Latest International Business News
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Bernanke Fed could reduce pace of bond purchases later in year if economy keeps improving
WASHINGTON -- Chairman Ben Bernanke says the Federal Reserve could scale back its $85 billion in monthly bond purchases later this year if the economy continues to improve. Bernanke says the reductions would occur in "measured steps" and that the program could end by the middle of next year. His comments were made during a news conference Wednesday after the Fed concluded its two-day ...
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Obamas Nuclear Push Moscow Fears Loss of World Power Status
A world without nuclear weapons? It's a nearly inconceivable scenario for the Kremlin, even if its arsenal costs Russia billions each year. Since the break-up of the Soviet Union, the country has suffered a major drop in influence. Now it's doing all it can to cling to the geopolitical power it has ...
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Comerica Bank report shows rosy outlook for California economy
California's current economic expansion is sizable and likely to continue, according to Dallas-based Comerica Bank's California Economic Activity Index.Comerica said today that the state index climbed 2.2 points in April to 106.6. For comparison, the index averaged 101 for all of 2012, and 98 for all of 2011.April's reading is 34 points, or 47 percent, above the index cyclical low ...
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Personal Finance blog IRS offers free tax webinar Thursday for small business owners
National Small Business Week , the IRS is offering a free online tax webinar on Thursday for small business owners. The 1-hour workshop, "Avoiding the Top Tax Mistakes that Small Businesses Make," will cover common errors made on business taxes; reliable strategies for recordkeeping; how to choose a tax preparer and other topics. It starts at 11 a.m. and includes a live Q&A ...
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Take an early peek inside Microsofts new downtown Portland store
PORTLAND, Ore. - Microsoft Corp. gave reporters a preview of its gleaming new Portland store Wednesday ahead of its Thursday grand opening. Manager David Dantes leads a staff of 45 at the 3,200-square-foot store, constructed in the former Romano’s Macaroni Grill restaurant, 300 S.W. Yamhill St., at Pioneer Place in downtown Portland. The Portland store is one of seven Microsoft ...
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DP World to Build Terminal at Jawaharlal Nehru
signed a concession agreement for the development of a stand-alone container-handling facility at the Jawaharlal Nehru Port.Under the deal, a terminal with a quay length of 330 meters (about 1,083 feet) will be developed by DP World at an estimated cost of Rs. 600 crore (about US$102.2 million). The estimated capacity addition will be 0.8 million 20-foot-equivalent units per year. The project is ...
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Indie Memphis rock movies return to Levitt Shell Big Star film to premiere
June 19--Search our databases Unseen for almost 20 years, a filmed record of Big Star's historic 1994 homecoming reunion show at the New Daisy on Beale Street has been edited into a feature that will have its premiere this summer as part of the third annual Indie Memphis "Concert Film Series" at the Levitt Shell. "Big Star: Live in Memphis" is the working title of the ...
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Margate residents appeal against giant new Tesco
Angry residents of Margate have appealed to the High Court against the Government's decision to build a giant Tesco store on the ...
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US companies criticise UK healthcare firms charitable status and tax breaks
A flyer for the St John's hospice summer fair recently dropped on doormats across north London. The top half of the leaflet advertised the bouncy castle and candyfloss; the bottom half promoted Casualty First - "your private walk-in urgent care centre."Both the hospice and walk-in centre are parts of the Hospital of St John & St Elizabeth, a private healthcare operator that is ...
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Godolphin find success scarce but its business as usual at Royal Ascot
Sheikh Mohammed's Godolphin operation have had a mixed week at Royal Ascot, just weeks since the steroids scandal at their stable. Photograph: Tom ...
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For Small Business Week Maybe Throw More Spaghetti Against The Wall
When politicians talk about supporting small business, they usually refer to Joe the plumber, Mike the barber, or maybe even Barbara's flower shop. They understand that when most of us think about small business, most of us think about what I refer to as the Main Street type businesses around the corner. Unfortunately, ...
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Papers please Microsoft creates second-class citizens with Office iPhone app
Computerworld - Microsoft erred when it decided that the new Office Mobile for iPhone would be available to Office 365 customers but not to those who purchased a traditional "perpetual" license to Office 2013, an analyst argued. "It's a mistake," said Frank Gillett of Forrester Research in an interview last week. "Any one [with Office 2013] should be able to access ...
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Automotive giant GM plans to invest US$11 bil. in China
SHANGHAI--General Motors will invest US$11 billion in China through 2016, executives said Wednesday, as the U.S. car giant broke ground on a plant to produce luxury Cadillacs for the world's biggest auto ...
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World Bank highlights link between climate and poverty
In a report released Wednesday, the international lending institution warned that heat waves, rising seas, more severe storms and other impacts of climate change will trap millions of people in poverty. As a result, the Washington-based bank said it is stepping up support for efforts to curb climate change and to help the world adapt to it. "Urgent action is needed to not only reduce ...
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Wanda expands global footprint with UK plans
Dalian Wanda Group is to invest more than 1 billion pounds ($1.6 billion) to buy a British yacht maker and to build a top-end hotel in central London, in a bid to expand its overseas presence. The company said on Wednesday that it will pay about 320 million pounds to acquire a 91.81 percent stake in Sunseeker International Ltd, a Dorset-based luxury yacht manufacturer which is famous for ...
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Federal Reserve more optimistic about US economy keeps stimulus program unchanged
Federal Reserve said on Wednesday that it will maintain the pace of its bond-buying program to keep long-term interest rates at record lows. But it offered a more optimistic outlook for ...
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Incendiary Russian anti-bureaucrat ad campaign produces record wins at world’s most prestigious festival
Scandal A street campaign exposing the unwillingness of Russian officials to fix city roads has won four awards at the annual Cannes Lions festival. But the woman behind the advert says the idea cost her her job, and potentially, her freedom. Executed by Voskhod advertising agency, Make Politicians Work has become the first Russian campaign to be awarded statuettes in four different ...
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Climate change is the threat of our time President Obama pledges new arms pact with Russia and a greener world
In a speech at the Brandenburg Gate that instantly invited comparisons with visits to the same spot by some of his predecessors, President Barack Obama sought to make a historic imprint of his own, pledging to forge a new pact with Russia to further cut nuclear arsenals and to step up the fight against global ...
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Genetically-modified crop inventors win World Food Prize
(Left to right) Robert T. Fraley and Mary-Dell Chilton of the United States, and Marc Van Montagu of Belgium were named Wednesday as winners of the 2013 World Food Prize during a ceremony in Washington, D.C. (World Food Prize ...
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Employee burnout costing companies billions Report
Burnout, depression and other mental health issues are hurting employee productivity and costing Canadian companies billions, a new report says. The study found workers are concerned about job security, horrible bosses and trouble at home. "The impacts of an individual's personal and work-related problems on his or her mental health cannot be considered separately," said the ...
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Canadas insulin discovery enshrined in UNESCOs Memory of World register
A woman fills a syringe as she prepares to give herself an injection of insulin in a file photo. The Discovery of Insulin collection from the University of Toronto Libraries records one of the most significant medical discoveries of the 20th ...
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Business groups say expanding Medicaid would save them money
Medicaid expansion plan that the Legislature left on the table when the 2013 regular session ended in May. The Florida Health Care Coalition and the California-based Pacific Business Group on Health said Wednesday that most of their members want the cost savings to business that they say would come with the Medicaid expansion plan endorsed last spring by ...
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Many Companies Are Negligent About SAP Security Researchers Say
IDG News Service - SAP has significantly improved the security of its products over the past few years but many of its customers are negligent with their deployments, which exposes them to potential attacks that could cripple their businesses, according to security researchers. The biggest issue is that companies expose insecure SAP services to the Internet -- not only HTTP services, but also ...
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Microsoft will pay up to $100K for new Windows exploit techniques
Microsoft has announced that it will give security researchers cash rewards for devising novel software exploitation techniques, creating new exploit mitigation systems, and finding bugs in the beta of Internet Explorer 11 when it's released later this month. Bug bounty programs, where security researchers receive a cash reward from software vendors for disclosing exploitable flaws in ...
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Aerocar Worlds first flying car up for grabs for $1 million
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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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