Latest International Business News
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US Sees Climate of Intolerance on Global Religious Freedom
The United States said the right to global religious freedom was challenged last year, with governments often creating a "climate of intolerance" leading to hatred and violence. In an annual report, the State Department said Monday government officials worldwide are often allowed to act with impunity while violating the religious rights of their countrymen. It said there often is uneven ...
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Teen Dies of Cancer After Touching Millions With Song
Zach Sobiech, an 18-year-old whose battle with cancer became a global story, has died. The Minnesota native became famous when his song "Clouds,rdquo; which is about facing death, became a viral sensation on YouTube, topping 3 million views. The song was originally released in December of last year. The video was so popular that a group of celebrities were inspired to create a ...
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Booming Oil and Gas Industry Fuels Emergence of Frackwear
With the advent of the nation's "Shale Gale," workers have poured into the oil and gas industry by the thousands, and with them incredible demand for a unique breed of clothing and equipment that can withstand the harshest, hottest, most dangerous ...
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Disaster Risk Reduction and Sustainable Development Should Be Closely Linked Say Global Platform Speakers in Geneva
GENEVA, 21 May (United Nations Office for Disaster Risk Reduction) ‑ The global consequences of disasters, and the need for strengthening resilience through partnerships and investment, were stressed at the opening ceremony of the fourth session of the Global Platform for Disaster Risk Reduction, held in Geneva this ...
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UN global disasters forum opens with condolences for Oklahoma City tornado victims
21 May 2013 – A United Nations forum dedicated to building resilience to disasters and making communities safer opened today in Geneva with expressions of sympathy for the people of Oklahoma City over the loss of life caused yesterday by a deadly tornado. ';Our thoughts and hearts go to the people of Oklahoma and we hope that help will reach those in need soon,'; Deputy ...
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Government plans policy sweeteners for insurance industry
By Chris VellacottLONDON (Reuters) - Britain plans to boost the insurance industry with policy sweeteners such as tax breaks, hoping to nurture it as a source of investment and an engine of economic growth.Treasury minister Greg Clark said the government would extend to the insurance industry a series of measures announced earlier this year to boost asset managers."The government recognises ...
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Etisalat shows corporate conscience with projects
Etisalat has highlighted corporate social responsibility (CSR) as a key pillar in its operations. The group launched its first CSR & Sustainability Report at the CSR Summit in Dubai yesterday. "CSR is embedded within our vision and our strategy," said Ahmed bin Ali, a senior vice-president of corporate communications at Etisalat Group. "We want to be the most admired telco ...
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Qatar banks size up UAE and global investments
Qatar National Bank and Commercial Bank International, its UAE affiliate, on Tuesday lent US$350 million to Air Arabia, the Sharjah low-cost carrier. Emre Rende for The ...
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How America Became a Third World Country
latest updates from TomDispatch.com . The streets are so much darker now, since money for streetlights is rarely available to municipal governments. The national parks began closing down years ago. Some are already being subdivided and sold to the highest bidder. Reports on bridges crumbling or even collapsing are commonplace. The air in city after city hangs brown and heavy (and rates of ...
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Intel CEO shakes up units creates ‘new devices’ group source
The exterior of Intel Corp. headquarters is shown in 2010. The new chief executive, Brian Krzanich, has reorganized key business groups and created a "new devices" unit, according to a source who has seen an internal e-mail. (Paul ...
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Stock indexes flip between gains and losses in midday trading Home Depot gains after earnings
NEW YORK - Stock indexes fluctuated in midday trading Tuesday as investors tried to predict the Fed's next move. The Dow Jones industrial average rose 32 points to 15,366 shortly before 12 Eastern time. The Standard & Poor's 500 index edged up one point to 1,668. The Nasdaq composite rose three points to 3,499. "There's no compelling reason for the market to go one ...
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Microsoft reveals Xbox One
FILE - In this June 5, 2012 file photo, show attendees walk past Microsoft XBox booth at E3 2012 in Los Angeles. With the next Xbox expected to finally be revealed Tuesday, May 21, 2013, at Microsoft's headquarters in Redmond, Wash., anticipation for what the company is planning for the next iteration of its gaming console is higher than Master Chief's last spaceship. (AP Photo/Damian ...
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New Egypt tax law cuts for poor business hikes
CAIRO -; Egypt's president has signed a new tax law that cuts the amount paid by poorer Egyptians while increasing taxes on small and medium-sized ...
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CAAC to ‘loosen grip’ on controlled airline industry
The Civil Aviation Administration of China (CAAC), the country's aviation watchdog, is considering more moves to free up the airline industry that has for years been refrained from expansion due to safety concerns, a Chinese newspaper reported Tuesday, quoting a source familiar with the matter. New rules designed to remove restraints on the establishment of subsidiaries or branch firms of ...
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Diversified business leads to close to 3000 percent growth
A total of 905 companies had released their half-year profit forecasts as of Tuesday, with 495 companies reporting a profit growth or loss reduction, according to data provider Great Wisdom. Shenzhen-based automaker BYD ranked first in the list with up to 2,973 percent growth expected in its half-year profit.The company said that increased auto sales, rising profits from its cellphone parts and ...
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World Bank Group chief urges delivery of health coverage to end
World Bank Group President Jim Yong Kim on Tuesday called on countries gathered at the 66th World Health Assembly (WHA) to ensure universal access to quality, affordable health services to help end extreme poverty by 2030.It is estimated that out-of-pocket health spending forces 100 million people worldwide into extreme poverty every year and inflicts severe financial hardship on another 150 ...
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Vladimir Shmakov appointed as head of United Shipbuilding Corporation
SOCHI, May 21 (Itar-Tass) - Vladimir Shmakov was appointed as head of the United Shipbuilding Corporation (OSK), Russian President Vladimir Putin said at a meeting devoted to the prospects of the OSK development on ...
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US Tunisia Launch Small Business Initiative
have launched an initiative to support the development of small and medium-sized enterprises, boost trade and promote economic growth.Developed under the U.S.-Tunisia Trade and Investment Framework Agreement, which is led by the Office of the U.S. Trade Representative, the initiative, funded and led by the U.S. Agency for International Development, will provide training on the U.S. small ...
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German economy to improve ‘markedly’
Frankfurt - Germany's central bank expects the country's economy to improve ';markedly'; in the second quarter - a development that could boost the wider eurozone as it struggles to get out of ...
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Shell Hunt for new chief is underway
The Hague - The hunt for Royal Dutch Shell's next chief executive is underway, its chairman said on Tuesday, after CEO Peter Voser made what could be his last appearance at the oil group's annual shareholder ...
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SA mining firms shrug off labour tension
Johannesburg - Shares of Johannesburg-listed mining companies shrug off South African labour tensions as investors focus on the weaker rand - which benefits exporters - and take comfort in reports the US Fed may slow down its bond-buying programme, an indication that economy may finally be getting back on its ...
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Gardeners world of botanical escapes
Sunvil (020-8568 4499; sunvil.co.uk) has a new one-week group tour of Sao Miguel, "the green island" in the Azores, led by renowned plantsman David Sayers. The group will visit private gardens as well as botanical and historic palace gardens and Europe's first tea plantation. The trip departs on 8 June and costs 1,691pp including flights and half board.More than 12,000 species of ...
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That figures Professor who had to work at Subway dazzles world of maths after solving centuries-old prime number riddle
A university professor who was forced to work at Subway when he couldn't find a job as an academic has solved a prime number riddle that has puzzled the best mathematical brains for ...
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The worst tornado in the history of the world
the worst tornado in the history of the world '; by an Oklahoma meteorologist – tore through suburban Oklahoma City on Monday afternoon. Various reports put its size at anywhere from half a mile, to almost two miles, wide. It was packing 200-mile-per-hour winds, putting it at EF-4 on the five-step tornado intensity scale, and it moved across the community of Moore for an ...
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Microsoft Announces Unveils New Console The Xbox One
pulled back the curtain on its new console: the Xbox One. It looks like a slightly shinier, slightly smoother version of the Xbox 360, complete with Kinect and an aesthetically similar controller. The Xbox will use voice controls as well as gesture-based browsing controls from an updated version of the Kinect. In addition to games, Microsoft has been very clear about its intention to treat 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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