Latest International Business News
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Dalian Wand Group to enhance UK presence with luxury hotel and yacht unit
LONDON - China's largest premier commercial property and entertainment conglomerate, Dalian Wanda Group Wednesday entered into 320million pounds definite acquisition deal with leading British yacht company, Sunseeker International Ltd, under which Wanda will acquire a majority shareholding of 91.81% in pre-eminent luxury motor yacht manufacturer. Under the agreement, the remaining 8.19% ...
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EU antitrust regulator fines Lundbeck and several generic drug firms
BRUSSELS - European Union in its first case over pay-for-delay deals that held back sales of cheaper generic drugs Wednesday fined Danish pharmaceutical company Lundbeck 93.8 million euros and imposed fines totaling 52.2 million euros on several other producers of generic medicines. The European Commission, the EU's antitrust regulator, said the companies had reached agreements that may ...
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Chrysler to recall 2.7 mn Jeeps but says vehicles not defective
NEW YORK - Chrysler avoided a showdown with the US government by agreeing to recall 2.7 million Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. Chrysler said it recognised the matter had raised concerns for customers The US company said it had resolved its differences with the National Highway Traffic Safety Administration (NHTSA). The recall affects ...
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Four US mortgage servicers faulted for lapses by settlement monitor
WASHINGTON - Four of the largest U.S. mortgage servicers, including Citigroup Inc (C). and Bank of America Corp., have failed to adequately upgrade their treatment of customers in danger of foreclosure, according to a court-appointed monitor. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo have failed to adhere to some of the new standards set out in a landmark settlement meant to ...
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Spain making progress but requires urgent action to generate growth says IMF
MADRID - Spain risks high joblessness and sluggish growth for years unless its government together with Europe takes "urgent action' to generate growth and jobs, the International Monetary Fund stated Wednesday. "While there are signs the economic contraction may end soon, the outlook remains difficult," IMF said in its annual assessment of the Spanish economy. "But unemployment remains ...
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Flydubai launches business class service
Dubai-based Flydubai airline Wednesday announced launch of business class services, based on its passengers' feedback from across its network of 60 destinations. "The introduction of Business Class will provide greater choice for our passengers, who will have access to faster check-in services, comfortable and spacious seating and can enjoy a variety of internationally -inspired menus during ...
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Russell Crowe to direct his first feature film
Actor Russell Crowe is set to director his first feature film. The project is set in the aftermath of World War I. The 49-year-old's directorial project is titled "The Water Diviner". It is set in 1919, reports contactmusic.com. The movie tells the story of an Australian man who travels to Turkey looking for his two sons who went missing during the Battle of Gallipoli. Crowe, who recently ...
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Independent Publishing Houses in Mexico Promote Democratization of Books at Annual Fair
MEXICO CITY, MEXICO Gustavo Barr?n, 22, glances at the books on display at the Feria del Libro Independiente, a book fair featuring independent publishing houses in Mexico City, Mexicos capital. While perusing the selection, Barr?n, a university student studying history, holds a book about guerrilla groups in Mexico in the 1970s and the transition to democracy. The publisher is Ce-Acatl, a ...
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UAEs efforts to preserve environment exemplary says daily
Environment related authorities in the United Arab Emirates (UAE) have not been resting on their laurels since receiving an acknowledgment from the World Wildlife Fund in 2010, a UAE daily has reported. The UAE authorities in charge of tacking environmental issues were recognised as number one in the world in terms of having the biggest ecological footprint. "Proactivity has been their ...
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UN iLanceti journal to hold meeting on AIDS response and global health
19 June 2013 150 Heads of State, policymakers, scientists, advocates and private sector leaders will come together for the first time this month to explore how the AIDS response can be used to shape the future of global health in a United Nations-led meeting in Lilongwe, Malawi. Organized in conjunction with the Lancet medical journal, the UNAIDS and Lancet Commission: from AIDS to ...
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British Court Ruling Threatens Iran Sanctions
LONDON Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear program. The Bank Mellat case and 50 more like it pending at the European Union's General Court have cast a cloud over the future of EU ...
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American Medical Association Obesity is a Disease
The largest U.S. doctors' group said obesity is a disease. The decision, announced this week by the American Medical Association at its annual meeting, could lead to increased funding for obesity research and help people obtain insurance coverage for treatment for obesity. The AMA said obesity requires a range of medical interventions for treatment and prevention. Most insurance companies ...
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Ukhand CM Bahuguna thanks PM Sonia says immediate priority is rescue and evacuation
Uttarakhand Chief Minister Vijay Bahuguna on Wednesday thanked Prime Minister Dr. Manmohan Singh for announcing 1,000 crore rupees relief and rehabilitation package for the flood-affected state, and said that the priority at the moment is to rescue those who are stranded and evacuate those who have to go out. "Today we met the Prime Minister and we expressed our gratitude to both the Congress ...
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Facebook looking to partner with Samsung to boost mobile advertising sales
With the growing mobility of internet, Facebook CEO Mark Zuckerberg discussed potential partnership with Samsung company's president Shin Jong Kyun during Mark Zuckerberg's Asia tour. According to Bloomberg report, the partnership would reportedly focus on advancing mobile-advertising sales. Facebook has been strongly encouraging advertising on mobile. In April, Facebook Home had been ...
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Yahoo eyeing Qwiki for estimated 50 million dollars
Internet corporation Yahoo is reportedly eyeing Qwiki, maker of a popular iOS app for an estimated deal worth 50 million dollars. According to Mashable, Qwiki has developed an iOS app that turns photos, sound and video clips into short movies. Yahoo's CEO Marissa Mayer is believed to be on an 'acquisition spree' of startups, shutting their respective apps and diverting their engineering ...
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Community radio reporters acting as climate change communication agents in Central India
Climate change is real. For an emerging economy like India with a large population directly dependent on natural resources for their sustenance, the changing climate is causing severe economic, environmental and social challenges. Bundelkhand, a semi - arid region comprising of 13 districts in the states of Madhya Pradesh and Uttar Pradesh is one of the most climate sensitive areas in ...
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Cisco set to open new centre in Israel
The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid. The new centre is expected to offer 100 jobs, to be added to about 2,000 employees already work at Cisco center in Israel, reported Xinhua. Chambers Tuesday said the new project, whose main focus is ...
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50pc fashion industry workers unhappy with jobs
More than half of the workers of the fashion industry are dissatisfied with their jobs, a new survey has revealed. More than 1,300 workers in different disciplines with various degrees of seniority and expertise, were surveyed in a poll conducted by recruitment firm 24 Seven, only 48 percent of the employees have said that they are satisfied with their current position which is 51 percent last ...
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Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data
Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May ...
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Rousseff proposes new regulatory framework for Brazil mining
President Dilma Rousseff has proposed a new regulatory framework for mining in Brazil, one of the world's biggest producers of iron, bauxite, gold, nickel, manganese and other minerals. Rousseff said her plan calls for a new government agency that would regulate mining activity and create a new concessions regime. The new concessions "will run for 40 years, extendable for another 20", and the ...
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UN officials voice outrage at deadly attack on world bodys compound in Somali capital
19 June 2013 150 Top United Nations officials have voiced their outrage at today's deadly attack on the world body's compound in the Somali capital, Mogadishu, while reiterating that it will not deter the Organization from helping the country as it proceeds on the path to stability and development. According to the UN Assistance Mission in Somalia (UNSOM), a pickup truck rigged with ...
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War drives number of forcibly displaced worldwide to 18-year high says UN report
19 June 2013 150 A United Nations report released today says that more people are refugees or internally displaced than at any time since 1994, with the crisis in Syria having emerged as a major new factor in global displacement. The annual Global Trends report, released by the UN High Commissioner for Refugees (UNHCR), shows that as of the end of 2012, more than 45.2 million people were in ...
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Veronica Campbell-Brown denies knowingly taking drug
Olympic and World Champion Veronica Campbell-Brown has denied knowingly taking a banned substance Lasix, which also goes by the name Furosemide. Brown's first public reaction came in the form of a statement released by her On Track Management (OTM) group following reports that she has tested positive for the banned drug. The OTM statement says Brown is determined to clear her name and included ...
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Brazil protests will calm down Blatter hopes
FIFA president Sepp Blatter denied that the Confederations Cup and World Cup are the causes for mass protests across Brazil. Demonstrations, which began last week in response to rise in public transport fares, have turned into a nation-wide rally against bad governance and corruption, reports Xinhua. Many marchers expressed their anger at the billions of dollars spent on new football stadiums ...
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Protestors hack Brazil World Cup 2014 website
Protestors have reportedly hacked the official website for the Brazil Football World Cup 2014 and replaced the site with a video of a violent police response to a peaceful protest. According to News.com.au, the FIFA website was replaced with an embedded YouTube video, showing protesters marching, before riot police release tear gas and fire on the protesters with rubber bullets. The report ...
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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