Latest International Business News
RSS-
Putin gives instructions to help injured in shell explosions consider material aid
MOSCOW, June 19 (Itar-Tass) - Russian President Vladimir Putin had a telephone conference on Monday, listening to reports by the Samara region governor, the emergencies minister, the defense minister and the healthcare minister on the situation around the city of Chapayevsk, where shells exploded at a testing range, Putin’s spokesman Dmitry Peskov has said. According to him, "the ...
-
Nakheel says more The World projects set to launch
Several owners of islands bought on The World project off Dubai's coast are dusting off plans to launch projects, according to master developer ...
-
HM Earnings Drop More Than Expected
H&M , the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings, hit by still sluggish consumer morale and bad weather in its main European market. The Swedish company said it was entering the third quarter with higher inventories than planned and the situation remained challenging in many of its major markets, but sales had got off to a ...
More International Business News
RSS-
DP World extends maturity date on $1bn loan
DP World, the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1bn revolving credit facility for an additional year as it secured attractive market ...
-
HM sales earnings slump
(20 mins ago) Swedish fashion retailer Hennes & Mauritz, which has stores in Hong Kong, says profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns of its products. The company said net profit for the March-May period dropped to 4.66 billion kronor (US$720 million) from 5.22 billion a year earlier. Sales for the quarter slipped marginally ...
-
Google claims balloons to link small business
(1 hr ago) Google's plans to beam the internet from giant balloons sent to the stratosphere could boost small businesses in rural parts of Asia by connecting them online, the company said today. Karim Temsamani, Google's head of Asia Pacific, said in a speech at the Communicasia conference in Singapore, the balloons might also facilitate communication during disasters. Google last ...
-
United Boeing 787 Diverted Tokyo-Bound Dreamliner Flight 139 Lands In Seattle
SEATTLE -- An indication of an oil filter problem prompted the crew of a Boeing 787 flying from Denver to Tokyo to divert to Seattle-Tacoma International Airport on Tuesday afternoon, a United Airlines spokeswoman said. Flight 139 landed normally and an airline maintenance team was inspecting it, United spokeswoman Mary Ryan said in an email statement. The plane touched down in Seattle shortly ...
-
Big Lie America Doesnt Have 1 Richest Middle-Class in the World...Were Ranked 27th
America is the richest country on Earth. We have the most millionaires, the most billionaires--and a increasingly poor "middle ...
-
Nickel futures down on global trends subdued spot demand
In Mumbai, rentals in sea-facing Haveli on Malabar Hill, NCPA Apts at Nariman Point and Maker Towers at Cuffe Parade, where rentals range between Rs 5.5 lakh and Rs 12 lakh a month, are down ...
-
Congo-Kinshasa Chinese Mining Industry Contributes to Abuses in Democratic Republic of the Congo
Chinese mining companies operating in the Democratic Republic of the Congo (DRC) need to do more to prevent their operations from leading to human rights abuses, Amnesty International warned today in a new report. Profits and Loss: Mining and human rights in Katanga, examines the impact of the mining industry in south-eastern DRC. The report documents a number of serious abuses involving local ...
-
Zimbabwe MDC-T Legislators Disrupt Business
MDC-T legislators today temporarily disrupted parliamentary business in the House of Assembly protesting against a decision by the three political parties represented in parliament to indefinitely suspend portfolio committee business from this Friday. Parliament's life comes to an end on Saturday next week at a time most committees have run out of business. Chief whips from Zanu-PF (Cde ...
-
Obama to Promote Nuclear-Free World in Berlin Speech
U.S. President Barack Obama is set to lay out his vision for advancing toward a world free of nuclear weapons during a speech Wednesday at the historic Brandenburg Gate in Berlin. A senior administration official says Mr. Obama will propose the United States and Russia cut their number of strategic nuclear warheads by up to one third below the level agreed to in a 2009 treaty. That pact, ...
-
The Cayan Tower Dubai builds worlds tallest 310-metre 75-storey twisted tower
Dubai, home to Earth’s three tallest buildings, witnessed the opening of the world’s highest twisted tower late on Monday. Cayan Real Estate Investment and Development Company inaugurated the Dh1 billion Cayan Tower, formerly named Infinity. Located in Dubai Marina and close to the world’s tallest residential building, the 414-metre Princess Tower, the skyscraper with a ...
-
Economy set for above trend growth data
New data suggests the Australian economy will be growing at an above trend pace heading into 2014, building on its outperformance of leading economies.Federal Treasurer Wayne Swan used a gathering of the world's leading countries that form the Group of Eight (G8) to highlight Australia's economic strengths since Labor came to power."We have grown substantially faster then every ...
-
Rio Olympic rights to be package deal
Australian television rights for the next two Summer Olympic Games are likely be sold as a bundle after all three major TV networks failed to bid for the upcoming Rio Games, Nine Network boss Jeff Browne says.And in the wake of the Socceroos booking a place in the 2014 FIFA World Cup, Mr Browne said Nine would be a serious bidder in future for the broadcast rights for the A-League.Mr Browne, who ...
-
Huawei claims worlds thinnest smartphone
Chinese telecom giant Huawei vows to catch up with its more popular rivals Apple and Samsung, unveiling its newest phone for the first time.Huawei unveiled its Ascend P6 at the CommunicAsia telecom and broadcast event in Singapore on Wednesday just hours after its global launch in London, billing it as world's thinnest smartphone."I generally do not comment on competitors but it is a ...
-
Sacramento gains 200 new jobs in mortgage industry
Sacramento is getting 200 new jobs in the mortgage industry, sopping up some of the talent left over from the housing crash.PennyMac Loan Services of Moorpark, in Ventura County, has already hired 40 workers and will ramp up to a total of 200 jobs eventually, the company said Tuesday. Its decision to come to the region was announced by SACTO, the Sacramento Area Commerce and Trade ...
-
George Osborne to outline plan for RBS Lloyds
The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...
-
Brazils mining royalty increase will hurt companies - Vale CEO
. You may proceed without logging in but all changes will be saved to cookies - this may only last for one browsing session depending on your device ...
-
GLOBAL MARKETS- Shares edge up dollar steady as markets await Fed
* Global shares post cautious gains before Fed statement * Dollar steadies against major currencies * Oil holds around $106 a barrel, gold flat * German Bunds firm as debt auction eyed By Richard Hubbard LONDON, June 19 (Reuters) - European shares edged higher and major currencies and commodities were little changed on Wednesday as investors awaited clarity on the U.S. Federal Reserve's next ...
-
Socceroos celebrate World Cup qualifier win
Australia's national football team, the Socceroos, have celebrated booking their ticket in next year's World Cup in Brazil after a triumph against Iraq in Sydney on Tuesday night.Players were cheered at a public reception at Customs House, Circular Quay in Sydney Wednesday, signing autographs and posing for photos.The goal that secured the Aussies' 1-0 win was kicked in the dying ...
-
Worlds poorest will feel brunt of climate change warns World Bank
World Bank has warned.Droughts, floods, heatwaves, sea-level rises and fiercer storms are likely to accompany increasing global warming and will cause severe hardship in areas that are already poor or were gradually emerging from poverty, the bank said in a major new report.Food shortages will be among the first consequences within as little as two decades, along with damages to cities from ...
-
If you want to change the world you have to get your hands dirty | Nafeez Ahmed
Activist from Kew Bridge 'Eco Village' and the Parliament Square 'Democracy Village' apprehended by police after a sit-down protest Two years before the Occupy movement sprang forth in New York and London, a motley group of land rights activists occupied a piece of disused land in west London to create an alternative model of moneyless, sustainable living. Little did ...
-
Increasingly-growing number of refugees around the world UN report says
New York: June 19 -- (BNA) -- The United Nations revealed that the total number of refugees around the world has reached 7.6 million refugees in 2012 which is the highest figure reported by the UN since 1994. According the UNHCR report the Syrian crisis is a major new factor which led to the increase in the number of refugees. The UN report points out that 55% of refugees in the world come ...
-
World Cup 2014 Josh Kennedy coming to terms with scoring match-winning goal against Iraq
Sydney 2000 Josh Kennedy says the impact of his match-winning goal in the World Cup qualifier against Iraq is only just "starting to sink in".Kennedy confirmed Australia's passage to the 2014 World Cup in Brazil with his 83rd-minute header at the Olympic stadium on Tuesday night.The lanky striker was still coming to terms with being the toast of the nation as he joined his ...
South America Featured
-
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
News from around our Network
