Latest International Business News
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First woman chair ‘important milestone’ for Mining Association of Canada
Long-time Rio Tinto executive Zo Yujnovich, currently the CEO of the Iron Ore Company of Canada, has been elected the first female chair of the Mining Association of ...
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Mining Gold sector pay talks delayed
Wage negotiations in the gold industry, in which the Chamber of Mines will represent member employers, have been postponed to the middle of next month. The intervention by Deputy President Kgalema Motlanthe to promote stability in mining was one of the major reasons for the postponement, Charmane Russell, the external spokeswoman for the Chamber of Mines at Russell & Associates, said ...
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Economy is doing well says Zuma
Cape Town - The economy was ';doing very well';, and it was wrong to believe that investors perceived South Africa in a negative light, President Jacob Zuma told Parliament last ...
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The world’s dearest coffee is defecated not decaffeinated
Coffee snobs can now take it to a whole new level. The world’s most expensive cup of coffee is made from beans that are extracted from the excrement of a small ...
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Ryanair prepares for Boeing order
A team that Ryanair Holdings set up to evaluate Boeing’s 737 Max model would report back by the end of September, chief executive Michael O’Leary said yesterday, paving the way for an order that might run to more than 200 ...
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World Bank will help if US turns off tap
World Bank President Jim Yong Kim speaks at a Thomson Reuters Newsmaker event, at Canary Wharf in east London June 19, 2013. REUTERS/Stefan Wermuth (BRITAIN - Tags: BUSINESS ...
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Xbox One Microsoft U-turns on DRM restrictions after gamer outcry
Company responds to global outcry and removes daily online requirements and restrictions to pre-owned sales. Xbox president, Don Mattrick, thanks gamers for "candid ...
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Boot up Microsoft Nokia acquisition talks iPhone passwords security YouTube ad revenues and more
Nokia Corp. about buying its handset business, people familiar with the matter said, as laggards in the fast-moving mobile market struggle to gain ground. The discussions faltered over price and worries about Nokia's slumping market position, among other issues, these people said. One of the people said talks took place as recently as this month but aren't likely to be ...
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Fed not to lead global financial markets into panic S. Korea
US Federal Reserve is not expected to drive global financial markets into panic with its exit from quantitative easing, South Korea's senior economic policymaker said Thursday."(The US exit) will not go so far as to drive markets into panic. Bernanke just explained the stages of exit from quantitative easing," Vice Finance Minister Choo Kyung-ho told foreign correspondents.Choo ...
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Worlds largest exhibition for solar industry kicks off in Munich
The Intersolar Europe 2013 exhibition gets underway on Wednesday in the Munich International Exhibition Center. The three-day exhibition boasts an outside area and 12 exhibition halls measuring 121.000 square meters this year. It is expected to attract 50,000 visitors and 1,500 exhibitors, more than 10 percent of whom come from China, according to the organizing committee. The organizer said, ...
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World Champions take on debutants
These two players met four years ago in their opening Group B game at the FIFA U-20 World Cup Egypt 2009. On that occasion the young Spaniards took the honours with a devastating 8-0 win, but this time around Chong Hue will be looking to recreate the form he showed at the OFC Nations Cup where his goal sealed cup victory ...
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German companies see opportunities in reform
China may be growing at a slower pace, but its focus on urbanization and green industries will offer "great opportunities," said an official from the German Chamber of Commerce. The "strategic industries laid down in the current five-year plan will be very interesting for German companies in the next years," said Alexandra Voss, executive chairwoman of the German Chamber of ...
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Brazil unveils new mining regulation bill
/enpproperty--> BRASILIA - Brazilian President Dilma Rousseff Tuesday unveiled a new mining regulation bill that outlines how royalties will be distributed. The bill calls for metals-producing municipalities to receive 65 percent of the royalties derived from precious metal extraction, while states receive 23 percent and the federal government, 12 percent. It was scheduled to be submitted to ...
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Public will be offered shares in Lloyds Bank says George Osborne
The prospect of an eventual "tell Sid"-style sale of shares in Lloyds Bank was raised by George Osborne as he claimed Britain's economy had emerged from "intensive ...
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Fate of Microsofts tablet OS in question -- again
(Credit: Microsoft) Reports that Windows RT is headed for the dustbin of failed Microsoft operating systems has become a month -- if not weekly -- ritual for Asia-based sources. This time ...
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Obamas Berlin wall US Prez calls on Russia to revive a world without nuclear weapons from behind bulletproof glass
U.S. President Barack Obama used a speech in Berlin on Wednesday to call on Russia to revive the push for a world without nuclear weapons, offering to cut deployed nuclear arsenals by a third, but Moscow immediately poured scorn on his proposal.Speaking in Berlin where U.S. Presidents John F. Kennedy and Ronald Reagan gave rousing Cold-War speeches, Obama urged Russia to help build on the ...
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Kuwait Finance House says 20 percent capital increase oversubscribed
KFIN.KW ) (KFH), the Gulf Arab state's largest Islamic bank, said on Thursday its 20 percent capital increase had been oversubscribed by shareholders, without providing specific ...
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Gold futures down on global cues subdued domestic demand
IndiGo ruled the Indian skies in May, flying almost a third (29.5%) of domestic passengers, while Jet and JetLite together were at No 2, flying 22.5% of the total ...
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Kenya Past Winner to Contest the 2013 Total Quartz Economy Run
Mike Anderson--a past winner of the Total Quartz Economy Run--is among the competitors who will contest this year's event scheduled for Saturday. He will be driving a 1984 made Alfetta GTV6 over the 84km route. Instead of the two litre 155 which previously steered him to victory, Anderson's choice of using his immensely powerful three litre sports racing coupe for Saturday's ...
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Business is back for architecture but the recession changed the game
Looking around Denver these days, it's easy to see how the Great Recession changed the building environment. The forest of cranes that dominated the downtown skyline just a few years ago - as the state courts building, the Four Seasons hotel and the Colorado history museum were going up - now looks more like a few trees. Things are being built, but the action is around low-rise apartments ...
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Alcoa Announces Completion of Aluminum Lithium Capacity Expansion at UK Facility
Alcoa today announced it has completed the expansion of aluminum lithium capacity at its Kitts Green facility in the United Kingdom to serve the growing demand for the Company’s 3rd generation aluminum lithium alloys. Alcoa projects its aluminum lithium revenues will quadruple over the next six years to nearly $200 ...
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Vision Systems to Expand SPD-SmartGlass Business Activities Through New Facility
Vision Systems, a Research Frontiers (Nasdaq: REFR) licensee and tier-one supplier of SPD-Smart electronically dimmable windows announced today at the Paris Air Show that it is expanding its SPD-SmartGlass business activities by opening a production and operations facility in Melbourne, ...
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BRIEF-Melrose agrees to sell Marelli Motori business for 181.4 mln stg
LONDON, June 20 | Thu Jun 20, 2013 2:13am EDT LONDON, June 20 (Reuters) - Melrose Industries PLC : * Announces the sale of marelli motori * Sold to a company wholly owned by funds managed by the carlyle group * The total consideration of E212.0 million (181.4 million)(1) is payable in cash on ...
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RPT-GLOBAL MARKETS-Asia assets hammered on China fears Fed upset
Thu Jun 20, 2013 1:59am EDT * MSCI Asia ex-Japan slides 3.5 pct to 9-month low * U.S. Treasury yields hit 15-mth high, underpin dollar * China "flash" HSBC PMI hits 9-month lows * Asian credit market spreads widen 23 points By Chikako Mogi and Wayne Cole TOKYO/SYDNEY, June 20 (Reuters) - Asian markets buckled badly on Thursday after the Federal Reserve heralded an eventual end to free ...
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Murdoch Uni ranked among worlds best young unis
Murdoch University has been named for the first time in Times Higher Education's top 100 universities under 50 years old rankings. Murdoch debuted in the rankings at 57, while Curtin University was ranked ...
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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