Latest International Business News
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May 25th Global March Against Monsanto
Friday: The Nightly News. The Monsanto March: Freeing Ourselves From the Poison on our Dinner Tables. Plus, Mike Judge and The Invincible Modern Allegory ...
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Hollywoods visual effects industry in trouble
Iron Man is the latest superhero to take Hollywood by storm. The third film of the billion dollar franchise is packed with action and computer-generated visual effects that capture the imagination of the audience. To see Iron man donning his suit is pure joy for people who enjoy this genre. But the companies in Hollywood that make such visuals possible are in grave ...
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City honors World War I monument
Mayor Tom Henry joined local veterans, City Councilman Tom Didier and park officials Friday in rededicating a World War I memorial moved to McCulloch Park.The memorial, installed on Nov. 11, 1924, had been located behind a fence on the grounds of General Electric for the last 89 years. It has hundreds of names on it, all GE employees who served in World War I. Included are the names of six GE ...
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IOC official to observe FIBA 3x3 World Tour qualifier for Rio 2016 inclusion review
The World Class Swimming Programme, one of the five aquatic disciplines, within British Swimming is seeking a successful leader to strategically manage the Sports Science and Sports Medicine (SSSM) ...
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Qatars Nakilat set to enter luxury yacht business
Qatar Gas Transport Company (Nakilat) is to diversify from its primary operation of overseeing the world's largest fleet of LNG vessels and start building luxury yachts, the company's managing director told Arabian ...
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Are we ready for a mobile-first world
announced new capabilities in its network software to make video streams run more smoothly over mobile networks. Among other things, the enhancements can reduce video stalling by 90 percent, according to the company. But even Sandro Tavares, head of marketing for NSN's Mobile Core business, sees "mobile-first" viewing habits as part of the future. "Now that the networks are ...
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Will Rob Fords supporters leave Ford Nation
Will supporters continue to back Toronto Mayor Rob Ford following allegations that he was recorded on video appearing to smoke crack cocaine? (Nathan Denette/Canadian ...
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IMFs Lagarde avoids charges in French payout scandal
Lagarde was questioned for a total of 24 hours by prosecutors working for a court that probes cases of ministerial misconduct over her 2007 handling of a row that resulted in €400-million being paid to controversial business figure Bernard Tapie. "My status as assisted witness is not a surprise," she told reporters as she left the Paris courthouse late on Friday. "I have ...
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Tsunami forces Maldives election delay set to hit economy hard
The killer tsunami that battered the Maldives has forced the postponement of parliamentary elections, the government said Tuesday, warning the atoll island nation's tourist-based economy would be hit hard by the disaster.Chief government spokesperson Ahmed Shaheed said the economic damage to the atoll island nation was estimated at more than 1.3 billion dollars, or twice the tiny Indian ...
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Goway Launches Worlds Best Adventures Brochure
Goway Travel's exclusive adventure specialist division of ADVENTURESIncorporated, has announced the online launch of its 2012 World's Best Adventures brochure. The brochure contains over 50 of the world's best adventures and covers every style of adventure travel. Goway's most popular choices from Africa, Asia and Latin America are included. The adventures are as diverse as ...
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SITA World Tours Introduces Affordable India
SITA World Tours, a recognized leader in international travel for more than seven decades, has announced the introduction of Affordable India, an exciting, new tour product line designed to attract a growing budget oriented segment of the travel market. According to Hardeep Sidhu, SITA's Product Manager for India, the new collection of India itineraries is the result of an increased ...
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IOPS AGM sees strengthening measures for global oversight
The International Organisation of Pension Supervisors (IOPS) has approved a series of guidelines and reports which are designed to strengthen the supervisory oversight of global pension systems, and to protect vulnerable fund members and retirees. At its 2009 Annual General Meeting, IOPS agreed to these measures in relation to the recent challenging and volatile economic conditions. ...
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Aviva sets out plans for European business
Aviva is set to transform its European business by taking full advantage of the growth opportunities presented in the area, and will be integrating its businesses across Europe. In a review of its current presence in Europe, Aviva recognised that the European market offers strong growth potential, with the region’s personal financial assets standing at €40trn, and an ...
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EC’s OTC Derivatives consultation met largely with praise from industry
The Investment Management Association (IMA) has welcomed the European Commission’s consultation of OTC Derivatives, which aims to improve market infrastructure and to ensure an efficient, safe and robust derivatives market. The IMA particularly welcomes the consultation, which also seeks to improve this market following the credit crisis and Lehman administration, in its claim the ...
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PRI removes five companies from signatory list and pledges to step up transparency
The UN-backed Principles for Responsible Investment Initiative (PRI) has delisted five financial institutions from its signatories for failing to participate in its annual Reporting and Assessment process. Participation is mandatory for asset owner and investment manager signatories, although organisations new to the initiative are granted a grace year to allow them to observe and decide ...
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Greek economy in dire need of reforms
Greece is in need of radical reforms to its pension system if it is to cease being a burden on longer-term fiscal sustainability, and to prevent a rise in pension costs that would otherwise see these accounting for more than 20 per cent of GDP by 2050, warns the Organisation for Economic Co-operation and Development (OECD). In ...
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China snatches 18 swimming golds to spearhead Military World Games
Chinese swimmers maintained their momentum in swimming at the Military World Games on Wednesday, grabbing four more gold medals and obtaining 18 in total out of 36 available in the pool. After four days' competition at the Military World Games, which is set to close on July 24, Chinese military athletes altogether collected 18 golds from swimming and piled up 22 gold, leading the medals ...
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Six Chinese sailors to attend Clipper Round World sailing race
Six Chinese amateur sailors will embark on the yacht named Qingdao to attend the 2011-2012 Clipper Round the World Yacht Race, local sports administration said Wednesday. The six sailors, who are manager, journalist, college student and private entrepreneurs, took training for several months in Qingdao city and two-week training in England, said Lin Zhiwei, head of local sports general ...
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Ghana slips in FIFA world rankings
Ghana dropped further three places in the latest FIFA world ranking, the Ghana Football Association (GFA) announced here on Wednesday. A statement on the website of the country's footbal association said Ghana had slipped three places to 36th position in the world ranking from the previous 33rd position it was ranked in last month, on the world stage, while ranking 3rd on the continent ...
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Australian Karl Muggeridge to replace injured Xaus at World Superbike in UK
Australian motorcycle racer Karl Muggeridge will replace Ruben Xaus at the World Superbike races in Britain, as Xaus suffered from injuries due to a crash, Fox Sports Australia reported on Wednesday. Earlier, Castrol Honda team had fielded Alex Lowes after Jonny Rea was sidelined by injury, but the team has to pull in a second substitute after their second rider, Xaus suffered a horrible crash. ...
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We can let fission fizzle out in a renewable world
Why would anyone choose to reinvest in a form of power that seems not to have been harnessed properly? At Chernobyl and Fukushima the world had two very close shaves. Not a very impressive safety record for a technology that has been pampered with billions of dollars of investment over 60 ...
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China plans to reduce states role in the economy
The country’s new prime minister, Li Keqiang, said this month that the central government would reduce the state’s role in economic ...
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Ferrari World Abu Dhabi to move to 7-day ops
"There's been a growing demand for a continuous entertainment offering and the appeal of Yas Island as a leisure destination is now even higher," said Andy Keeling, park manager, Ferrari World Abu ...
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International Retirement Scheme opens to UK Limited Companies
A new tax-efficient Pension Trust that allows UK Limited Companies to provide retirement packages for their employees who have responsibilities outside the UK has been launched by s615(6) Limited. The International Retirement Benefit Scheme had previously only been open to direct clients, but for the first time will be offered as a new international pensions solution, and can stand ...
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Landmark securities fraud settlement reached against Shell
The largest securities fraud settlement ever has been reached in Europe, with a Dutch appeals court ordering Royal Dutch Shell plc to begin the payment of $381million, plus interest, to a foundation representing a group of institutional investors from 17 European countries. Investors from Canada and Australia were also represented, and in total more than 150 institutional investors were ...
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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