & development staff will work. The company announced in March this year that it was investing UK330 million (US$511 million) on a facility in Cambridge as part of ...
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Shale gas extraction in Europe not affect world energy balance
ST. PETERSBURG, June 20 (Itar-Tass) - The extraction of shale gas in Europe over years to come will not influence the world energy balance, the executive director of the International Energy Agency, Maria van der Hoeven, said at the presentation of a report on the condition of the world gas industry in the medium term. "Let me give you an example. Annual gas production in Poland today is ...
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Bank of Russia doubts if weaker ruble may help Russian economy
ST. PETERSBURG, June 20 (Itar-Tass) - The Bank of Russia believes that a weaker ruble will be of no help to the Russian economy, the bank’s deputy chairman Alexei Ulyukaev told the media on Thursday. Earlier, Economic Development Minister Andrei Belousov said that the ruble’s firming was fraught with certain risks to the Russian economy. "Calculations indicate that the ...
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U.S. Minorities Less Confident in Police Small Business
PRINCETON, NJ -- U.S. nonwhites express greater confidence than whites in most major institutions in the country, particularly the presidency, television news, and Congress. Whites are more confident than nonwhites in the military, the police, and small ...
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Business Leaders Send Strong Message to Putin
Business leaders at the Saint Petersburg International Economic Forum (SPIEF) told CNBC that they want to see Russia reform and re-engage with the outer world, politically and economically. Bernard Sucher, former country head of Bank of America Merrill Lynch in Russia who is now at the Russian investment firm Aton, told CNBC that Russia had to urgently address structural reforms. "The ...
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World Refugee Day home is but a faint dream
Bangladeshi refugee Nazmul Huda, nicknamed Arif, 26, who fled with his friend Delwar, plays an electronic game on his phone in his shack inside a quarters at the rural Ping Chi in Hong Kong's New Territories June 19, 2013. ...
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Russian Stadiums Below Par for 2018 World Cup - Official
MOSCOW, June 20 (R-Sport) - Every one of Russia’s stadiums being built for the 2018 World Cup is having trouble meeting the standards set by world football’s governing body FIFA, the official in charge of compliance said on Thursday. FIFA sets out a wide range of requirements for each World Cup arena, with standards covering everything from total capacity to media and VIP ...
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Russia hosts FIFA World Cup 2018
Every one of Russia's stadiums being built for the 2018 World Cup is having trouble meeting the standards set by world football's governing body FIFA, the official in charge of compliance said on ...
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Gold retreats to one-month low on Fed comments
Gold fell for a fourth day to the lowest level in a month as the Federal Reserve Chairman Ben Bernanke said asset purchases may be reduced later this year as the United States economy recovers. Silver sank to a one-month ...
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Asia dominates worlds most expensive office spaces report
NEW YORK (Reuters) - Five of the six most expensive office areas in the world are in Asia, as demand by global companies to locate their outstripped the supply, according to a semiannual report released on Thursday by real estate services company CBRE ...
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Euro-zone manufacturing PMI rises to 15-month high
LONDON (MarketWatch) -- The euro-zone downturn eased in June, with the manufacturing sector contracting at the slowest pace in 16 months, data from Markit showed on Thursday. The preliminary manufacturing purchasing managers' index for the euro zone rose to 48.7 from 48.3 in May, beating expectations of a 48.4 reading. A reading below 50 signals contraction. The composite output PMI reading ...
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VIDEO David Cameron Visits DP World London Gateway
On June 10th 2013, Prime Minister David Cameron delivered a keynote speech at DP World London Gateway, in which he described the project as an ';emblem of ...
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Ghana China Ghana Work Closely to Tackle Illegal Mining
Accra - China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday. Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of ...
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Alcoa Forms Closed-Loop Program with Boeing for Aluminum Aerospace Alloy Recycling
Boeing and Alcoa today announced they have formed a closed-loop program to significantly increase the recycling of internal aluminum aerospace alloys used during the production of Boeing airplanes. The announcement was made at the Paris Air Show at Le Bourget, ...
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Emirati pride as worlds longest potline structure is complete at EMAL
WAM ABU DHABI: On June 4th, Emirates Aluminium (EMAL) celebrated the installation of the final steel structure for the potline of its Phase II expansion. With the final one of 120 specially designed steel structures provided by Emirates Steel now in place, it means that all the major civil and mechanical work on the world's longest single potline of 1.7km is now complete and EMAL remains on ...
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Internal factors have deep roots. The main reason is the collapse of the Ottoman Empire after the First World War and the Turkish Republic established by the father of the Turks Kemal Ataturk. There is a huge mass of people more than half of
Is this a chain reaction or mass epidemic? Either way, the fact remains - the political upheavals in the Muslim world that began in Tunisia swept across North Africa and Syria, and now a wave of instability has reached Turkey. A member of the Presidium of the Academy of Geopolitical Issues Araik Stepanyan analyzed this complex, ambiguous situation in the ...
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CORRECTED-AIRSHOW-UPDATE 1-Boeing launches 787-10 with $30 bln of orders
Thu Jun 20, 2013 4:21am EDT (Corrects first paragraph of June 18 story to make clear orders are provisional not firm) * Boeing says has 102 orders from five customers * Air Lease, GECAS, Singapore, BA, United order 787-10s PARIS, June 18 (Reuters) - Boeing launched the 787-10 version of its flagship Dreamliner aircraft at the Paris Airshow on Tuesday with 102 provisional orders worth nearly $30 ...
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Political uncertainty a drag on business
If Prime Minister Julia Gillard hoped to bring certainty when she unexpectedly called the September 14 election date back in January, a leading business group says it hasn't worked. Australian Chamber of Commerce and Industry (ACCI) chief economist Greg Evans says political uncertainty this year has added to the woes of ...
South America Featured
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Shipping Wars: Uruguay and Argentina face off over rival port expansion plans
Argentina and Uruguay both want to be the shipping hubs of South America, or southern South America at least, and both are planning to considerably expand their port infrastructure in Buenos Aires and Montevideo respectively, which is leading to considerable diplomatic strain.
Argentina is a regional power in South America, the country is considered one of the more developed nations on the continent on-par with Uruguay (on paper at least, with a similar per capita income and Human Development Index rating) although the country occupies a majority of the continent with Brazil and presides over a massive coastline. Read more
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