Latest International Business News
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Gisele Bundchen crowned most powerful model in world
Gisele Bundchen has been named as the most powerful model in the world by Forbes magazine. The 32-year-old, who is the only model named to the magazine's newly released 2013 'World's Most Powerful Women' list, has been ranked No. 95 out of the 100 influential women including iconic entrepreneurs, CEOs, politicians and philanthropists, the Huffington post reported. Bundchen made the list last ...
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Finance head Carrion to run for IOC president
Finance Commission head Richard Carrion has joined the race to succeed International Olympic Committee (IOC) president Jacques Rogge. The Puerto Rican will run against Thomas Bach, Ng Ser Miang and Wu Ching-kuo, who has yet to officially declare his intention to run, reports Xinhua. Carrion, 60, has no sporting background. He is chairman of a financial holding company and since 2002 has ...
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Japanese economy has begun to recover central bank
Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese GDP. "Domestic demand remains resilient due to the effects of the monetary relaxation measures" and the recently-approved stimulus policies, the Bank of Japan ...
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Largest genetic sequencing study of human disease completed
A global team of scientists has completed the largest sequencing study of human disease to date, investigating the genetic basis of six autoimmune diseases. The exact cause of these diseases - autoimmune thyroid disease, coeliac disease, Crohn's disease, psoriasis, multiple sclerosis and type 1 diabetes- is unknown, but is believed to be a complex combination of genetic and environmental ...
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Taiwan April manufacturing production index down says MOEA
Taiwan recorded a manufacturing production index (2011 as base year) of 100.02 for April 2013, decreasing 1.32% on month and 1.18% on year, according to statistics released by the Ministry of Economic Affairs (MOEA) on May ...
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Rob Ford chief told him to go to rehab Source
Rob Ford ducks reporters asking about crack allegations Mayor Rob Ford fired his chief of staff Thursday after growing tired of Mark Towhey urging him to go to rehab, the Toronto Sun has learned. Towhey was walked out of the mayor’s office by City Hall security and at least one councillor said his firing was "football" related. But a source familiar with the situation told the ...
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Chit fund companies did not spare even sex workers in West Bengal
The chit fund fraudsters did not even spare sex workers in West Bengal. Trapped by the cheats to invest their hard-earned savings in ponzi schemes, thousands of sex workers in the state's red-light districts have lost crores of rupees.A majority of investments were made in the Saradha Group, which is under the scanner for defrauding lakhs of investors. According to a survey conducted by an ...
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BOJ Kuroda vows to calm JGBs guide economy to recovery
By Leika KiharaTOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda on Friday expressed confidence the central bank can stem bond market volatility with flexible market operations and engineer a steady recovery in the world's third-largest economy.Kuroda said the central bank's aggressive monetary stimulus launched in April was a "necessary and sufficient" step to achieve ...
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Kenya Kenyan Economy Grew By 4.6 Percent in 2012
Nairobi - Kenya's economy grew by 4.6 percent in 2012 compared to 4.4 percent in 2011, according to this year's economic survey report released on Thursday. Cabinet Secretary for Devolution and Planning Anne Waiguru who presided over the launch says the marginal improvement was driven by notable growth in agriculture, wholesale and retail trade, transport and communication. The ...
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Kenya UNHCR Microsoft and HP to Boost Refugee Education in Dadaab
The UN Refugee Agency in partnership with Microsoft and HP, and with the support of the Innovation and Education units, has officially launched the Community Technology Access (CTA) project in Dadaab, a comprehensive initiative to harness the potential of ICT for the improvement of teaching and learning in the world's largest refugee settlement at the Kenya-Somalia border. Ensuring quality ...
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Gillard holding summit on Ford closure
PRIME Minister Julia Gillard and Treasurer Wayne Swan will meet with unions and business leaders on Friday to discuss the fallout from the Ford closure. The meeting of the national panel for economic reform will be held in Sydney at 2.30pm (AEST). Ford announced on Thursday about 1200 workers would lose their jobs at its two plants in Victoria by October 2016. The company's profits have been ...
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Colorado to fund export-aid program for small business
Small- and medium-sized Colorado businesses hoping to sell more goods in other countries will have a new opportunity to do so, after Gov. John Hickenlooper signed a bill Thursday creating an export-aid program under the Colorado Office of Economic Development and International Trade (OEDIT). House Bill 1193, sponsored by Reps. Tracy Kraft-Tharp, D-Arvada and Mike McLachlan, D-Durango, will set ...
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Sea World bares all as polar bears bond
IT'S so cute, it's almost too much to bear. Six cameras installed in a polar bear den at Sea World amusement park on the Gold Coast are recording the magical bond developing between mother Liya and her newborn cub. Sea World marine sciences director Trevor Long says they have been monitoring the cub's progress since its birth on May 9. But he says staff have enjoyed it so much, ...
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Microsoft brushes off claim Xbox Live accounts were compromised
IDG News Service - Microsoft brushed off a dubious hacker's claim on Thursday that he stole 47 million account credentials for Microsoft's Xbox Live gaming service. The hacker, who goes by the Twitter handle ...
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World Economic Forum to kick off a Dead Sea Jordan on Friday
The World Economic Forum is set to kick off at the Dead Sea, Jordan, on Friday. Image courtesy of WEF. World leaders including King Abdullah of Jordan, the Palestinian President Mahmoud Abbas and U.S. Secretary of State John Kerry are set to attend this ...
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Government establishes taskforce to deal with Ford workers
Melbourne 3000 The Victorian Government will establish a ministerial taskforce to deal with the fallout from Ford's decision to end manufacturing in Victoria. Premier Denis Napthine met Geelong community, union and industry leaders to discuss the city's future and the fate of its more than a thousand Ford workers. ...
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UN investigator seeks world moratorium on killer robots
United States A United Nations human rights investigator has called on all countries to declare a moratorium to prevent so-called "killer robots" being deployed on the battlefield.Christof Heyns, the UN special rapporteur on executions, says unmanned robotic weapons systems with varying degrees of autonomy and deadliness are being tested or used by the United States, Britain and ...
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China demand for coal stokes world market
A coal factory in Anhui province. The United States will pursue opportunities to increase coal exports to China, says Platts' Coal Trader International. Provided to China ...
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US ITC refuses to ban Microsofts Xbox at Googles request
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 patent relating to ...
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Moodys not sure if Indian economy has bottomed out
A research unit of the ratings agency Moody's has said it was not sure if the Indian economy had bottomed out, and blamed the slowdown in investments on a 'disturbing antibusiness tinge' of the ...
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Microsoft did not violate Google patent ITC
Xbox is related to the larger smartphone patent war between Apple, Microsoft and the mobile phone makers who use Google's Android software, including its subsidiary Motorola ...
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Bid to end corporate tax shelters goes global
The issue of corporate taxation has surged to the fore during Europe’s economic crisis, with countries including Ireland and the Netherlands singled out for offering easy shelters for multinationals looking to avoid paying taxes in countries where they make the majority of their ...
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China manufacturing shrinks in May
ry activity since October. It's a worrying sign for those concerned that a recovery in China's economy, the world's second largest, may have stalled. The flash HSBC Purchasing Managers' Index fell to 49.6 in May, slipping under the 50-point level separating expansion from contraction. Manufacturing activities in May reflected slower domestic demand and ongoing external ...
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Bloomberg accused of threatening to destroy New Yorks taxi industry
USA New York mayor Michael Bloomberg has found himself at the center of unwanted media attention after allegedly unleashing a profanity-laced tirade against the CEO of a large taxi fleet company over his opposition to the city's "Taxi of Tomorrow" plan. The altercation, which is said to have occurred last Thursday during a basketball game at Madison Square Garden's private ...
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Gillard seeks Ford help for workers
PRIME Minister Julia Gillard has called on Ford Australia to chip in to an assistance package to help workers and communities affected by the company's 2016 shutdown of car making. Ford announced on Thursday it would shed 1200 workers and close its factories in Victoria in October 2016. The federal and Victorian governments have pledged $50 million in assistance through two programs to help ...
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