Latest International Business News
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GALLERY Boat hire business burns
See your ad here The blaze broke out in Lake Macquarie Boat Hire at 11.30am.Fire crews used breathing apparatus to enter the business, which contained paint thinners, resins and plastics.''There were lots of plastics which make thick acrid smoke,'' NSW Fire Brigades duty commander for Newcastle and Lake Macquarie Peter Nies said.''There was lots of heat so the ...
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Ferris wheel ride world record broken in Chicago
CHICAGO -; A manager of Chicago's Navy Pier rode the tourist spot's Ferris wheel for more than 2 days, bringing the world record for the longest ride to the birthplace of the amusement park ...
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Craft-brewing boom changes Grand Rapids culture economy
GRAND RAPIDS, Mich. - Greg Brown "can't claim to be a super connoisseur" of craft beers, but he does like to think he knows more than a little about the subject, and he has been a fan of Michigan brewers such as Founders Brewing and New Holland Brewing for a while now. Still, the 26-year-old Ferndale, Mich., resident was taken aback in February when he made his first trip to Grand ...
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Chinas maritime industry to keep growing
A new government report, made public on Monday, has predicted that China's maritime industry will see relatively fast growth in the next 17 years.The country's maritime industry is expanding fast and will reach a stable stage in 2030, said the report issued by the China Institute for Marine Affairs, attached to the State Oceanic Administration.In 2012, the maritime industry reported a ...
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International Connectivity Vital for Further Growth of the Islamic Banking Industry
Singapore, May 20. (BNA) -- More than 480 leading industry players, thought leaders and key regulators in the international and regional Islamic finance industry will be gathering from the 3rd to the 5th of June 2013 at the Pan Pacific Singapore Hotel, Singapore, for the 4th Annual World Islamic Banking Conference: Asia Summit (WIBC Asia 2013). To be held under the theme "Bridging the ...
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Netcare earnings on the rise
Profit from continuing operations, excluding exceptional items, advanced to R868-million in the six months through March, from R687-million a year earlier, the Johannesburg-based company said on Monday in a statement. Revenue increased 8.5% to R13.3-billion, with a weaker rand against the pound contributing to the gain. "We remain confident in the demand for private health care services ...
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SA scraps sovereign wealth fund plans
"The creation of a sovereign wealth fund is best timed with stable or rising commodity prices," Economic Development Minister Ebrahim Patel said in a written reply to a parliamentary question published on his ministry's website on Monday. "In light of current market conditions, no immediate steps are contemplated." The ministry proposed the fund in 2010 as part of its ...
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United Airlines new small business loyalty program
United Airlines is introducing a loyalty program designed for small businesses. Attention small businesses. United Airlines wants you to know your business is important to the carrier. Chicago-based United (NYSE: UAL) is launching a new United States travel loyalty program that will enable small businesses to earn and redeem miles. Participating businesses will earn award miles by purchasing ...
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Microsoft to unveil new Xbox Tuesday
Microsoft will unveil its new Xbox on Tuesday. What's underneath the hood of the latest videogame console represents a multiyear odyssey of trying to figure out how to keep the machine "cool" in the age of smartphones and tablets. Since the last Xbox debuted in 2005, Microsoft has produced multiple prototypes for a new console and experimented with different technologies for it, ...
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Navy Pier Staffer’s 2-Day Ferris Wheel Ride Breaks Guinness World Record
CHICAGO (STMW) – It didn't seem right to Clinton Shepherd that the birthplace of the Ferris wheel didn't hold the record for the longest Ferris wheel ride. "I thought Chicago should have that title," he said Sunday, after spending a record-shattering 48 hours, 8 minutes and 25 seconds awake riding Navy Pier's iconic attraction. The Chicago Sun-Times reports that ...
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McDowell moves to seventh in world golf rankings
Graeme McDowell, shown during the 2013 Masters, won the Volvo World Match Play on Sunday and moves to seventh in the men's world golf rankings. UPI/Kevin ...
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Shell pulls out of African downstream market
The major oil company Shell has sold its downstream businesses in 14 African countries for around US$ 1 billion. Shell products however still would be sold to ...
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Doing business in Africa becoming easier
Foreign investments in Africa are strongly increasing as the continent displays on of the world's highest growth numbers. African analysts hold that this is a consequence of improved business environments in ...
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Strategies Business schools eye their applicants level of emotional intelligence
Colleen Stanley What do Notre Dame, Yale, Dartmouth and the MIT Sloan School of Management business schools have in common, besides teaching sound business practices? Theyre beginning to harness the power of emotional intelligence (also known as EQ) as they screen appplicants. Measuring EQ is the latest attempt by business schools to identify the stars of the future. IQ is important for success ...
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HBOs Real Sports looks at KY Thorougbred breeding industry
The HBO program Real Sports sent a reporter to Kentucky recently to profile the statee Thoroughbred breeding industry. According to The Courier-Journal, the Bernard Goldberg segment Out to Stud will recount the recent death of the legendary sire Storm Cat and take stock of how the recession has impacted the industry. The show, hosted by Bryant Gumbel, initially airs Tuesday at 10 p.m. on HBO, ...
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Boeings 787 Dreamliner returns to the air Monday
United Airlines will be the first to fly the Dreamliner in service after it was allowed back in the air. Boeing's 787 Dreamliner is expected to return to the air in regular service today when a United Airlines flight from Houston to Chicago takes off. The entire Dreamliner fleet was grounded in January after a series of battery-related fires caused the Federal Aviation Administration to ...
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Gates takes back worlds richest man title
Gates Bill Gates has regained his title as the richest person in the world. The founder of Microsoft Corp. passed Mexican billionaire Carlos Slim by a mere $550 million, making Gates the wealthiest person for the first time since 2007, according to the Bloomberg Billionaires Index. Gates' fortune is valued at $72.7 billion and was aided by significant rises in Microsoft stock. The stock has ...
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Dubai is top target market for new retailers but London keeps crown as worlds retail capital
During the Eid holiday last year, Dubai malls opened around the clock for two days of the four-day weekend, with consumers flocking to the world's biggest shopping centre, the Dubai Mall, above. Sarah Dea / The ...
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Premarket World markets steady as investors weigh next Fed move
People under umbrellas walk by an electronic stock board of a securities firm in Tokyo, Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (Koji ...
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Saudi Arabia has some of the highest mobile charges in the world
According to a survey conducted by the Saudi Consumer Protection Association (CPA), mobile call charges in the Kingdom are among the highest in the world, with a rate ...
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Government budget cuts begin to impact Orlando convention business
Cutbacks in government travel are beginning to have an impact on Orlandos convention business. Cutbacks in government travel are beginning to have an impact on Orlandos convention business, Orlando Sentinel reports. The most recent example was the cancellation of the General Services Administrations training forum, which would have brought a $13 million boost to the local economy, the Sentinel ...
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Business leaders ask UK to stay in EU
Some of Britain's best-known business leaders have rejected calls for leaving the European Union, saying in a letter to a left-leaning newspaper that ';the economic case to stay in the EU is ...
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Taiwan make history by claiming men’s doubles title at World Table Tennis Championships
May 19 - Taiwan's Chen Chien-An and Chuang Chih-Yuan claimed a stunning victory in the men's doubles final at the 2013 World Table Tennis Championships in Paris to take the country's first ever gold medal in the history of the event. The seventh seeds went in as huge underdogs against the Chinese top seeds Hao Shuai and Ma Lin but in a thrilling clash, the duo prevailed in six ...
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Alessa Industries reveals expansion into Qatar
Alessa Industries Group, Saudi Arabia, has announced its plan to expand into the Qatari market and is may build a factory in the country in the future. CEO Eng. Yousef Al Mutlaq said: "The is based on the country’s promising potential. The move also reflects our commitment to supporting economic integration between the member nations of the Gulf Cooperation Council." Based in ...
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Worlds tallest Buddha statue finished
The construction of the world's tallest statue of Amitabha ("Infinite Light") was completed on Sunday in Jiujiang, Jiangxi province, according to China Youth Daily. The 48-meter-high statue cost 1 billion yuan ($162 million) and used 48 kilograms of gold for gilding. Construction funds came from disciples and philanthropists around the world, the report said. ...
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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