Latest International Business News
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Gearing for world without PCs
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New reports suggests global warming could be slower than first thought
Australia A new report says the planet may be warming more slowly in the short term than had been previously projected.The study published in the journal Nature Geoscience reveals that while the world has experienced its hottest decade since records began, the rate of average warming has been lower over the past decade.By using modelling based on data from the past 10 years, the report says ...
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Economic week ahead A great deal of talk
Over the coming days, global markets will take their cues from speeches by the heads of the Federal Reserve, European Central Bank and Bank of Japan along with a series of closely followed data releases. Here is your guide to the week ...
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Beijing means business Chinas premier comes to India bearing an economic olive branch
When Chinese Premier Li Keqiang arrives in New Delhi on May 19, it will be as the leader of an invigorated state pursuing the so-called Chinese dream of prosperity and national pride.With its top leadership for the next decade now firmly in place, the world's second-largest economy is anxious to position itself as a world leader and distance itself from the United States. China is focusing ...
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United to resume Boeing 787 flights after grounding over battery issue
United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. The incidents never caused any serious injuries. But the January grounding embarrassed Boeing, which makes ...
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Expectations high for Microsofts next Xbox game system
In this June 18, 2012 photo, Microsoft CEO Steve Ballmer comments on Microsoft Xbox before unveiling its new Surface. With the next Xbox expected to finally be revealed Tuesday at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (Damian ...
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Nigeria Imposition of 35 Percent Import Duty On CPO Detrimental to Industries
The recent imposition of 35 percent duty on importation of Crude Palm Oil, CPO, into the country by the federal government is beginning to take a toll on associated food industries, as they have started to experience acute shortages in supply of the product, industry stakeholders have said. They lamented that Nigeria produces a meagre 750,000 MT to 800,000 MT of CPO every year as against ...
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Business Notes May 20
Staff ReportsA group of women have formed a network of profession women to interact, exchange ideas, educate and empower each other. The National Association of Professional Women (NAPW) members will enjoy a wealth of resources, benefits and services dedicated to enhancing their lives and promoting their business and careers. NAPW will provide seminars, podcasts, webinars, keynote speakers and ...
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Big business demands lower wages in South Korea
During South Korean President Park Geun-hye's recent trip to the United States, business executives took the opportunity to demand the right-wing president attack the conditions of the South Korean working class. Accompanying Park to the US were 52 business leaders, the largest corporate contingent ever. They included major conglomerate heads, such as Lee Kun-hee of Samsung and Chung ...
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Thousands of mining jobs in Scotland in danger
Hundreds of open cast mineworkers were laid off and left with unpaid wages last month, following the collapse of Scottish Coal, the largest surviving mine operator in Scotland. Of the company's 758 workers, all but 142 have been made redundant. The company operates six open pit mines in East Ayrshire, South Lanarkshire and Fife. Scottish Coal was one of the private operators the emerged ...
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Bird flu costs China industry $65 bln
BEIJING (AFP) - China's human H7N9 bird flu outbreak has cost the country's poultry industry more than 400 billion yuan ($65 billion) as consumers shun chicken, government officials said, according to state media.The sector has been losing an average of one billion yuan a day since the end of March, the Beijing Times said on Monday, citing Li Xirong, head of the National Animal ...
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World Disgraced French minister bows out
Paying his debts He initially denied a report by an investigative website that he had an undeclared Swiss bank account until 2010. But after a meeting with investigating magistrates in April, he admitted to having the account, which contained about 600,000 euros (509,000; $770,000). He told the Depeche newspaper he had transferred the funds to France: he would pay his debts to the state and turn ...
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World Brazil paves way for gay marriage
The council that oversees the country's judiciary said it was wrong for some offices just to issue civil union documents when the couple wanted full marriage ...
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World Tunisia police clash with Islamists
Police also clashed with protesters in the central city of Kairouan where the Ansar al-Sharia meeting was planned. The government banned the congress last week, saying it posed a threat to public security. The group urged its supporters instead to gather for the meeting in Ettadhamen. Some 500 supporters were reported to have descended on Ettadhamen on Sunday, erecting barricades and hurling ...
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World Canada PM aide quits in expenses scandal
Canada say. Sen Mike Duffy, a former journalist, resigned from the Conservative caucus on Thursday two days after revelations about the cheque ...
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World Boko Haram in disarray
Boko Haram militants in the north-east of the country are "in disarray" and leaving the country in large numbers as a result of its offensive against ...
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World Nigeria offers amnesty to insurgents who surrender
amnesty on Sunday to Islamist militants who surrender and said 17 people had been killed on the fifth day of a military operation to try to crush ...
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Nifty Crosses 6200 On Global Cues
markets after Friday's data showed U.S. consumer sentiment rebounded to its highest level in nearly six years in early May. The benchmark BSE Sensex is currently up 126 points or 0.62 percent at 20,412, while the broader Nifty index is at 6,220, up 33 points or 0.53 percent from its previous close. Auto, metal and FMCG stocks are rallying, but healthcare and consumer durable stocks are ...
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McDowell Wins World Match Play Title in Bulgaria
Graeme McDowell of Northern Ireland celebrates after beating Thongchai Jaidee 2&1 in the final of the Volvo World Match Play Championship at Thracian Cliffs Golf & Beach Resort in Kavarna, Bulgaria. Photo by Getty ...
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New Xbox will be star of show at Microsoft event
The video-game industry’s health meter is blinking red, and its ammo belt is nearly depleted. Industry players are crawling through the darkness, frantically looking for first-aid kits and new weapons to get back into the action. Down one path a pulsing green light beckons, promising resuscitation, new capabilities and another round of fun. The light is coming from Redmond, where on ...
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Israel is worlds largest exporter of drones Report
Israel is the world's largest exporter of unmanned aerial vehicles (UAVs) in terms of number of systems sold, earning a whopping USD 4.6 billion in sales during the last eight years, excluding a major deal with India for the upgrade of unmanned aircrafts, according to a study by a business consulting firm. Frost & Sullivan business consulting firm in a study have noted that UAVs, or ...
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Will Economy nets hat trick as Bainbridge tops Glacier Peak 3-1 | 3A Boys Soccer
SNOHOMISH — The Bainbridge Spartans knew they needed a little luck or an early break. They have traveled this way before. That battle-tested attitude was rewarded and Will Economy registered a hat trick as Bainbridge turned back Glacier Peak 4-1 in the Class 3A state quarterfinals at Snohomish High School. The Spartans (12-4), who were the Class 3A state runners-up in 2011 before winning ...
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Lawrenceville native strives to fly from world’s wonders
Paraglider Jonathan Potter a native of Pittsburgh poses for a photograph in front of the Bent Pyramid in Dahshur, Egypt, Wednesday, May 8, 2013. sb/Photo by Shawn ...
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Tanzania Battling It Out in the World of Fashion
Dynamic full of energy with a keen eye for beauty, Subira Wahure has taken on the fashion industry in the country by storm with a penchant for promoting the African touch in her creations. She has proven that fashion design is not a career reserved for people who have nothing better to do with their lives. Woman Magazine coordinator, Mariam Said interviewed Subira and the following are ...
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Kenya Outdated Mining Law to Be Abolished - Balala
Nairobi - Mining Secretary Najib Balala on Friday assumed office with a promise to repeal the current mining law. Speaking to reporters at his new office situated at the former Public Works headquarters in Community, Balala described the current Act as archaic saying it does not deal with many concerns in the mining sector. He stated that the focus of the new law will be to ensure that all ...
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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