Latest International Business News
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Ryanair Annual Profit Rises 13
PARIS -- The budget airline Ryanair reported a 13 percent increase in annual profit on Monday, as Europe's protracted economic downturn continued to drive air passengers to search for the lowest possible ...
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Underground Lender Gets Death Sentence in China
BEIJING -- A businesswoman in southern China has been sentenced to death on charges of defrauding investors as the government tightens controls on informal financing that is widely used by ...
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Mantashe Zuma-Gupta relations is not our business
"Did the president take us into his confidence about the relationship between [him] and the Gupta family? I'm not sure if that is necessary," he told reporters in Johannesburg on Monday. "It is not the business of the NEC [national executive committee] who I relate to in my personal capacity. The question is whether the relationship impacted on the behaviour of the ...
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Met gagged Leveson evidence over police leaks to News of the World
Scotland Yard: it has been claimed the Met gagged the Leveson inquiry from revealing evidence about police leaks to the News of the World. Photograph: Oli Scarff/Getty ...
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Tumblr a big blank canvas in the world wide web
Meaning a Tumblr page is a big blank canvas. Users can post pictures, songs, links, videos or even the good old-fashioned written word. A page can be a platform for anything and everything its users find online and want to share. Or they can dedicate their blog to documenting a single, and often very silly, ...
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Louise Menschs former business partner Luke Bozier accepts caution
Louise Mensch says he has accepted a police caution five months after being arrested on suspicion of viewing or possessing indecent images of children.Luke Bozier, who has also been an e-campaigns manager for the Labour party, said he had never been a paedophile and that some of the allegations made against him after a private email account had been hacked were false.Ending what he called ...
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Business Lessons From the Bloomberg Scandal
But amid the controversy, the data breach offers uncomfortable lessons about how we conduct modern business in a digital era--and how we're unprepared to ensure online transactions remain secure and private. Seemingly everyone, from our employers to doctors, collect electronic data. We sign confusing waivers. We share massive amounts of information through e-mails and cloud computing ...
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Li Sino-India cooperation a blessing for the world
/enpproperty--> Chinese Premier Li Keqiang saidChina and India have agreed to regard each other as an opportunity for development. Li made the statement during a press conference in India. He said the cooperation between China and India can drive the world economy, and the deepening bilateral ties are "a fortune for Asia and a blessing for the world." China and India did not ...
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Christians Around the World Unite for Global Day of Prayer 2013
Christians around the globe gathered on Pentecost Sunday in stadiums, auditoriums, churches, homes, and some in secret places, to pray for the healing and blessing of their nations and the ...
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Chinese Dream belongs to the world
Former French Premier Jean-Pierre Raffarin compared the Chinese Dream to a vision that encapsulates a society in harmony and development, basically the mainstream view of the dream, says an article in People's Daily (excerpts ...
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New administration new thinking on economy
Premier Li Keqiang said at a State Council meeting that there was no longer much space left for economic stimulus. That symbolizes the thinking of the new administration, says an article in The Economic Observer (excerpts ...
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Crime at sea The worlds most pirate-infested waters
Where are the most pirate-infested waters in the world? CNBC gives the rundown. Like the Caribbean of old, the waters near Somalia used to be the most heavily pirated in the world. Now there's a new king of the pirates that's quickly become a headache for governments, shipping companies, cruise lines, energy firms, global conglomerates ...
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Tim Cook Says Corporate Taxes Too High
Seema Mody reports on Apple CEO Tim Cook's statement that corporate taxes are too high, ahead of his Congressional testimony next week. With Dean Garfield, Information Technology Industry Council, and Arthur Laffer, Laffer Associates ...
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Big reason for stock boom Companies buying back stocks
Arthur Laffer, Chairman, Laffer Associates, and Dan Greenhaus, BTIG, discuss the Obama economy in light of tepid profits. Seema Mody weighs in on why the market is still the place to be. It's the narcissist rally.Sure, there are plenty of forces pushing stocks higher -- record corporate earnings, small investors finally buying again, signs the U.S. economy may be strengthening, central ...
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Boeing Dreamliners back in the air after lengthy grounding
A newly delivered Boeing 787 Dreamliner touches down at the Haneda International airport in Tokyo on May 16, 2013. After 123 days being grounded and then repaired to ensure its battery systems do not catch ...
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Campbell earnings rise on ready-made soup sales
-0.46% reported its third-quarter profit rose to $181 million, or 57 cents a share, from $177 million, or 55 cents a share, a year earlier. Adjusted earnings per share were at 62 cents per share, compared with 56 cents per share a year earlier. Revenue rose to $2.09 billion, from $1.82 billion a year earlier, the food company said Monday. Analysts had expected earnings of 56 cents a share on ...
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Marsh on Monday Dislocation warnings on euro economy markets
LONDON (MarketWatch) - For months, European central bankers have been warning of dislocation between financial markets and the real economy. No one has paid much notice, with equities proceeding to new highs on hopes of ever-more central banking easing, coinciding with a continuing run of poor data confirming the miserable state of the euro-area ...
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Jeff Reevess Strength in Numbers China’s weak economy will hit these stocks hardest
If that's not enough for you, feel free to surf around for more troubling macro data. But rather than just spit out the figures,I'll focus on specific stocks and sectors that are at risk to help you protect your ...
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Floods cyclones … business and governments must wake up to disaster | Mark Tran
Companies will be looking increasingly at investment opportunities in Africa and Asia in coming decades as that is where growth is strong, but for most of them the risk of disasters is unlikely to be on the radar. Steps are being taken to try to change this mindset.In exploring investment opportunities, companies will look at political risk, access to natural resources and infrastructure. ...
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New Report on Global Automotive Glass Manufacturers
Plimsoll Publishing's Automotive Glass Manufacturers (Global) Analysis provides a detailed overview of the Automotive Glass Manufacturers (Global) market and delivers a comprehensive individual analysis on the top 300 companies, including ASAHI GLASS COMPANY LIMITED, CSG HOLDING CO., LTD. and VISTEON - AUTOPAL, S.R.O.. This report includes a wealth of information on the financial trends ...
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Health reform could bring new costs new business to temporary staffing agencies
Bill Maness, president of Syndeo. Temporary staffing agencies are taking a hard look at their business models ahead of the start of Affordable Care Act's most significant provisions, and some are changing their business models to avoid significant costs. The Wichita Business Journal reports that at Syndeo in Wichita, for example, temp contracts will be shortened to 75 days instead of 90, ...
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Do you know that there is a country up for sale Do you know that its finance agriculture and retail sectors are being put on the market Perhaps you are already aware of this due to various media reports. But then again maybe you are not be
Do you know that there is a country up for sale? Do you know that its finance, agriculture and retail sectors are being put 'on the market'? Perhaps you are already aware of this due to various media reports. But then again, maybe you are not because it's all being carried out behind closed doors in Brussels. The EU-India Free Trade Agreement (FTA), something that could ...
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RPT-Fitch Ratings to Host Global Banking Conferences in Nine Cities in June 2013
Mon May 20, 2013 8:56am EDT May 20 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings will host its annual Global Banking Conferences in nine cities, beginning Monday 10th June 2013 in Frankfurt. The conferences will highlight key credit and regulatory trends for the global banking industry, as well as individual ...
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Education Lessons From Around the World
There are lessons the U.S. can learn from its peers around the world. That was the message delivered by a panel of experts at a discussion hosted by the Center for American Progress last ...
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Ukrainian billionaire sues business rivals in London
KIEV (Reuters) - Ukrainian billionaire industrialist Viktor Pinchuk is suing two of his compatriots in London's High Court, saying they failed to hand over an iron ore business for which he paid $143 million (94 million pounds).The Krivy Rih Iron Ore Combine is one of Ukraine's top ten iron ore producers and made a net profit of about $100 million last year.Pinchuk, a son-in-law 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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