Latest International Business News
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Strategies 6 good-for-you business tasks you hate
Small-business owners have duties they hate doing. These are tedious, annoying tasks that you as a hard-charging entrepreneur would rather avoid. But that doesn't mean you or your business is better off without ...
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Rob Ford’s chief of staff dumped as ‘crack video’ scandal swirls
TORONTO -- The chief of staff to embattled Mayor Rob Ford was escorted by security from city hall premises Thursday as allegations the mayor had been caught on videotape smoking crack cocaine continued to swirl.Mark Towhey said he did not resign but his departure had not come as a shock to him."The mayor and I spoke about it this afternoon," Towhey said as reporters trailed him through ...
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Microsoft reportedly to take cut on used Xbox One game sales
(Credit: James Martin/CNET) Microsoft's policy concerning used Xbox One games has proven a bit confusing, but a new report may have spilled more concrete details. Citing information from "retail sources," gaming news MCV claims ...
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Horne to miss Sevens World Cup
Springbok Sevens captain Frankie Horne will miss the Rugby World Cup Sevens in Moscow, Russia, next month because of injury. Picture by: Wessel ...
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UN nuke agencys Iran probe driven by US-led intel
VIENNA (AP) -- The U.N. nuclear agency responsible for probing whether Iran has worked on a nuclear bomb depends on the United States and its allies for most of its intelligence, complicating the agency's efforts to produce findings that can be widely accepted by the international ...
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Ford buyers get em while theyre hot
FORD fans are rushing dealerships to buy one of the last Falcons before the model is axed, a reaction similar to that which followed the end of the V8 Falcon in ...
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UTA Hires Top Investment Banker to Explore Finance Options
United Talent Agency has engaged a top Wall Street banker to help evaluate investment offers in the wake of the sale of minority interests in its two larger ...
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IAEA Joins 66th World Health Assembly to Address Non-Communicable Diseases
The World Health Assembly meets annually to consider major health policy matters of the World Health Organization and its Member States. The 2013 meeting convenes from 20 to 28 May 2013 in Geneva. (Photo: P. ...
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Sudan Sudan Demanded Kiir to Close Business Offices Held By Rebel Groups - Official
Khartoum - Sudan dismissed on Thursday statements by president Salav Kiir saying that Khartoum had asked him to expel all the Sudanese traders working in Juba. On Monday, the South Sudanese president said Khartoum asked him to expel all the Sudanese traders working in Juba. He pointed out that there is no progress in the normalization process with Sudan ,adding that the latter continues to hold ...
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IMF Oil stablity threaten Libyan economy
The Libyan economy is vulnerable to fluctuations in oil prices as well as security and political challenges, the International Monetary Fund said. The IMF reports that Libya's economy collapsed during the 2011 war, with gross domestic product falling more than 60 percent. Libyan oil production during the war stopped and the IMF said the lack of exports led to a budget deficit of 15.4 ...
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GLOBAL MARKETS-Stimulus fears haunt share markets dollar weak
Fri May 24, 2013 8:11am EDT * World shares steady but liquidity fears remain * U.S. stocks set to follow European markets lower * German Ifo index seen pushing back ECB rate cut * Dollar index down 0.3 pct, yen resumes rise By Richard Hubbard LONDON, May 24 (Reuters) - World share markets looked vulnerable to further falls on Friday, with brighter economic news from Europe doing little to ...
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Eye for an eye makes the world go blind
>Are you from the area affected, or London in general? What is your reaction to the incident? Send us your images, video and experiences. London (CNN) -- The family of the British soldier brutally slain in a cleaver attack in southeast London spoke movingly Friday of a man who was a devoted husband, father and brother, as well as a dedicated serviceman. Stepfather Ian Rigby said Drummer Lee ...
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RPT-Fitch updates global structured finance rating criteria no rating impact
Fri May 24, 2013 8:05am EDT (Repeat for Additional Subscribers) May 24 (Reuters) - (The following statement was released by the rating agency) Fitch Ratings has updated its global criteria for rating structured finance (SF) transactions. The changes to the report will not have any impact on existing SF transactions. The criteria describe Fitch's approach to analysing SF transactions and ...
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Europes Largest Economy Picking Up Steam
German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. The Munich-based Ifo think tank said on Friday its business climate index, based on a monthly survey of some 7,000 firms, rose to 105.7 in May from 104.4 in April. That compared with a ...
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Kyobo Life bids for INGs South Korean insurance business
SEOUL/HONG KONG | Fri May 24, 2013 7:59am EDT SEOUL/HONG KONG (Reuters) - Kyobo Life Insurance, South Korea's third-largest insurer, said on Friday it had made a bid for a controlling stake in ING's (ING.AS) South Korean insurance unit, breathing new life into a delayed deal previously valued at roughly $2 billion. Kyobo, whose investors include Ontario Teachers' Pension ...
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World stocks stabilize after big sell-off
MOSCOW (AP) -- World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary ...
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Abercrombie shares slide after earnings disappoint
+0.48% reported a first-quarter loss of $7.2 million, or $0.09 a share, narrower than the loss of $21.3 million, or $0.25 a share, a year earlier. Revenue fell 9% to $838.8 million, from $921.2 million a year earlier, the retailer said Friday. Analysts had expected a loss of $0.05 a share on revenue of $938 million, according to FactSet. The retailer said it expects second-quarter EPS of $0.28 ...
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German Soccer Rules Europe Can It Conquer the World
Murdoch's Sky Deutschland Scores Big With Bundesliga Rights For the 200 million viewers who will watch the first-ever all-German Champions League final on Saturday, the message is clear: European soccer now speaks with a German ...
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Auto industry predicts huge Memorial Day sales
Memorial Day weekend could be a smashing three days for the auto industry, which is pushing for the highest level of sales this year since 2002, forecasters predict.So far, new-vehicle sales to individual customers are keeping the industry on track for sales above 15 million this year. When all new-vehicle sales are counted in, the total could top 16 million for the first time this decade, LMC ...
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Cruise industry adopts Passenger Bill of Rights
The bill of rights was adopted by 26 North American-member cruise line. The Cruise Lines International Association, the cruise industrys trade group, has adopted a 'Passenger Bill of Rights' in the wake of several high-profile cruise disasters. The list was backed by U.S. Sen. Charles Schumer, D-N.Y., and it will be part of passengers' "contract of carriage" that gives ...
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Republicans package H-1B plan in attractive website
starting its debate on a comprehensive immigration bill, Republican lawmakers in the House have released a plan of their own. The Skills Visa Act, by Darrell Issa (R-Calif.), isn't completely new and is based on earlier legislation. But what is a little different about the ...
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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 ...
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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