Latest International Business News
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Cancer survivor Kleybanova makes victorious comeback
After a victorious comeback to professional tennis, former World No. 20 and cancer survivor Alisa Kleybanova vowed Monday to return to the sport's biggest competitions. The Russian, 23, won two WTA titles before being forced to quit the sport in July 2011 when she was diagnosed with Hodgkin's lymphoma. After an aborted comeback bid last year, Kleybanova made a successful return last week at a ...
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Australian construction industry to see slow recovery
The Australian building and construction industry will see a mixed recovery over 2015-16 after a number of challenging years, according to Master Builders Australia (MBA) forecasts released Monday. While the forecasts predict a positive growth for the industry, MBA reports that the current economic climate is creating headwinds that may impede the timing and strength of recovery. There's light ...
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Solar Power Inc. warns it could go out of business
The light continues to fade at Solar Power Inc.Reporting another quarterly loss Monday, the Roseville solar-energy developer said it has burned through much of its cash and again warned shareholders it's in danger of going out of business.Solar Power is a victim of an industrywide bust in the solar business, caused largely by massive overproduction on the part of Chinese solar-panel ...
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Azerbaijani envoy in US gets Turkish World Service -2012 award - PHOTOS
TRKSAV, Writers and Artists Foundation of Turkish World, has presented Turkish World Service -2012 award to an Azerbaijani diplomat. On 17 May, during a ceremony dedicated to Turkish Day Parade TÜRKSAV President Yahya Akengin presented Turkish World Service Award 2012 to Azerbaijani ambassador to the U.S Elin Suleymanov for supporting lobbying efforts of the Turkish world against unfounded ...
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The Global Afterlife Of Your Donated Clothes
Worker Charles Lee sorts through clothes at Mac Recycling near Baltimore. Textile recycling is a huge international business, and a small facility like Mac ships about 80 tons of clothes each week to buyers around the ...
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At the threshold of new era in deep sea mining - ISA
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New Stillwater Mining board will replace McAllister as CEO
While former Montana Gov. Brian Schweitzer decides if his political future lies in the U.S. Senate, he is taking on the post of the new chairman of the Stillwater Mining ...
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Freight industry must grow - Motlanthe
Deputy President Kgalema Motlanthe says South Africa needs to increase its use of rail freight to boost economic growth and preserve the country's roads. File photo: Bongiwe ...
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Mauritius Drop in tourism hurts earnings
Earnings from tourism in Mauritius fell 12.4 percent from a year earlier to 12 billion rupees (R3bn) in the first three months of this year as the weak economic environment in Europe hurt visitors’ spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990 000 from a previous estimate of 1 million, but expected tourism revenue to rise to 46.1bn rupees from 44.3bn ...
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Ryanair flies high as earnings top forecasts
A sharp rise in earnings from add-on charges for items such as baggage and pre-assigned seating yesterday helped boost Ryanair’s earnings above expectations in the past year, lifting its shares to a record ...
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Boot up Intel v big data wearable and health Apple on tax Google Island and more
Intel is a $53bn-a-year company that enjoys a near monopoly on the computer chips that go into PCs. But when it comes to the data underlying big companies like Facebook and Google, it says it wants to "return power to the people."Intel Labs, the company's R&D arm, is launching an initiative around what it calls the "data economy"--how consumers might capture more of ...
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The wonderfully weird world of webcomics | Dean Burnett
Webcomics are a popular, diverse and increasingly widespread format that most people are blissfully unaware. To address this, an interview was conducted with the team behind the popular UK-based webcomic Exterminatus ...
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LIVE The 8th annual Arabian Business Forum
10:45: Next up is Ryan Mahoney, the charismatic CEO of Better Homes, one of the biggest realtors in Dubai. The family business, founded by Mahoney's mother, Linda, is now reaching outside the UAE into global ...
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Kiwi Womens Sevens champs eye Moscow World Cup
The triumphant New Zealand Women's Sevens team has returned home after securing the inaugural IRB Women's World Sevens Series with a win at the final tournament in Amsterdam. There will be little time for the players to rest on their laurels with the squad due to get back together in just over a week for a camp in lead up to next month's World Cup in Moscow. Coach Sean Horan is ...
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Lonmin NUM gets a push in the out direction
In what is seemingly a move to ensure a safe operating environment at Lonmin this week, the company has back-pedalled on the agreement to give the NUM until July to vacate its offices, revising the deadline to May 31. With parties not willing to directly discuss matters still before the Commission for Conciliation, Mediation and Arbitration (CCMA), a source close to the process said on Monday ...
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Shell out more to buy booze in thirsty Delhi
Get ready to pay more for booze. On Monday, the Delhi government approved a hike in alcohol rates as part of the new excise policy.As per the Cabinet decision, the rates of Indian Made Foreign Liquor (IMFL) will go up by five per cent, while that of country-made liquor will see a rise of up to 11 per cent. The hike was cleared at a meeting presided over by Chief Minister Sheila Dikshit. The new ...
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Li says China will allow greater access to Indian business
(52 mins ago) Premier Li Keqiang who is visiting India pledged to open up domestic markets to Indian businesses and narrow a gaping trade deficit between the two countries. ';As for Indian concerns over the trade deficit, the Chinese side is willing to provide facilitations for more Indian products to access the Chinese market,'' Li said during a speech to Indian business ...
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Tips for keeping small business afloat during slow summer season
Although the summer season is hot for some small businesses, others see it as weak for their revenues. That is because both kids and adults are off on vacations and trips, which ...
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Business Development Manager - Tech B2B experience - $100-150k
The ideal candidate will have over 5 years business development/sales experience within the technology or finance sector in an agency or client side environment The candidate must have experience working with B2B or B2C clients and have an extensive background in managing existing and new ...
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Divi’s Laboratories tanks over 6 on weak Q4 earnings downgrade
Divi’s Laboratories Ltd slipped over 6 per cent in morning trade on Tuesday, after the company posted 16.75 per cent decline in its consolidated net profit at Rs 180.57 crore for the fourth quarter ended March 31, ...
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Mining boom in transition Treasury boss
The resources sector's contribution to economic growth will fall because increased production won't be enough to offset the decline in mining investment, Treasury Secretary Martin Parkinson warns.Dr Parkinson says the economy faces two major transitions over the next few years, which while supported by lower interest rates, will be challenged by continued weakness in the global economy ...
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Bill ending corporate contribution limits OKd
Alabama lawmakers have agreed to a litany of changes to state election law, including eliminating the cap on corporate political contributions and making it easier for regulated utilities to influence ...
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Ghana hopes to shield economy from African oil curse
Tue May 21, 2013 2:30am EDT * Economists cite risks of fiscal laxity, Dutch disease * Nigeria saw agricultural sector ravaged, corruption soar * Ghana wants to increase investment in cocoa sector * Ghana has strong democratic institutions, oil wealth funds By Matthew Mpoke Bigg and Kwasi Kpodo ACCRA, May 21 (Reuters) - Oil brought riches to Nigeria but also ravaged its economy and fuelled ...
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Russian retailer X5 Q1 earnings fall beat fcast
MOSCOW | Tue May 21, 2013 2:21am EDT MOSCOW May 21 (Reuters) - Russian food retailer X5 said on Tuesday its first-quarter net profit fell 1.8 percent year-on-year, mainly due to higher finance costs, to $65.1 million, but beat a $51.1 million analyst forecast. The company also said its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose 3.7 percent to ...
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REFILE-GLOBAL MARKETS-Dollar firms as suspense builds Asia shares dip
Tue May 21, 2013 2:30am EDT * Dollar index firmer, but down from near 3-year high * MSCI Asia Pacific ex-Japan slips 0.2 percent * Nikkei up slightly, hits 5-1/2-year high By Masayuki Kitano and Vidya Ranganathan SINGAPORE, May 21 (Reuters) - The U.S. dollar inched up against major currencies but stayed well off highs on Tuesday as investors cautiously traded expectations of whether Federal ...
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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