Latest International Business News
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June 28 to see News Corp split into two companies
WASHINGTON - Rupert Murdoch's News Corporation Friday announced the planned separation of the $76-billion conglomerate into two distinct publicly traded companies, with one to be renamed 21st Century Fox and the publishing firm to retain the News Corp brand. The split has been formally approved by the Board of Directors. The Company announced appointments to the Boards of Directors of both ...
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Audit records of Chinese firms to be made accessible to US regulators
BEIJING - Chinese regulators Friday announced that they have signed a memorandum of understanding with their US counterparts giving American authorities increased access to documents from Chinese audit firms. The signing of the MOU between China Securities Regulatory Commission (CSRC), the Ministry of Finance (MOF) and the US Public Company Accounting Oversight Board (PCAOB) is a significant ...
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Investments being sought by Croatia for oil exploration in Adriatic Sea
ZAGREB/LONDON - Croatia, soon to become the 28th member of the European Union,- is looking to undiscovered oil and gas fields in the Adriatic Sea to revive its ailing economy, according to the country's president. Ivo Josipovic told CNN that Croatia is searching for partners in the energy sector to help reveal oil and gas "green fields" in the waters that separate the Balkan nations and ...
More International Business News
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Fan fiction authors to find platform on Amazon
WASHINGTON - Amazon, the largest online retailer of books, movies, music and games, Friday offered its Kindle e-book platform to fan fiction authors to sell some of their work. Fan fiction is literature inspired by popular books, shows, movies, comics, music, and games. Publication outside of blogs and online fanzines is often difficult because of copyright issues. Amazon Publishing has ...
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Central bank of China to push forward market oriented reforms
BEIJING - China is planning to steadily push forward market-oriented reform in its interest rates and exchange rates mechanisms this year as part of the financial sector reforms to better serve the real economy, a central bank report said on Friday. The "China Financial Stability Report (2013) released by the People's Bank of China stressed that it would be steadily promoting the interest ...
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IMF warns UK against continuing austerity programme
LONDON - In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
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RIL-BP make gas discovery in KG-D6 block
Reliance Industries Limited (RIL) has announced a huge natural gas discovery in the flagging eastern offshore KG-D6 block which would help in arresting falling output. In a statement issued here it has claimed that the KGD6-MJ1 well was drilled in a water depth of 1,024 metres - and to a total depth of 4,509 metres (4.5 kilometres below seabed). "Formation evaluation indicates a gross gas and ...
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News Corp. Board approved companys split into two public traded entities
News Corporation Board has approved the split of its company into two publicly traded entities putting a step forward in separating its entertainment businesses from the publishing division. The board announced the terms of share distribution, named the board of directors for both the firms, and a 500 million dollars stock-buypack program for the new corporation. In a report by Fox News, the ...
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Bang With Friends mysterious CEO revealed
Bang with Friends- the controversial Facebook app run by its CEO and co-founder who just goes by his initial 'C' has been revealed accidentally by Internet New York which included the founders' name on the online ballot. BWF app creator Colin Hodge, 28, and Omri Mor had remained anonymous till last week, but the leak of their identity through Internet Week New York disappointed Hodge, the Daily ...
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Historic web page recovered by online appeal
An attempt to recover the first web page from the earliest days of web world has been successful. The page recovered belonged to 1991 and was demonstrated by Sir Tim. Cern launched its project to recover artefacts and documents from those earliest days. Web creators Tim Berners-Lee and Robert Cailliau initiated a public appeal for files, hardware and software tracing the earliest days of web ...
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Ex-world champ warns Hamilton to look out for biggest threat Rosberg in Monaco
Former world champion Damon Hill has warned Mercedes ace Lewis Hamilton that his biggest threat to second triumph in Monaco is his teammate Nico Rosberg, instead of big guns Sebastian Vettel or Fernando Alonso. The German son of Finland's 1982 champion Keke Rosberg has been a revelation this year, out-qualifying Hamilton for the last two races and establishing his credentials by keeping the ...
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Japans ORIX announces capital participation in major Mongolian financial firm
Orix Corporation, a leading integrated financial services group of Japan, has announced its decision to foray into the Mongolian financial services business through an alliance with TenGer Financial Group (TFG), a major Mongolian financial group. The Japanese investment giant has reached an agreement to purchase about 16 percent of shares in TFG and will obtain the necessary permits in view of ...
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9-year-old girl tells McDonalds CEO to not trick kids into eating unhealthy food
A 9-year-old girl took on the head of McDonald's Corp. on healthy eating during the fast-food chain's annual shareholders meeting on Thursday. Fourth-grader Hannah Robertson, who spoke up during the gathering's question-and-answer session, told the fast food mogul that it would be nice if he stopped trying to trick kids into wanting to eat junk food all the time, the New York Daily News ...
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China planning to give private businesses larger role in economy
China is planning to give a larger role to private businesses and market forces in its economy. The move comes in a major policy shift intended to improve living conditions for the middle class and to make China a stronger competitor on the global stage. According to the New York Times, in a speech to party cadres, Chinese Prime Minister, Li Keqiang, said the central government would reduce ...
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Car sharing with strangers a growing business in US
The sight of a hitchhiker on the curb trying to hail some charitable driver could be a thing of the past as the practice of car sharing grows. As a result of the recent economic crisis, the US has seen a wide range of companies ready to convert any and every car into a rental vehicle and provide its proprietor with extra income, while offering clients much lower prices than what a taxi or a ...
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Russia plans four spacecraft launches in 2014
Russia's Energia Rocket and Space Corporation will make four launches next year from the Pacific Ocean-based Odyssey platform under the Sea Launch programme, an official said. Corporation president Vitaly Lopota said that after 2014, Energia will be able to make five or more launches a year. Next year's launches will be the first since one of Sea Launch's Zenit vehicles carrying an Intelsat-27 ...
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Moily says proposed natural gas price revision to apply to all companies
Strongly refuting allegations of favouring Reliance Industries, Petroleum and Natural Gas Minister M Veerappa Moily has said that the proposed revision in natural gas price will apply to all companies, including state-owned ONGC. He said the proposed increase in natural gas price is being done strictly in line with the formula proposed by the Prime Minister appointed panel headed by Economic ...
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UN rights experts call for stronger protection of victims of caste-based discrimination
24 May 2013 150 More than 260 million people across the world are still victims of human rights abuses due to caste-based discrimination, United Nations independent experts warned today, urging South Asian countries to strengthen legislation to protect them. "Caste-based discrimination remains widespread and deeply rooted, its victims face structural discrimination, marginalization and ...
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Private firms may travel to lunar surface NASA report
A study of future human missions has indicated corporate researchers could be living on the moon by the time NASA astronauts head off to visit an asteroid in the 2020s. The study by Bigelow Aerospace, commissioned by NASA, shows "a lot of excitement and interest from various companies" for such ventures, Daily Mail quoted Robert Bigelow, founder and president of the Las Vegas-based firm, as ...
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Condom handout at Russian WWII monument slammed
A prominent Russian lawmaker Friday called for public condemnation of a recent handout of condoms by AIDS activists at an monument in honour of soldiers who died in World War II. "The most serious reaction to such things is not the introduction of new administrative bans, but a sharp condemnation by society," said Olga Batalina, head of the Russian parliament's committee on family ...
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British Open squash Pallikal goes down fighting to World No.2
India's Dipika Pallikal fought hard before losing to local hope Laura Massaro in the pre-quarterfinals of the Allam British Open Squash Championships here. Fifteenth-ranked Pallikal squandered a great start to go down 11-7, 10-12, 9-11, 6-11 against the World No.2 amid cold and wet conditions surrounding the glass court at the KC Stadium here Thursday night. Her loss ended India's challenge in ...
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World Pakistan school bus fire kills 16 children
children , aged between four and 10, were just a few kilometres from their school in Gujrat, about 200km (120 miles) south-east of the capital Islamabad, when the incident ...
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Microsoft And Google Play For High Stakes over YouTube On Windows Phone
finally received Microsoft's YouTube client for their handset. Developed by Redmond, after Google declined to support their mobile platform, the client has already sparked a war of words (and legal letters) between the two tech companies. The saga of the WP YouTube client is far from over, but it highlights two important areas - Microsoft means business with Windows Phone, and YouTube is ...
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Federal government seeks corporate sponsors for Ottawa events
People look at the colourful foliage out over the Ottawa Valley from the top of Champlain Lookout in Gatineau Park in Hull, Quebec on Sunday, Oct 3, 2010. (THE CANADIAN PRESS / Pawel ...
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Were No. 2 How the world views Canadas influence
If the world was a high school cafeteria, Canada would probably be sitting at a table with the athletes and cheerleaders, suggests a new global popularity poll. Canada ranked second in a ...
Kazakhstan Focus
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Kazakhstan capital's next challenge
Astana, the capital of Kazakhstan, has experienced rapid growth in recent years and has seen the completion of some impressive architectural feats, now there are plans by the government to build a huge indoor city within the capital, providing the country with a modern feat of engineering and a tourist attraction of which to be proud.
Astana and Dubai, despite vast differences, have a few things in common as cities. Dubai is not the capital of the United Arab Emirates, while Astana is the capital of Kazakhstan, Astana is one of the coldest capitals in the world while Dubai is in one of the hottest regions on the planet. But Astana, like Dubai, has experienced rapid development in recent years, due in large part to the relocation of the capital to the city, and like Dubai, it has had to make sometimes impressive adaptations to architecture and development in order to compensate for the climate. Read more
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