Latest International Business News
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No Business is an Island
John Donne wrote his famous line "No man is an island," some 389 years ago, he was forecasting the future of social innovation. Donne was thinking metaphorically of course, but his point that we are all part of the larger fabric of humanity applies to a much more literal trend I discovered in recent travels to two island nations--Japan and Iceland. That old mantra of think globally, ...
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World Bank sets up $400 facility to help SMEs in MENA
World Economic Forum 2013 in Jordan International Finance Corp, a unit of the World Bank, is launching with several partners an investment facility worth up to $400 million (Dh1.47 billion) for the Middle East and North Africa (Mena) as it tries to spur lending to the region's large pool of small-and-medium-sized enterprises (SMEs), its chief executive said on ...
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Hundreds in Vancouver join global Monsanto protest
Protesters gather at the Vancouver Art Gallery for the March Against Monsanto protest on Saturday. The protest was called to draw attention to the dangers posed by genetically modified food and the food giants that produce ...
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Jordans economy set to see 3.5 growth this year
Jordan's economy is expected to grow around 3.5 percent this year driven by remittances, higher domestic consumption and some pickup in construction activity, the kingdom's Central Bank governor said on ...
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Mexico reforms knock Slim off worlds richest perch
Mexican tycoon Carlos Slim held the title of the world's richest man for the past three years until a new president rolled into town with a vast economic reform agenda. Enrique Pena Nieto's push to overhaul the telecoms industry, a sector dominated by Slim, has weighed down on stock prices of the billionaire's America Movil phone empire, analysts say. Three weeks after Congress ...
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Gilly to wield business willow
Adam Gilchrist is ready to move on from wielding the willow to selling sandalwood after playing his last game.One of the world's best performed cricketers ended his playing career with the Kings XI in the Indian Premier League last weekend and is focusing his attention on family and his business interests, including Indian sandalwood plantations in northern Australia.He was in Kununurra ...
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Construction industry optimistic for 2014 growth
The construction industry is more optimistic about revenue growth in 2013/14 than in 2012, according to new research by Timetric. Increased investments in IT infrastructure, public and private-sector construction projects, and growing demand for sustainable construction are likely to be key growth drivers. Growing optimism among a number of surveyed executives in the global construction ...
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Solar industry strength likely to remain
Companies are choosing between market share and profit Overcapacity in the global solar industry is unlikely to disappear soon, suggest data and strategies outlined in the recent financial reports of top manufacturers.That surplus has contributed to sharp falls in the average selling prices of solar panels, or modules, with knock-on impacts for manufacturing profit margins.Strategies to maintain ...
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World Muslim leader condemns violence brings message of peace to Calgary
A world Muslim leader denounced recent violent attacks carried out in the name of Islam on Saturday as he brought his message of peace to Calgary.Hadhrat Mirza Masroor Ahmad, the spiritual head of the Ahmadiyya Muslim community, said the slaying of a British soldier, the Boston Marathon bombings and the Via Rail bomb plot "give the wrong message of the true teachings of Islam.""We ...
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Alcoa employee devoted to job community
Friday was to be his company retirement party at Alcoa Technical Center in Upper Burrell, where he worked for almost 36 years. Bergstrom most recently was the manager of Buildings and ...
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United earnings still on the rise
PARKERSBURG- United Bank had another successful year in 2012 as it continued to increase earnings to shareholders, the chairman and CEO told shareholders Monday. United Bankshares Inc. officials, at the annual meeting of shareholders Monday at the Blennerhassett Hotel, said the company was able to continue to thrive in the economic conditions brought on by the Great Recession of 2008. "We ...
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Hainan urged to promote good faith in tourism industry
China's tourist industry has been urged by a senior official to promote practices of good faith. Liu Qibao, head of the Publicity Department of the Communist Party of China Central Committee, made the comment during a four-day inspection tour, that ended on Monday, in south China's Guangdong and Hainan provinces. When visiting Hainan, a popular tourist destination, Liu urged for ...
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Arab world faces up to competitive challenges
World Economic Forum . The findings of the Arab World Competitiveness Report were presented at the WEF Middle East meeting in Jordan yesterday. Some Arabian Gulf countries, including Qatar and the UAE, improved their competitiveness in 2012-13, moving up the global leagues. Other economies - such as those of Egypt and Yemen - deteriorated compared with world rivals. The WEF said: "The ...
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Jordan to Host Worlds Largest Refugee Camp
-- Al-Zaatari refugee camp near Jordan's northern border with Syria is the second largest refugee camp in the world. On days when violence in Syria worsens, between 2,000-4,000 Syrians flood into Zaatari, and the stories they tell are horrific. "Things are happening in Syria that our minds couldn't even imagine," 65-year-old Nada Salim Abdullah, who has been in the camp four ...
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Rotating stage sends MSOE graduates out into world
Unlike most commencements, this one involved a seemingly complicated engineering problem: How do you get 427 graduates up six stairways and across a circular stage that does one full rotation every 20 minutes? "The reality is it works well," said Nick Seidler, after the Milwaukee School of Engineering class of 2013 had all received their diplomas. Most of the students traveled up ...
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World Bank to help develop village tracts in southern Myanmar
The World Bank (WB) will provide assistance worth of 27,000 US dollars annually for the development of village tracts in Kyunsu township, Myanmar's southern Tanintharyi Region, local daily reported Sunday.An initial assistance for three years worth of 81,000 dollars will be spent for education, health and social affairs for the township, said the 7-Day Daily.In February this year, the ...
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Tescos supply chain shake-up to cut out middlemen
TESCO is undertaking a 'forensic' examination of its entire supply chain in the wake of horse-gate and will remove anyone in the chain who it does not believe is adding value. The retailer's technical manager Tim Smith said its supply chain was too often confused by middlemen.Mr Smith told a seminar organised by analysts Shore Capital in London: "If I cannot explain what ...
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Bridge closure could pinch area economy
The Skagit River Bridge is a forgettable steel structure to drivers whizzing past on Interstate 5. But Thursday’s collapse of a span just before the busy Memorial Day weekend closed part of I-5 and sent businesses and government leaders scrambling to minimize the potential economic hit. "We do a lot of business out of Vancouver," said Ken Kettler, president of Tulalip Resort ...
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Kasey Kahne of Enumclaw is eager to defend his Coca-Cola 600 title | Auto racing
CONCORD, N.C. — The Coca-Cola 600 is a long day that bleeds into a long night. Drivers can either fight that reality or embrace it. Count defending champion Kasey Kahne of Enumclaw as someone who loves the longest race of the NASCAR Sprint Cup Series season. "I've always really liked the longer races," Kahne said. "It gives you more time to work on your car, more time ...
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Electronics outsourcing weakened Boeing’s control over 787’s crucial systems
Boeing once had a division that designed electronic controls and managed suppliers of related components, but as the company geared up for the 787 it outsourced that work and weakened its control over crucial ...
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Neurotech industry is putting its mind to video games
In the past decade, video games have helped push cutting-edge technologies such as sensor-based computing - Nintendo’s Wii - and gesture-based computing - Microsoft’s Kinect - into the mainstream. Neurotech boosters hope video games can do the same for their budding ...
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UFC 160 live blog Fighters from around the world competing at MGM Grand
Dennis Bermudez pounds on Max Holloway on his way to a split decision win in their bout at UFC 160 Friday, May 24, 2013 at the MGM Grand Garden ...
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China is now worlds second largest moviegoing country
May 25--Related: Mayor Villaraigosa off to China to promote business Movies are bigger than ever. At least, they are in China. The nation of 1.35 billion became the second largest filmgoing market on the planet last year, its box office receipts of $2.7 billion muscling out Japan from that spot. That was a whopping 36 percent higher than the 2011 ticket sales in the People's Republic, and ...
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Demonstrators rally against Monsanto in global anti-GMO protest
FILE - This Aug. 31, 2011 file photo shows the Monsanto corporate logo at their exhibit booth during the Farm Progress Show, in Decatur, Ill. Marches and rallies against seed giant Monsanto are getting under way across the U.S. and in dozens of foreign countries Saturday, May 25, 2013. ';March Against Monsanto'; protesters say they want to call attention to the dangers posed by ...
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Some doctors seeking business experience to deal with changing health care
But an increasing number of physicians have accepted the situation and are seeking business training as they adjust to pressures that they cut costs and improve the quality of health ...
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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