Latest International Business News
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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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Video Can Intels ultra-thin laptops beat back tablet tide
Not only are smartphones outselling traditional PCs -- soon tablets will, too. Semiconductor king Intel sees the threat, and is responding with incredibly thin laptops boasting full-day ...
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Video Why the prognosis for Chinas economy isnt good
A preliminary survey shows further contraction in China's manufacturing sector, adding to signs the world's number two economy is losing steam. Can its leaders ensure the slowdown remains ...
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World Ukraines finance ministry denies drunk claims against minister
Ukraine 's finance ministry denied on Thursday allegations by opposition politicians that a deputy finance minister had been drunk when he spoke to parliament on the budget this ...
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World Sweden jails Rwandan for life for role in 1994 genocide
"It has been proved that the purpose of the acts of which the defendant has now been convicted was to wholly or partly destroy the Tutsi ethnic group. The acts have therefore been assessed a genocide," the court ruling said, setting a sentence of life ...
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World Bank pledges to ensure developing countries dont suffer from tighter monetary 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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World Heritage Warning UNESCO Says Loreley Bobsleigh a Blight
A popular new summer bobsleigh ride located near Germany's famous Loreley is becoming a contentious issue ...
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World from Berlin Obama Visit Highlights Genuine Trans-Atlantic Dissonance
US President Barack Obama managed to achieve his primary goal during his one-day visit to Berlin on Wednesday: charming his hosts. But German commentators argue he was unable to bridge a growing gap between the two ...
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Union corporate leaders sleep on streets
Corporate and union leaders in NSW have put aside their differences, uniting to sleep on the streets of Sydney to raise money for the homeless. They will spend a cold Thursday night at Carriageworks in Redfern with more than 300 business leaders and politicians who have swapped the 1000 thread count sheets for sleeping bags and cardboard mats. Unions NSW general secretary Mark Lennon will be ...
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Indian Shares Join Global Selloff On Stimulus Worries
Indian shares joined a global selloff in equities and commodities after the U.S. Federal Reserve signaled it is moving closer to slowing the pace of bond purchases later this year as long as ...
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Annual manufacturing prices up 1.9 in May
Annual manufacturing prices increased by 1.9% in May 2013, according to figures from the Central Statistics Office. This compares to a similar increase recorded in the year to April. The rise was driven by a 6.2% increase in computer, electronic and optical product prices, a 5.2% rise in meat and meat product prices and a 1.8% increase basic pharmaceutical products. Meanwhile, monthly factory ...
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Microsoft Launches Security Bounty Program Will Pay Up To $100k For Exploits
security bounty program that pays as much as $100,000 to anyone that exposes flaws, bugs and security vulnerabilities in its software before and after the products are released. The program will officially kick off on June 26, the same day that Windows 8.1 Preview begins shipping. While companies such as Mozilla, Google and Facebook have similar bounty programs already in place, Microsoft has ...
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DealBook Sony Rebuffs New Call to Sell Entertainment Unit
Sony 's chief executive, Kazuo Hirai, reiterated on Thursday that the company's music and movie businesses were not for sale, striking a cautious tone on a renewed push by the American activist investor Daniel S. Loeb to break up Sony's sprawling empire.Speaking to shareholders at Sony’s annual general meeting in Tokyo, Mr. Hirai said that movies and music were an ...
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Indications Stock futures slide as Fed triggers global rout
MADRID (MarketWatch) -- U.S. stock futures tumbled on Thursday as global markets dug into a selloff begun by Wall Street a day prior, after the Federal Reserve signalled that its bond-buying program could be scaled back later this year. Downbeat China manufacturing data added to investor ...
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Old pajama factory to take on new role in the greater Chattanooga areas automotive industries
A historic Manchester, Tenn., factory that once produced pajamas, some even featuring superhero themes, is becoming home to an injection molding facility called Top Tenn LLC, to serve the region's automotive ...
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Russia might increase allocation to ensure security at FIFA World Cup 2018
MOSCOW, June 20 (Itar-Tass) - Russia might increase financing of security measures at the FIFA’s World Cup in 2018, Russian Minister of Sport Vitaly Mutko said on Thursday. "As of now, a total of 30 billion roubles have been allocated to ensure security during the football World Cup in 2018," Mutko said. "But the sum might be adjusted. The concept of security will be very ...
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SA bond yields soar in global sell off
- South African government bonds weakened sharply on Thursday and yields soared as emerging markets were heavily sold off after the US Federal Reserve signalled it would start winding down its bond-buying programme. The rand also fell more than 1 percent against the dollar, giving up the previous day's gains which had been prompted by a narrower-than-expected current account deficit. ...
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Chinese VP to address World Peace Forum 2013
Chinese Vice President Li Yuanchao will address the second annual World Peace Forum at Tsinghua University on June 27, a Foreign Ministry spokeswoman announced Thursday.Spokeswoman Hua Chunying told a daily press briefing that Sierra Leonean President Ernest Bai Koroma, Surinamese President Desi Bouterse, Secretary General of the Shanghai Cooperation Organization Dmitry Mezentsev and several ...
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Tech Weekly Podcast How can technology empower the young of the developing world
Technology and digital tools can empower children and young people in developing nations, but what is the role of business in this - and where do the challenges ...
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Supreme Court to decide on appeal against Torontos Mayor Rob Ford
OTTAWA -- The Supreme Court of Canada will announce today whether it will hear an appeal in a conflict of interest case involving troubled Toronto Mayor Rob Ford. The case dates back to 2010, when the City of Toronto's integrity commissioner ruled that Ford -- at the time a city councillor -- had abused his position by using official letterhead and other council resources in fundraising ...
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Microsoft tacks up first wanted poster debuts temp bounty for IE11 bugs
Computerworld - Microsoft on Wednesday backpedaled from a long-standing refusal to pay bug bounties when it announced a temporary program for the beta of Internet Explorer 11 (IE11). The Internet Explorer 11 Preview Bug Bounty will start June 26, the day the browser launches alongside Windows 8.1 at the BUILD developer conference, and will run until July 26. During the 30 days, Microsoft will ...
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Microsoft Xbox The damage has been done
stunning reversal , the technology giant made an abrupt about-face on some of the controversial features of its upcoming Xbox One console. The company scrapped requirements that would have prevented users from playing offline games and made it difficult to sell used games in response to fierce online criticism. Don Mattrick, president of Microsoft's ...
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8 most business-friendly cities
© 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by ...
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World stock markets fall after US warns of brakes on stimulus
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 ...
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If Finance Ministry has its way you wont have to pay service tax on home delivery takeaway services
The finance ministry has come to a conclusion that service tax cannot be levied on takeaway and home delivery services.The ministry is examining the structure of tax and constitutional provisions. Article 366 of the Constitution, on which the ministry relied, empowered state governments to levy tax on food supply during a service.In the Union Budget 2013-14, service tax was extended to all ...
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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