Latest International Business News
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Two world opera stars to appear in concert on Red Square
MOSCOW, June 19 (Itar-Tass) - Anna Netrebko and Dmitry Khvorostovsky, the Russian operatic stars of global renown are expected to give the first ever joint concert in Moscow Wednesday. Performing arts and show biz analysts expect a capacity crowd of spectators at the concert. Tuesday, the two singers faced a capacity crowd of reporters at a news conference that brought together representatives ...
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Goleta Sues Department of Finance Over Funds for San Jose Creek Project
The City of Goleta filed a lawsuit late yesterday against the California Department of Finance (DOF) regarding the money earmarked to complete the public safety improvements to the San Jose ...
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Australias World Cup history – in pictures
After two unsuccessful campaigns, Australia finally qualified for their first World Cup. Australia were dealt a tough group. Games against East and West Germany (pictured above), ended in defeat. They gained a point against Chile but it wasn't enough to save them from group-stage elimination. Photograph: ...
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World Bank report foresees 1.4-pct growth for Macedonia in 2013
Macedonia's GDP will grow by 1.4 percent in 2013, according to the latest World Bank South East Europe Regular Economic Report published on Tuesday.The group of six South East European countries made a fragile recovery: its combined real GDP is projected to grow 1.7 percent in 2013 after a 0.6-percent decline in 2012, according to the report.However, the recovery in Macedonia is still ...
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IMF downgrades Russian economy outlook
The International Monetary Fund ( IMF) has lowered its forecast of Russian GDP growth in 2013 from 3. 4 percent to 2.5 percent, head of the IMF mission said Tuesday."The growth will amount to 2.5 percent in 2013 and to 3.25 percent in 2014," Antonio Spilimbergo told reporters following talks with Russian government officials here.In April, IMF forecast that Russian economy would grow ...
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World Bank report indicates economic recovery for Albania
Albania is projected to grow at a rate slightly higher than its 2013 rate of 1.8 percent, according to a World Bank report presented on Tuesday.Supported by a steady export performance, the report said other drivers of recovery included electricity and agriculture, partly because of improved weather conditions.The group of six southeast European countries made a fragile recovery with its ...
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Alipays spare money business stirs online investment
E-commerce giant Alibaba Group, which runs Taobao.com, has established a new business offering customers higher investment yields than interest from banks.Five years ago, group board chairman Ma Yun said if Chinese banks do not change then they will be forced to change. The venture could be the beginning of that process.Alipay, China's leading third-party online payment platform and a ...
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China Ghana work closely to tackle illegal mining
China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday.Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of development of ...
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Blatter Brazil asked to host World Cup
FIFA president Sepp Blatter denied Tuesday that the Confederations Cup and World Cup are the causes for mass protests across Brazil.Demonstrations, which began last week in response to rises in public transport fares, have turned into a nation-wide rally against bad governance and corruption.Many marchers expressed their anger at the billions of dollars spent on new football stadiums for next ...
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FIFA World Cup Asian qualifying results
Following are the results of FIFA World Cup Asian qualifiers on Tuesday:At SydneyAustralia 1, Iraq 0At SeoulSouth Korea 0, Iran 1At TashkentUzbekistan 5, Qatar 1Note: Australia, South Korea and Iran have qualified for the World Cup ...
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Ex-UNESCO chief visits Cambodias World Heritage Preah Vihear temple
Koichiro Matsuura, ex-director general of the United Nations Educational, Scientific and Cultural Organization (UNESCO), on Tuesday visited Cambodia's Preah Vihear temple, a world heritage site, a Cambodian spokesman said.Dim Sovannarom, spokesman for the 37th session of the World Heritage Committee (WHC), said that Koichiro Matsuura, accompanied by Dr. Jiang Mingjun, President of the ...
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United Airlines Becomes North American Launch Customer for Boeing 787-10 as It Increases Dreamliner Order to 65
United Airlines (NYSE: UAL) today increased its 787 Dreamliner order to 65 aircraft (including six previously delivered aircraft) with an order for 20 787-10s. United is the North American launch customer for the 787-10 and it expects delivery of its first aircraft in 2018. United ordered 10 incremental 787-10 aircraft and will convert 10 existing 787s on order to 787-10s, enabling the airline ...
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Industry allocated funds will help NSW tourism reach targets
Key industry body’s are satisfied the AU$130 million allocated to Destination NSW in the 2013-14 NSW budget will boost the state’s visitor economy and encourage future opportunities. Leaders from both the Tourism Industry Council NSW and the Tourism & Transport Forum (TTF) have expressed their support for the level of funding the state has received and the ways in which these ...
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US festival part of Shaolin global expansion
The Shaolin Temple in central China, known as the cradle of Chinese kung fu, is preparing to stage its first cultural festival in the United States as part of the expansion of its global ...
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Myanmar sees promising growth in clothing industry
Myanmar's clothing industry is expected to grow as a result of the country's readmission to a preferential EU trading scheme, according to sources from the industry. The European Union readmitted Myanmar to its trade preference scheme on June 12 which grants developing nations preferential access to the 27-nation bloc for several products in the form of lower tariffs. "This is a ...
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Chinese mining industry contributes to abuses in Democratic Republic of the Congo
The DRC authorities have not only failed to prevent mining companies and traders abusing rights, they have themselves violated human rights to facilitate mining ...
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2 supercomputers from Pune in worlds fastest 100
supercomputers in the world was announced on Tuesday during the launch of the opening session of the International Supercomputing Conference in Leipzig, Germany. Rajat Moona, director general, C-DAC said, "This is a major step for the country (for two of its supercomputers) to figure in the top 100 fastest supercomputers in the world. Over the years, India was losing its position in the ...
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Dwindling Great Lakes squeeze shipping industry
TOLEDO, Ohio -- It’s the 14th straight year of low water levels for the $34 billion shipping industry that relies on the Great Lakes.And for ships like the Mesabi Miner, that comes at a great cost.On a recent Saturday the vessel drifted through the Detroit River and docked in Toledo, where the crew began the eight-hour process of unloading 66,000 tons of iron ore, the rounded clay-colored ...
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Boeing 787 from Denver to Tokyo makes emergency landing in Seattle
A Boeing 787 Dreamliner flying from Denver to Tokyo made an emergency landing in Seattle Tuesday because of an oil filter problem, United Airlines said. United Flight 139 departed Denver at 1:19 p.m. MDT and landed at Seattle-Tacoma International Airport shortly after 4 p.m. PDT, The Denver Post reported. "The aircraft landed normally and we are working to re-accommodate customers," ...
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BP classes Iran as top gas reserves holder in world
BP classes Iran as top gas reserves holder in world BP classes Iran as ...
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Korean Air says signs MOU to buy 11 aircraft from Boeing
SEOUL, June 19 | Tue Jun 18, 2013 9:17pm EDT SEOUL, June 19 (Reuters) - For more on this story, double click on ...
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GLOBAL MARKETS-Nikkei rallies others subdued as Fed looms
Tue Jun 18, 2013 9:02pm EDT * All eyes on Fed Chairman Ben Bernanke after FOMC meeting * Markets hoping for clarity on any pullback in Fed stimulus * Nikkei higher; Asian stocks and major currencies mark time By Ian Chua SYDNEY, June 19 (Reuters) - Japanese stocks started trade on Wednesday with a spring in their step thanks to a positive lead from Wall Street and a softer yen, but the rest of ...
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Wynne takes steps to rebuild fractured relationship with Ford
Ontario Premier Kathleen Wynne is extending an olive branch to Toronto Mayor Rob Ford, offering to repair their rocky relationship and insisting she would not "stand in judgment" over the drug allegations dogging his administration.In an interview at her Queen's Park office on Tuesday, Ms. Wynne acknowledged her rapport with the chief magistrate of her province's largest city ...
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Special Report Energy Gas Prices Moving Away From Link to Oil
LONDON -- Last month, Mitsui and Mitsubishi, of Japan, and GDF Suez of France said they would join with Sempra Energy, based in San Diego, California, to build a $10 billion liquefied natural gas plant in Hackberry, ...
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Boeing to Build Stretch-Dreamliners
U.S. plane maker Boeing Co. said Tuesday at the Paris Air Show it has orders for 102 extended versions of its 787 Dreamliner jet. With fewer than 100 of the original Dreamliners delivered to date, Boeing said it has orders for the stretch version -- called the 787-10 -- worth $29 billion, The New York Times reported Tuesday. The longer jet will have seating for 330 passengers, compared to ...
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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