Latest International Business News
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Ukhand CM Bahuguna thanks PM Sonia says immediate priority is rescue and evacuation
Uttarakhand Chief Minister Vijay Bahuguna on Wednesday thanked Prime Minister Dr. Manmohan Singh for announcing 1,000 crore rupees relief and rehabilitation package for the flood-affected state, and said that the priority at the moment is to rescue those who are stranded and evacuate those who have to go out. "Today we met the Prime Minister and we expressed our gratitude to both the Congress ...
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UN officials voice outrage at deadly attack on world bodys compound in Somali capital
19 June 2013 150 Top United Nations officials have voiced their outrage at today's deadly attack on the world body's compound in the Somali capital, Mogadishu, while reiterating that it will not deter the Organization from helping the country as it proceeds on the path to stability and development. According to the UN Assistance Mission in Somalia (UNSOM), a pickup truck rigged with ...
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War drives number of forcibly displaced worldwide to 18-year high says UN report
19 June 2013 150 A United Nations report released today says that more people are refugees or internally displaced than at any time since 1994, with the crisis in Syria having emerged as a major new factor in global displacement. The annual Global Trends report, released by the UN High Commissioner for Refugees (UNHCR), shows that as of the end of 2012, more than 45.2 million people were in ...
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Brazil Protesters Turn World Cup Dream Into a Nightmare
Brazil's World Cup was supposed to be the country's shining moment, a big party on the international stage, a chance to display "the beautiful game" in world-class stadiums for billions of viewers. But one year away from the tournament, Brazil's dream is looking more like a ...
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Before the catastrophe Charle Emmerson on the world of 1913
The Unionist Party candidate, Captain Browne, amid supporters during a London by-election in April 1913, a world that was obliterated by the Great War. Topical Press Agency / Getty ...
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Boral closes woodchip export business
A HIGH Australian dollar, imports and some say a lack of adequate environmental standards have driven Boral Timber operations out of Newcastle after more than 30 ...
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Japan ruling party aims to cut corporate tax to revive economy
Prime Minister Shinzo Abe's ruling party vowed on Thursday to cut Japan's corporate tax rate to revitalize the world's third biggest economy, in hopes of winning an upper house poll in July and cementing its grip on power.The ruling Liberal Democratic Party (LDP) made the pledge in an election campaign platform issued a week after investors were disappointed by Abe's ...
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Microsoft’s dramatic reversal on much-loathed Xbox One rules
Interactive entertainment business president Don Mattrick seen at the Xbox One reveal, on Tuesday May 21, 2013 at Microsoft Studios in Redmond, Wash. Not even a month later several of the new console's key "always-on" Internet and anti-used-game digital rights measures have been dropped. (Stephen Brashear/Invision for ...
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Supreme Court to decide today if it will hear appeal in Rob Ford case
Toronto Mayor Rob Ford will find out this morning whether the Supreme Court of Canada revives a legal effort to turn him out of office over a conflict-of-interest case.The case centred on a vote in February of last year by Mr. Ford to let himself off the hook for failing to repay $3,150 in improper donations to the Rob Ford Football Foundation, which provides football equipment for ...
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World Bangladesh sentences to death 10 Islamists for suicide bombing
The 2005 attack on the bar association office in Gazipur, north of the capital Dhaka, was staged by the Jama'atul Mujahideen Bangladesh (JMB), to lobby for the introduction of sharia, or Muslim religious ...
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Kodak reaches deals for up to $895M in post-bankruptcy financing
ROCHESTER, N.Y. -- Kodak says it's secured as much as $895 million to fund its operations after it emerges from bankruptcy protection. J.P. Morgan, Bank of America Merrill Lynch and Barclays will supply senior secured term loans of up to $695 million. The banks also will arrange a senior secured asset-based revolving credit facility of up to $200 million. They've agreed to provide ...
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DealBook Former Trader Appears in London Court on Libor Fraud Charges
Tom A.W. Hayes, a former trader at UBS and Citigroup, outside a London court on Thursday with his lawyer, Lydia Jonson. LONDON - Tom A.W. Hayes, a former trader ...
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Junes Infringements package announced
The European Commission (EC) announced June's Infringements package. EC took 186 decisions, and referred 12 cases to the European Union's Court of Justice. The four cases out of the Infringements package concerning fining national governments were: (i) Environment: waste management in Campania, Italy; (ii) Transport:Belgian rules on intelligent transport systems; (iii) Maritime ...
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Maykel Reyes a gift for Football World from Cuba FIFA U 20 World Cup News
None of the members of the campus with which Cuba go to Turkey plays in clubs abroad, and the stars are the wheel Arichel striker Maykel Hernandez Reyes, who were crucial to his goals, five and six respectively. Cuba on Wednesday named 21 players for the football team that will compete in the U-20 Turkey, from June 21 to July 13, will mark his debut in a tournament of this category, a radio ...
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World Bank watchful as Fed signals tighter policy
BERLIN -- The head of the World Bank is pledging to ensure that financing for developing countries doesn't suffer when central banks in rich nations wind down monetary stimulus programs and raise interest rates.The U.S. Federal Reserve said Wednesday that it could start scaling back later this year its huge bond-buying program - aimed at keeping long-term interest rates low to boost ...
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Banned booze ads will only affect the economy - badly
" There is no statistical relationship between advertising expenditure and the consumption of alcohol in South Africa and the proposed ban would have a severe negative impact on the economy, " according ...
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Pleasant Prairie approves plan to encourage more offices manufacturing buildings
Journal Sentinel business reporter Tom Daykin talks about commercial real estate and development, including stores, hotels, offices, condos, apartments and industrial ...
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Obama commits to tough push on global warming
WASHINGTON - President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second term. "We know we have to do more - and we will do more," Obama said Wednesday in Berlin.Obama's senior energy and climate adviser, Heather Zichal, said the plan would boost ...
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Film students learn the business of storytelling
June 20--JACKSONVILLE -- On the floor of a converted warehouse Wednesday, Jana Tolliver steadied a light on a long, metal pole so it shone on an expanse of green-painted plywood. Also pointing at the green walls and floor were about a dozen other lights and one camera, waiting for action. Tolliver, 24, was one of a dozen teens and young adults in the warehouse to learn the basics of film ...
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Chief of Russias nuclear power industry say no equipment failures at Bushehr
St PETERSBURG, June 20 (Itar-Tass) - There are no technology failures at the nuclear power plant in the Iranian city of Bushehr, Sergei Kiriyenko, the Director of the Russian State Nuclear Power Corporation /Rosatom/ told Itar-Tass here Thursday. He said he would be informed on any technological problems there were they real. "If you have any requests for information on the ostensible ...
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Manufacturing firms stuck in a rut CBI survey shows
Britain's manufacturers have been stuck in a rut for the past three months, despite signs of a revival in other parts of the economy, according to the latest survey from the CBI.Output from the crucial industrial sector, which the chancellor hopes will spearhead an export revival, was flat in the runup to June.Stephen Gifford, the CBI's director of economics, said: "manufacturers ...
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Government to give stimulus package to industries
Accra, June 19, GNA - Government will in 2014, deliver a stimulus package to industries as an intervention measure targeted at the pharmaceuticals, food and beverages, manufacturing, cashew and horticultural ...
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With Gulliver Asleep The Lilliputians Are Almost Done Smothering The U.S. Economy
Jonathan Swift's classic novel Gulliver's Travels--and in particular the novel's first section in which the tiny Lilliputians succeeded in immobilizing Gulliver by binding him with thousands of their tiny, threadlike ropes--serves as a literary metaphor for today's American economy. While our friends on the left may complain that it is hyperbolic and chauvinistic to describe ...
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Fed Chairman Bernanke Optimistic about Economy
Federal Reserve Board Chairman Ben Bernanke is optimistic about an improving U.S. economy. He says the Fed will take a go-slow approach by continuing the stimulus, including the purchase of $85 billion worth of bonds each month. As the economy continues to improve, the stimulus efforts will be scaled back, he says. "We would continue to reduce the pace of purchases in measured steps ...
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World stock markets tumble as US stimulus slowdown prompts mass sell-off
Nikhil Kumar is The Independent's New York correspondent. He was formerly assistant editor on the foreign desk and has also done a variety of jobs on the city desk, where he wrote about markets, commodities and other business and economics ...
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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