Latest International Business News
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Google Glass breaks into business
Computerworld - While Google Glass is currently being viewed as a consumer technology, IT shops and mobile workers are likely already champing at the bit to be able to use a hands-free technology to do their jobs. "The same way that tablets followed smartphones into the enterprise on the backs of employees bearing the cost, Google Glass will also flow the same way," said Chris ...
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U.S. ITC wont ban Microsofts Xbox as Google requests
IDG News Service - The U.S. International Trade Commission has turned down a request for a ban on Microsoft's Xbox after finding that the gaming device did not infringe a patent owned by Google's Motorola Mobility unit. The ITC's ruling Thursday has essentially confirmed an initial ruling by administrative law judge David P. Shaw in March that the Xbox did not infringe a Motorola ...
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Poll How do you rate the economy
- Two-thirds of Americans say that the nation's economy is in poor shape, but a new national poll indicates there are a few glimmers of optimism. According to a CNN/ORC International survey released Friday morning, a third of the public says economic conditions are good right now. That's up seven percentage points from the 26% who felt that way in a CNN poll from December. And the 67% ...
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Cosatu Current repo rate wont help employment
A flailing rand dogged by labour unrest and the threat of high wage talks has prompted the South African Reserve Bank to keep the repo rate unchanged at 5%, which the Reserve ...
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Google says it welcomes tax reform
Google also welcome the crackdown on other multinational internet businesses that take billions of pounds of sales from the United Kingdom through overseas companies, which Her Majesty's Revenue & Customs (HMRC) cannot tax. "Given the intensity of the debate, not just in the UK but also in the United States and elsewhere, international tax law could almost certainly benefit from ...
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Corruption by any other name
Until a day or two ago, I thought of name-dropping as a harmless, albeit unedifying, practice, perpetrated by inadequate individuals. Harmless, because people who have to aggrandise themselves by dropping the names of the kings and rock stars that they hang out with generally do not possess the individual power to do much harm. Unedifying, not only because there is much that is pathetic about ...
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Soccer fans kick in $2 million to St. Louis economy
Manchester City may have beat rival Chelsea 4-3 last night at Busch Stadium, but it appears the city of St. Louis will come out as the big winner. Brian Hall with the St. Louis Convention and Visitors Commission told KTVI the soccer game last night was the equivalent of a first round playoff game that draws some 46,000 fans downtown. He said those fans spend between $1.5 million to $2 ...
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CE bond markets join global sell-off
Global sell-off in core bond and equity markets hit also Central Europe. Regional bond markets, previously benefiting from heavy foreign portfolio inflows, suffered the largest losses. As outflows replaced inflows, prices of regional sovereign bonds began to drop while their yields jumped higher. The biggest rise in sovereign bond yields happened in Poland where the stock of domestically issued ...
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Taoiseach criticises commentary on Irelands corporate tax rate
The Taoiseach has criticised much of the commentary around Ireland's corporate tax rate.Speaking at the second EU Asia conference in Dublin, Enda Kenny defended our tax regime again - after a US Senate Committee heard that Ireland had agreed a special tax rate with the computer giant Apple.The Taoiseach said the Irish tax regime is fully transparent - and hit out at reports surrounding the ...
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Ethiopia Economy to Expand By 11.3 Percent
Ethiopia's economy is estimated to expand by 11.3 per cent in the 2012/13 budget year. This is according to a 9 month performance reported to the Budget and Finance Affairs Permanent Committee of the Parliament by Sofian Ahmed, Minister of Finance and Economic Development. He explained to the committee that the performance of the economy this year in agriculture, industry, and service ...
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Oil and pipelines driving Canadas economy
Natural resources form "one of the cornerstones" of the Canadian federal and provincial economies, Natural Resources Minister Joe Oliver said. Canada is the one of the Top 10 oil producers in the world. The Canadian Department of Natural Resources said oil production from North America is expected to increase more than 10 percent to 2016 in part because of Canadian oil production. In ...
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BRIEF-Cadiz sees FY earnings of 2.2 cents per share
JOHANNESBURG | Fri May 24, 2013 6:21am EDT JOHANNESBURG May 24 (Reuters) - Cadiz Holdings Ltd : * FY basic and diluted earnings and headline earnings are expected to be 2.2 cents per ...
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Guideline focuses on boosting economy
/enpproperty--> The National Development and Reform Commission released a guideline covering luxury and property tax, as well as other sectors of the economy. The guideline, issued on Friday, also promotes energy-saving measures and green development. The commission vowed that excessive energy consuming products "will be subject to taxation". Some items previously categorized as ...
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FCC hopes to avoid end of world for cell phones
"I e-mailed my boss to ask what would happen if we don't free up enough spectrum," said Tom Sugrue, T-Mobile's vice president of government affairs, at a panel discussion held at the CTIA wireless industry trade show in Las Vegas this week. "He wrote, 'It will be the end of the world as we know it.' He didn't put a smiley face at the end or anything." ...
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Global follow-on share offerings hit all-time high
LONDON | Fri May 24, 2013 6:12am EDT LONDON May 24 (Reuters) - Global follow-on share sale volumes have hit their highest year-to-date level since records began in 1980, powered by sellers taking advantage of rallying stock markets, Thomson Reuters data showed on Friday. According to the data, follow-on activity, which includes share offerings such as stake sales and rights issues, ...
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3D printers give rise to desktop manufacturing
Digital technologies such as 3D modeling software and 3D printers have grown cheap and accessible enough for ordinary people to make prototypes of objects that could, until recently, only be made by people who owned factories. (Emily ...
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Youre in their pockets High Court row over valuation in General Electric planes deal with Lebedev-controlled Blue Wings airline
One of the world's biggest aircraft valuers was accused in the High Court of being in the pockets of General Electric's vast GECAS commercial aeroplane leasing ...
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UPDATE 1-UKs Co-op Bank stops lending to new corporate clients
Fri May 24, 2013 6:09am EDT * Bank will continue lending to individuals * Existing customers are not affected by move * Co-op is in talks with regulator on capital plans * Moody's ratings downgrade prompted capital concerns By Matt Scuffham LONDON, May 24 (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing ...
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Dont just blame the bankers for the crisis
This has prompted debate on how much responsibility he should take for the financial crisis. Sir Mervyn King said on May 19 that the failings of the financial and regulatory system were the root cause of the turmoil that struck the world economy almost six years ago. King, who will leave the bank this year, told Sky News's Murnaghan programme that there was widespread risk-taking in the ...
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China in platinum for the long haul
'Wesizwe Platinum had a bit a journey to where it is now," says Hamlet Morule, the executive of corporate affairs and investor relations at the platinum mining company. It was listed in 2005 but found itself unable to get the necessary funds for a flagship project, the Bakubung platinum mine in the western limb of the Bushveld Complex, close to Rustenburg. "We had to get funding ...
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Budget travellers boost SA coffers
The tourist accommodation market in South Africa appears to have recovered from both the harsh blow it was dealt by the recession that began in 2008 and the 2010 World Cup hangover, but it is no longer all about five-star suites and lobster dinners, thanks to the growing demand for budget accommodation. According to a recent statement from Statistics South Africa, total income for the ...
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Electricity labour issues hinder economic zones
Government's work to legislate for the development of special economic zones was welcomed by business in Parliament this week, but it called for further incentives to make local zones competitive against African and other international counterparts. Rigid labour laws, the supply of electricity to these zones and lengthy environmental impact assessment processes were among the concerns ...
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Cap on big bonuses mooted
The European Banking Authority is thought to have approved proposals that would require a cap on bonuses for anyone whose pay is more than EUR500 ...
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Rand rout blamed on labour unrest
As the rand plunged to a four-year low this week, reaching R9.61 to the dollar on Tuesday, analysts say that pressure on the currency is unlikely to abate in the short term. Even though it had recovered slightly to R9.56 by Wednesday evening, the currency was faring significantly worse than its Brics partners, and the government bond market reflected its relatively poor health. Statistics on ...
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World stocks erratic a day after big sell-off
BANGKOK (AP) -- Asian shares traded erratically Friday but European markets found their footing, a day after global stocks were routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary ...
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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