Latest International Business News
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Haitang Bay promotes rapid growth in Sanyas hospitality industry
Sanya is likely to see the highest rate of growth to date in its hospitality industry as its hotel expansion has been at a rate unprecedented in China. The city has attracted over 40 international hotel operators to open new hotels in the city. Compared with Yalong Bay, there is far more potential within the luxury hotel market in Haitang Bay. The first phase of the newly built Haitang Bay ...
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Make-A-Wish whisks local teen to Disney World
(WBIR-Knoxville) Make-A-Wish Foundation whisked a local teen battling heart issues to the most magical place on earth. Garrett, 14, has had several surgeries in the past on his heart. His one wish was to travel to Orlando and visit Disney World, Universal and all the other theme parks. On Saturday, he took off from McGhee Tyson Airport to Florida. His mother, Connie Metcalf, said ...
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Doug Ford disputes Globe report on family history with drug dealing
Toronto City Councillor Doug Ford, photographed in his office at the family business in Etobicoke, Ont., in February, 2011. (Peter Power/The Globe and ...
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Business Butterfly farming brings fluttering fortunes for Taita
Whenever I meet with people and tell them that I am a butterfly farmer, they look at me with a sense of incredulity and ...
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Business MPs dont cry over pay curb wasteful spending
Government looks for money to finance old debts and recurrent expenditure. The current account deficit (which is a measure of payments for imports against earnings from exports) has continued to widen over the past ten years or so, with the value of imports rising faster than that of exports. This has further raised questions on the country's ability to expand its exports ...
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Fracking energy revolution begins to rock the world
FILE - In this March 29, 2013 file photo, workers tend to a well head during a hydraulic fracturing operation at an Encana Oil & Gas (USA) Inc. gas well outside Rifle, in western Colorado. The Obama administration is proposing a rule that would require companies that drill for oil and natural gas on federal lands to publicly disclose chemicals used in hydraulic fracturing operations. The new ...
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Memorials to a Forgotten World War
Memory can fail you, abandon you, deceive you. It will. To thwart this, we make monuments and plaques and street signs and scatter them about like breadcrumbs in a forest. It doesn’t work. A monument can’t come to you and tell you about a great person or important event; you have to find it, or stumble upon it, and pause in your daily perambulations to read the thing. And with few ...
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John Rice vice chairman of General Electric talks global business
John Rice, vice chairman of General Electric Co., discusses the demands his business faces with $150 billion in revenue last year and more than 300,000 ...
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ORTEC Names Aantjes Global CTO
has promoted Corne Aantjes, CEO of its North American operations, to serve as global CTO, and to the global executive board.Aantjes joined the company in 1994 as a solution architect and opened ORTEC's North American headquarters in Atlanta in 2001. He will now relocate to ORTEC's new global headquarters, which just opened in the Netherlands.The logistics optimization software company ...
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Business week in review
Ruby McGregor-Smith cheered investors at the opening bell on Monday when FTSE 250 outsourcing group Mitie reported a 5.4 per cent rise in pre-tax profit to 111.1m. Suitably for a company that does the catering at the Chelsea Flower show, boss McGregor-Smith said Mitie "continues to grow". Ivan Glasenberg, the billionaire mastermind behind the Glencore Xstrata mining and commodities ...
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Protesters around the world march against Monsanto
LOS ANGELES (AP) -- Organizers say two million people marched in protest against seed giant Monsanto in hundreds of rallies across the U.S. and in over 50 other countries on ...
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Chiles indigenous fight worlds largest gold miners to protect environment
EL CORRAL, Chile – The Diaguita Indians live in the foothills of the Andes, just downstream from the world's highest gold mine, where for as long as anyone can remember they've drunk straight from the glacier-fed river that irrigates their orchards and vineyards with its clear water. Then thousands of mine workers and their huge machines moved in, building a road alongside the ...
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Re turns shaky on global turmoil renewed dollar strength
Nifty recently touched 28-month highs before cooling off, while the benchmark 10-year G-sec yield slipped to a 3-year low on rate cut speculation. The rupee, which had been hovering in a 53-55 range for most part of this year, weakened to 56 - an 8 month low on global risk aversion and renewed dollar strength. Firstly, the global markets turned shaky after ...
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Corporate tax our mainstream parties all fawned over multinationals | the big issue
How our tax inspectors fell in love with tycoons ", Nick Cohen).Britain's mainstream parties pretend to differ on the taxation of multi-nationals yet were happy with Revenue & Customs cutting sweetheart deals. They also pretend to differ on the EU, yet are committed, as are many Eurosceptic Tory MPs, to the free movement of labour within an ever expanding, albeit looser, EU.This is ...
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5-time Sprint Cup champ Jimmie Johnson seeking to make history at the Coca-Cola 600
Matt Kenseth looks on as crew members work on his car during practice for Sunday's NASCAR Sprint Cup series Coca-Cola 600 auto race at Charlotte Motor Speedway in Concord, N.C., Thursday, May 23, 2013. (AP Photo/Nell ...
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Conquering Everest 60 facts about the worlds tallest mountain
Sixty years after Sir Edmund Hillary and Tenzing Norgay first reached the peak of the highest mountain on Earth, Kathryn Bromwich offers 60 facts about the top of the ...
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A flood of cash to buy up the water companies
If City analysts are right, Severn Trent chief executive Tony Wray should be celebrating his final annual figures at the helm with a glass of champagne rather than the tap water the listed utility supplies to 3.7m homes and businesses. Scribblers at Socit Gnrale have forecast another bumper year, with revenue up to 1.84bn and a pre-tax and interest profit of 501m - a margin that is, once again, ...
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Business week in review
Ruby McGregor-Smith cheered investors at the opening bell on Monday when FTSE 250 outsourcing group Mitie reported a 5.4 per cent rise in pre-tax profit to 111.1m. Suitably for a company that does the catering at the Chelsea Flower show, boss McGregor-Smith said Mitie "continues to grow". Ivan Glasenberg, the billionaire mastermind behind the Glencore Xstrata mining and commodities ...
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Co-op in disarray as finance chief Steve Humes quits
The finance boss of the Co-operative Group has been forced to resign from the funerals-to-supermarkets group as its banking division lurches from crisis to crisis, leaving 6.5 million customers fretting over their ...
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How wealth of Silicon Valleys tech elite created a world apart
San Francisco 's rush hour. From the pavement you can see your reflection in the windows, but you can't see in. The buses have no markings or logos, no advertised destinations or stops.It doesn't matter. Everyone knows what they are. "Transport for a breed apart. For a community that is separate but not equal," said Diamond Dave Whitaker, a self-professed beat poet and ...
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Was jittery Thursday a foretaste of another global economic crash
quantitative easing , but by artificially inflating the prices of stocks and bonds they're just storing up an almighty crash for the future.That's the argument of City bears, who warn that while last week's slide may be reversed in the days ahead, the sharp fall in share prices that spread from Tokyo to Wall Street and London was a foretaste of the reckoning that will inevitably ...
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Tony Blair is asked to help secure release of mining employees in Guinea
French human rights lawyer Rachel Lindon has asked Tony Blair, pictured, to assist in securing the release of two mining company employees in Guinea. Photograph: Maxa/Landov/Barcroft ...
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Big companies low taxes ‘a broken system’
The soda industry’s success at legally avoiding taxes shows why so many economists and tax experts believe the U.S. corporate-tax code is terribly ...
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Indonesia is seeing a new corporate colonialism
Indonesia as local and multinational companies have been encouraged to seize and then deforest customary land - land owned by indigenous people and administered in accordance with their customs. More than 600 were recorded in 2011, with 22 deaths and hundreds of injuries. The true number is probably far greater, say watchdog groups.The Indonesian national human rights commission reported more ...
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Doug Ford says drug allegations against him are not true
Toronto Coun. Doug Ford says allegations that he once dealt hashish are "not true" and an "outright lie." In an interview with CP24, Ford denied ...
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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