Latest International Business News
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A million more people join the ranks of the global super-rich
stock markets helped bolster the fortunes of wealthy investors.The number of "high net worth individuals" climbed by 10% in 2012, taking the total worldwide to 12m, according to research by Royal Bank of Canada and consultancy Capgemini.Between them, these twelve million people owned assets worth $46.2tn (29.5tn) - more than three times the entire annual output from the US economy, and ...
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FIFA World Cup Qualifying Wrap Ethopia Egypt top groups
They secured a 2-1 success at home to South Africa on Sunday, however, their place in the last phase is under threat following an announcement from FIFA that they are face an investigation for allegedly fielding an ineligible player in a fixture with Botswana on June ...
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Afghan Business Owners Pin Hopes On Peace Talks
Kabul-based businesswoman Hassina Syed thinks talks with the Taliban are critical for the Afghan economy. She heads The Syed Group of Companies, which includes restaurants, hotels and an export-import business. Syed tells anchor Marco Werman that as US military forces leave her country, she’s already lost the majority of her business. ';I think 60 or 75 percent of damage came up ...
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PRI’s The World 06182013
Tuesday on The World: The US and the Taliban agree to hold peace talks. Also, the protests continue in Brazil over transportation costs and government expenses. Plus, Australia’s prime minister tackles gambling advertising in primetime ...
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Brazil Protests Continue Over Rising Public Transportation Costs and Government Spending on the World Cup Olympics
Protests continue in Brazil over the rising cost of public transportation and over the government’s massive spending to prepare venues for upcoming sporting events. While some of the protests have turned violent, many eyewitnesses say police have been using unnecessary force to crack down on the demonstrators. Anchor Marco Werman speaks with one of the protesters in Rio, attorney Marcia ...
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Cuba Versus Turkey in Under 19 World Volleyball
Havana, Jun 18 (Prensa Latina) The Cuban male under-19 volleyball team will make its debut against Turkey in the start of the 13th World Championship of the category on June 27, to be disputed in two Mexican cities. The Cuban team will play its first match against Turkey in the city of Mexicali, the host for Pools B and D, and later it will meet Argentina on June 28, after that they will have a ...
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Ford Dumping Touchscreens on Entertainment Systems
After complaints about touchscreen controls, automaker Ford says it will return to physical radio tuning knobs and buttons in its car entertainment systems. The complaints center on the difficulty of using the MyFord Touch touchscreen multimedia systems offered on some vehicles models beginning in 2011. Physical buttons and knobs will make a return with upcoming redesigns of existing ...
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Former Corporate Executive Indicted for Executing Fraud and Money Laundering Scheme Involving More Than $230 Million in Purchases
An indictment was unsealed this morning in federal court in the Eastern District of New York charging Carl Fiorentino, the former president of computer and electronics seller TigerDirect, with mail fraud, wire fraud, and money laundering in connection with a scheme to defraud TigerDirect and its parent company, Systemax Inc. ("Systemax"). Systemax is a publicly traded company with ...
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U.S. coach calls DeAndre Yedlin a vital part of team going into FIFA U-20 World Cup
held a conference call with reporters Tuesday afternoon ahead of the FIFA U-20 World Cup, which starts this week in Turkey. The U.S. kicks off group play Friday against Spain, the tournament favorite. One of the players who came up a few times on the call was Sounders FC ...
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England stun NZ in Junior World Cup semi
A controversial 74th minute try to Tom Smallbone has helped England stun NZ in this morning's Junior World Cup rugby semi-final in Vannes in France. England won 33-21 and were helped considerably by Smallbone's five pointer, which was awarded on video review by the TMO, from a ruck near the NZ line, despite no clear evidence of a try. Until then, NZ were well in the match, having ...
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CORRECTED-FEATURE-From the ashes of Webvan Amazon builds a grocery business
Tue Jun 18, 2013 5:29pm EDT (Corrects to remove reference to Mark Zaleski in paragraph 18) By Alistair Barr SAN FRANCISCO, June 16 (Reuters) - The online grocery start-up Webvan may have been the single most expensive flame-out of the dot-com era, blowing through more than $800 million in venture capital and IPO proceeds in just over three years before shutting its doors in 2001. Twelve years ...
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Tech Stocks H-P Intel boost Dow Facebook rises
SAN FRANCISCO (MarketWatch) -- Technology stocks were modestly higher Tuesday, lifted by gains in shares of Hewlett-Packard Co., Intel Corp. and Facebook ...
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Adobe profit falls but earnings beat Street
SAN FRANCISCO (MarketWatch) - Adobe Systems Inc. on Tuesday reported a fiscal second-quarter profit of $76.55 million, or 15 cents a share, compared with a profit of $223.88 million, or 45 cents a share, for the year-earlier period. Revenue fell to $1.01 billion from $1.12 billion. Adjusted profit was 36 cents a share. Analysts polled by FactSet on average were expecting the business software ...
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Underemployment Widespread Among College Graduates Worst For Business Majors Analysis
Kathryn Higgins wants to work in museums. But even though she holds a bachelor's degree in literary and cultural studies and a master's degree in public humanities, she knows that finding a job that fits her education and skills would be like "winning the lottery." "My ultimate goal right now is just to get a full-time job that has benefits; I don't care if ...
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Worlds Richest People Got 10 Percent Wealthier In 2012 Study
June 18 (Reuters) - The number of millionaires in the world jumped 9.2 percent to 12 million last year, in part because of simultaneous strength in the stock, bond and real estate markets, according to a study of the high-net-worth ...
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Google challenges Fisa courts gag orders on reporting user surveillance
Surveillance Court to relax its gag order on tech companies targeted in US security investigations.The search giant stepped up its campaign for greater transparency from the US courts Tuesday in the wake of the disclosure of the National Security ...
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West Africa has worlds worst piracy rate report
A ship of the Nigerian navy, taking part in a counter-piracy patrol on September 28, 2011. Wast Africa has overtaken Somalia as the world's piracy hot-spot with 966 sailors attacked last year, a report by the International Maritime Bureau (IMB) said on ...
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Microsoft Makes A Few Advertising Announcements At Cannes Lions
Microsoft has some advertising news today out of Cannes Lions. Last year at Cannes, Microsoft Advertising’s Yarn announced it would be working in partnership with creative agencies and brands on some new ad experiences. Today, they announced a new wave of prototypes they developed with agencies like BMB, Razorfish, Rooster Worldwide, UM, and VML and brands like All Saints clothing, ...
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Maddox Jolie-Pitts character gets shot in World War Z cameo
Actor Brad Pitt and Angelina Jolie are shown with their six children (L-R) Pax, Shiloh, Vivienne, Maddox, Knox, Zahara, at Haneda International Airport as they leave Tokyo, Japan on November 10, 2011. They were in Tokyo for the Japanese premiere of Pitt's movie "Moneyball". UPI/Keizo ...
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Survey Most women business leaders are team players
Women in top executive positions in the United States and elsewhere are frequent participants in team sports, a survey by accounting firm Enrst & Young found. The survey that included 821 executives and senior managers of substantial firms found 67 percent of women in top executive jobs at some point participated in a team sport while managing their careers. The survey only included ...
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Japanese veteran entrepreneur advises on the creative economy
Japanese veteran entrepreneur advises on the creative economy . JUNE 19, 2013 05:38. ...
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World Brief | Africa Six Men Sentenced for Attacking Sufi Shrine in Tunisia
CAIRO ...
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US Agriculture Industry Opposes Changes to Food Aid Program
CAMBRIA, WISCONSIN -- The Food for Peace program costs about $1.5 billion annually and provides U.S.-grown food to countries in need. But President Barack Obama’s proposed 2014 budget includes changes to the 59-year-old program - replacing some commodity shipments with direct cash purchases in foreign countries. While some aid agencies welcome the proposed changes, farmers and millers in ...
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10 Reasons the Global War on Terror Must Continue
that illustrate the need for such a strategy, now more than ever. The administration has continuously avoided the rhetoric and policies of the Global War on Terror, and American interests and lives have paid the ...
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Peruvians protest Newmonts $5-billion mining project
Thousands of opponents of Newmont Mining's $5-billion (U.S.) gold project circled a lake high in the Andes on Monday, vowing to stop the company from eventually draining the lake to make way for Peru's most expensive ...
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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