Latest International Business News
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Tre Kronor are world hockey kings - Swedes beat Swiss for gold
Henrik Sedin scored twice on Sunday as Sweden won the gold medal at the IIHF World Hockey Championship with a 5-1 victory over Switzerland. Earlier, the United States beat Finland 3-2 in a shootout to win bronze. Erik Gustafsson, Simon Hjalmarsson and Loui Eriksson also scored for Sweden, which became the first country to win the title at home since the Soviet Union in 1986. Roman Josi opened ...
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Exclusive Bangladesh factory banned by Wal-Mart still makes Wrangler shirts
GAZIPUR, Bangladesh (Reuters) - A Bangladesh factory where Wal-Mart Stores Inc and Inditex SA inspectors spotted cracks in the wall this month is still making Wrangler shirts for the world's largest apparel maker, U.S.-based VF ...
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Expectations run high for Microsofts next-gen Xbox
Microsoft unveiled the Xbox 360, double the amount of time between the original Xbox debut in 2001 and its high-definition successor's launch in 2005. With the next-generation Xbox expected to be revealed Tuesday, anticipation for the entertainment console's latest evolution is running high. ``People get excited about new consoles because consoles represent the future,'' ...
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Brazillian companies break record streak of profits
SAO PAULO - Brazilian companies are posting their longest stretch of earnings disappointments, adding to signs the recovery in Latin America's largest economy is faltering. Thirty-seven of the 65 companies, or 57 percent, on the Ibovespa index posted results that trailed analysts' estimates in the first quarter, according to data compiled by Bloomberg. It was the sixth straight ...
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county_western World Bank awards Sh5m grant for coffee factory
The World Bank has awarded a Sh5 million grant for the construction of a new coffee factory in Mt Elgon. The grant for the construction of Kitaban Coffee Factory in Kapsokwony Division has been channelled through Western Kenya Community Driven Development and Flood Mitigation Program (WKCDD-FMPG) under the Ministry of Special Programmes. Addressing coffee farmers on Friday during an Annual ...
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Obama partisan battles in Washington holding back US economy
President Barack Obama told students at Morehouse College: 'My whole life, I've tried to be what my father wasn't for my mother and me.' Photograph: Erik S ...
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Shells Kulluk Hearing To Begin Monday With Coast Guard Testimony
ANCHORAGE, Alaska (AP) -- The Coast Guard will kick off hearings Monday on how a Royal Dutch Shell PLC drill barge used for Arctic Ocean exploratory drilling ended up aground off a remote Alaska island. The Kulluk was under tow and bound from the Aleutian Islands' Dutch Harbor to a Seattle shipyard when it ran into rough Gulf of Alaska water. It broke from its towing vessel, and after four ...
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Global economy Sluggish growth to extend into May
Shibulal cited the recent Infosys 3.0 strategy as a transformation exercise that could set the company on a high-quality growth path in the long ...
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How to get rid of stigma about reporting military sexual assaults
Rep. Gwen Moore, D-Texas, joins MSNBC's Alex Witt to discuss sexual assaults in the military. She comments on military culture and the structural changes necessary for victims to report ...
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Business must shoulder some blame Barnett
Colin Barnett says companies that hired too many workers too quickly should shoulder some blame for the high cost of doing business in WA, which has contributed to the mining slowdown.The Premier said there was some truth in industry complaints about high wages and low productivity but "that should not be interpreted as the major reason for cost rises"."I think some of the ...
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Galchenyuk leads U.S. to bronze medal at world hockey championship
Team USA's Alex Galchenyuk scores the winning shootout goal against Finland goalie Antti Raanta during bronze medal final action at the world hockey championship in Stockholm, Sweden, on Sunday, May 19, 2013. THE CANADIAN PRESS/Jacques ...
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Business KCB intensifies staff recruitment to increase shareholder value
The bank is recruiting to support internal and external customer service delivery objectives and increase shareholder value. To this end, challenging positions have arisen witin the bank. The positions the banking is seeking to fill are Advertising and Communications Manager, Brand Manager - Communications and Sponsorships, Procurement Manager, Talent Manager and Head of Operational Risk. The ...
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Musical world celebrates Wagners 200th birthday
BAYREUTH, Germany--Opera houses the world over are scrambling to pay tribute to Richard Wagner, the controversial German composer often referred to as Hitler's favorite, who would have turned 200 this ...
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What can be done about Rob Ford and the crack video
Toronto Mayor Rob Ford briefly speaks to the media responding to allegations that he smoked crack cocaine, at his home in Toronto on May 17, 2013. (Michelle Siu/The Globe and ...
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Susan Amat Using your roots to grow your business
Miami is special for many reasons – among them is that we have the highest percentage of foreign-born individuals in any city in the world. That contributes to the amount of startup activity we enjoy but also is a reason why many of our businesses don’t scale to the levels other regions see over the same time period. The different perspectives and churn of the population itself keeps ...
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Meretz chair Lapid not worthy of being finance minister
Meretz leader MK Zahava Gal-On told "Globes TV" that Yair Lapid is not keeping the promises that he made to the public but is implementing the policies of the finance ministry ...
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Hema Zeeman dont sign Bangladesh textile industry safety deal
Dutch high street brands Hema, Zeeman, Prenatal and Coolcat have not signed an agreement to improve safety and working conditions for textile workers in Bangladesh, according to the final list of signatories published online. C&A, V&D, G-Star and WE have signed up to ...
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US robots Israeli drones to help make 2014 World Cup in Brazil one of safest sporting events ever
World Cup 2014 Brazil has added 30 US military robots to the Israeli drones and 'Robocop-style' glasses with face recognition cameras to its arsenal after the country allocated $900 million to make 2014 World Cup "one of the most protected sports events in history." The 30 PackBot 510 units, which usually cost between $100,000 and $200,000 apiece, will arrive in Brazil as ...
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Ford should directly address allegations of drug use in video scandal expert
TORONTO - A public relations expert suggests Rob Ford's decision not to host his weekly radio show on Sunday may indicate the Toronto mayor has yet to fully figure out how to respond to allegations he was recorded on video appearing to smoke crack cocaine. Queen's University Professor Monica LaBarge said Ford should come out and directly say whether the alleged drug use the video ...
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Former French finance minister Cahuzac withdraws candidacy
Disgraced ex-finance minister Jrme Cahuzac has bowed out from by-elections in France. Contesting his own constituency after a scandal involving secret Swiss bank accounts forced him to resign, his decision was welcome by socialists as it would spare his party further ...
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Study Global warming took decade-long pause outlook still dire
PARIS - A global warming "pause" over the past decade may invalidate the harshest climate change predictions for the next 50 to 100 years, a study said Sunday - though levels remain in the danger zone. Writing in the journal Nature Geoscience, an international team of climate scientists said a slower rate of warming increase observed from 2000 to 2009 suggested a "lower range of ...
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South Korea The little dynamo that sneaked up on the world
South Korea, long in the shadow of other Asian 'tiger economies,' is suddenly hip and enormously prosperous - so much so that it may have outgrown its thankless dream of reuniting with the ...
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Scientists unravel secret world of mammoths from clues in ivory tusks
The first time I met palaeontologist Dan Fisher was in a hotel in the Arctic frontier town of Salekhard, in Siberia. I was there to film an expedition to recover a new mammoth specimen with a BBC crew. We were keen to head north into the tundra of the Yamal Peninsula, where we'd heard new mammoth carcasses had been discovered. After sharing a large Mi-8 helicopter with a load of ...
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Shell applies squeeze in gas hunt
Shell says its campaign to squeeze untapped gas from the Maui field is meeting expectations as it casts it net to far flung parts of New Zealand's exclusive economic zone. Shell New Zealand chairman Rob Jager said the company was two months into a $75 million to $100 million campaign off the Taranaki coast which could last into early next year. The first well had hit its target depth and results ...
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Li wins world title completes grand slam
PARIS, France (AFP) - China's Li Xiaoxia claimed her maiden world championship title in Paris on Sunday to complete a career grand slam after defeating compatriot Liu Shiwen in an enthralling final.Runner-up to Ding Ning in 2011 and four years earlier to Guo Yue, Li went one step further in the French capital with an 11-8, 4-11, 11-7, 12-10, 6-11, 13-11 victory at the Bercy Arena.Liu ...
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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