Latest International Business News
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Japanese economy has begun to recover central bank
Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...
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Largest genetic sequencing study of human disease completed
A global team of scientists has completed the largest sequencing study of human disease to date, investigating the genetic basis of six autoimmune diseases. The exact cause of these diseases - autoimmune thyroid disease, coeliac disease, Crohn's disease, psoriasis, multiple sclerosis and type 1 diabetes- is unknown, but is believed to be a complex combination of genetic and environmental ...
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UN urges collective efforts to achieve water secure world on Day for Biological Diversity
22 May 2013 150 Unless greater efforts are made to reverse current trends, the world will run out of freshwater, the United Nations said today marking the International Day for Biological Diversity and urging stronger scientific alliances to understand and protect natural resources. "We live in an increasingly water insecure world where demand often outstrips supply and where water quality ...
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Africa Tempts High-Tech Companies
Multinational high-tech companies looking for new frontiers and fresh ideas are lining up for a slice of Africa’s relatively untapped consumer market. Many experts are saying the continent is poised to be the next hotbed of technological innovation. Others are even more ...
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Govt supports car industry says Bradbury
The federal government is committed to continuing its support for the car industry despite Ford's decision to cease operations in Australia, Assistant Treasurer David Bradbury says.Ford Australia will cease its manufacturing operations at its Broadmeadow and Geelong plants in October 2016, after making after-tax losses of $141 million in the past financial year, and a $600 million loss over ...
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As Ford quits Australia a challenge for Canada
Ford Motor Co.'s decision to pull the plug on its Australian auto-making operations highlights the struggles of that country's manufacturing sector in the face of a currency bloated to the point of uncompetitiveness by its excessive exposure to commodity ...
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Comment Literacy key to Ford workers future
The announcement that Ford will close its manufacturing operations in Australia by 2016 at the cost of 1,200 jobs raises questions of what the workers' future employment options ...
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Ford jobs couldnt be saved Vic Premier
The Victorian government was told there was nothing they could do to change the mind of Ford executives and save 1200 manufacturing jobs, Premier Denis Napthine says.Dr Napthine met with Ford representatives on Wednesday and was told government intervention would not change the mind of Ford."They said it's simply a matter of the cost of production here versus the declining market for ...
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TSX Ends Lower On Global Cues China Data - Canadian Commentary
markets after some weak manufacturing data out of China, and the U.S. Federal Reserve's stand on its monetary policy. Global markets roiled after Japan's Nikkei plunged to its lowest since the devastating earthquake and tsunami hit the island nation about two years ago.Japan's Nikkei index plummeted 7.3 percent, attributed largely to a spike in 10-year government bond yields which ...
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S Korean economy to post 3.6 expansion in 2014
(MENAFN) The Korea Development Institute (KDI) stated that the country's economy is projected to grow 3.6 percent next year, driven by a recovery in exports and domestic demand, reported Xinhua News.The state-run thank tank added that exports, which make up almost half of Asia's fourth-largest economy, are expected to rise 8.4 percent in 2014.Meanwhile, private consumption is expected ...
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HP Q2 earnings down 32 to USD1.1b
(MENAFN) Hewlett-Packard Co. (HP) CEO, Meg Whitman, announced that the PC maker's earnings during the second quarter dropped by 32 percent to USD1.1 billion from USD1.6 billion a year earlier, reported AP.However, the earnings results exceeded forecasts of the management and the analysts, due to Whitman's plan to reduce costs, overhaul the product line, and to focus on more profitable ...
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Ford to close Australian production plants in 2016
(MENAFN) Due to the increase in costs and the decrease in sales, Ford Motor Co. said that it will shut 2 Australian auto plants in 2016, reported AP.The end of the automaker's production in the country will cost about 1,200 jobs and Ford products will be only imported in Australia.The high Australian dollar affected the company as it made the car production cost more.It's worth noting ...
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Rimfire Pacific Mining completes diamond and reverse circulation drilling at NSW gold project
(MENAFN - ProactiveInvestors - Australia) Rimfire Pacific Mining (ASX: RIM) has completed diamond and reverse circulation drilling at its Sorpresa gold project in New South Wales with mineralisation encountered in most holes.All five of the diamond holes intersected mineralisation with some geological consistency noted, indicating the mineralised system is likely continuous and large scale.Core ...
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Russian Premier Urges Industry to Supply Superior Weapons
(MENAFN - Qatar News Agency) Russia's Prime Minister Dmitry Medvedev called on the country's defence industry on Wednesday to provide the military with state-of-the-art weapons superior to their Western analogs. "It is essential to offer weapons which are superior to our world counterparts, and pay special attention to strengthening cooperation, primarily with our partners in the ...
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Singapores economy grows 0.2 in Q1
(MENAFN) Singapore's Ministry of Trade and Industry (MTI) announced that the city-state's economy expanded in the first quarter by 0.2 percent from a year before, reported Xinhua News.The figure is revised from the 0.6-percent decline estimated previously in April.Furthermore, it's compared with a growth of 1.5 percent recorded in last year's fourth quarter.On quarterly ...
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Amazon Takes Kindle App Shop Global
Amazon is making its Kindle tablets and Apps available worldwide, the world's largest online retailer said Thursday. The App shop is already available in nearly 200 countries. And after offering the Kindle tablet in selected foreign countries on a trial basis, Amazon said both sizes of Kindle Fire HD will be available in 170 countries starting June 13. Amazon has not revealed its ...
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The War for the Arab World - Marc Lynch
Obama to redouble efforts to shutter Gitmo, reduce drone strikes; Rosa Brooks wants POTUS in her classroom; Horror in the U.K.; Is Jon Stewart goading the WH on the VA?; Hagel: build a better software program; and a little bit more. - by Gordon ...
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BusinessAviationVoice As The Dow Increases So Does Business Travel
The economy took its toll on business travel, but the worst appears over. By all accounts, business aviation providers are experiencing a strong uptick in business coinciding with buoyancy in the Dow Industrials. Fractional ownership provider, Flexjet, reported an 83 percent increase in new business growth for the first quarter 2013 over the same period last year. Sales of fractional shares ...
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Corporate Loopholes Forcing Middle Class To Pay Larger Share Of Taxes
manufactured scandals , Middle Class America, Working America, and Poor America continue to get their clocks cleaned. There is real news out there, good and bad. ...
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Wellington to roll out red carpet for Worlds End
Simon Pegg and Nick Frost will be returning to Wellington. It's just been announced the duo, along with director Edgar Wright and actor Martin Freeman will be heading to the capital to celebrate the premiere of their new movie, The World's End in July. The World's End marks the much awaitedthird instalment of Edgar Wright's trilogy of comedies, following the successes ...
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Toronto mayor Rob Ford fires chief of staff
Toronto Mayor Rob Ford leaves the parking garage in his SUV avoiding the media after a city council meeting at Toronto City Hall on Tuesday, May 21, ...
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Airline with in-flight bar and Swarovki crystals named best in world
Virgin Atlantic, with its in-flight bar, designer-clad flight attendants and leather seats, has emerged as the favorite long-haul airline among readers of a luxury travel magazine published by The Daily Telegraph. Announced this week out of London, the carrier helmed by splashy billionaire ...
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Meet the 23-ton X-Wing the worlds largest Lego model
There's big, then there's really big, and then there's colossal, which might be a good word to use when describing a near 46,000-pound Lego X-Wing that made a triumphant debut today in New York's Times Square. The full-size replica, about 42 times the size of the Lego "Star Wars" X-Wing (#9493) set available on store shelves, celebrates the debut of Cartoon ...
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Marvell earnings slide but beat Street targets
SAN FRANCISCO (MarketWatch) -- Marvell Technology Group said Thursday afternoon that earnings dell sharply in the first fiscal quarter, but the adjusted results surpassed Wall Street's expectations. For the period ended May 4, ...
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Stocks end lower after bumpy trading day investors reassess Fed worries China economy
NEW YORK, N.Y. - Stocks are ending the day slightly lower after recouping a big loss early on. U.S. markets fell immediately after the opening bell following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease back on its economic stimulus program sooner than expected had also riled investors. The market ...
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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