Latest International Business News
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Costing Institute celebrates Annual Day
The Institute of Cost Accountants of India celebrated its Annual Day in which Mr. K. Rahman Khan, Minister of Minority Affairs was the Chief Guest and Mr. M.J.Joseph, Additional Secretary,Ministry of Corporate Affairs was the Guest of Honor. Cost Accountants from across the country, other distinguished guest and luminaries attended the event which was held at Hotel Oberoi. In the inaugural ...
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2018 FIFA World Cup stadium may be delayed until 2017
The completion date for Zenit St. Petersburg's $1.1 billion stadium has been put back again and it may not open until 2017, a decade after construction work began, the head of the government agency auditing the project said. The stadium is to host a 2018 World Cup semifinal, but the new date means there could be a rush to prepare it for scheduled Confederations Cup games in 2017. "The ...
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Andhra markets GAME city at Cannes
Riding on its extensive cinema industry, which produces one of the largest number of films in India, the government of the southern Indian state of Andhra Pradesh is keen to use the latest technological innovations in the industry to create skill development and employment opportunities for its youth. "We are planning to set up a GAME city which will serve as the hub for Gaming, Animation, ...
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Russia announces cash prizes for World University medallists
Russia's federal government will pay out roughly $5,400 to Russian gold medallists at this summer's University Games in the Russian city of Kazan, according to a decree signed Tuesday by Prime Minister Dmitry Medvedev. Silver medallists, meanwhile, will receive a bonus of just over $2,600, while bronze medallists will earn about $1,600, as Russia looks to finish first in the medal table for the ...
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Chicago man crushes Ferris Wheel ride world record
A man from Chicago rode Ferris Wheel for more than two days - 384 times, up and around - to break the existing world record. Clinton Shepherd, a park operations manager of Chicago's Navy Pier, who spent 48 hours, 8 minutes and 25 seconds riding Navy Pier's Ferris wheel over the weekend, said that he thought that Chicago - birthplace of the ride - should have the title, People magazine ...
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Discarded kidneys could be recycled to produce replacement organs
Researchers have found that human kidneys discarded for transplant can potentially serve as a natural "scaffolding material" for manufacturing replacement organs in the lab using regenerative medicine techniques. According to the researchers at Wake Forest Baptist Medical Center and colleagues, more than 2,600 donor kidneys are discarded each year in the U.S. "With about 100,000 people in the ...
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Weaker yen fuels economic optimism in Japan
The Japanese government Monday revised upward its evaluation of the economy given the weakness of the yen, which is helping to push exports and encouraging companies to increase production. In its economic report for May, the cabinet raised its evaluation of three of the 14 categories it analyzes: exports, industrial production and profits. In addition, it said that the economy "is moving ...
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Bank mergers could lead to too-big-to-fail entities Chidambaram
Union Finance Minister P. Chidambaram has favoured mergers in the banking industry so that India can have two-three global sized banks. Addressing the Annual Day function of the Competition Commission of India (CCI) here yesterday, he underscored the need for two or three world-size banks in an economy that is poised to become one among the five largest in the world. "Are our regulators well ...
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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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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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Shangri-La Hotel Haikou an ideal choice for leisure and business travellers
If you’re the type of person who wants to get off the beaten tourist path without sacrificing luxury and comfort in the process, Shangri-La Haikou is for you. The capital of Hainan Island, China's smallest province, Haikou is a new tourist destination that few Western travellers have discovered. As a result, there is little infrastructure for English speaking visitors… but ...
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Study says India Jordan Bangladesh Hong Kong worlds most racially intolerant
INDIA, Jordan, Bangladesh and Hong Kong are among the the most racist countries in the world - but Britain is among the most accepting of different races, a survey has found. The World Values Survey asked people in more than 80 countries what type of people they did NOT want as neighbours. More than 40 per cent of those quizzed in India, Jordan, Bangladesh and Hong Kong said they didn't ...
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World South Africa rising A country of contradictions
South Africa 's economy - buffeted by labour unrest, political uncertainties and the seemingly endless aftershocks of racial apartheid - is not roaring ahead like some of its neighbours. In the context of the much touted and much questioned theme of "Africa ...
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MGIMO hosts Heydar Aliyev and World Politics round table
The Moscow State Institute of International Relations (MGIMO) has hosted a round table entitled "Heydar Aliyev and World Politics". The event was organized by the "Club of Azerbaijanis" under ...
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Microsoft unveils next-generation Xbox console
Microsoft introduced its next-generation console, the Xbox One, a living-room hub designed for more than video gaming.The unveiling came months after rival Sony first showed off its PlayStation 4, the latest update of that platform.However, while Microsoft actually showed off a physical player, Sony has yet to give the public a look at its new PS4 console.Both are set to go on sale this year, ...
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Trying to Get Companies to Stay Put in NJ
But critics warn that it could lead to spending even more money on a program that some see as a boondoggle for companies that will eventually choose to either stay or relocate based on criteria other than tax breaks. The Assembly passed ...
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US-India share similar manufacturing goals
Kolkata, May 21 : U.S. Ambassador to India Nancy Powell on Tuesday said the United States and India share similar goals to encourage domestic manufacturing and ...
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Digitimes Research Global LED tube light shipments to reach 220 million units in 2013
Global LED tube lighting shipments in 2013 will increase to 220 million units to account for 5.5% of the entire lighting market, as LED tube lights' luminous efficiency reaches 110lm/W, which is comparable to that of fluorescent ones, Digitimes Research ...
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Solar industry capex hits 7-year low in 2013 says IHS
Although global capital spending this year in the solar supply chain is expected to fall to its lowest level since 2006, indications signal that the downturn in investment has hit bottom and that purchases of equipment may soon ...
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ACX sees earnings up over 60 sequentially in 1Q13
Advanced Ceramic X (ACX), a Taiwan-based manufacturer of multilayer ceramic devices and LTCC (low-temperature co-fired ceramic) modules for wireless communications, has reported net profits of NT$97 million (US$3.24 million) for the first quarter of 2013, up 53.5% from a year ...
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Taiwan panel industry output value worth US$7.86 billion in 1Q13 says IEK
The output value of Taiwan's panel industry reached NT$234.47 billion (US$7.86 billion) in the first quarter of 2013, down 7.5% on quarter, according to the Industrial Economics & Knowledge Center ...
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Why Microsoft Thinks Xbox One Is A Game-Changer
Alan Bowman, Regional VP for Interactive Entertainment Business at Microsoft Asia Pacific, explains why the company thinks its new game console product can take a bigger space in consumers' living ...
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Companies share energy efficiency secrets
One of the energy efficient features installed during 2012 at the Marriott La Jolla in La Jolla, Calif., was a programmable thermostat for each room. When a guest leaves the room, a magnetic door sensor tells the thermostat to reduce heating or cooling and when the guest comes back, it returns temperatures to the selected ...
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Bank of Japan sees economy improving
(1 hr 4 mins ago) Japan's central bank says the world's third-biggest economy is "picking up'' as demand recovers in other countries and remains resilient at home. The Bank of Japan ended a policy meeting on Wednesday with no change to its strategy of doubling the monetary base for the sake of reaching a 2 percent inflation target and jolting the economy out of two ...
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Ford adds production in North America to meet new car demand
F.N ) is adding a week of production at 20 North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market ...
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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