Latest International Business News
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Caterpillar CEO defends wage-cutting
expressing the logic behind the merciless drive for ever higher profits by the ruling class both in the United States and internationally. Since 2010, when he became CEO, Oberhelman has overseen a ruthless campaign to reduce workers' wages and dramatically increase corporate profits. This has included the lockout of workers in London, Ontario and the shutdown of their plant after because ...
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Hainan Airlines and China Southern Airlines confirm Boeing 787s orders
CHINESE regulators have approved the Boeing 787 to fly in the country, a move that opens up a large potential market to the US aerospace giant. "I can confirm that the Civil Aviation Administration of China has granted type certification for the 787 Dreamliner," a Boeing spokesman said on Thursday. Chinese airlines have yet to take delivery of the high-tech 787, which last month ...
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Angels of Woolwich 3 brave women who face up to brutal killers astonish the world
Amid the horror and revulsion of the Woolwich terror attack, millions around the world have marvelled at the extraordinary bravery of three ordinary women. Dubbed the "Angels of Woolwich", the trio faced up to Lee Rigby’s brutal killers with little thought for their own safety. TV footage shows two of them fearlessly tending the already-dead soldier’s body, just yards ...
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Co-op Bank stops lending to new corporate clients
LONDON (Reuters) - Co-operative Bank said on Friday it had stopped offering loans to new business customers, in a move designed to quell growing concerns over its capital position.A spokesman for Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers. The freeze does not apply to individual retail customers."We are ...
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Global manufacturing slowdown to grind metals prices
A worker wearing protective glasses welds steel products at a heavy equipment manufacturing factory in Luoyang, Henan province May 1, 2013. (China ...
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War World II medals turn up mysteriously in Goodwill store
Ron Scanlon thought the shadow box sitting in a bin at a Chesterfield Goodwill store seemed out of place, so he took a closer look.Behind a flimsy piece of plexiglass was a picture of a smiling Marine surrounded by gold medals taped to a red velvet liner.One was in the shape of a star.A tattered scrap of paper told the story.The medals and picture, which were discovered on Wednesday, belonged to ...
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Gillard to convene summit on car industry
Prime Minister Julia Gillard has agreed to a summit on the future of car making, as she resists pressure from unions and Labor MPs to raise tariffs after Ford's decision to stop manufacturing in Australia.Ford says about 1200 workers will lose their jobs at its two plants in Victoria by October 2016.The company's profits have been squeezed by the high Australian dollar, making exports ...
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German business confidence unexpectedly rebounds
BERLIN -; A closely watched survey shows that German business confidence rebounded this month - an unexpectedly strong showing that sends a hopeful signal for Europe's biggest ...
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CRH best performer among top 1000 companies
Building materials group CRH has been named as the top performing company in the Irish Times Top 1,000 Companies magazine. CRH, which has a turnover of €18.7 billion, is followed by Microsoft and Google in the list. They have turnovers of €13.7 billion and €12.5 billion respectively. DCC and Dell Ireland make up the top five of the list. ''This year's survey, ...
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Morning business news - May 24
HOTELS' DEBT LEVELS MAY BE WRITTEN DOWN BY €2 BILLION - Multi-billion euro debt remains an issue for Irish hotels. A report commissioned by AIB says Ireland's 850 hotels share €6.7 billion worth of debt and that 300 of them are in financial difficulty. At the same time 54% of 111 respondents to a survey carried out as part of the research said their turnover had risen last ...
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South Africa to help Nigerias auto industry a milestone in inter-African cooperation
The lack of economic diversification throughout sub-Saharan Africa may stymy South Africa’s pledges to help Nigeria industrialize. And making the automotive sector Nigeria’s flagship industrial target may not be so easy, experts ...
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Could More Highly Skilled Guest Workers Help Spark Tech-Driven Economy
NewsHour continues its examination of different aspects of debate on immigration reform. Ray Suarez gets two views on H-1B visas -- how the program for highly skilled foreign workers is structured and how it may change -- with Vivek Wadhwa of Stanford University and Ron Hira of Rochester Institute of ...
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DealBook An Agreement Opens Some Chinese Audit Papers to the U.S.
James R. Doty, center, chairman of the Public Company Accounting Oversight Board, an independent agency that oversees accounting firms. Accounting regulators in the United States and China announced on Friday in Beijing that they had reached an understanding that could give American fraud investigators access to work papers of Chinese audit firms. Until now, American efforts to see such papers ...
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Bits Blog Tax Protest in Britain Focuses on Google
A Twitter feed was set up for a Google Free Day event. In Britain, the debate over tax-reduction strategies employed by American technology giants is taking a populist turn. While a United States Senate panel ...
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Democratic Gun-Reform Package No Sure Shot
Democrats say the multibill gun-reform package they are poised to send to the governor's desk can be a model for other states, but there are no guarantees that it will become law. That's because it remains unclear whether Gov. Chris Christie's potential national ambitions might cause him to take a more conservative stance on gun laws than he has in the past. If he does, it could ...
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Microsofts Xbox didnt violate Google patent says ITC
Xbox One vs. PlayStation 4 vs. Wii U: Can one console ...
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Brazil delays mining bill to reach Congress in June
- Brazil's government plans to submit its mining reform bill to Congress in June rather than this month, energy minister Edison Lobao said on Thursday, prolonging a wait that is slowing investment in mineral ...
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Canada to allocate C$53m to Peru-focused mining and energy initiatives
Canadian mining executives hope Prime Minister Stephen Harper's meeting with Peruvian President Ollanta Humala will generate better use of C$4 billion in unspent mining royalties in government ...
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Food Addiction Could Help Explain The Global Obesity Epidemic
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 ...
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Despite lousy weather initial Art Basel Hong Kong draws global collectors
HONG KONG -- Despite severe thunderstorms and flooding that closed schools and suspended subway service, art collectors from across Asia and the world streamed into the Hong Kong Convention Center Wednesday for Art Basel’s first branded fair in this eastern megalopolis port. A $2 million wall-sized Yoyoi Kusama painting, a postcard-sized Gerhard Richter painting priced at $50,000, and ...
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Chinese manufacturing contracts in May
Chinese manufacturing contracted in May for the first time in seven months. The result can be added to signals that economic growth is losing steam for a second ...
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World Series of Poker online partnership was years in the making
Jake Balsiger, left, Greg Merson, and Jesse Sylvia compete during the World Series of Poker Main Event final table at the Rio Tuesday, October 30, ...
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Futuris considering impact of Ford announcement
and others, Ford has announced that it will stop manufacturing in Australia in October 2016, though would continue to employ workers in research and development. CEO Bob ...
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Gaming industry research in spotlight at Las Vegas conference
Bo Bernhard The largest gaming conference on the planet is coming back to Las Vegas. It's the 15th International Conference on Gambling & Risk Taking, and it's slated to start Monday at Caesars Palace. "This is the world's first and finest gambling studies conference," said conference host Bo Bernhard, who serves as UNLV's executive director of the ...
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ISSF Rifle and Pistol World Cup 2013 in Munich Germany 25-29 May
Sports News: The historical shooting venue of Munich is going to be crowded, in the following days. Over 700 athletes coming from 78 countries registered to take part in the 10 Olympic events of Rifle and Pistol shooting, to be conducted from the 25th to the 29th of May. An impressing overall number of 1205 starts 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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