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 ...
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UN urges collective efforts to achieve water secure world on Day for Biological Diversity
22 May 2013 150 Unless greater efforts are made to reverse current trends, the world will run out of freshwater, the United Nations said today marking the International Day for Biological Diversity and urging stronger scientific alliances to understand and protect natural resources. "We live in an increasingly water insecure world where demand often outstrips supply and where water quality ...
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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 ...
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Committee approves tax break for film industry
The Senate Taxation Committee has approved a slimmed-down bill to provide up to $20 million in tax credits to film companies that come to Nevada to produce such things as movies and television shows. Committee Chairwoman Debbie Smith, D-Sparks, said companies are leaving California and looking for other locations. There are "lots of opportunities" for Nevada to lure these firms. ...
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Ben Chu Why isnt a global tax on multinational profits on the agenda for G8
Of course, what Mr Schmidt and Google love isn't us Britons as individuals, but our money. The UK is the second-biggest advertising market for Google in the world, recording $4.9bn (3.2bn) in transactions here in 2012. But there's a truth, nonetheless, in Mr Schmidt's words. The massive UK market is more important to Google - and indeed many other multinationals - than those ...
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Invest In American Manufacturing Five Charts For Your Business Decision
Is manufacturing a good bet in America these days? The talk about reshoring, in which companies return to the United States those operations that they had previously located in a foreign country, is spurring renewed interest in factories here. Let's roll through five key points about the outlook for ...
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New Ford Campaign Counts On UEFA Soccer To Reach Europe
European advertising campaign this weekend tied to the "Super Bowl" of the continent's favorite sport, soccer. Ford of Europe is leveraging the hugely popular 2013 UEFA Champions League Final football match on Saturday to begin ...
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ITC rules Microsofts Xbox doesnt infringe on Motorola patent
The U.S. International Trade Commission has decided to make final a judge’s preliminary ruling that Microsoft's Xbox console does not infringe on a Motorola patent. ...
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Your say Ford Australia to close plants in 2016
it will close its Australian manufacturing plants in October 2016 , with the possible loss of hundreds of job.Ford president Bob Graziano said approximately 1,200 workers would lose their jobs when the Broadmeadows and Geelong plants were shut down.How will the closures affect you?Have your say ...
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The ROI of business travel and its future.
Not too long ago, the United States Travel Association published the results of a study it had commissioned through Oxford Economics; the study proved that business travel drives revenue and ultimately profit ...
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Van Gaal rejects Dutch World Cup hopes
Dutch name strong squad The 61-year-old even conceded that he could "count eight teams" who had a better shot at glory than the OranjeThe Netherlands currently lead Group D in Europe qualification with 18 points and can book their ticket to Brazil with a win against Estonia on June 9.But despite dreaming of hoisting the World Cup next year, Van Gaal said his thoughts remained ...
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Senior Tory senator earned over $290000 in corporate fees in 2012
OTTAWA -- A wealthy Conservative party fundraiser named to the Senate by Stephen Harper collected more than $290,000 in directors fees on top of his Senate salary while attending dozens of corporate board meetings in 2012.Corporate filings show that Irving Gerstein, the former official agent of the Conservative Party, was listed as in attendance for at least 48 board meetings last year.Gerstein, ...
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Should Microsoft really be stacking 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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Microsoft cleared in Xbox patent spat with Google
The U.S. International Trade Commission on Thursday said it won't review a final ruling that found Microsoft to be in the clear of infringing on patents held by Motorola Mobility, which Google acquired last year. The ruling ...
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Fidelity sells BostonCoach to Harrison Global
Fidelity Investments is selling BostonCoach to Harrison Global for undisclosed terms.The Waltham-based Harrison plans to maintain the BostonCoach name, the majority of its 500 drivers and other staff, and its Everett headquarters. CEO Larry Moulter, who’s led BostonCoach for the last five years, will leave the company.Fidelity Chairman Edward "Ned" C. Johnson III launched ...
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Hewlett-Packard Rue21 Buckle are big movers
NYSEHewlett-Packard Co., up $3.63 at $24.86The computer company's second-quarter results beat Wall Street expectations. It also boosted its full-year earnings forecast.Ralph Lauren Corp., down $4.37 at $183.69The luxury company posted a 35 percent jump in its fourth-quarter profit, but economic challenges in the U.S. and abroad cut into sales.The Buckle Inc., down $1.72 at $55.42The ...
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Europe unwilling to fund USAs global defense ambition
In the past few years, the U.S., the NATO leader, has raised the question of the need for Europe to increase defense spending. Does Europe need to worry that much about its own security? NATO made the most recent attempt to exert pressure on the Europeans on May 6. How will European leaders ...
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The act of the unconditional capitulation of Germany was signed in a suburb of Berlin on May 8 1945. The Second World War ended. Most Europeans had very little idea of ​​what the post-war world will look like. Washington was preparing to take on a le
The act of the unconditional capitulation of Germany was signed in a suburb of Berlin on May 8, 1945. The Second World War ended. The Third Reich collapsed under the onslaught of the Soviet Army and Anglo-American troops that were advancing from both the East and the West. Italians, French, Germans, Poles and Belgians were celebrating the victory over fascism. Most Europeans had very little ...
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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