Latest International Business News
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Nepali-Canadian first to climb Everest without prosthetic limbs
In a bid to prove to the world that "disability was not inability", Sudharshan Gautam, a Nepali-Canadian citizen, became the first amputee to climb Mount Everest without the help of prosthetic limbs, officials said Monday. "We received information that Gautam, who has no hands, climbed Mount Everest," Dipendra Paudel, an official at Nepal's mountain department under the ministry of tourism and ...
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Chinese hackers resume cyber attacks on U.S. companies government agencies
Chinese hackers have resumed attacks on America three months after hackers, who worked for a cyber unit of China's People's Liberation Army, went silent amid evidence that they had stolen data from scores of American companies and government agencies. The hackers appear to have resumed their attacks using different techniques, according to computer industry security experts and American ...
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In pictures Dubai in top 10 fastest rising property markets in the world
Number 4: Vehicles zip down Umm Amara Road with the night time Dubai skyline in the background. Prices in the emirate rose 18.3% from March 2012 to March 2013. Sarah Dea/The ...
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World stocks mixed ahead of Fed statements
BANGKOK -; World stock markets were mixed Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus ...
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Does France have right plan to revive its economy
Unionists employees of Arkema Kem One chemical company and employees of other petrochemical sites, burn flares as they block the Arkema plant in Marseille, southern France, Tuesday, May 14 , 2013. Kem One, the maker of vinyl products announced last July it may cuts jobs. CGT stands for General Work Confederation. (AP Photo/Claude ...
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Democratic Senator uses Okla. tornado for anti-GOP rant over global warming
Daily Caller May 21, 2013 While many Americans were tuned into news coverage of the massive damage from tornadoes ravaging the state of Oklahoma, Rhode Island Democratic Sen. Sheldon Whitehouse took to the Senate floor to rail against his Republican colleagues for denying the theory of anthropogenic global warming. Whitehouse spent 15 minutes chastising GOP senators and justified his remarks ...
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Joel Skousen Obama Creating A Third World America
May 21, 2013 Alex continues with author Joel Scousan discussing the ongoing globalist agenda to topple the American way of life and the Public’s necessity to prepare themselves for ...
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Mining services suffer as Australias mining boom peaks
- A spate of profit warnings from Australian mining services firms suggests the country's "once-in-a-century" resources spending boom may have peaked sooner than companies, economists and policymakers had ...
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Unlike your dentist finance industry has no substitute for gold
As recently as the turn of this century, global gold demand for tooth fillings averaged more than 60 tonnes a year. That equalled almost 2.5% of global gold mining output. German dentists alone stuffed 24 tonnes of gold into people's mouths in 1996. But technology, like fashion, moves ...
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How the French economy compares to Germanys UKs
PARIS -- Here's how the struggling French economy stacks up compared to Germany's and Britain's.GROSS DOMESTIC PRODUCT (2012)France: 2 trillion euros ($2.7 trillion) Germany: 2.6 trillion euros ($3.3 trillion)Britain: 1.9 trillion euros ($2.4 trillion)MANUFACTURING AS A PERCENT OF GDP (2009)France: 10.7 percentGermany: 19.3 percentBritain: 11.0 percentGROWTH RATE (2012)France: ...
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Finance chief Purisima blasts CA ruling on Phoenix Petroleum
MANILA, Philippines–The Department of Finance questioned the Court of Appeals’ decision stopping the Department of Justice from pursuing the smuggling case against the President and CEO of Phoenix Petroleum Philippines(Phoenix)as well as its customs broker,Jorlan Cabanes. ';TROs like this one effectively prevent the government from prosecuting smuggling. Our courts and court ...
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United top TV earnings
Premier League TV money after winning the title - but even the club that finishes bottom next season will exceed that income due to the top flight's huge new broadcasting ...
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Chile worlds third largest mining investment destination report
Chile is the world's third largest mining investment destination, said a report.Chile trails only Canada and Australia in attracting mining investment, according to a report release by the state-owned Chilean Copper Commission on Monday.Mining Minister Hernan de Solminihac said he was aware of the challenges from developed mining countries in areas of skilled laborers and business ...
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MOA to support hog industry
/enpproperty--> The Ministry of Agriculture issued a guideline on Monday to support the hog industry, which is battling falling prices due to weak demand and oversupply. The guideline said the government will enhance services for farmers, promote large-scale hog farms and focus on disease prevention. The industry has been hit by falling prices since the start of the ...
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Industry body launches campaign to focus on mental disorders
MUMBAI: The Geneva-based International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) launched on Tuesday the 'Do You Mind?' campaign to focus attention and to prompt action on mental and neurological disorders (MNDs). The campaign launch takes place at the start of ...
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World Cup Infrastructure Inadequate - Deputy CEO
ST. PETERSBURG, May 21 (R-Sport) – Russia is struggling to beef up its hospitality infrastructure ahead of the 2018 World Cup, with seven of the 11 host cities lagging behind in the number of hotel rooms on offer, World Cup deputy CEO Alexander Djordjadze said Tuesday. Only Moscow, Sochi, St. Petersburg and Kazan meet the FIFA requirement of 60,000 hotel rooms for host cities, Djordjadze ...
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Vodacom to expand across Africa
It seeks to bring data services and smartphones to new markets. The company will look to enter the countries by acquiring local operators, chief executive Shameel Joosub said in an interview after a full-year earnings presentation. He declined to identify the target nations. "We've cracked the African model," Joosub said at the company's Johannesburg headquarters. ...
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Burberry earnings tumble China sales boost revenues
(31 mins ago) Luxury label Burberry said annual net profits fell 3.4 percent after it took a large exceptional charge. Earnings after tax slid to £254.3 million in 12 months to the end of March, compared with net earnings of £263.3m in its 2011-12 financial year. Burberry's performance was hit by a one-off charge of £82.9 million linked to the termination of a fragrance ...
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Fitch Rates Sri Lankas Melsta Regal Finance A+Stable
Slow Progress on GAAP and IFRS Convergence; Optionality for Impairments Increases Significant differences will remain between the GAAP and IFRS accounting standards in 2013, although cooperation and progress continues on some remaining joint projects, according to Fitch Ratings. The pipeline of new standards promises increasing commonality between the two platforms over coming years. Progress ...
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48 private companies likely to sell shares worth $1.8 bn by June
The national auditor has alleged that telcos acted as a cartel in spectrum auctions & accused the government of wittingly or unwittingly aiding mobile phone companies by not acting against ...
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Zimbabwe Mining Firms to Engage Govt
INCOMING Chamber of Mines of Zimbabwe president and Zimplats chief executive Mr Alex Mhembere says constant dialogue with Government is key to maximising the mining industry's contribution to national economic development. Mr Mhembere said this after he was elected the chamber's new president at a closed council meeting during the 74th annual general meeting at Troutbeck Resort in ...
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Morning business news - May 21
GREENCORE CEO BELIEVES GLOBAL TAX LAWS WILL BE TIGHTENED UP - Global tax law is going to become an area of much greater focus and will be tightened up. That is according to Patrick Coveney, the chief executive of Greencore and former head of the Dublin Chamber of Commerce. "One of the things that I find a little ironic is that it's the politicians in all of these countries that have ...
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Philippine president creates task force to improve business competitiveness
Philippine President Benigno S. Aquino III has created an inter-agency task force that will help investors do business in the country.Executive Secretary Paquito Ochoa Jr. said Tuesday that Aquino signed Administrative Order No. 38, creating the Task Force on Ease of Doing Business (EODB Task Force) that will improve the country's global ranking in business competitiveness.The task force ...
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Self-Regulation Of Advertising By Beer-Industry Code Violations
In order to avoid exposing vulnerable groups such as children and young adults to alcohol advertising, industry groups have developed their own self-regulation guidelines. However, these guidelines have been criticized for possible conflict of interest, lack of objectivity, and unresponsiveness to complaints about violations. A study of violations of the U.S. Beer Institute code has identified a ...
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Greatest Global Health Challenge Providing Healthcare In Developing Countries
One of the world's biggest challenges is improving global healthcare in developing countries. However, according to the World Bank Group President Dr Jim Yong Kim, although there's been progress in improving global health over the past twenty years, the failure to address "the gritty business of actually delivering health care in developing countries", is causing ineffective ...
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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