Latest International Business News
RSS-
Putin calls for fast naval deliveries
President Vladimir Putin has criticised the state-owned United Shipbuilding Corporation (USC) for delay in delivery of warships to the Russian Navy and demanded the shipbuilders to improve efficiency. Established in 2007, the USC is the country's largest shipbuilding and ship repair company. "Problems still remain with deadlines and the quality of implementation of orders, including defence ...
-
UAE Singapore discuss global development
The United Arab Emirates (UAE) and Singapore have held talks over international development. The talks were held between UAE's minister for international cooperation and development, Sheikha Lubna bint Khalid al-Qasimi and visiting Singaporean minister for foreign affairs K. Shanmugam and his delegation. Both sides discussed ways to support efforts in international development, stimulating the ...
-
Ford to stop manufacturing here by 2016
Ford will cease its manufacturing operations in Australia by October 2016 with the loss of 1200 jobs.Ford Australia President and CEO Bob Graziano said the company made a loss of $141 million after tax in the last financial year, with a loss of $600 million over the last five years.Ford Australia employs more than 3500 people at its manufacturing plants at Broadmeadows, in Melbourne's ...
More International Business News
RSS-
Export mining expertise Austrade
One of Australia's most senior trade officials says he is confident the mining services sector can overcome a sharp drop in local orders by selling its expertise to overseas resources hotspots.Austrade chief executive Bruce Gosper made the comments on a flying trip to Perth yesterday - his first since he took the top job at the key government-backed export promotion agency in February.Mr ...
-
HPs slump deepens in second quarter as earnings fall 32 percent
Hewlett-Packard Co. reported Wednesday that quarterly earnings fell 32 percent from a year ago. But the company’s stock rose in extended trading after the company’s forecast came in above analysts’ ...
-
Electricity World Bank to assist Nigeria generate 2000MW
The World Bank has said it will help Nigeria to generate additional 2,000 megawatts of electricity in the next two years through support to independent power ...
-
Media report that Ford will shut Broadmeadows car factory Geelong engine plant
Ford Australia is planning to end car production in Australia. It is expected that the company will announce the closure of its Broadmeadows car factory and its Geelong engine ...
-
World Wide Technology opens new headquarters in St. Louis
MARYLAND HEIGHTS, Mo. (KSDK) - World Wide Technology announced Wednesday it has opened a new headquarters building on its St. Louis campus. The 57,200 square foot building was built with LEED and environmental building practices and will allow for the company's rapid growth and enable collaboration and innovation. "WWT's continuing success and growth has driven this expansion ...
-
US China can jointly tackle global challenges
/enpproperty--> WASHINGTON - US and China can cooperate more to resolve a range of challenges to advance global economic recovery, said Tung Chee Hwa, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), China's political advisory body, here Wednesday. Over the past few decades, the economic relationship between the United ...
-
Manufacturing where the parties stand
Labor, the Coalition and the Greens all agree Australia's struggling automotive sector needs financial support from the Commonwealth.There is also bipartisan support for strong anti-dumping measures to protect domestic industries, especially the manufacturing sector, from foreign companies exporting products to Australia at a price below the cost of manufacturing them.The Coalition ...
-
Global corporate bookings set new growth record.
+8.8% increase over April 2012 is highest year-over-year increase since August ...
-
Google chief defends company’s corporate tax payments
Google chief executive Eric Schmidt yesterday insisted that the company is "trying to do the right thing" over its corporation tax payments, but warned that it is up to national governments, not companies, to decide on tax ...
-
41 companies will compete in PBNs Social Madness challenge
More than 40 Hawaii businesses 41 to be exact are cleared for takeoff next month when the local rounds of PBNs Social Madness challenge get under way. Nominations closed last week, and the 41 companies approved for Social Madness will be hearing this week from PBNs parent company, American City Business Journals, about which of three categories they fall into. Last year, if you recall, Social ...
-
Sultanate Commits To Global Green Wave
View Comments Bandar Seri Begawan - With every passing year, participation for the Sultanate's green initiative remains strong with various individuals and international institutions taking part in both local and international events aimed at preserving Mother Nature, especially in a world where global warming has become a serious issue. For the past four years, the Government of Brunei ...
-
World War II PhotoDocumentarian Wayne Miller Dies At 94
Adm. Lord Louis Mountbatten, RN, addresses personnel aboard the USS Saratoga (CV-3) at Trincomalee, Ceylon. Adm. Mountbatten (center) on flight deck. (credit: Wayne Miller/Department of ...
-
Swan promises help for Ford workers
FEDERAL Treasurer Wayne Swan has promised to give relief to the Australian workers who may be impacted by the announcement by car maker Ford. Ford is reportedly expected to announce a huge cut to its Australian operations from 2016. Mr Swan would not be drawn on whether Ford operations would cease in Australia but said he would respond in detail after the announcement expected soon. "The ...
-
Cruise industrys passenger bill of rights
The cruise industry says it's adopting a passenger bill of rights that guarantees the "safety, comfort and care" of guests. The bill of rights promises, among other things, full refunds for trips that are cancelled due to mechanical failure, and a backup power source on every ship to keep emergency systems running in the event of a main generator failure. The announcement by the ...
-
Worlds largest undersea methane seep harbors variety of life
U.S. researchers say they've discovered what may be the world's largest methane seep on the ocean floor, where life thrives under extreme conditions. A marine research expedition sponsored by the U.S. Bureau of Ocean Energy Management and the National Oceanic and Atmospheric Administration located the seep deep in the western North Atlantic Ocean, far from the life-sustaining energy ...
-
Ford workers are top priority Emerson
ACTING Industry Minister Craig Emerson says looking after Ford's workers and helping them get new jobs will be a "top priority" for the federal government. Ford is expected to announce on Thursday morning a huge cut to its Australian operations from 2016. Dr Emerson says the government is aware of reports the car maker will be making a "significant announcement about the future ...
-
Napthine vows to support axed Ford workers
VICTORIAN Premier Denis Napthine says the state government will help any Ford workers who lose their jobs. "If there's a change to car production we would be working with the federal government to support people who are affected and the supply chain," Dr Napthine told reporters in northeast Victoria on Thursday. He said the carbon tax was putting pressure on the cost of doing ...
-
Rio Archbishop on Consecrating Worlds Youth to Mary
And Following Pope Francis' Lead in EvangelizationBy Thacio SiqueiraRIO DE JANEIRO, BRAZIL, May 07, 2013 (Zenit.org) - The archbishop of Rio de Janeiro is planning to consecrate World Youth Day to Our Lady of Fatima when he celebrates her feast in Portugal next week.Archbishop Orani ...
-
Washington Memo Torches and Pitchforks for I.R.S. but Cheers for Apple
WASHINGTON ...
-
The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession Spain France Italy Finland Netherlands Portugal Cyprus Greece and Slovenia. The austerity policy imposed by the troika and the German govern
The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession: Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia. The austerity policy imposed by the troika and the German government of Angela Merkel is sinking Europe. Eurostat data was released on Wednesday (15th) and are relative to GDP in the euro area in the first ...
-
UPDATE 1-Ford to close Australia auto plants - reports
Wed May 22, 2013 8:24pm EDT * Ford to end Australia production by 2016 - reports * Strong Australia dollar, cheaper imports hurt local manufacturers * Australian economy at risk as mining boom peaks, other sectors sluggish * Govt previously committed A$5.4 bln to support car manufacturers to 2020 CANBERRA, May 23 (Reuters) - Ford Motor Co is set to announce it is closing its two Australian auto ...
-
Hainan delegation attends 9th Intl Cultural Industries Fair in Shenzhen
A Hainan delegation held a series of promotional activities to promote 11 cultural industries projects at the four-day 9th China International Cultural Industries Fair (ICIF) which kicked off at the Shenzhen Convention & Exhibition Center in Shenzhen on May 17th. The delegation was comprised of about 330 representatives from 147 companies from 9 counties and cities of Hainan island, 18 ...
News from around our Network
