Latest International Business News
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Putin calls for fast naval deliveries
President Vladimir Putin has criticised the state-owned United Shipbuilding Corporation (USC) for delay in delivery of warships to the Russian Navy and demanded the shipbuilders to improve efficiency. Established in 2007, the USC is the country's largest shipbuilding and ship repair company. "Problems still remain with deadlines and the quality of implementation of orders, including defence ...
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On World Day UN encourages joining do one thing for diversity and inclusion campaign
21 May 2013 150 Visit a museum, watch a foreign film or share your traditions with someone else, the United Nations is today encouraging people to 8216;do one thing' to mark the World Day for Cultural Diversity for Dialogue and Development. "Culture, in all its diversity, can foster a sense of identity and cohesion for societies at a time of uncertainty. It is also a powerful source of ...
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UAE Singapore discuss global development
The United Arab Emirates (UAE) and Singapore have held talks over international development. The talks were held between UAE's minister for international cooperation and development, Sheikha Lubna bint Khalid al-Qasimi and visiting Singaporean minister for foreign affairs K. Shanmugam and his delegation. Both sides discussed ways to support efforts in international development, stimulating the ...
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Hainan delegation attends 9th Intl Cultural Industries Fair in Shenzhen
A Hainan delegation held a series of promotional activities to promote 11 cultural industries projects at the four-day 9th China International Cultural Industries Fair (ICIF) which kicked off at the Shenzhen Convention & Exhibition Center in Shenzhen on May 17th. The delegation was comprised of about 330 representatives from 147 companies from 9 counties and cities of Hainan island, 18 ...
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Knoxville Glove Co. to close doors textile industry takes another hit
(WBIR-Knoxville) It's the end of an era for one of Knoxville's last textile plants. The Knoxville Glove Company opened in 1914, manufacturing protective handwear for electricians and other workers. On Friday, the few employees who still work there will be out of a job. "I came here in '53. Then I left in '59 and moved to Florida. then I came back in '61," ...
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Why Toronto Mayor Rob Ford was deemed an unfit high school coach
Toronto Mayor Rob Ford speaks to his Don Bosco Eagles team during the Metro Bowl quarter-final at Birchmount Park on Nov. 15, 2012. Ford has been dropped as volunteer coach of the high school football team. (Christopher Drost/THE CANADIAN ...
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The business case for happiness in the workplace
Happy people may be the most effective in the workplace. But the financial crisis, layoffs and salary freezes have reduced happiness in the workplace, studies have shown. (Jupiterimages/Getty Images/Polka Dot ...
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Ford to announce huge cuts
Ford is expected to announce a huge cut to its Australian operations from 2016.Fairfax radio is reporting that it will close its Broadmeadows and Geelong factories from 2016.Ford has not officially confirmed any closures, however a spokesperson has said that it would issue a media alert on Thursday morning.Federal Assistant Treasurer David Bradbury said he was yet to be informed of the ...
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Canada sets new aid for Peru linked to mining
LIMA, Peru -; Canada's prime minister has announced a new package of development aid for Peru that environmentalists are viewing warily because it is closely tied to Canadian mining investments in the South American ...
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Global Obesity Epidemic Due To Love Affair With Junk Food
The world is apparently filled with "junk food junkies." Those are the findings of new research presented today that suggests high-fructose corn syrup could cause behavioral reactions in rats. These reactions are reportedly similar to those produced by drugs of abuse such as cocaine, and could help explain, at least partly, the current ...
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World’s biggest wave farm approved in Western Isles
NEW YORK: Ministers have approved plans for the world's largest commercial wave farm, the British Broadcasting Corporation reported on ...
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Is Microsoft abandoning indie game developers with the Xbox One
Xbox One won't require always-online connection — but it'll be online a ...
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Liberty Memorial exhibit looks at origins of First World War
We officially declare the opening of summer on this Memorial Day weekend, which means it’s time go outside and soak up some sun. (Don’t forget the ...
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Ford to Bump Production by 200000 Vehicles
U.S. automaker Ford Motor Co. said it will bump up production in 2013 by 200,000 vehicles, due in part to increased demand on the West Coast. Ford said it plans to produce 3.4 million vehicles this year, the Los Angeles Times reported Wednesday. The company said it will hire 3,500 new workers and add shifts at its Flat Rock, Mich., assembly plant, which will produce vehicles bound for the ...
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Forbes Merkel Still Worlds Most Powerful Woman
German Chancellor Angela Merkel has maintained her position as the most powerful woman in the world, in a ranking published Wednesday by Forbes magazine. Merkel has held the number one position on the Forbes list of the 100 most powerful women in the world for the third year in a row. The 58-year-old chancellor has been a regular on the list since her first appearance in 2006, one year ...
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Microsoft caves in cripples YouTube for Windows Phone 8 with the latest update
On Wednesday, Microsoft rolls out an update for its YouTube Windows Phone 8 app which takes away the ability to download content from the popular video-sharing website. The latest iteration arrives one week after Google sent ...
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People on the move Surviving the world’s most dangerous journey
When he left his home in Chiquimula, Guatemala, at 5:00 am on 31 July 2008, Alberto Donis knew he was about to make be one of the most dangerous journeys in the ...
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Shell expects Majnoon greenfield project production within 2-3 months
Simon Henry, the chief financial of Royal Dutch Shell has said the company aims to start production from a greenfield project in Iraq's Majnoon oil field within the next two to three months, Dow Jones has reported. The ramp up in output from the field was delayed while Shell resolved operational and legislative issues relating to the project such as cost recovery and importing equipment, ...
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Ford Australia poised for important announcement amid shutdown speculation
Australia Ford Australia says it is poised to make an "important business announcement", amid speculation that the car-maker will confirm an end to all Australian manufacturing.Ford executives have called a press conference at the company's Melbourne headquarters for 10:45am.There are reports the car-maker will announce that it is shutting its Broadmeadows and Geelong plants ...
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Ford ends Australian production
FORD Australia is set to drop a bombshell on the car industry this morning. It is expected to announce the closure of its Broadmeadows car factory and its Geelong engine ...
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A Design Collective Creates Its Own Economy In El Salvador
The Carrot Concept is a multi-disciplinary design collective of artists, architects, and entrepreneurs in El Salvador. They launched their first collection during this past weekend's New York Design ...
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World Bank proposes $150 million loan to help Jordan with refugees
civil war in Syria , Jordanian and World Bank board sources said on Wednesday. "The (World Bank) board should act on it in June," one source told Reuters. "Pressure on Jordan is increasing and the loan should help ease the economic burden." Close to 500,000 Syrian refugees, out of a total of 1.5 million, have sought shelter in Jordan from an escalating civil war between ...
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Higher global supplies to keep coffee price low
The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ...
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Egypt grapples with economic dilemma as subsidy cuts hit industry
A boy runs after his goat in front of a closed factory on the outskirts of Cairo. The banner reads, 'Factory for rent.' Egyptian industry is struggling as political instability has scared off foreign investors and the government has started slashing energy subsidies. (ASMAA ...
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Executives decry pressure of ‘short-termism’ in earnings targets
Senior corporate executives say they have faced growing pressure in the past five years to meet short-term earnings targets, leading to a new campaign to urge shareholders to take a longer-term outlook for stocks they own.The heads of the Canada Pension Plan fund and international consulting firm McKinsey & Co. told a Toronto audience Wednesday they are launching a campaign to convince ...
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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