Latest International Business News
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Russia announces cash prizes for World University medallists
Russia's federal government will pay out roughly $5,400 to Russian gold medallists at this summer's University Games in the Russian city of Kazan, according to a decree signed Tuesday by Prime Minister Dmitry Medvedev. Silver medallists, meanwhile, will receive a bonus of just over $2,600, while bronze medallists will earn about $1,600, as Russia looks to finish first in the medal table for the ...
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Chicago man crushes Ferris Wheel ride world record
A man from Chicago rode Ferris Wheel for more than two days - 384 times, up and around - to break the existing world record. Clinton Shepherd, a park operations manager of Chicago's Navy Pier, who spent 48 hours, 8 minutes and 25 seconds riding Navy Pier's Ferris wheel over the weekend, said that he thought that Chicago - birthplace of the ride - should have the title, People magazine ...
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Discarded kidneys could be recycled to produce replacement organs
Researchers have found that human kidneys discarded for transplant can potentially serve as a natural "scaffolding material" for manufacturing replacement organs in the lab using regenerative medicine techniques. According to the researchers at Wake Forest Baptist Medical Center and colleagues, more than 2,600 donor kidneys are discarded each year in the U.S. "With about 100,000 people in the ...
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Indo- Swiss bilateral meet held at Geneva
Union Minister of Health and Family Welfare Ghulam Nabi Azad and Minister of Health Switzerland Alain Berset held a bilateral meeting on the sidelines of World Health Assembly at Geneva with the aim of giving further impetus to cooperation in the field of healthcare. Speaking on the occasion, Azad said that friendship between India and Switzerland goes as back as Independence of India, ...
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Weaker yen fuels economic optimism in Japan
The Japanese government Monday revised upward its evaluation of the economy given the weakness of the yen, which is helping to push exports and encouraging companies to increase production. In its economic report for May, the cabinet raised its evaluation of three of the 14 categories it analyzes: exports, industrial production and profits. In addition, it said that the economy "is moving ...
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Bank mergers could lead to too-big-to-fail entities Chidambaram
Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks. Addressing the Annual Day function of the Competition Commission of India (CCI) here yesterday, he underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world. "Are our regulators well ...
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Governments failing to protect minorities says US
US Secretary of State John Kerry has expressed concern at global problems of discrimination and violence against religious groups, including Baha'is, Buddhists, Hindus, Jews, Christians, Muslims, and Sikhs besides increasing use of blasphemy and apostasy laws. "In too many places, governments are also failing to protect minorities from social discrimination and violence," he said Monday ...
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US drugmaker Actavis buying Warner Chilcott in $8.5bn deal
WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
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Morgan Stanley India to sell wealth management arm to StanChart
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
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Photos Tour Carol Bove’s “Caterpillar” on the Last Unopened Stretch of Manhattan’s High Line Park
ince its opening in 2009, Manhattan's High Line--an elevated city park built on a reclaimed Depression-era industrial railroad line--has featured, along its meandering length, a constantly rotating display of artworks. These sculptures, billboards, performances, and installations are chosen by Cecilia Alemani, the curator of High Line Art, and have been a core element in the park's ...
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Japans central bank says economy picking up
TOKYO -; Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at ...
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This woman means business Cynthia Jadot DRC shopowner
Thirty-year-old Cynthia Jadot is the woman behind Valancy. The store in Goma, in the DRC province of North Kivu, has done well, appealing to men and women with a penchant for quality clothes imported from Europe. But since Valancy’s launch three years ago, this businesswoman has also opened two other new shops and, somewhere in between, ran for a seat in ...
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Wal-Mart grocery sparks intense debate in Raytown
The Senate dragged Apple Inc., the world's most valuable company, into the debate over the U.S. tax code Tuesday, grilling CEO Tim Cook over allegations that its Irish subsidiaries help the company avoid billions in U.S. ...
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Anti-corruption campaigners urge mining transparency laws
As government officials, mining companies and NGOs meet in Sydney for the Extractive Industries Transparency Initiative Global Conference Thursday, transparency campaigners are calling for Australia to adopt new payment transparency laws for the resources sector.The European Union and United States have already implemented rules requiring oil, gas and mining companies to publish all payments ...
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Law to keep hospitals reporting infections
Hospitals must continue reporting infections from hip- and knee-replacement procedures and cardiac surgery, Gov. Jay Inslee said Tuesday, despite opposition by hospitals and state health ...
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Business Expansion Then Dump the Debt
Mystery Brewing made the best case for an infusion of fresh capital. Its $50,000 prize will help the owners grow their business without adding to the debt they've incurred since start-up. Businesses that are deeply in debt often make bad choices. Specifically, they make decisions out of desperation rather than based on what is needed for growth. Here are some ...
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Singer Sues McDonalds Claims Vocal Damage from Glass in Chicken Sandwich
McDonald’s is guilty of a lot of things – maybe under-salting their fries every now and then, exposing children to clowns at an early age, and maybe ruining my diet. But are they guilty of causing a woman to lose her beautiful singing voice? That’s just what 52-year-old Brooklyn resident Jacqueline Simpson alleges. She has filed a lawsuit claiming that her voice was ruined ...
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Economics Daily Digest Fixing the economy first but not yet
WaPo ) According to Brad Plumer, if we're serious about climate change, we need to solve the jobs crisis first: There's a connection between a senator's "green score" from the League of Conservation Voters and the unemployment rate in his or her ...
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Attalla gets new business two others changing locations
Means said a new Wendy’s will be built on Alabama Highway 77, near the Interstate 59 interchange, where a Dairy Queen had been. He said his understanding is that the new restaurant will be a larger and ';more upscale'; Wendy’s.The Alabama Alcohol Beverage Control store on North Third Street will move to a new location on Alabama Highway 77, Means said, near the Eagle Rock ...
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Tycoon says Australia treating mining firms as ATMs
Australian mining magnate Gina Rinehart is pictured in Perth on June 9, 2010 Australia's richest person Gina Rinehart on Friday accused the government of using the mining industry as an ATM, warning of an unhealthy reliance on the sector and unsustainable debt levels. In a speech to the Australian Mines and Metals Association conference, the outspoken tycoon, chairman of Hancock ...
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World Briefing | Middle East Egypt Security Forces Fire on Funeral
Egyptian officials say soldiers and police officers mistakenly fired on a Bedouin funeral in the Sinai Peninsula during a search for kidnapped security personnel. The officials say the troops thought the funeral convoy was carrying gunmen who refused to ...
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World Bank reviews $5.4bn investments in Nigeria
The World Bank on Tuesday began a review of its investments and activities worth $5.4bn in Nigeria. The investments are in 26 projects and involve 200 entities across the ...
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National Hajj Committee announces package for 2013 Pilgrimage
Mr Ibrahim Abdul-Rauf Tanko, Chairman of the Committee, told journalists at a briefing to announce the 2013 Hajj package that Ghana had already paid in advance services for 6,780 prospective pilgrims, the maximum quota given to the ...
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The G-8 and Africa in Partnership for Global Food Security
In the same spirit of sharing and making official data easily accessible to the public, U.S. Agriculture Secretary Tom Vilsack opened the two-day G-8 International Conference on Open Data for Agriculture in Washington, DC. Held on Monday, April 29 and Tuesday, April 30, 2013, the Conference was, and still is, definitely one of the most significant global events in contemporary ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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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