Latest International Business News
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Trinindad Football hints at probe to uncover missing funds
The Trinidad and Tobago Football Federation (TTFF) has hinted that an investigation could be launched into unaccounted revenues generated by the federation from World Cup 2006. President of the TTFF Raymond Tim Kee announced Tuesday that a probe is being considered during a press conference at the Hasely Crawford Stadium, reports CMC. "From our understanding, TTFF is very much a part of ...
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U.S. to collaborate with India on developing global approach to combat terrorism
The United States has pledged to collaborate with India on developing a global approach to combat increasing terror threats. After the India-US Homeland Security Dialogue in Washington, a joint communique said the two countries have also agreed to enhance bilateral co-operation to combat terror financing and currency counterfeiting. Home Minister Sushil Kumar Shinde led a high-powered Indian ...
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Casual sex after split could help heal broken hearts
The first order of business after a split is by getting involved in some casual sex, according to experts. However, casual sex to some is fine only if the two have truly, emotionally, moved on, the Huffington Post reported. It could be good idea, as it helps you to forget that you have been sleeping with a jerk before. As long as it is protected there is problem at all. It's part of the ...
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Oliver tops 110m hurdles at World Challenge Beijing
With the absence of Chinese star Liu Xiang, American David Oliver topped the men's 110-metre hurdles at the 2013 IAAF World Challenge Beijing here, while China's Li Jinzhe continued his good form and grabbed a second win in the men's long jump. Oliver, bronze medallist in the event at the 2008 Beijing Games, held off the challenge of London Olympic runner-up Jason Richardson and Jamaica's ...
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Business slump in May leaves France mired in recession - PMI
PARIS (Reuters) - French business activity retreated again in May despite a slight improvement in manufacturing, a survey showed on Thursday, offering little hope of a quick exit from recession in the euro zone's second-biggest economy.Data compiler Markit said its preliminary composite purchasing managers index, covering activity in the services and manufacturing sectors, was unchanged in ...
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Fifa World Cup-themed $820 million mall for Qatar
A QR 3 billion (US$820 million) World-cup themed shopping mall in Doha which hopes to attract 20 million visitors a year is set to be completed in 2015 the developer said yesterday. Developer UrbaCon Trading & Contracting said the Mall of Qatar, a 162,000 square metre mall located in Doha next to one of the future venues for the FIFA 2022 World Cup, has been designed with a FIFA theme. ...
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Ford cites high costs currency for decision to quit making cars in Australia
Ford Motor Co. will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom.Ford Australia will close its engine plant in Geelong and its vehicle assembly plant in Broadmeadows, both in Victoria state, with the loss of 1,200 jobs, Ford ...
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Oil falls below $94 as China manufacturing weakens
BANGKOK -; The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is ...
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Xbox One Steve Jobs dream device made by Microsoft
Just before he died, Steve Jobs told his biographer Walter Isaacson about his dream for revolutionizing television. His fantasy device would control all the many doodads that crowd your living room - DVRs, game consoles, Blu-ray players - and would connect to the vast world of entertainment available online. Best of all, it would be drop-dead simple to control - no more futzing with the Input ...
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Between economy and trouble Obama approval steady
President Barack Obama and first lady Michelle Obama watch as singer-songwriter Carole King performs after being presented the Library of Congress Gershwin Prize for Popular Song during an East Room concert honoring King Wednesday, May 22, 2013, at the White House in Washington. (AP Photo/Jacquelyn ...
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What 1.2b Indians think about the world
With 1.2 billion people and counting, India is projected to become the most populous country on the planet by 2030. Now, a comprehensive new opinion survey sheds light on the worldview of Indians from all levels of society, writes Rory ...
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China manufacturing contracted in May
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's number two economy is slowing. HSBC said today the preliminary version of its monthly purchasing managers index fell to a seven-month low of 49.6 from April's 50.4 on a 100-point scale. Ang figure below 50 show a contraction. "The cooling manufacturing activities in ...
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Kazakh president suggests int’l organization be set up to study fundamental global problems
ASTANA, May 23 (Itar-Tass) - Kazakhstan’s President Nursultan Nazarbayev has suggested an international organization for the study of fundamental global problems be established on the basis of the G-Global ...
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Madonna Inn’s Zip Sip Stay Package
/small-ad --> I envy birds' ability to snub gravity and soar through the air. Perhaps parachuting from an airplane would give me a taste of avian freedom, but that ain't going to happen -- ever. Fortunately, there are other ways to get a bird's-eye experience: zip-lining over pastures and vineyards in north county, for example. On a recent weekend, I had a chance to do just ...
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Work to start on new worlds tallest tower in June
Broad Sustainable Building, the Chinese firm looking to build a modular tower that will become the world's tallest building, has said that it intends to break ground on the project next month. The company is planning to build am 838m-high (2,749ft) tower known as Sky City. The building has been prefabricated off-site, but the pieces will soon be moved on site to begin a seven-month ...
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Ford closure sends shockwave through manufacturing industry
Australia Ford's decision to close its Australian plants is sending shockwaves through the manufacturing industry, with fears the initial 1,200 job losses could lead to more retrenchments in the car parts supply industry.Ford Australia president Bob Graziano today announced the car-maker would shut its Broadmeadows and Geelong plants in October 2016, bringing an end to nearly 100 years of ...
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Samsung Galaxy S4 record breaking moment Smartphone global sales crosses 10 million in less than a month
Galaxy S4 smartphon e have crossed 10 million units in less than a month of its commercial launch.The South Korean electronics giant started selling the handset on April 27.To find out more on ...
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Microsoft Surface Pro review a device of many talents
mystery press conference in Los Angeles on 19 June last year. Indeed, it was something of a shock, because for the first time, Microsoft was competing against its biggest customers: Windows PC suppliers such as Acer, Asus, Dell, HP, Lenovo, Samsung and ...
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Eurozone manufacturing and services PMIs in focus on Thursday
European stock indices are expected to open more than 1% lower this morning, after data showed China's manufacturing sector fell into contraction territory in May, following months of slowing growth. The HSBC manufacturing PMI released over night came in well below expectations at 49.6, raising further doubts about the recovery seen in China over the last six months. Falling demand in the ...
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Rupee weakens below 56 to over 8-12 mth low on global dollar strength
Tim Cook’s congressional debut, following an appearance at Obama’s State of the Union address in Feb, shows the iPhone maker can no longer afford to keep the low profile in ...
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Congo-Kinshasa On Joint Visit to DR Congo UN and World Bank Chiefs Voice Support for Latest Peace Effort
In the first visit of its kind, Secretary-General Ban Ki-moon and World Bank President Jim Yong Kim are in the Democratic Republic of the Congo (DRC) to support a recent peace deal and promote economic development in the long-troubled region. "This is a critical moment for the Democratic Republic of the Congo and the Great Lakes region," Mr. Ban told reporters in the capital, ...
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Central Africa World Bank PledgesU.S. $1 Billion to Great Lakes Region
On the first day of a joint United Nations/World Bank Group mission to the Great Lakes region, the World Bank Group announced $1 billion in proposed new funding to help countries in the region provide better health and education services, generate more cross-border trade, and fund hydroelectricity projects in support of the Great Lakes peace agreement that was signed by 11 countries in ...
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Fee income boosts S.Africas Investec FY earnings by 18 pct
Thu May 23, 2013 3:04am EDT JOHANNESBURG May 23 (Reuters) - South African investment bank and asset manager Investec reported an 18 percent rise in full-year profit on Thursday, boosted by strong income from fees and commissions. Investec, which is also listed in London, said diluted headline earnings per share totalled 30 pence in the year to end-March, compared with 25.4 pence a year ...
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Lloyds raises 450 million pounds from St. Jamess Place share sale
LONDON (Reuters) - State-backed Lloyds Banking Group said it had raised 450 million pounds from the sale of 15 percent of wealth manager St. James's Place to boost its capital.Lloyds said the 77 million shares had been placed at 580 pence per share, a 9.4 percent discount to its Wednesday closing price of 640 pence.After its previous sale of shares in St. James's Place in March, Lloyds ...
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Bartow Teen Wins New Ford Mustang From Bartow Ford
Coffman, 17, of Bartow was the winner of Bartow Ford's 20th annual Drive for Excellence event Saturday.A junior at George Jenkins High School in Lakeland, she won a 2014 Ford Mustang V6 convertible as part of the car dealer's yearly event to honor local students who excel in the classroom."I still can't believe it because I'm 17 and I have a $35,000 car. It's ...
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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