Latest International Business News
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Finance head Carrion to run for IOC president
Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge. The Puerto Rican will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run, reports Xinhua. Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has ...
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Japanese economy has begun to recover central bank
Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...
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Largest genetic sequencing study of human disease completed
A global team of scientists has completed the largest sequencing study of human disease to date, investigating the genetic basis of six autoimmune diseases. The exact cause of these diseases - autoimmune thyroid disease, coeliac disease, Crohn's disease, psoriasis, multiple sclerosis and type 1 diabetes- is unknown, but is believed to be a complex combination of genetic and environmental ...
More International Business News
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Japan stocks plunge more than 7 percent triggering falls across global markets
Global markets fall after weak Chinese manufacturing data and mixed messages from the Fed about when it will wind down its asset-buying ...
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Farmers Guardian launches new VIP membership package
Read what David Fursdon who is leading Defra's Future of Farming Review had to say, as we put questions to him on the challenges facing new ...
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UN expects global economy to gain momentum slowly
UNITED NATIONS - After a marked downturn over the past two years, the global economy is expected to gain momentum slowly for the rest of 2013 and 2014 on the back of accommodative monetary policies in developed and developing economies, a latest UN report said here ...
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2 travel companies drop Andaman tour to protest against human safaris
LONDON: Two global travel agencies have withdrawn tours to India's Andaman and Nicobar islands as a protest against the degrading "human safaris" to see the Jarawa tribe. Travelpickr, a global company based in Canada and India, and Spanish company Orixa Viatges have become the first operators to withdraw following UK based Survival International's call for a tourism boycott ...
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Hewlett-Packard profit down 32
Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations , as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While fiscal second-quarter profit plummeted 32 percent ...
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In risky new tack Microsoft stacks Surface against iPad
(Credit: Microsoft) Microsoft's "iPad vs. Windows" campaign now includes iPad vs. Surface RT. Is Microsoft picking the right fight? On the back ...
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World Briefing | Middle East Iraq Seven Soldiers Die in Two Attacks
Iraq on Thursday, officials said. Militants attacked an army checkpoint in the town of Taji, killing four soldiers and wounding four others, two police officers said. Another group of militants exchanged fire with military forces and pro-government Sunni militia in the western village of Karma, two other police officers said. Three soldiers were killed and 18 were wounded, including 7 Sunni ...
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Are These the Best Houses In The World
A white box covered in Teflon-coated fiberglass fabric in the Netherlands. A Cor-Ten-clad volume cantilevering over a glass shop in Pittsburgh. A house in Tokyo composed solely of glass and small platforms of white steel. A raised concrete box in West Africa designed by two German artists. A seven-story concrete tower serving as a house and office for Chilean architects. These are a handful of ...
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Worlds most famous office building launches annual photo contest
NEW YORK, NY - Today, the Empire State Building (ESB) launched its annual "My Empire State Building" photo contest, offering photographers of all levels the opportunity to submit images of the iconic landmark through their original and creative lens. By visiting the Empire State Building's Facebook page ...
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Fed Fears Shake Global Markets but Fade on Wall St.
Investors are contemplating a future without support from one of the biggest engines of the global economy in recent years: the Federal Reserve. Fears that the Fed is about to reduce its stimulus helped send stock, bond and currency prices on a wild ride on Wednesday and Thursday, with Japanese stocks experiencing their worst one-day decline since the 2011 tsunami and United States ...
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GLOBAL MARKETS-Asian stocks steadier Nikkei bounces back
Thu May 23, 2013 8:29pm EDT * Nikkei up 3 pct in early trade, following 7.3 pct fall * Asian stocks outside Japan steadier after drop * Yen softer, reversing Thursday's gains * MSCI ex-Japan edges up By Ian Chua SYDNEY, May 24 (Reuters) - Asian shares opened cautiously higher on Friday with Tokyo's Nikkei steadying from its biggest one-day drop in two years as investors breathed a sigh ...
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World Briefing | Africa Congo U.N. Leader on Peace Mission
The United Nations secretary general, Ban Ki-moon, arriving just hours after a rebel group halted fighting to allow his visit to proceed, said Thursday that security must go hand in hand with development in the Democratic Republic of ...
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World Briefing | Europe Ukraine Gay Pride Rally Banned
A Ukrainian court on Thursday banned what would have been ...
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World Briefing | Asia India Power Failures Set Off Protests
A blistering heat wave has swept across most parts of north and western India, causing widespread electricity cuts and leading residents to protest and even attack power company officials and property. In the northern state of Uttar Pradesh, enraged citizens in Bahraich set fire to a power station, and in Gorakhpur residents held power employees captive for more than 18 hours. The police said ...
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Call for crisis talks on car manufacturing
FORD Australia says it will contribute to a government package to assist workers who are set to lose their jobs, as unions urged the government to hold crisis talks on the future of local car manufacturing. Victorian Premier Denis Napthine says the car maker needs to outline its plan to financially help 1200 sacked workers after announcing it will cease its manufacturing operations at its ...
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S.Korea BOK Kim warns of risks from global cen banks unwinding policy
SEOUL | Thu May 23, 2013 8:02pm EDT SEOUL May 24 (Reuters) - South Korea's central bank chief warned on Friday that financial markets could suffer from turmoil when the world's major central banks wind down their unconventional monetary stimulus. "(Markets) could experience turmoil not just once but several times through such a process of (the central banks') withdrawing ...
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Video Ford chief of staff exit not due to allegations councillors
Toronto city councillors are denying the sudden departure of Rob Ford's chief of staff has to do with ongoing allegations the mayor was caught on video allegedly smoking crack ...
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When philanthropys part of the business model marketing takes care of itself
In Creole, the word "kore" means anchor, or support. When used as a greeting, it connotes respect, and can be translated roughly as "I've got your back."For a company getting ready to expand into Canada, the word represents the anchor of its marketing strategy as well. Sir Richard's is a condom brand, built on a giving model; for every condom it sells, it gives one ...
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Eight Swimmers Set to Represent Israel at World Championships
PHOENIX, Arizona, May 23. THE Israel swimming foundation announced this week that seven men and one woman will represent the country at the FINA world championships this summer in Barcelona, Spain.College swimming fans will recognize the names of three of the swimmers on the roster. Guy Barnea (UC-Berkeley), Gal Nevo (Georgia Tech) and Nimrod Shapira Bar-Or (Arizona) have each represented their ...
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Kahne embraces long races like the Coca-Cola 600
Kasey Kahne climbs into his car for practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Mike ...
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FMC Technologies Snags Subsea Work for Shells Stone Field
Stones field development. Stones is an ultra deepwater project located in the Walker Ridge area of the Gulf of Mexico, approximately 200 miles (322 kilometers) off the Louisiana coast in approximately 9,600 feet (2,926 meters) of water. FMC Technologies' scope of supply includes eight subsea trees, a subsea manifold, topside and subsea controls and associated equipment. "Deepwater ...
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State of Lagos-Ibadan Expressway affecting economy —ACN
The Lagos State chapter of the Action Congress of Nigeria has said the worsening state of the Lagos-Ibadan Expressway is negatively affecting the economy of Lagos. It urged the Federal Government to take a serious affirmative action to rescue the road from total ...
Latin America Focus
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Latin American unity plagued by tensions
Division and suspicion seem the order of the day in Latin America at present, negating any optimism that the countries of the region may one day move toward a regional integration model based on that of the EU.
Latin America has seen itself become heavily divided over the issue of whether to readmit Honduras to the Organization of American States (OAS) after the 2009 coup, with all the Central American states accepting the new government while big regional players like Brazil and Mexico insist that more must be done before they’ll recognize it. Meanwhile, President Alan Garcia of Peru has told Latin America news providers that there is a quiet arms race occurring in the region. In all, it seems that regional integration along the same lines as the EU remains a long way off at present. Read more
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