Latest International Business News
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Numsa in dispute after talks stall with retail motor industry
The spectre of a strike in the automotive industry has been raised with the National Union of Metalworkers of SA (Numsa) declaring a dispute with the retail motor industry over a new agreement on wages and conditions of ...
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Confidence improves across building industry
Confidence in the building industry improved to the least dissatisfied level in four years during the second quarter, largely on a significant improvement in the confidence of main contractors seeing an acceleration in building ...
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World Bank loans $150m for small town development
The World Bank and east China's Jiangxi Province have jointly launched a small-town development project, aiming to develop cities and towns in the Poyang Lake region and the lake basin, local authorities said Wednesday.The provincial Development and Reform Commission said the World Bank has loaned $150 million to the province in support of the Jiangxi Poyang Lake Basin and Ecological ...
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Cyprus Calls for Bailout Overhaul to Save Economy
Cyprus' president has asked euro zone leaders for a complete revamp of his country's 10 billion euro ($13.4 billion) bailout, warning Nicosia may not be able to meet the rescue's current terms because it has harmed the country's economy and banking system even more than expected. In a letter sent last week and obtained by the Financial Times, Nicos Anastasiades wrote that the ...
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Boeing to Airbus Weve Got You Boxed and Bracketed
Boeing 's Dreamliner meet its new challenger in the form of the Airbus A350, the U.S. firm maintains that the new European aircraft will not affect its share of the wide body market, claiming: "We've got them boxed and bracketed." Randy Tinseth, vice president of marketing for Boeing Commercial Airplanes, was speaking on a day that saw strong orders for Boeing's ...
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Emirates takes home 2013 World’s Best Airline’ Award
Emirates Airlines Emirates Airlines was awarded the highly coveted 'World's Best Airline' award, presented by Skytrax at the 2013 World Airline Awards yesterday.In addition to winning 'World's Best Airline' Emirates scooped up a further two awards including; 'Best Middle East Airline' and for a record ninth year in a row, ?World's Best Inflight ...
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UCLA edges NC State at College World Series
Bruce Thorson/USA TODAY Sports OMAHA, Neb. -- Nick Vander Tuig scattered four hits during seven-plus innings and UCLA produced just enough offense to defeat NC State 2-1 in the College World Series on Tuesday night. UCLA (46-17) moved within one victory of next week's best-of-three finals. The Wolfpack (50-15) will play an elimination game against North Carolina on ...
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G8 summit David Cameron hails landmark deal to rewrite world rules to stamp out tax evasion
David Cameron has hailed a landmark deal to rewrite global rules to stamp out tax evasion and stop companies shifting profits between countries to limit their tax ...
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Rands hopes rest on US Federal Reserves revelations
SA's revenue outlook could dim even more if markets react adversely to an awaited announcement by the US Federal Reserve, warns the finance ...
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BOC loses bid to reverse dismissal of case vs Pilipinas Shell
division denied the motion for reconsideration filed by the government for failure to present new arguments that would warrant a reversal of their earlier decision. "After carefully considering the grounds raised in the subject...The additional arguments proffered therein constitute no cogent or compelling reason to modify, much less reverse it," the appeals court said. The Bureau of ...
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Chinas Tianhe-2 overtakes US Titan as worlds fastest supercomputer
An expert stands near the Tianhe-2 supercomputer at the National University of Defense Technology in Changsha, capital of central China's Hunan Province. The fastest computer in the world can store 60 billion books, each with 100,000 Chinese ...
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In pictures Worlds most expensive luxury home on wheels in Dubai
The multi-million dirham ultra-luxurious mobile home, the ‘eleMMent’ Palazzo. The eleMMent Palazzo, by Marchi Mobile, is a mobile palace for the elite. The expandable pop-up flybridge lounge is fitted with multiple bars overlooking two floors that contain a master bedroom with an integrated bathroom and a couch that can be converted into bar furniture at the push of a button. A ...
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FYUP to turn education into a business venture
The four-year undergraduate programme (FYUP), introduced from this academic session in Delhi University, is entirely an anti-student programme. By introducing this program in haste and in a haphazard manner, the Minister of Human Resource Development and the Vice Chancellor of Delhi University have damaged the interest of students, particularly those who come from a socially and economically ...
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Socceroos bound for World Cup
WELL, you didn't really doubt the Socceroos did you? The team that likes to do it the hard way is going to the World Cup in Brazil, but guess what? They did it the hard way.An 82nd-minute goal from Josh Kennedy punctured Iraq's resistance, earning the Socceroos the narrowest of wins.But ultimately no one cared about the margin, for the win was enough to confirm a third consecutive ...
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U.S. men beat Honduras in World Cup qualifying match
U.S. forward Jozy Altidore (17) heads the ball as Honduras' keeper Noel Valladares, left, and Jose Velasquez defend in the second half of Tuesday’s World Cup qualifying ...
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Top-seeded North Carolina stays alive in College World Series
North Carolina's Brian Holberton (10) is greeted by teammates after hitting a two-run homer Tuesday against Louisiana State at the College World ...
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Kuwaits Zain eyes acquisitions in IT industries
Kuwait mobile operator Zain will make acquisitions and partnerships in computer-based industries this year to exploit rising demand for data and help offset falling conventional call and text income, its chief executive told ...
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Vasco da Gama’s journal included in list of worlds greatest documents
Africa to India, arriving in Calicut and starting a maritime route from Portugal to India, changing the course of history of humankind has been included in the most prestigious list of the world's greatest documents. Unesco's world heritage body that met on Tuesday has decided to include this journal - the only copy of the voyage of Vasco da Gama in the Memory of the World Register ...
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Postmedia News Ottawa Citizen win Michener award for reporting on robocalls
OTTAWA - A Postmedia News and Ottawa Citizen investigation exposing the use of "robocalls" to mislead and harass voters during the 2011 federal election campaign has won the 2012 Michener Award. The foundation handing out the award noted that the "detailed and sustained reporting" led to Elections Canada investigating complaints, a Federal court ruling that electoral fraud ...
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Police shoot kill man holding child hostage inside Wal-Mart store www.privateofficer.com
-- A man was shot and killed by a Midwest City police officer Monday afternoon after holding a toddler hostage for more than half an hour inside a grocery store, authorities said. No names were released Monday. About 3:10 p.m., a man walked into the dairy section of the Walmart Market, 7520 E Reno Ave., grabbed a 2-year-old girl and held her at knife point, Midwest City Assistant Police Chief ...
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Former Part-Owner of Litigation Funding Company Admits Defrauding Business Partners www.privateofficer.com
--The former part-owner and underwriter for New York-based litigation funding company The Law Funder LLC admitted today in Newark federal court to participating in a secret kickback scheme that defrauded his former business partners of approximately $869,492, U.S. Attorney Paul J. Fishman announced. Mathew Sheldon, 39, of New York, pleaded guilty today before U.S. District Judge Dennis M. ...
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Medical Business Owner Indicted for Medicaid Fraud www.privateofficer.com
--Jennifer C. Alsdorf has been indicted on charges of health care fraud and wire fraud for filing over $500,000 in fraudulent claims with the Georgia Medicaid program. "This defendant is charged with robbing Medicaid of over half-a-million dollars intended for children in need. Her alleged fraud includes billing for medical services never performed, for patients never seen, and in the ...
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College teacher training found in study to be ‘industry of mediocrity’
Pennsylvania colleges are doing little to curb America's steady decline from educational powerhouse to middle-of-the-pack contender, according to a study published Tuesday by the National Council on Teacher ...
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Ford set to drive in automatic SUV EcoSport to woo women in India
That’s how many engineers graduate in India every year. And they have never found it so hard to land a job. Some blame the slack job market, others point to poor quality of colleges and ...
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Self-promotion is key to business
When Marly Quincoces wanted to grab the attention of potential clients for her South Florida event planning company, StarMar Events, she made a YouTube video in front of a white board giving tips on how to land a sponsor. Quincoces quickly learned that even while she was sleeping or directing caterers, she could lure in customers with her online presence. "I'm definitely going to do ...
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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