Latest International Business News
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World Dolce and Gabbana sentenced to jail for tax evasion
Gabbana have not commented on their sentences, which have been suspended pending their appeal. The investigation by the Italian authorities began around six years ago as part of a government plan to crack down on tax avoidance. At the hearing on Wednesday, the judge ruled that the designers moved their brand to a Luxembourg-based holding company Gado - an anagram of their two surnames - in 2004. ...
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World New clashes in Brazils before football game
The government said earlier it would deploy forces to five cities. The unrest was sparked by Sao Paulo's transport price hikes but it has now grown into broader discontent over poor public services and corruption. At least 30,000 people took part in the protest rally in Fortaleza on the main road leading to the stadium. Clashes erupted when the march was stopped by police. Some ...
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Movies World War Z finds sinister grandeur on a global scale
Brad Pitt, shown with Abigail Hargrove and Mireille Enos, plays a former U.N. troubleshooter who will do anything to save his family from zombies in “World War ...
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Fed sticks with bond purchases but offers brighter outlook for the economy
WASHINGTON -- Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year if the economy continues to improve. The Fed's bond purchases have helped keep long-term interest rates at record lows. Bernanke said the reductions would occur in "measured steps" and that the ...
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Santa Barbara Business Beat
Westmont College received the excellence in service award at the annual South Coast Business and Technology Awards June 13 at Fess Parker's Doubletree Resort & Hotel. Sonos was named company of the year, Joanne Funari was executive of the year while Barbara Rosenbaum was given the entrepreneur of the year award and Larry Barels received the Pioneer Award. More than 700 people honored ...
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Jabil Circuit Profit Down Sees Q4 Earnings Below Street
Quote ), Wednesday said its profit for the third quarter declined as restructuring charges and higher manufacturing costs offset revenue growth. Nonetheless, both earnings and revenues for the quarter came in ahead of Wall Street estimates.Moving ahead, Jabil detailed a weak earnings outlook for the fourth quarter, which is indicated to miss current expectations.Jabil said revenues for the third ...
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U.S. Wants Global Trafficking Report To Hit Home
Prostitutes arrested in Guatemala City in 2012, as part of an operation against human trafficking. The U.S. State Department releases its report ...
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World Bank poverty climate linked
The World Bank says it will increasingly view its efforts to help developing countries fight poverty through a "climate lens." In a report released Wednesday, the international lending institution warned that heat waves, rising seas, more severe storms and other impacts of climate change will trap millions of people in poverty. As a result, the Washington-based bank said it is ...
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FedEx shoots above forecast in quarterly earnings
FedEx reported better than estimated profit in the last quarter, boosted by growth in its ground shipment business, while also benefitting from lower jet fuel ...
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Report E-Commerce to Increase Need for Global Courier Delivery Services
is expected to rise 3.5 percent in 2013, according to an industry market research report from IBISWorld.The improvement is driven by an increasing number of individuals with Internet access, enabling more consumers to order goods from e-commerce Web sites, said Lauren Setar, IBISWorld industry analyst, in a written statement.Going into the next five years, demand for courier and delivery ...
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Microsoft enters bug bounty fray for first time
Google targets cross-site scripting by more than doubling bug bounties In a move geared to keep up with the ever-changing online threat landscape, Google has increased its reward levels for researchers that uncover flaws. In particular, Google has its sights set on cross-site ...
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Tell Sid Public will be offered shares in Lloyds
The prospect of an eventual "tell Sid"-style sale of shares in Lloyds Bank was raised by George Osborne as he claimed Britain's economy had emerged from "intensive ...
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George Osborne ready to sell taxpayers stake in Lloyds Banking Group
Royal Bank of Scotland , in a move that could delay the bailed out bank's return to the private sector.In his annual speech to City grandees at Mansion House on Wednesday night, the chancellor said he was "actively considering options for share sales in Lloyds", in which the government has a 39% stake. Speculation is mounting that a partial sell-off of the state's Lloyds ...
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Panel discussion Health experts assess global immunization efforts
Global health experts at a panel discussion Tuesday said vaccines are helping in the battle against child mortality, but the effort has been slowed by funding and health worker ...
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European Commission fines drug companies for delaying generics
drug manufacturers , including Denmark’s Lundbeck, Germany’s Merck, Ranbaxy Laboratories, Arrow Group and Zoetis Products, for colluding to keep a generic drug off the market. Officials for the commission, the European Union’s anti-trust regulator, claim that the companies agreed not to introduce generic versions of Lundbeck’s antidepressant citalopram when its basic ...
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Lessons from Flight Piloting your Business through a Cashflow Stall
Airplanes are magnificent metaphors: the drama of flight and the human fear of sudden fall, the power of innovation to open new frontiers, the unbelievable complexity of any project designed to send us soaring into the stratosphere. The image of aircraft and the unlikely glory of flight can be invoked to serve a wide range of rhetorical purposes, and the image appears again and again in lessons ...
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The Worlds Best New Universities 2013
The World's Best New Universities 2013 Of these top new universities, only eight are in the U.S. The U.K. has a stronger showing, with 20 schools, but Baty says the greatest growth is coming from Asia. "We've seen incredible progress in South Korea, Hong Kong, Singapore and to a certain extent Taiwan, where they've managed to build universities that are already doing really ...
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Immigration reform would improve economy and cut deficits says CBO
The immigration reform bill making its way through the Senate would boost economic growth and decrease the federal deficit, according to a report released Tuesday by the Congressional Budget ...
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Paris Air Show Airbus Boeing both squeeze suppliers on costs
Seattle Times aerospace reporter Dominic Gates covers top industry events to bring you the latest news, highlighting how it impacts Boeing and its ...
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Intel chooses sides in wireless power market
Intel has joined The Alliance for Wireless Power (A4WP), an industry group that hopes its "flexible wireless power" specification for mobile wireless charging can become an industry standard. Founded by Qualcomm and ...
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The Post-PC world is too slow for me
I use AVG AntiVirus Free to keep my PC clear of infections. Every so often the software pops up a little message warning me when one of my browsers is consuming too much memory, giving me the chance to restart the greedy program and free up resources. Just now it popped up a message telling me Firefox is using 1GB of RAM. Five minutes before that it notified me that Chrome, which I'm also ...
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Treasury considering Lloyds sale
Libor rate-rigging scandal. Senior bankers should be personally responsible for malpractice, with a new criminal offence of reckless misconduct in the management of a bank that carries a custodial sentence, the commission concluded. It also called for bankers to be licensed and to sign up to a set of banking standards rules.A Treasury spokesman said the report was a "very impressive piece ...
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Worlds wealthy richer than ever
The investable wealth of the world's richest people reached a record high of $46.2 trillion US in 2012, a report by RBC Wealth Management and the consulting firm Capgemini has found. The ...
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Microsoft had flirted with buying Nokia WSJ says
Wall Street Journal . With such a deal, Microsoft would gain direct control over the mobile device maker, which has been the marquee partner for the software giant's fledgling Windows Phone operating system. CNET contacted Microsoft and Nokia for comment, and we will update the story when the companies respond. More to ...
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Goodwill Industries lands $1 million to help inmates find jobs
Goodwill Industries Inc. in St. Paul has received more than $1 million from the U.S. Labor Department, part of $20 million in grants to help adult inmates enter the workforce. The federal initiative funds nonprofits nationwide that provide training, education and support for adult inmates in work-release programs. Voluntary work-release programs set up soon-to-be-released inmates with training ...
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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