Latest International Business News
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Farewell Bernanke – Thanks For Inflating The Biggest Bond Bubble The World Has Ever Seen
Economic Collapse June 19, 2013 Federal Reserve Chairman Ben Bernanke is on the way out the door, but the consequences of the bond bubble that he has helped to create will stay with us for a very, very long time. During Bernanke’s tenure, interest rates on U.S. Treasuries have fallen to record lows. This has enabled the U.S. government to pile up an extraordinary amount of debt. During ...
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Brazil trade looks to score from the World Cup
Brazil is using football, one of its greatest passions to boost trade between the South American nation and Europe. The 2014 World Cup takes place in Brazil next June and July, a few weeks after the European elections and the nation is looking to use the sport to increase trade and investment. As Latin America's top economy, Brazil is also the worlds sixth largest and the fifth largest ...
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Russian foreign companies to sign important agreements within SPIEF
MOSCOW, June 19 (Itar-Tass) - Russian and foreign companies will sign several important agreements during the St Petersburg International Economic Forum (SPIEF) due to open in the Northern Capital on June 20, the SPIEF website reports on Wednesday. Ust-Luga Company and the ICT Group will sign an agreement on cooperation within carrying out a project to create an industrial zone on the area ...
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World War Z review Brad Pitts zombie action flick is surprisingly infectious
In this Doomsday blockbuster zombies are taking over the world, and they're not the slow-shuffle kind, either - these flesh-chompers move like lightning in their pursuit of a ...
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Qatar World Cup winter tournament under debate – video
Secretary general of the Qatar 2022 supreme committee Hassan al Thawadi says in Brazil that the World Cup could be hosted at 'whatever time' as the debate regarding the scheduling for the global event rumbles on. Summer temperatures in Qatar are often around 40 degrees Celsius, which would take a toll on most players. Many European clubs are opposed to a winter World Cup due to ...
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Foreign direct investment in Arab world surges by 10 to $47.1b in 2012
The UAE ranked second and its inflow rose 25 per cent to $9.6 billion Foreign direct investment, or FDI, into Arab world rose by nearly 10 per cent in 2012 led by Saudi Arabia and the UAE, according to a latest report.Last year, Arab countries attracted FDI worth $47.1 billion despite political uncertainty in some of them compared to $42.9 billion in the previous year, the Arab Investment and ...
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Emeraging markets contribution to world GDP set to grow to 70 by 2030
Citibank CEO of Citi - Middle East division spoke to LSE graduates about Dubai's increasing "global attractiveness to investors, corporations and talent."Globalisation, urbanisation and digitisation are the key trends shaping the future of Dubai as it develops into a global city, according to Atiq ur Rehman, CEO Citi - Middle East division.Speaking to an audience of over 100 ...
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World Bank warns Poorest will feel brunt of climate change
In a report released today, the international lending institution warned that heat waves, rising seas, more severe storms and other impacts of climate change will trap millions in poverty."Urgent action is needed to not only reduce greenhouse gas emissions, but also to help countries prepare for aworldof dramatic climate change and weather extremes,"WorldBankPresident Jim Yong Kim said ...
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Business majors most likely to be underemployed report finds
While underemployment is an issue facing many graduates, those who major in business administration and management, criminal justice, drama, English and psychology, are more likely to work in jobs they are overqualified for, according to a report released Tuesday by career web site ...
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Steep fall in demand for engineers in IT industry
These are hard times for engineering graduates. In happier days, they saw their seniors in college being mopped by India's $100 billion IT industry at fancy salaries. But they are unlikely to have the same career trajectory. There are indications that salaries, from now on, will be more modest and many fresh engineers will be lucky to find employment.Seats in engineering colleges have risen ...
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India JNPT DP World to Build New Container Terminal in Navi Mumbai
JNPT has signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for the development of standalone container handling facility at JN Port, Navi Mumbai, ...
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JAL starts compensation talks with Boeing over 787
Raising concerns over HCC's move, activists and proxy advisory firms have asked the company shareholders to oppose the board's remuneration proposal for ...
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Edible oils slide on sluggish demand global cues
NEW DELHI: Select edible oil prices fell by Rs 50 per quintal on the wholesale oils and oilseeds market today owing to slackened demand at prevailing higher levels amid a weak global trend. However, non-edible oils continued to trade at previous levels in restricted activity. Traders said slackened demand at prevailing higher levels amid a weak global trend on speculation that a rally to the ...
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AIRSHOW-Ryanair finalises $15.6 bln order for Boeing 737-800s
PARIS, June 19 | Wed Jun 19, 2013 5:40am EDT PARIS, June 19 (Reuters) - Ryanair finalised an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices at the Paris Airshow on Wednesday. The Irish budget airline made a provisional order in March for the ...
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World North Korea condemns Hitler report
Hitler managed to rebuild Germany in a short time following its defeat in WWI, Kim Jong-un issued an order for the Third Reich to be studied in depth and asked that practical applications be drawn from it," the source reportedly ...
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World markets mostly down as investors eye Fed
A worker stretches on a chair during a morning trading at the Tokyo Stock Exchange in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent gain. (AP Photo/Koji ...
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GLOBAL MARKETS- Shares choppy dollar steady as Fed meets
* European shares dip in jittery trade before Fed statement * Dollar steadies against major currencies, weaker vs yen * Oil holds around $106 a barrel, gold flat * German Bunds firm as debt auction eyed By Richard Hubbard LONDON, June 19 (Reuters) - European shares turned lower but major currencies and commodities stuck within recent ranges on Wednesday as investors awaited clarity on the U.S. ...
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Disney World Raises Entrance Price For Magic Kingdom
Disney is trying something new. It's charging a higher admission price for the Magic Kingdom than its other theme parks in Orlando. A one-day pass to the Magic Kingdom now costs $95 -- compared to $90 for Epcot, Animal Kingdom or Hollywood ...
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Survey African Americans Fearful Of U.S. Economy
And now another chapter in our series on African-American lives. NPR conducted a poll of African Americans with the Robert Wood Johnson Foundation and the Harvard School of Public Health. The survey found optimism but many respondents expressed fears about the ...
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Benefits of financial stability still not felt in ‘real economy’
The risk of the collapse of the single currency has "disappeared" according to the EU's economics commissioner. However, he warned that benefits to the real economy were still some time off, despite some signs of recovery. Speaking at the Brussels Economic Forum on 19 June, Olli Rehn said that the fear expressed last year that the euro would "disintegrate" were no ...
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UN honours radio programmes that address global issues
New York, June 19 : A message of hope from a boy on the war-torn streets of Kabul, a profile of Danish efforts to help the elderly live the way they choose and an investigative story on the cruel reality of human trafficking are the winners of this year's awards for outstanding radio programming presented by the United Nations as part of the 2013 New York Festivals ...
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World champion returns home
See your ad here JACOB Willcox has returned triumphant from Nicar agua after being named the U16 world surfing champion.The 15-year-old local competed in the 2013 Dakine World Junior Surfing Championship and in the finals took on Leonardo Fioravanti of Italy, Jake Marshall of the US and Reo Inaba of Japan.He beat them all with a score of 14.90 and some impressive man oeu vres. "Glad I could ...
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The Genting Group planning art exhibits and dragon dancers — and thats before Resorts World even opens
More gaming news In a 24-hour town where nonstop action on the Strip dictates the pace of business, most resort operators don't spend much time trying to draw vacationers to unopened properties. But that's exactly what the Genting Group plans to do. Hoping to transform an eyesore into a marketing campaign, the Malaysian gaming giant has proposed building exhibits along Las Vegas ...
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City of Knoxville offers annual Business Breakfast
Business owners interested in bidding on contracts worth millions of dollars with the city of Knoxville are invited to the city's annual Business Breakfast, to be offered at 7:30 a.m. Thursday, June 27, at the Knoxville Civic ...
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Finance Ministry’s purchase of currency not to affect rouble rate
MOSCOW, June 19 (Itar-Tass) - Russian Finance Ministry’s purchase of currency on the market will not affect the rouble exchange rate, the head of the Central Bank of Russia, Sergei Ignatyev, told a State Duma meeting on Wednesday. "We prepared new rules for currency interventions. To supplement the Reserve Fund, the Finance Ministry will buy currency at the Central Bank, while the ...
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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