Latest International Business News
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Manufacturing one pair of sneakers emits 30 pounds of carbon dioxide
A typical pair of running shoes generates 30 pounds of carbon dioxide emissions, equivalent to keeping a 100-watt light bulb on for one week, a new MIT-led lifecycle assessment has revealed. But what's surprising to researchers isn't the size of a shoe's carbon footprint, but where the majority of that footprint comes from. The researchers found that more than two-thirds of a running shoe's ...
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Global obesity epidemic linked to addiction to unhealthy food
Research shows that high-fructose corn syrup can cause behavioural reactions in rats similar to those produced by drugs of abuse such as cocaine. These results, presented by addiction expert Francesco Leri, Associate Professor of Neuroscience and Applied Cognitive Science at the University of Guelph, suggest food addiction could explain, at least partly, the current global obesity epidemic. ...
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Chinese rail industry to see more orders
/enpproperty--> BEIJING - Booming demand for urban rail transit from an increasing number of Chinese cities would reignite the railway equipment industry, the China Securities Journal reported Friday. The National Development and Reform Commission (NDRC) on Thursday revealed an urban transit plan for Kunming, capital of Southwest China's Yunnan province, that features a total investment ...
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Chinas cement industry to face tougher emission rules
China is mulling a tougher national standard on nitrogen oxide (NOx) emissions from cement factories amid public calls to clear up both air pollution and the sector's excess production ...
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The World Today podcast Zimbabwes new constitution
Zimbabwe President Robert Mugabe signs draft constitution. Zimbabwe's president of 33 years, Robert Mugabe, on Wednesday signed a new constitution which many believe offers the southern African country its first real hope for political and economic revival. Zimbabwe’s people have suffered more than a decade of murderous repression by the regime, collapse of the country's once ...
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Finance Minister to launch consumer information campaign
The Minister for Finance Michael Noonan, along with the EU Commissioner for Consumer Policy, Tonio Borg, will launch an EU information campaign targeted at consumers today.The aim of the European Consumer Credit Campaign is to make people more aware of their right when they take out credit.It is hoped that by giving people more information in relation to credit that they can make a more informed ...
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Foreign selling of dollar sparks Unilever inflows talk
Unilever Plc plans to pay up to $5.4 billion to raise its stake in its Indian subsidiary Hindustan Unilever Ltd. The open offer will open on June 21 and close on July ...
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Tanzania TRA Considers Evaluation of Personal Corporate Income Taxes
THE government is contemplating evaluation and design of administrative issues related to individual and corporate taxes to achieve equity, economic efficiency, revenue growth and adequacy as well as stability and administrative simplicity. Tanzania Revenue Authority (TRA) Commissioner General Harry Kitilya said in a statement in Dar es Salaam that, Tanzania was within the performance benchmark ...
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5 climbers feared dead on worlds 3rd highest peak
KATMANDU, Nepal — A Nepalese official says five climbers are missing and feared dead on the world's third highest mountain. The five disappeared Monday on Mount Kanchenjunga, and bad weather was preventing a rescue helicopter from reaching the base camp. Mountaineering Department official Dipendra Poudel said Friday the climbers were descending from the summit when they were ...
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Japans ANA to resume Boeing 787 flights on Sunday
TOKYO (AP) -- Japan's All Nippon Airways, the launch customer for Boeing's 787 "Dreamliner," will resume commercial flights of the aircraft on Sunday, just over four months after the jets were grounded due to smoldering ...
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Muhammad Yunus Business is a beautiful mechanism to solve problems | Liz Ford
Muhammad Yunus: 'We assume human beings are one-dimensional, all they do is make money, so we've created a money-centric world.' Photograph: David Levene for the ...
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Sears Corporation Offers $20 To Residents Affected By Oklahoma Tornadoes
In the wake of the recent tornadoes in your area, I want to extend a hand during this difficult time on behalf of Sears Holdings Corporation. We have added $20 in free points (20,000 points) to your Shop Your Way Rewards account. Please use them toward whatever supplies you need from Sears or Kmart through 5/29/2013. It's a small gesture to help our Shop Your Way Rewards members. Thank ...
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Australia economy strong despite end to Ford production PM
SYDNEY (AFP) - Australian Prime Minister Julia Gillard moved to allay fears about the economy on Friday saying it had strong fundamentals, after US carmaker Ford announced an end to production in the country.Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian ...
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Towhey told Ford to go to rehab Source
Rob Ford ducks reporters asking about crack allegations Mayor Rob Ford fired his chief of staff Thursday after growing tired of Mark Towhey urging him to go to rehab, the Toronto Sun has learned. Towhey was walked out of the mayor’s office by City Hall security and at least one councillor said his firing was "football" related. But a source familiar with the situation told the ...
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Cause of PC malaise Designs not compelling says Intel
(Credit: CNET) PC designs have been lackluster, offering no good reason to upgrade, according to an Intel executive speaking at the company's Spring Analyst Summit in London. Navin Shenoy, vice president and general manager of the Mobile Client Platform division, was responding to a question from an analyst when he said the following on ...
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Sony to Sell $1.5 Billion in Corporate Bonds in Japan
The five-year bonds, to be issued in June, will be the first sale to retail investors in Sony's history as the company looks to widen its fundraising ...
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Charleroi-based firm lands day reporting center contract
Fayette County commissioners awarded the contract for a day reporting center for criminal offenders to a Charleroi-based agency. Commissioners on Thursday voted unanimously to enter into a contract with Southwest Behavioral Care Inc., an affiliate corporation of Southwestern Pennsylvania Human Services ...
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Ford Cliff firefighters head to Oklahoma
Josh Adams, one of five Ford Cliff volunteer firefighters going to Oklahoma, checks out equipment Thursday that can be used to help with clean up efforts in communities devastated by the tornado. BRIGID BEATTY I LEADER ...
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Pittsburgh panel to promote diversity in business
That bothers a group of business executives and public officials, dubbed the Corporate Equity & Inclusion Roundtable, who said Thursday they will work to boost the metro region's dubious standing near the bottom of rankings that gauge minority employment and demographic ...
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PQ to extend francisation laws to federal companies
QUEBEC -- The Parti Qubcois cabinet will adopt regulations to require companies operating in Quebec under federal jurisdiction to submit to francisation -- meaning they must demonstrate their employees can work in French.Premier Pauline Marois clarified the PQ position Thursday after a statement by Jean-Franois Lise, her minister in charge of improving relations with Quebec anglophones. Lise ...
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Sun Pharma falls after Taros earnings disappoint
Shares in Sun Pharmaceutical fell 3% after its unit Taro Pharmaceutical Industries Ltd posted a lower-than-expected January-March net profit, dealers ...
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Australia economy strong Julia Gillard
Ford announced an end to production in the country. Ford said Thursday it will stop making vehicles at its unprofitable Australian plants in 2016, prompting concern for the manufacturing industry which is struggling due to the high Australian dollar. Gillard admitted the Ford decision to halt production and cut 1,200 jobs had made people anxious. But she said: "Even with Ford's ...
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Taiwan April manufacturing production index down says MOEA
Taiwan recorded a manufacturing production index (2011 as base year) of 100.02 for April 2013, decreasing 1.32% on month and 1.18% on year, according to statistics released by the Ministry of Economic Affairs (MOEA) on May ...
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Chit fund companies did not spare even sex workers in West Bengal
The chit fund fraudsters did not even spare sex workers in West Bengal. Trapped by the cheats to invest their hard-earned savings in ponzi schemes, thousands of sex workers in the state's red-light districts have lost crores of rupees.A majority of investments were made in the Saradha Group, which is under the scanner for defrauding lakhs of investors. According to a survey conducted by an ...
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BOJ Kuroda vows to calm JGBs guide economy to recovery
By Leika KiharaTOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market operations and engineer a steady recovery in the world's third-largest economy.Kuroda said the central bank's aggressive monetary stimulus launched in April was a "necessary and sufficient" step to achieve ...
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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