Latest International Business News
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British Open squash World no.1 Nicol too hot for Joshana
World No.1 and defending champion Nicol David outclassed India's Joshana Chinappa in the first round of the Allam British Open Squash Championships here Tuesday. The Malaysian squash great took 30 minutes to get past her 26th ranked opponent 11-4, 11-5, 11-4 at the KC Stadium. Joshana had qualified for the main draw. Dipika Pallikal, India's highest ranked player at 15, plays her first round ...
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Indian IT honcho Phaneesh Murthy sacked for undisclosed relationship
Indian tech honcho Phaneesh Murthy was Tuesday sacked as chief executive of US-based software services company iGate Corporation "for not disclosing a relationship with a subordinate", over a decade after he was forced to quit Indian IT bellwether Infosys on similar charges of sexual misconduct. "The decision to terminate the employment of president and chief executive Phaneesh Murthy was made ...
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UAE Singapore discuss global development
The United Arab Emirates (UAE) and Singapore have held talks over international development. The talks were held between UAE's minister for international cooperation and development, Sheikha Lubna bint Khalid al-Qasimi and visiting Singaporean minister for foreign affairs K. Shanmugam and his delegation. Both sides discussed ways to support efforts in international development, stimulating the ...
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Solar plane aims for new world distance record
LOS ANGELES (AFP) - Solar Impulse, the first aircraft that can fly day and night fueled entirely by energy from the sun, embarked Wednesday on the second leg of its historic journey across the American continent.The solar-powered airplane departed at 1147 GMT from an airport in Phoenix, Arizona en route to Dallas, Texas, a trip of about 830 miles (1,300 kilometers), in a bid to set a new world ...
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Canada losing ground in global science race report
Minister of State for Science and Technology Gary Goodyear responds to a question during question period in the House of Commons Monday February 4, 2013 in Ottawa. (Adrian Wyld/THE CANADIAN ...
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Rob Ford and the case against paying sources for information
In a downtown Toronto park last weekend, a couple of young entrepreneurs were selling T-shirts saying, "Rob Ford Smokes Crack," for $15 a pop. They claimed all proceeds would go to Gawker's Indiegogo crowd-sourcing campaign to buy the infamous video. I am suspicious of their altruism - how does one actually follow the money, after they pack up their blanket? - but still fascinated ...
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Business Government releases economic survey
The Economic Survey published by the Kenya National Bureau of Statistics (KNBS) under the Ministry, reports on the country's economic performance over the past year. The report features vital information on the overall performance of Kenya's economy, including data on the performance of various sectors of the economy, growth sources, inflation, employment and productivity. ...
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Stocks Moving Modestly Higher On Upbeat Earnings News - U.S. Commentary
Stocks have moved modestly higher in early trading on Tuesday, benefiting from a positive reaction to some upbeat earnings news. The major averages have all moved to the upside, offsetting the slim losses posted in the previous session.The major averages are currently posting modest gains, near their highs for the young session. The Dow is up 59.36 points or 0.4 percent at 15,394.64, the Nasdaq ...
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DealBook Sony Board Weighs Breakup Proposal
Daniel S. Loeb of Third Point. TOKYO - Sony said on Wednesday that its board was considering a proposal from a United States hedge fund to spin off part of its entertainment business, but it emphasized that those discussions were preliminary and that it had not set a timetable for a response. Sony, under pressure from the hedge fund Third Point, one of its top investors, to unlock more value ...
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DealBook R.B.S. and Lloyds Bank Plan to Bolster Capital
The Lloyds Banking Group and Royal Bank of Scotland plan to retain earnings and sell assets to increase their capital reserves. LONDON - Two of Britain's largest banks outlined plans on Wednesday to increase their capital reserves after local authorities demanded recently that the country's largest financial institutions raise a combined 25 billion ($38 billion). Royal Bank of ...
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New Intel chief shakes up units
San Francisco - Intel Corp's new chief executive, Brian Krzanich, has launched a sweeping company reorganisation and created a unit aimed at growing its market share in mobile ...
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ITU opens bid process for 2014 World Triathlon Series
The World Class Swimming Programme, one of the five aquatic disciplines, within British Swimming is seeking a successful leader to strategically manage the Sports Science and Sports Medicine (SSSM) ...
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Lloyds and RBS get thumbs up from watchdog on capital
Britain's taxpayer-bailed-out banks today reassured the City that they will not need to raise fresh capital despite the Bank of England recently saying that the UK banking sector had a 25 billion capital ...
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IMF calls for new growth measures to help UK economy - live
Yeah, what we're saying is thatwithin the framework of its medium-term objectives, that it would be in our view useful for the economy for someinfrastructure investment and other measures to be brought towards the present to reduce the drag that is presently intended under the present framework in this year and in the coming years. In essence this would be to allow the adjustment ...
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Five Ways Microsoft Can Fix Windows 8
I like Windows 8. Let's just start there. I've used Windows 8 since before the Consumer Preview version. I have Windows 8 installed on a Samsung Series 7 Slate which is docked on my desk, and I invested 30 days exploring ...
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Microsoft Answers Xbox One Questions Used Games Always On and More
debuted their new console , the Xbox One, at long last. We saw the controller, the box itself, a redesigned Kinect and some new features and games over the course of an hour. But afterward, it was what we did not see or hear about that became the story. The presentation left out answer to many of the most common questions surrounding the new console. The press and the PR reps went to war in a ...
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Eight Reasons To Buy Microsofts New Xbox One
Xbox One is powered by an eight-core processor. The processor is based on Jaguar design by AMD. The processor is customized for DirectX 11.1 graphics and contains 32 MB ESRAM memory. The system supports 8 GB of RAM, but RAM does not appear to be GDDR5 as in PlayStation 4 ...
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A Populist Argument For Eliminating The Corporate Tax
Non-farm private sector employment has increased by only 3.7%, making it the second worst recovery and less than half the average cumulative gain of 9.6% of the others. This performance record represents a real tragedy, not solely in economic terms, but also in human terms as well. It has hit hardest those at the bottom of the income ladder - recent high school and college graduates and ...
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The 10 Most Powerful Women In The World VIDEO
What do Melinda Gates, Hillary Clinton, Sheryl Sandberg and Beyonce all have in common? They're featured on Forbes' 2013 ranking of the World's 100 Most Powerful Women -our 10th annual look at the heads of state, CEOs, entrepreneurs, philanthropists, celebrities and billionaires who truly matter ...
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Dance industry needs greater scrutiny former teacher
Chiswick 2046 A former colleague of a Sydney dance teacher charged with possessing child pornography and grooming teenage girls says there needs to be greater scrutiny of the dance industry.Grant Davies faces a total of 10 charges, including possessing child abuse material and multiple counts of aggravated sexual assault of a person under 16.Davies and his sister Rebecca together set up RG ...
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Insanely durable smartphone ... from Caterpillar
Watch out Apple and Samsung? Caterpillar launched a drop-proof, water-proof, dust-proof smartphone Monday that you actually wouldn't be embarrassed to carry around with ...
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U.K. can do more to boost economy IMF
The U.K. should spend more on infrastructure projects this year and cut corporate taxes to shore up its fragile economic recovery, said the International Monetary ...
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Even small business is bigger in Texas
As more entrepreneurs flock to the state, experts are pointing to a combination of growth-friendly conditions that have small businesses growing in, and messing with, ...
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Production at Ford Motor Co. increasing to nearly full capacity
Ford Motor Co. will shorten its scheduled summer shutdown in efforts to boost its 2013 production by 200,000 vehicles, The Wall Street Journal reports. Normal summer shutdowns last about two weeks; Ford aims to cut that in half, adding 40,000 units of capacity. After adding 900 workers to its Kansas City Assembly Plant in Claycomo as well as another shift of workers to a Detroit-area plant, the ...
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Senate OKs legislation to cut business taxes
The Texas Senate passed three bills on Tuesday to cut business taxes. The Senate version of House Bill 500 gives businesses with revenue of less than $1 million a permanent exemption from paying the state's franchise tax, and gives all businesses a 5 percent rate cut over the next two years, the Austin American-Statesman reports. House Bill 800, which gives companies a choice between a ...
Middle East Focus
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Israel and Palestine as one country?
Peace in the Middle East, it’s as illusive now as it was ten years ago and ten years before that. For many commentators, peace in the Middle East has become a myth, something local and international governments strive for or claim to support without any real hope of realization of the goal. With the current impasse between Israel and the Palestinian Authority ongoing, an old theme is being kicked around again, that of a single state that incorporates Israel and Palestine.
A single state solution is an idea that grew up in the 1920s and then died with the Six-Day War when divisions between the newly-founded Israeli state and the rest of the region were too entrenched for the idea to retain any traction. The political landscape after the war and even today is what many Jewish groups feared when Jewish Zionists were calling for a return to the biblical homeland to develop a Jewish state. Read more
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