Latest International Business News
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Business coalitions warn Florida’s failure to expand Medicaid will hurt them
TALLAHASSEE -- Two business-backed health insurance coalitions sent a warning signal Wednesday to Florida’s employers about the effects of rejecting Medicaid expansion for the uninsured.In a nutshell: brace yourselves, this is bad for business.They argue that if lawmakers continue to turn away an estimated $51 billion in federal money to pay for expanding Medicaid coverage, companies will ...
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How Fed policymakers affect the economy
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.Here is a look at how the FOMC operates.Q: What is the FOMC's primary role? A: Its mission is to keep the economy, inflation and employment on a healthy track. When the economy weakens, Fed policymakers cut interest rates or ...
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Feds moves to aid economy since financial crisis
WASHINGTON -- The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.It's bought more than $2 trillion in U.S. Treasurys and mortgage bonds to try to hold ...
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NY Kodak will keep some operations in Rochester
ROCHESTER, N.Y. -- New York state and Eastman Kodak Co. have reached a deal that will keep some of the troubled company's operations in Rochester and provide $49 million for environmental cleanup at the once bustling Eastman Business Park.Local media outlets report Wednesday that Kodak will keep advanced manufacturing and its research center at the 1,200-acre site and lease property there ...
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SDC annual meeting wont be business as usual
The annual meeting of the Social Development Commission is usually a lunch and business meeting to elect new board officers and other ceremonial niceties. But this year the agency is in tumult from top to bottom, and the meeting is likely to draw more attention and more attendance. The meeting will begin at 12:15 p.m. Thursday at Heartlove Place, 3229 N. King Drive. It's open to the ...
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Biloxi Movie Industry Heating Up
Two separate movies are being filmed on the Mississippi Gulf Coast, one a novel-based murder mystery and the other a fictional hurricane movie that includes Burt Reynolds. 'Artists Die Best in Black' Shooting for the Southern Gothic whodunit film "Artists Die Best in Black" began Monday in downtown Biloxi next to City Hall. "Artists" is the first full-length, ...
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Could Killer Robots Bring World Peace - By John Arquilla
A few weeks ago, the United Nations affirmed Isaac Asimov's First Law of Robotics: "A robot may not injure a human being." Christof Heyns, the U.N. special rapporteur on extra-judicial, summary, or arbitrary executions, said as much in a May 29 speech to the Human Rights Council in Geneva calling for a moratorium on the development of lethal robots. His argument followed two ...
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NZ economy grows at half expected pace
Source: Breakfast The New Zealand economy grew at half the pace analysts were expecting in the first three months of the year, as drought across the North Island sapped milk production and dragged the agriculture sector down. The kiwi dollar fell on the numbers. Gross domestic product grew 0.3% to $37.1 billion in the three months ended March 31, from a pace of 1.5% in the December period, ...
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Microsoft backtracks on Xbox One online games policies
Microsoft is pressing reset on policies related to its Xbox One video game console.The company announced it is dropping two major features of its next-generation console: regular online authenticity checks required to play video games offline and restrictions on what players can do with games after ...
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Microsoft reverses course on Xbox One restrictions
The original plan was to have the Xbox One console check in with its central servers at least once a day (and more frequently if users were accessing their account from a different system). If the console were not able to do so, users would not be able to continue using the Xbox ...
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Gillian Shaw Twitter opening ‘global centre of excellence’ in Vancouver
Twitter is hiring computer science graduates for a "global centre of excellence" the social networking company is opening in Vancouver. ...
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Microsoft Xbox One policy switch makes user forums explode
After the tech giant announces that it's backtracking on its much-derided Internet connection requirement, social media, comment threads, and gaming forums light ...
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T Magazine Now Screening | The Goofy Cultish World of Master Sommeliers
Court of Master Sommeliers . Over nearly half a century, this international body has only "knighted" 197 candidates as Masters -- about 10 percent of test takers. Dustin Wilson, the wine director of the triple-Michelin-starred Manhattan ...
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Kodak will keep some ops in Rochester
NEW York state and Eastman Kodak Co have reached a deal that will keep some of the troubled company's operations in Rochester and provide $US49 million ($A53.07 million) for environmental cleanup at the once bustling Eastman Business ...
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Darden CEO Fights California Bill That Would Fine Medicaid-Dependent Companies
Clarence Otis, chief executive officer of Darden Restaurants Inc., speaks during the annual meeting of the Clinton Global Initiative (CGI) in New York. (Jin Lee/Bloomberg via Getty ...
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Box Office Preview Monsters University Pacing to Beat World War Z
"Man of Steel" could also beat Brad Pitt's zombie extravaganza, but even rivals agree that a predicted opening in the $45 million to $50 million range would mark a good start for "World War ...
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Room service has fans among both business and leisure travelers
The New York Times told the world about a large, freshly made chicken Caesar salad delivered to his room in Central Florida's very own Peabody Orlando hotel - at 2 a.m., no ...
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World Bank grants Haiti $20 million to clean up public records government transparency
PORT-AU-PRINCE, Haiti - The World Bank has given $20 million to Haiti for cleaning up its public resources and making them more transparent. The grant will help Haiti improve public financial management, procurement practices and performance of the national electrical company. It will also create a tracking system to monitor budgets and a single treasury account to manage funds. The grant is ...
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UN deputy chief says natural resources should finance economic development - not fuel wars
The United Nations' Deputy Secretary-General is urging countries to transform resource inequities that have fueled conflicts over oil, diamonds and precious metals and use those resources to finance economic development and provide basic services like health care and clean water. In too many countries, Jan Eliasson says, a wealth of natural resources has benefited a powerful few while ...
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Xbox One Eighty Microsoft fails to sell the future retreats to the past
Some day, far down the road, we'll be sitting with our grandchildren at our feet, rocking in our holochair, watching the virtual sun set in our Googlezon immersi-room, and we'll get all nostalgic. We'll look back on the period of May to June 2013 fondly, remembering all those memes we posted and those angry diatribes we wrote. We'll look down fondly at those tiny children, ...
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Hickenlooper still unsure on school finance says he expected hit in polls on Dunlap decision
WASHINGTON - Gov. John Hickenlooper said Wednesday he was still undecided whether to back a ballot measure this fall that would fuel a new $1.1 billion tax increase necessary to pay for a newly overhauled system for administering the state's education dollars.But, Hickenlooper said it would be "crazy to put more money into the system unless you change the structure of the ...
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Hit and run suspect found at McDonalds parking lot
Don't plan on having a bonfire in one of those new concrete fire pits any time soon. That's because the newly-installed fire pits are gone from the beach in Harrison County. Weeks after they were put in, the fire pits had to be removed and sent back to the contractor. The county found out that they just couldn't take the ...
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CORRECTED-HIGHLIGHTS-Q2 ThomsonReutersINSEAD Asia Business Sentiment Survey - by economy
Wed Jun 19, 2013 7:21pm EDT (Corrects final paragraph to show Singapore's previous reading was 61, not 63) SYDNEY, June 19 (Reuters) - Optimism among Asia's top companies gathered momentum in the second quarter despite lingering concerns about the global economy and rising costs, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey published on Wednesday showed. The Thomson ...
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Microsoft mulled buying Nokia unit
SAN FRANCISCO (AFP) - Microsoft was in talks to boost its position in the mobile phone market by buying the devices business from Nokia but failed to seal a deal, the Wall Street Journal reported Wednesday.The Journal cited unnamed sources as saying the US technology titan and the pioneering Finnish mobile phone company were involved in serious talks that recently faltered.Microsoft has been ...
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Obama to tap executive powers to curb emissions blamed for global warming
WASHINGTON -- President Barack Obama is planning a major push using executive powers to tackle the pollution blamed for global warming in an effort to make good on promises he made at the start of his second term. Obama's energy and climate adviser, Heather Zichal, said Wednesday the plan would boost energy efficiency of appliances and buildings, expand renewable energy and use the ...
North America Feature
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North America's unknown potential disaster
North America is facing a potential ecological disaster that most people are not even aware of, according to scientists who have been studying the little brown bat (or myotis bat), the most common species of bat in the United States and the wider North American continent.
This is because the bat is under attack by a killer fungus that grows on the bats’ wings during hibernation and causes them to lose body fat and wake early from their sleep, which causes them to eventually die. The fungal infection is said by researchers to be capable of killing off the bat within the next 16 years when their current population, which numbers up to several million, may fall to just 0.01% of present levels. Read more
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