Latest International Business News
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Governments failing to protect minorities says US
US Secretary of State John Kerry has expressed concern at global problems of discrimination and violence against religious groups, including Baha'is, Buddhists, Hindus, Jews, Christians, Muslims, and Sikhs besides increasing use of blasphemy and apostasy laws. "In too many places, governments are also failing to protect minorities from social discrimination and violence," he said Monday ...
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World Bank UN chiefs to visit African Great Lakes region
The World Bank President, Jim Yong Kim, and UN Secretary-General Ban Ki-moon will make a joint visit to Africa's Great Lakes region, a World Bank statement said Monday. The visit is to be undertaken in support of a landmark peace agreement and to push for economic development in the troubled region. "The visit will draw attention to the plight of fragile and conflict-affected countries ...
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US drugmaker Actavis buying Warner Chilcott in $8.5bn deal
WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...
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Morgan Stanley India to sell wealth management arm to StanChart
MUMBAI - The UK based Standard Chartered (StanChart) Monday announced plans to acquire the Indian private wealth management business of US multinational financial services firm Morgan Stanley for an undisclosed amount as part of plans to expand operations. The acquisition is subject to regulatory approvals. "Standard Chartered India has agreed to acquire Morgan Stanley's onshore private ...
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Born to the business
A: As a child, I was only involved with Kobey's through our advertising. We've always been a family business and ever since I was born, my family used me and my sister, Elizabeth, as models in our advertising campaigns on billboards and TV ...
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Competition transforming state’s gasoline industry
As a gasoline consumer of long standing, my knees jerked last week with the news that a major consolidation in the Southern California oil refining industry had sailed through reviews ...
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UK Shale Gas Industry Could Support 74000 Jobs
A new report from UK employers' organization The Institute of Directors (IoD) argues that shale gas development in the UK could create tens of thousands of jobs, reduce imports, generate significant tax revenue and support British manufacturing. Released Wednesday, the IoD's report, titled "Getting Shale Gas Working", makes a series of claims that support the view that shale ...
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Fantastic Holdings issues earnings downgrade
AAP reports that the downgrade reflects the weak retail sector as well as the costs of "strategic initiatives" that the company has pursued. The group said in a statement to the Australian Securities Exchange that it expects to report a net profit after tax (NPAT) in the range of $13.5 million to $15.5 million, compared to FY2012 underlying earnings of $21 million. "The ...
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Microsofts Mehdi Xbox One Can Do 4K Gaming More Original Content Coming
next-gen gaming console, but there are some questions that remain unanswered, so I sat down with Yusuf Mehdi, Corporate Vice President of Marketing and Strategy, Interactive Entertainment Business, to try to get to the bottom of a few lingering questions and a few of my own. All of the demos we've seen today at the Xbox campus have been on gorgeous flat panel HDTVs running at 1080p, the ...
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Innovation jumpstarts Jilins economy
Both industry and farming more efficient, Liu Mingtai reports Jilin authorities said they will continue policies that sharpen the province's edge in innovation to better promote efficiency and sustainable development. Even with rich agricultural resources and a well-established industrial base, Jilin ranks just 22nd among the 31 provincial economies on the Chinese mainland. Its growth in ...
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Lis India visit attracts global attention
Premier Li Keqiang's first visit to India is significant for the two countries, and has attracted wide media attention. Below are reports from some media ...
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A bow a kiss or a handshake how to greet overseas business contacts
Customs and etiquette for meeting and greeting colleagues and counterparts from other cultures vary widely across the world. On the one hand, savvy business travellers find it useful to fit into other cultural situations. On the other, it's important to avoid cringeworthy displays of cultural insensitivity, no matter how well-intentioned. The trick is to know what to expect, but to be ...
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Three former Ford executives charged in Argentine torture cases
Argentine union workers for kidnapping and torture after the country's 1976 military coup. All three men are now in their 80s. Their case is part of a new wave of prosecutions focusing on corporate support for the dictators who ran Argentina in 1976-1983, and the 150-page indictment written by Judge Alicia Vence reads like a history lesson, going to considerable lengths to explain why their ...
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Ex-Ford execs charged in Argentine tortures
BUENOS AIRES, Argentina (AP) -- Three former Ford Motor Co. executives have been charged with crimes against humanity in Argentina for allegedly targeting union workers for kidnapping and torture after the country's 1976 military ...
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Report Big Ten eyes Ford Field for bowl game
reports ESPN.com . Currently, the Little Caesars Pizza Bowl played in Detroit pits teams from theMid-American Conference and the Big 10. The Big Ten’s opponent would no longer be from the MAC and a team from the ACC is the most likely opponent for the Big Ten. The game will be played at Ford Field, which is the home of the Lions.The new bowl would eliminate the Little Caesars Pizza ...
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Christie Blatchford Toronto Mayor Rob Ford’s refusal to deny crack allegations is doing him no favours
Toronto Mayor Rob Ford sits during a City council meeting at Toronto City Hall on Tuesday May 21, 2013. Ford ignored a crush of reporters waiting outside his city hall office this morning in the hopes he would address allegations that he was recorded on video appearing to smoke crack cocaine. THE CANADIAN PRESS/Nathan ...
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B.C. mining company was justified in hiring Chinese miners court rules
Sergio Garcia refused to back down Tuesday in his ongoing spat with his enemy Tiger Woods, but expressed the desire to enjoy this week in the company of his friends, the Europe Ryder Cup ...
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Wife of Nashville Crewmember Questions Emotional Toll of Industry Work
"She made Don smile because she told him he mattered. She shared in the loss and that he will be missed," Bensko wrote. "And she reminded me, a production wife, that there are good people in this industry who truly do wish that they could make it ...
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Exclusive Bob Lutz Chinese in bid to buy Fisker Automotive - sources
WASHINGTON - Apple Inc Chief Executive Tim Cook made no apology on Tuesday for the iPad maker saving billions of dollars in U.S. taxes through Irish subsidiaries and told lawmakers that his company backs corporate tax reform, even though it may end up paying more. ...
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Five agencies win Cricket World Cup work
can reveal. The Local Organising Committee (LOC) for the ICC Cricket World Cup whittled down the 30-plus expressions of interest (EOI) they received for the three different disciplines to five successful firms. OMD is one of those five having been awarded the media buying duties. CHE Proximity, which was widely rumoured to be on the shortlist along with Ogilvy and GPY&R Melbourne, has ...
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Friday Opinuendo Minnesota On business ethics memorials and more
Getting it right "Mistakes do happen," but Minnesota businesses place a high priority on "getting it right," David Rodbourne, vice president of the Center for Ethical Business Cultures at the University of St. Thomas, told us. "They're very diligent about building commitment to high ethical standards into their business practices." That's evident in 2013 ...
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Gene Eisenmann Excess and Surplus Lines Industry Leader Passes
Gene Eisenmann, a leader in the excess and surplus lines industry in Texas and nationally, has passed away after a long battle with a host of illnesses, his family by his side. A giant of E&S lines, Eisenmann built companies, advanced the interests of the industry and, perhaps most importantly, helped hundreds of men and women advance and improve their careers. Eisenmann was founder and ...
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The Rob Ford spectacle is incredible and outrageous and his friends need to demand that he do the right thing
Canadians trust their politicians to do the right thing, even if they do the wrong thing. They trust them to have honour, and to respect the honour of their office.The time for Toronto Mayor Rob Ford to address allegations that he was captured on videotape smoking crack in the presence of a drug dealer was last Friday, when the allegations emerged, or Tuesday at the latest. The moment passed him ...
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Watch Allegations the Rob Ford re-enactment video
A Toronto teen art collective has released a YouTube video, re-enacting a video that allegedly shows the city mayor`s smoking crack cocaine. The teens' re-enactment is based on media reports of what is depicted in the ...
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A teen-art collective re-enacts Rob Ford scandal
Pssssst wanna see a video of a seemingly stoned, very large, mumble-mouthed guy insulting Justin Trudeau - and not have to pay $200,000 for the experience?Get thee then to YouTube where seven members of a teen-art collective from Toronto's often-troubled Parkdale district have posted their re-enactment of "the alleged video that allegedly depicts [Toronto Mayor] Rob Ford'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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