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Ex-Im Bank loan guarantee to Air India upheld by US appeals court

Tue, 18 Jun 2013 17:24:35 -0400

WASHINGTON - A U.S. appeals court has upheld a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Indian state-owned carrier Air India in a legal challenge brought by Delta Air Lines to the loan guarantee. The court has however directed the government-run bank to better explain its rationale for providing loan guarantee, which Delta claimed as a victory ...

Google spending $7mn to fight child pornography

Tue, 18 Jun 2013 17:23:53 -0400

LONDON - Internet giant Google said it is spending $5 million to wipe images of child abuse off the Internet and another $2 million to create tools to find the images and eradicate them. "We're in the business of making information widely available, but there's certain 'information' that should never be created or found," wrote Jacqueline Fuller, director of Google Giving, in a blog post. "We ...

Aspen seeks to acquire GSK thrombosis drug and plant

Tue, 18 Jun 2013 17:20:31 -0400

DURBAN / LONDON - South Africa's biggest generic drug maker Aspen Pharmacare and its subsidiary Aspen Global Incorporated have made an offer to acquire thrombosis drugs and their associated manufacturing site at Notre Dame de Bondeville, France, from GlaxoSmithKline (GSK). "AGI will acquire from GSK the Arixtra and Fraxiparine/Fraxodi brands and business worldwide, except in China, Pakistan ...

Shenzen to be first Chinese city to begin carbon trading

Tue, 18 Jun 2013 17:12:35 -0400

BEIJING - China, the world's biggest carbon emitter, is set to launch Tuesday its first carbon trading scheme as a pilot project in the southern city of Shenzhen as part of efforts to cut emissions in its key cities. Carbon emissions trading schemes are meant to encourage companies to reduce their carbon dioxide emissions by setting a limit or a cap, on the level of emission that can be ...

UK inflation rises to 2.7pc in May pushed by higher transport cost

Tue, 18 Jun 2013 17:12:21 -0400

LONDON - The consumer price index (CPI) inflation increased to 2.7% in May, up from 2.4% in April, mainly due to higher fuel costs pushing up transportation costs particularly airfares, the Office for National Statistics (ONS) said Tuesday. The ONS said the rise was due to a record increase in airfares and higher fuel prices. "The inflation rate has returned to the levels seen between ...

Facebook looking to partner with Samsung to boost mobile advertising sales

Wed, 19 Jun 2013 06:50:02 -0400

With the growing mobility of internet, Facebook CEO Mark Zuckerberg discussed potential partnership with Samsung company's president Shin Jong Kyun during Mark Zuckerberg's Asia tour. According to Bloomberg report, the partnership would reportedly focus on advancing mobile-advertising sales. Facebook has been strongly encouraging advertising on mobile. In April, Facebook Home had been launched ...

Yahoo eyeing Qwiki for estimated 50 million dollars

Wed, 19 Jun 2013 06:00:02 -0400

Internet corporation Yahoo is reportedly eyeing Qwiki, maker of a popular iOS app for an estimated deal worth 50 million dollars. According to Mashable, Qwiki has developed an iOS app that turns photos, sound and video clips into short movies. Yahoo's CEO Marissa Mayer is believed to be on an 'acquisition spree' of startups, shutting their respective apps and diverting their engineering ...

Veronica Campbell-Brown denies knowingly taking drug

Wed, 19 Jun 2013 04:20:01 -0400

Olympic and World Champion Veronica Campbell-Brown has denied knowingly taking a banned substance Lasix, which also goes by the name Furosemide. Brown's first public reaction came in the form of a statement released by her On Track Management (OTM) group following reports that she has tested positive for the banned drug. The OTM statement says Brown is determined to clear her name and included ...

Brazil protests will calm down Blatter hopes

Wed, 19 Jun 2013 03:20:02 -0400

FIFA president Sepp Blatter denied that the Confederations Cup and World Cup are the causes for mass protests across Brazil. Demonstrations, which began last week in response to rise in public transport fares, have turned into a nation-wide rally against bad governance and corruption, reports Xinhua. Many marchers expressed their anger at the billions of dollars spent on new football stadiums ...

Community radio reporters acting as climate change communication agents in Central India

Wed, 19 Jun 2013 03:20:02 -0400

Climate change is real. For an emerging economy like India with a large population directly dependent on natural resources for their sustenance, the changing climate is causing severe economic, environmental and social challenges. Bundelkhand, a semi - arid region comprising of 13 districts in the states of Madhya Pradesh and Uttar Pradesh is one of the most climate sensitive areas in India. ...

Cisco set to open new centre in Israel

Wed, 19 Jun 2013 02:50:01 -0400

The US technology giant Cisco plans to open a new research and development center in Israel, the company's CEO John Chambers said during his meeting with Israel's Minister of Finance Yair Lapid. The new centre is expected to offer 100 jobs, to be added to about 2,000 employees already work at Cisco center in Israel, reported Xinhua. Chambers Tuesday said the new project, whose main focus is ...

50pc fashion industry workers unhappy with jobs

Wed, 19 Jun 2013 02:40:04 -0400

More than half of the workers of the fashion industry are dissatisfied with their jobs, a new survey has revealed. More than 1,300 workers in different disciplines with various degrees of seniority and expertise, were surveyed in a poll conducted by recruitment firm 24 Seven, only 48 percent of the employees have said that they are satisfied with their current position which is 51 percent last ...

Yahoo follows Facebook and Microsoft in publishing US govt sought snoop data

Wed, 19 Jun 2013 02:40:03 -0400

Internet corporation Yahoo has followed the league of technological companies in publishing reports about 'snoop data' requests made by the US government. According to the Guardian, Yahoo has revealed that it had received 12,000-13,000 requests, inclusive of criminal, Foreign Intelligence Surveillance Act (FISA), and other requests by the government between 1 December 2012 and 31 May 2013. ...

Protestors hack Brazil World Cup 2014 website

Wed, 19 Jun 2013 02:40:02 -0400

Protestors have reportedly hacked the official website for the Brazil Football World Cup 2014 and replaced the site with a video of a violent police response to a peaceful protest. According to News.com.au, the FIFA website was replaced with an embedded YouTube video, showing protesters marching, before riot police release tear gas and fire on the protesters with rubber bullets. The report ...

Rousseff proposes new regulatory framework for Brazil mining

Wed, 19 Jun 2013 02:20:02 -0400

President Dilma Rousseff has proposed a new regulatory framework for mining in Brazil, one of the world's biggest producers of iron, bauxite, gold, nickel, manganese and other minerals. Rousseff said her plan calls for a new government agency that would regulate mining activity and create a new concessions regime. The new concessions "will run for 40 years, extendable for another 20", and the ...

Whatmore to review flop Pak players with World Cup 2015 in mind

Wed, 19 Jun 2013 00:30:01 -0400

Pakistan coach Dav Whatmore has said that national team will be reviewed keeping in mind the 2015 World Cup after their dismal performance in the ICC Champions Trophy in England. Poor batting led to Pakistan's defeat in all three matches as they failed to post a single total above 170 runs, with the flop performance prompting calls from former players, media and fans to overhaul the system and ...

Senior UN officials urge restraint dialogue to defuse tensions fuelling protests in Turkey

Tue, 18 Jun 2013 20:16:15 -0400

18 June 2013 150 Urging "maximum restraint" amid widespread anti-Government protests in Turkey, United Nations Secretary-General Ban Ki-moon and Navi Pillay, the world body's human rights chief, called today for constructive dialogue to defuse tensions in the country. "The atmosphere is still clearly highly combustible," said Ms. Pillay, who is the UN High Commissioner for Human Rights. "It ...

India signs loan agreement with World Bank for US$ 255 million for National AIDS Control Project-IV

Tue, 18 Jun 2013 10:40:02 -0400

An agreement for loan of US$ 255 million (equivalent) from World Bank for the "National AIDS Control Project (NACP-IV)" was signed here today between India and the World Bank. Nilaya Mitash, Joint Secretary, Department of Economic Affairs, Ministry of Finance signed on behalf of the Government of India and Mr.Onno Ruhl, Country Director, World Bank (India) on behalf of the World Bank. ...

Chidambaram for mobilsation of resources from insurance and pension sector for IDFs

Tue, 18 Jun 2013 10:40:01 -0400

Finance Minister P. Chidambaram on Tuesday said that for Infrastructure Debt Funds (IDFs), we should try to mobilise resources from insurance and pension sectors as these funds are available for long term horizon. Chidambaram, who was speaking after launching the maiden IDF scheme of IIFCL Mutual Fund (IDF) here today, later handed over In-Principle sanction approval letters issued by IIFCL ...

World Bank watching U.S. Fed ready to respond

Wed, 19 Jun 2013 08:58:19 -0400

Reuters © World Bank President Jim Yong Kim speaks at a Thomson Reuters Newsmaker event, at Canary Wharf in east London June 19, 2013. REUTERS/Stefan ...

For Many Filipinos Jobs and the Good Life Are Still Scarce

Wed, 19 Jun 2013 08:53:02 -0400

But Mr. Tagarro's experience -- of being left behind by the country's newfound prosperity -- mirrors that of many Filipinos, according to the latest government poverty and employment ...

Number of those displaced continues to rise as UN honors World Refugee Day

Wed, 19 Jun 2013 08:52:28 -0400

World Refugee Day, which was established by the United Nations to "honor the courage, strength and determination of women, men and children who are forced to flee their homes under threat of persecution, conflict and violence" is this Thursday, 20 July. Under this years theme, "Take one minute to support a family forced to flee," a number of actions have been planned by the ...

Overland Park man reunites with plane wrecked in World War II

Wed, 19 Jun 2013 08:49:56 -0400

The satellite television company blamed Overland Park-based Sprint and its revised agreement to be acquired by SoftBank Corp. Sprint had set the deadline for Dishs best and final offer after rejecting an earlier proposal from Dish as one it could not act ...

Indiegogo defends campaign for Rob Fords alleged crack video

Wed, 19 Jun 2013 08:44:20 -0400

TORONTO -- A campaign that raised $200,000 dollars to purchase an alleged video appearing to show Toronto Mayor Rob Ford smoking crack was a "beautiful example" of the fundraising power of the Internet, says the website that hosted the controversial crusade. "That campaign really just speaks to what crowdfunding is about, which is giving the power to people to decide what ...

FedEx Earnings Blow Past Estimates

Wed, 19 Jun 2013 08:43:50 -0400

FedEx posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.FedEx, considered an economic bellwether because of the massive volume of goods it moves across the world, had net income of $303 million, or 95 cents a share for its fourth quarter ended May 31, compared with $550 million or $1.73 a share a year ...

AFCs President congratulates Asian soccer teams who have qualified for participation in the World Football Cup2014 in Brazil

Wed, 19 Jun 2013 08:42:45 -0400

Kuala Lumpur: June 19 -- (BNA)-- The Asian Football Confederation (AFC)'s President, Shaikh Salman bin Ibrahim Al Khalifa, congratulated the Asian football teams who qualified for participation in the World Football Cup finals in Brazil in 2014, wishing them success and best of luck in future in order to honor Asian soccer. Shaikh Salman bin Ibrahim Al Khalifa praised the great standard ...

Global warming may cause extreme droughts in India World Bank warns

Wed, 19 Jun 2013 08:40:48 -0400

Global warming could lead to more extreme droughts in large parts of India, resulting in widespread food shortages and hardship in the country, in the next few decades, a ...

See the world through the eyes of a child

Wed, 19 Jun 2013 08:37:04 -0400

The question was "How do I see the world?" and the answers came through the camera lenses of 547 elementary schoolchildren in Calgary's northwest, the culmination of a year-long art project. Since September, kindergarten to Grade 6 students at Varsity Acres School have been learning the basics of photography and editing with the help of an artist-in-residence and 40 Canon ...

Nitish Kumar says Narendra Modi wave is created by corporate houses

Wed, 19 Jun 2013 08:33:06 -0400

Patna : Bihar Chief Minister Nitish Kumar today dismissed the so-called wave in favour of Narendra Modi, perceived by many BJP workers, as one created by corporate houses."BJP workers are getting excited about wave created by one of their leaders (Narendra Modi)...it is nothing but wave created by corporate houses which will be short lived and cannot do any magic in 2014," Mr Kumar ...

Deciding The Fate Of The World

Wed, 19 Jun 2013 08:29:55 -0400

Good day. And a Wonderful Wednesday to you! Well. Today's "the day" we've all been waiting for with much anticipation. Anticipation is making me late, Is keeping me waiting. Yes, the fate of the world is in the hands of one man today. OK, maybe I went a little overboard there, with the fate of the world stuff, but. if you count the number of media reports on TV, in the ...

‘Obroni’ Chinese Illegal Mining

Wed, 19 Jun 2013 08:28:05 -0400

To be honest with you, my dear reader, I have forgotten the exact date, but if my memory serves me right, it was in October 2007. My Pentium One computer, you heard me right! My Pentium one computer was giving me a hell of time, so when my publisher, Nana Kofi Coomson, visited my office in Takoradi, where I was the Regional Correspondent of The Chronicle, I decided to complain to him. ...

NC State loses 2-1 to UCLA at College World Series

Wed, 19 Jun 2013 08:27:38 -0400

OMAHA, Neb. - Just when it looked like North Carolina State got off its best shot against UCLA pitching, Trea Turner's deep fly died a few feet short of the left-field fence.Nick Vander Tuig and David Berg combined to limit NC State to five hits, and the Wolfpack lost 2-1 on Tuesday night to move within a game of elimination in their first College World Series appearance since 1968.UCLA ...

Microsoft slashes Surface prices to lure buyers

Wed, 19 Jun 2013 08:26:46 -0400

MSFT ) has seen a run of poor financial results in recent years as a result of bad management choices. That seems to include the company's answer to the iPad, the Surface, which already seems to be sinking in popularity -- so much so ...

Spanish economy gets boost from drop in trade deficit

Wed, 19 Jun 2013 08:25:38 -0400

MADRID: Spain's trade deficit was halved in April as exports soared, especially to China and other fast-growing emerging markets, the government said Wednesday, a rare glimmer of good news for a nation struggling in a double-dip recession. Spain, with the eurozone's fourth-biggest economy, posted a deficit of 1.642 billion euros ($2.196 billion) in April compared to a deficit of 3.355 ...

Select copper declines on global cues tin nickel recover

Wed, 19 Jun 2013 08:25:31 -0400

tin and lead prices recovered due to fresh offtake from alloy and consumer industries. The industrial metals were trading lower at the LME as investors looked to ...

Copper futures fall 0.10 per cent on weak global cues

Wed, 19 Jun 2013 08:25:29 -0400

Multi Commodity Exchange , copper for delivery in August shed 40 paise, or 0.10 per cent, to Rs 409.80 per kg in business turnover of 102 lots. Similarly, the metal for delivery in June traded lower by 70 paise, or 0.07 per cent, to Rs 409.80 per kg in 1,928 lots. Analysts ...

U.N. World has alarming number of refugees displaced people

Wed, 19 Jun 2013 08:21:00 -0400

The crisis in Syria exacerbated the plight of refugees or displaced persons, pushing displacements to an 18-year high, a U.N. refugee agency said. The U.N. High Commissioner for Human Rights' annual Global Trends report, released Wednesday, showed that, as of the end of 2012, more than 45.2 million people were forcibly displaced compared to 42.5 million at the end of 2011. The information ...

World Bank sounds climate alarm

Wed, 19 Jun 2013 08:20:52 -0400

The consequences of global warming trends could trap millions of people from Asia to Africa in poverty, a World Bank report published Wednesday said. A report prepared for the World Bank by the Potsdam Institute for Climate Impact Research and Climate Analytics said vulnerable populations face a bleak future because of the prospects for higher average global temperatures. "This new report ...

Uganda churches make big business of aid

Wed, 19 Jun 2013 08:17:03 -0400

In Uganda, church communities may get access to major development aid funds. A new study shows that many church leaders abuse these funds and start neglecting religious ...

Improved outlook for Gabon economy

Wed, 19 Jun 2013 08:17:01 -0400

GDP growth in Gabon 2003 to 2013 (blue line) is dependent on non-oil sector growth (red) as oil revenues (green) decline. This pessimistic 2009 forecast has now been adjusted ...

Japan leads at mens World Gymnastics Cships

Wed, 19 Jun 2013 08:16:32 -0400

ANAHEIM, Calif. (AP) -- Russia's Evgeni Krylov fell on his opening tumbling pass and was injured at the World Gymnastics Championships, putting the perennial powerhouse's medal hopes in question. It wasn't immediately clear what Krylov's injury was or whether he'd be able to continue. He was unable to put any weight on his left foot and had to crawl off the podium. ...

Notebook American men set lineup for World Championships

Wed, 19 Jun 2013 08:16:32 -0400

ANAHEIM, Calif. (AP) -- The American men finalized their lineup for Sunday's preliminary competition in the World Gymnastics Championships. National champion Paul Hamm, two-time Olympian Blaine Wilson and Jason Gatson will compete in all six events. Raj Bhavsar will only compete on parallel bars -- his favorite event -- because a back injury he sustained in March has flared up. ...

Shell Oil Presses Supreme Court to Deprive Torture Victims of Justice

Wed, 19 Jun 2013 08:15:04 -0400

Bashe Yousuf, a torture victim from Somalia, was among plaintiffs who won a $21 million lawsuit against his Somali torturer in Federal Court. WASHINGTON-Will victims of distant genocides and crimes against humanity be allowed to continue using U. S. courts to seek justice against their persecutors, as well as the individuals and corporations that helped facilitate human rights violations across ...

Companies strongly support the European Offshore Wind Declaration

Wed, 19 Jun 2013 08:14:16 -0400

More than 140 company representatives in 38 countries have signed the European Offshore Wind Declaration, calling on national governments and the EU to give the necessary political and legislative support to develop a new multi-billion Euro offshore wind industry, according to statistics from the European Wind Energy Association.Offshore wind energy has the potential to power Europe seven times ...

Microsoft office goes cloud to join cloud war with Google Docs

Wed, 19 Jun 2013 08:14:07 -0400

The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office faces ...

GLOBAL MARKETS- Shares firm dollar steady before Fed decision

Wed, 19 Jun 2013 08:09:13 -0400

Wed Jun 19, 2013 8:09am EDT * World shares firmer in nervous trade before Fed statement * Dollar steadies against major currencies, weaker vs yen * Oil holds around $106 a barrel; gold, copper little changed * German Bunds rangebound, 10-year auction goes smoothly By Richard Hubbard LONDON, June 19 (Reuters) - World shares edged higher while major currencies and commodities stayed within recent ...

World in Pictures June 19 2013 The Wanted in London and Madonna in New York

Wed, 19 Jun 2013 07:53:19 -0400

TODAY'S World in Pictures features photographs of Nathan Sykes, Tom Parker, Jay McGuiness, Max George and Siva Kaneswaran at the premiere of their reality E! TV series Wanted Life in London and Madonna at the world premiere of 'Madonna: The MDNA Tour' at the Paris Theatre in New ...

Ryanair CEO says working on Boeing 737 MAX order

Wed, 19 Jun 2013 07:51:53 -0400

Reuters © A model airplane rests on a table during an announcement of the commitment for Ryanair to purchase aircraft from Boeing, in New York March 19, 2013. REUTERS/Lucas ...

World War Z scary and sobering

Wed, 19 Jun 2013 07:51:45 -0400

, Gerry travels to South Korea then Israel and Wales in the hope of finding a cure. The director Marc Forster visualises social collapse on a grand scale and it largely pays off. Purists may be offended by the zombies' breakneck speeds, but this detour from the norm allows for some startling scenes - not least when the creatures form a pyramid to scale Jerusalem's walls. Both scary and ...

Local access prices vary widely – even among major business centres

Wed, 19 Jun 2013 07:50:51 -0400

Local access circuits, which connect a customer's building to its service provider's local network point of presence (PoP), are a key factor in the total cost of enterprise communications networks, often costing more than network ports or international circuits. New data from TeleGeography’s Local Access Pricing Service reveal that the price of local access varies enormously in ...

E.U. Fines Drug Companies for Delaying Generics

Wed, 19 Jun 2013 07:49:05 -0400

BRUSSELS ...

Sunday Business Post to exit examinership

Wed, 19 Jun 2013 07:48:40 -0400

The Sunday Business Post is to exit examinership after the Commercial Court approved a survival plan for the newspaper. Post Publications is to receive a cash injection through a loan and equity investment totalling €750,000 from Brindisi Limited. The court was told the newspaper, which employs 74 people, has a reasonable prospect of survival. Nine jobs have been shed and remaining staff ...

Green Column How Reliance on Trees Can Help Forests

Wed, 19 Jun 2013 07:46:49 -0400

A huge number of trees are cut down to feed the company's needs. Every year, Tetra Pak's paper suppliers need to harvest the equivalent of a million hectares, or almost 2.5 million acres, of forest -- an area about the size of ...

Atul Singh Coca-Colas new deputy president Pacific Group

Wed, 19 Jun 2013 07:46:24 -0400

New Delhi, June 19 : Atul Singh, Coca-Cola's president and CEO (India and Southwest Asia), will take over as deputy president (Pacific Group) from July 1, the company said ...

Climate change will increase poverty says World Bank

Wed, 19 Jun 2013 07:46:20 -0400

A new scientific report from the World Bank paints a dire future for those trapped in poverty, if climate change predictions are correct, the consequences will be terrifying. "This new report outlines an alarming scenario for the days and years ahead - what we could face in our lifetime," said World Bank Group President Jim Yong Kim. "The scientists tell us that if the world ...

Mining in Siberian coal region suspended after quake

Wed, 19 Jun 2013 07:45:36 -0400

A regional governor called a temporary halt to underground mining in Russia's coal-producing heartland after a moderate earthquake on Wednesday, although some firms said they had resumed work after safety ...

CORRECTED-AIRSHOW-Boeing says Oman Air orders five 737-900ER jets

Wed, 19 Jun 2013 07:43:06 -0400

Wed Jun 19, 2013 7:43am EDT (Adds dropped word "million" in first paragraph) PARIS, June 19 (Reuters) - Boeing said on Wednesday it had won a firm order from Oman Air for five 737-900ER planes valued at $473 million at list prices. The order was previously logged as being from an unidentified customer. It marks the first order for a 787-900ER from a Gulf customer. Oman Air now has six ...

Peppa Pig Worlds Facebook page hacked

Wed, 19 Jun 2013 07:42:18 -0400

The Facebook page for Peppa Pig World , a visitor attraction based on the hit children's television show, has been filled with spam emails, random links and pictures, sparking angry comments from upset adults.One of them, Morgan-Leigh Cummings, wrote: "If you're posting pics like this why don't you make your own page and update as many piccys as you want, instead ...

New plant doubles Fords engine capacity in China

Wed, 19 Jun 2013 07:42:08 -0400

Global car manufacturing giant Ford Motor Company has more than doubled its engine production capacity in China with a new plant in the southwestern Chongqing Municipality that went into operation on Wednesday.The new engine plant run by Changan Ford Mazda Automobile Co., Ltd. (CFMA), Ford's China joint venture, has an annual production capacity of 400,000 units, said Alan Mulally, Ford ...

How Loyalty 3.0 Makes Positive Psychology Work for Business

Wed, 19 Jun 2013 07:41:42 -0400

Happiness Advantage ) and others takes a different perspective from the prevailing pathology-focused practice of medicine. Instead of focusing on fixing people who are sick, in other words below the norm in some way, positive psychologists focus on people who are above the norm and ask: Why are these people doing so well? It turns out that happy people perform much better, have less stress, are ...

Microsoft Samsung HP join to stop Windows piracy

Wed, 19 Jun 2013 07:39:24 -0400

IDG News Service - Hewlett-Packard and Samsung Electronics will now ensure that their PCs in China are installed with licensed Windows and Office software as part of new agreements signed with Microsoft meant to fight ...

Internet balloons to benefit small business—Google

Wed, 19 Jun 2013 07:35:41 -0400

In this March 1, 2013 photo released by Google, a fully inflated test balloon sits in a hangar at Moffett Field airfield, Calif. Google is testing the balloons which sail in the stratosphere and beam the Internet to Earth. AP/Google, Andrea ...

Global Markets Europe Higher in Choppy Trade

Wed, 19 Jun 2013 07:33:47 -0400

CNBC's Ross Westgate reports on all the market moving events from Europe, as investors await the Fed's policy statement following its two-day ...

John Studzinski The banker marrying business and the arts

Wed, 19 Jun 2013 07:29:08 -0400

Nick Clark is the arts correspondent of The Independent. He joined the newspaper in June 2007, initially reporting on the stock markets. He has covered beats including the City, and technology, media and telecoms and made the switch to arts in December 2011. He has also contributed articles to the sports ...

Boeing finalized largest ever 156 billion Dollar order from European airline

Wed, 19 Jun 2013 07:21:01 -0400

Ryanair today finalized a firm order for 175 Next-Generation 737-800 airplanes valued at $15.6 billion at list prices. The order, originally announced as a commitment in March, is B v At a signing ceremony today at the 2013 Paris Air Show, Michael O'Leary, president and CEO of Ryanair, joined Ray Conner, Boeing Commercial Airplanes president and CEO, to finalize the historic deal. ...

STOCKS NEWS EUROPE-Micro Focus hits record high on earnings beat

Wed, 19 Jun 2013 07:13:50 -0400

* FY underlying pretax profit 26.4 mln euros, down 66 pct* Dividend maintained at 3.5 cents* Says confident of improved earnings in medium termBy James DaveyLONDON, June 19 (Reuters) - Darty, Europe's No. ...

New Magneti Marelli Plant in Tennessee for Automotive Lighting Production

Wed, 19 Jun 2013 07:10:25 -0400

A new Magneti Marelli Automotive Lighting plant for the production of headlamps and rear lights was inaugurated yesterday in Pulaski, Tenn. This is the first lighting production plant in the United States, further strengthening an already established presence in the NAFTA region, which includes plants in Ciudad Juárez and Tepotzotlán, Mexico, and the R&D Center in Auburn Hills, ...

New Report Analyzes Global Market for Thermoplastic Elastomers

Wed, 19 Jun 2013 07:10:22 -0400

Research and Markets has announced the addition of the "Thermoplastic Elastomers Market By Types (SBC, TPO, TPV, TPU, COPE, PEBA), Applications & Geography Trends & Forecasts To 2018" report to their ...

Circular economy investment up

Wed, 19 Jun 2013 07:07:24 -0400

Workers lay solar panels on a roof at Nanjing South Railway Station. China is giving attention to reducing energy consumption in industrial production. Dong Jinlin / for China DailyThe Chinese government will double its investment in the circular economy this year to 2 billion yuan ($300 million) to support the national policies of energy conservation and emission reduction, a senior official ...

Chinas economy on track for gradual slowdown in H2 as govt reiterates policy stance

Wed, 19 Jun 2013 07:07:23 -0400

China's economy is expected to head toward a gradual slowdown in the second half of this year, as the central government has stated that it will retain its current mix of tightened economic policies.Top officials from the Political Bureau of the CPC Central Committee agreed at a Friday meeting that the country will stick to its proactive fiscal policies in the second half of this year, with ...

Danieli to get boost from changes in industry structure

Wed, 19 Jun 2013 07:07:13 -0400

A low-emission production facility for steel wire in Dalian, Liaoning province. According to analysts, the government's drive for industry consolidation by moving from inland to coastal areas provides opportunities for equipment suppliers. Liu Debin / For China DailyDanieli &C Officine Meccaniche SpA, one of the world's leading equipment suppliers for the metals industry, said it ...

Small firms set for relief from finance crunch

Wed, 19 Jun 2013 07:07:12 -0400

Small enterprises that have been facing capital shortages might get relief soon, if State-owned banks ease lending policies for such businesses, Hu Xiaoming, vice-president at Alibaba Group, said. Hu made the remarks on Wednesday in Beijing as Alibaba (China) Co Ltd and the National School of Development at Peking University jointly issued a report on small firms' management and financial ...

Video Corporate Asia perks up but for how long

Wed, 19 Jun 2013 06:44:50 -0400

The latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows firms growing more optimistic. But with China looking shaky and costs set to rise, the celebrations may be ...

Average earnings up 0.5 in 2012

Wed, 19 Jun 2013 06:42:21 -0400

Average annual earnings for Irish workers rose by 0.5% last year to €36,079. Earnings were up in 9 of the 13 sectors covered by the CSO statistics for 2012. The sector which showed the biggest increase was "professional, scientific and technical" where average earnings rose 5.2% to just under ...

Dept of Finance sets out stall on Budget 2014

Wed, 19 Jun 2013 06:42:19 -0400

The Department of Finance is sending the first document setting out the parameters of Budget 2014 to other Government departments today, Minister for Finance Michael Noonan has said. He said this would be the first step in discussions with Cabinet colleagues about the Budget. However, he would not be drawn on suggestions by Minister for Social Protection Joan Burton that Family Income ...

People Around the World Oppose Arming Syrian “Rebels”

Wed, 19 Jun 2013 06:42:03 -0400

Opposition in the Pew poll is actually higher than ever before in the two-year-old civil war. And that's even as much of the poll was conducted after the White House announced Thursday that the Syrian government had crossed the "red line" and used chemical ...

Club Of Rome Founder Proposed “Global Matrix” Of Manufactured Consent

Wed, 19 Jun 2013 06:42:02 -0400

unearthed documents from the private collection of former diplomat and Bilderberg regular George C. McGhee have revealed (among other things) that the Club of Rome in 1970 wanted to create a "global matrix approach", or G-Matrix approach, as a means of bringing people into an enviro-eugenicist mindset globally. The Club of Rome was an influential think tank, advocating among other ...

Farewell Bernanke – Thanks For Inflating The Biggest Bond Bubble The World Has Ever Seen

Wed, 19 Jun 2013 06:42:02 -0400

Economic Collapse June 19, 2013 Federal Reserve Chairman Ben Bernanke is on the way out the door, but the consequences of the bond bubble that he has helped to create will stay with us for a very, very long time. During Bernanke’s tenure, interest rates on U.S. Treasuries have fallen to record lows. This has enabled the U.S. government to pile up an extraordinary amount of debt. During ...

Brazil trade looks to score from the World Cup

Wed, 19 Jun 2013 06:39:59 -0400

Brazil is using football, one of its greatest passions to boost trade between the South American nation and Europe. The 2014 World Cup takes place in Brazil next June and July, a few weeks after the European elections and the nation is looking to use the sport to increase trade and investment. As Latin America's top economy, Brazil is also the worlds sixth largest and the fifth largest ...

UN marks East Rennell region in world heritage in danger list

Wed, 19 Jun 2013 06:39:58 -0400

New York, June 19 : The East Rennell area in the Solomon Islands was inscribed Tuesday on the United Nations Scientific, Cultural, and Educational Organization's (UNESCO) list of endangered sites due to logging that is affecting the island's ...

Russian foreign companies to sign important agreements within SPIEF

Wed, 19 Jun 2013 06:37:33 -0400

MOSCOW, June 19 (Itar-Tass) - Russian and foreign companies will sign several important agreements during the St Petersburg International Economic Forum (SPIEF) due to open in the Northern Capital on June 20, the SPIEF website reports on Wednesday. Ust-Luga Company and the ICT Group will sign an agreement on cooperation within carrying out a project to create an industrial zone on the area ...

World War Z review Brad Pitts zombie action flick is surprisingly infectious

Wed, 19 Jun 2013 06:36:36 -0400

In this Doomsday blockbuster zombies are taking over the world, and they're not the slow-shuffle kind, either - these flesh-chompers move like lightning in their pursuit of a ...

Qatar World Cup winter tournament under debate – video

Wed, 19 Jun 2013 06:36:01 -0400

Secretary general of the Qatar 2022 supreme committee Hassan al Thawadi says in Brazil that the World Cup could be hosted at 'whatever time' as the debate regarding the scheduling for the global event rumbles on. Summer temperatures in Qatar are often around 40 degrees Celsius, which would take a toll on most players. Many European clubs are opposed to a winter World Cup due to ...

Foreign direct investment in Arab world surges by 10 to $47.1b in 2012

Wed, 19 Jun 2013 06:31:29 -0400

The UAE ranked second and its inflow rose 25 per cent to $9.6 billion Foreign direct investment, or FDI, into Arab world rose by nearly 10 per cent in 2012 led by Saudi Arabia and the UAE, according to a latest report.Last year, Arab countries attracted FDI worth $47.1 billion despite political uncertainty in some of them compared to $42.9 billion in the previous year, the Arab Investment and ...

Emeraging markets contribution to world GDP set to grow to 70 by 2030

Wed, 19 Jun 2013 06:31:24 -0400

Citibank CEO of Citi - Middle East division spoke to LSE graduates about Dubai's increasing "global attractiveness to investors, corporations and talent."Globalisation, urbanisation and digitisation are the key trends shaping the future of Dubai as it develops into a global city, according to Atiq ur Rehman, CEO Citi - Middle East division.Speaking to an audience of over 100 ...

World Bank warns Poorest will feel brunt of climate change

Wed, 19 Jun 2013 06:27:19 -0400

In a report released today, the international lending institution warned that heat waves, rising seas, more severe storms and other impacts of climate change will trap millions in poverty."Urgent action is needed to not only reduce greenhouse gas emissions, but also to help countries prepare for aworldof dramatic climate change and weather extremes,"WorldBankPresident Jim Yong Kim said ...

Business majors most likely to be underemployed report finds

Wed, 19 Jun 2013 06:27:09 -0400

While underemployment is an issue facing many graduates, those who major in business administration and management, criminal justice, drama, English and psychology, are more likely to work in jobs they are overqualified for, according to a report released Tuesday by career web site ...

Steep fall in demand for engineers in IT industry

Wed, 19 Jun 2013 06:23:02 -0400

These are hard times for engineering graduates. In happier days, they saw their seniors in college being mopped by India's $100 billion IT industry at fancy salaries. But they are unlikely to have the same career trajectory. There are indications that salaries, from now on, will be more modest and many fresh engineers will be lucky to find employment.Seats in engineering colleges have risen ...

India JNPT DP World to Build New Container Terminal in Navi Mumbai

Wed, 19 Jun 2013 06:16:03 -0400

JNPT has signed a concession agreement with Nhava Sheva Gateway Terminal, a subsidiary of DP World of Dubai, for the development of standalone container handling facility at JN Port, Navi Mumbai, ...

JAL starts compensation talks with Boeing over 787

Wed, 19 Jun 2013 06:13:44 -0400

Raising concerns over HCC's move, activists and proxy advisory firms have asked the company shareholders to oppose the board's remuneration proposal for ...

Edible oils slide on sluggish demand global cues

Wed, 19 Jun 2013 06:13:36 -0400

NEW DELHI: Select edible oil prices fell by Rs 50 per quintal on the wholesale oils and oilseeds market today owing to slackened demand at prevailing higher levels amid a weak global trend. However, non-edible oils continued to trade at previous levels in restricted activity. Traders said slackened demand at prevailing higher levels amid a weak global trend on speculation that a rally to the ...

AIRSHOW-Ryanair finalises $15.6 bln order for Boeing 737-800s

Wed, 19 Jun 2013 05:40:14 -0400

PARIS, June 19 | Wed Jun 19, 2013 5:40am EDT PARIS, June 19 (Reuters) - Ryanair finalised an order for 175 Boeing 737-800 aircraft worth around $15.6 billion at list prices at the Paris Airshow on Wednesday. The Irish budget airline made a provisional order in March for the ...

World North Korea condemns Hitler report

Wed, 19 Jun 2013 05:38:47 -0400

Hitler managed to rebuild Germany in a short time following its defeat in WWI, Kim Jong-un issued an order for the Third Reich to be studied in depth and asked that practical applications be drawn from it," the source reportedly ...

World markets mostly down as investors eye Fed

Wed, 19 Jun 2013 05:38:19 -0400

A worker stretches on a chair during a morning trading at the Tokyo Stock Exchange in Tokyo Monday, June 17, 2013. Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program. Tokyo's Nikkei 225, the regional heavyweight, jumped 2.2 percent to 12,960.81, extending Friday's 2.4 percent gain. (AP Photo/Koji ...

Disney World Raises Entrance Price For Magic Kingdom

Wed, 19 Jun 2013 05:35:38 -0400

Disney is trying something new. It's charging a higher admission price for the Magic Kingdom than its other theme parks in Orlando. A one-day pass to the Magic Kingdom now costs $95 -- compared to $90 for Epcot, Animal Kingdom or Hollywood ...

Survey African Americans Fearful Of U.S. Economy

Wed, 19 Jun 2013 05:35:36 -0400

And now another chapter in our series on African-American lives. NPR conducted a poll of African Americans with the Robert Wood Johnson Foundation and the Harvard School of Public Health. The survey found optimism but many respondents expressed fears about the ...

Benefits of financial stability still not felt in ‘real economy’

Wed, 19 Jun 2013 05:35:26 -0400

The risk of the collapse of the single currency has "disappeared" according to the EU's economics commissioner. However, he warned that benefits to the real economy were still some time off, despite some signs of recovery. Speaking at the Brussels Economic Forum on 19 June, Olli Rehn said that the fear expressed last year that the euro would "disintegrate" were no longer ...

UN honours radio programmes that address global issues

Wed, 19 Jun 2013 05:35:20 -0400

New York, June 19 : A message of hope from a boy on the war-torn streets of Kabul, a profile of Danish efforts to help the elderly live the way they choose and an investigative story on the cruel reality of human trafficking are the winners of this year's awards for outstanding radio programming presented by the United Nations as part of the 2013 New York Festivals ...

World champion returns home

Wed, 19 Jun 2013 05:34:07 -0400

See your ad here JACOB Willcox has returned triumphant from Nicar agua after being named the U16 world surfing champion.The 15-year-old local competed in the 2013 Dakine World Junior Surfing Championship and in the finals took on Leonardo Fioravanti of Italy, Jake Marshall of the US and Reo Inaba of Japan.He beat them all with a score of 14.90 and some impressive man oeu vres. "Glad I could ...

The Genting Group planning art exhibits and dragon dancers — and thats before Resorts World even opens

Wed, 19 Jun 2013 05:33:51 -0400

More gaming news In a 24-hour town where nonstop action on the Strip dictates the pace of business, most resort operators don't spend much time trying to draw vacationers to unopened properties. But that's exactly what the Genting Group plans to do. Hoping to transform an eyesore into a marketing campaign, the Malaysian gaming giant has proposed building exhibits along Las Vegas ...

City of Knoxville offers annual Business Breakfast

Wed, 19 Jun 2013 05:33:18 -0400

Business owners interested in bidding on contracts worth millions of dollars with the city of Knoxville are invited to the city's annual Business Breakfast, to be offered at 7:30 a.m. Thursday, June 27, at the Knoxville Civic ...

Finance Ministry’s purchase of currency not to affect rouble rate

Wed, 19 Jun 2013 05:32:32 -0400

MOSCOW, June 19 (Itar-Tass) - Russian Finance Ministry’s purchase of currency on the market will not affect the rouble exchange rate, the head of the Central Bank of Russia, Sergei Ignatyev, told a State Duma meeting on Wednesday. "We prepared new rules for currency interventions. To supplement the Reserve Fund, the Finance Ministry will buy currency at the Central Bank, while the ...

2 killed 16 wounded in shell explosion in Egypts Assiut

Wed, 19 Jun 2013 05:30:28 -0400

Two people, including an army recruit, were killed and 16 others wounded Tuesday after a shell hit a military unit in the Upper Egyptian governorate of Assiut, the state-run Al-Ahram Online reported.A soldier and a civil servant were killed, Assiut Security Chief, Maj. Gen. Abul Qassim Abu Daif said.He added that the wounded have been sent to ...

Open cell business model is a threat to BLU makers says Radiant chairman

Wed, 19 Jun 2013 05:28:58 -0400

The growing adoption of the open cell business model in the LCD panel industry has generated different views on the future of the backlight unit (BLU) sector, said Wang Pen-Jan, chairman of Taiwan-based BLU maker Radiant Opto-Electronics. Panel makers have been shipping more open cells to TV makers and therefore have been reducing their procurement of BLUs. This means BLU makers has less control ...

Chin-Poon expanding share in global automobile board market

Wed, 19 Jun 2013 05:28:56 -0400

PCB maker Chin-Poon Industrial is expected to further expand its share in the global automobile board market thanks to increasing purchases from Japan-based automakers, according to company president Vincent ...

Dubai chosen for global launch of new BlackBerry Q5

Wed, 19 Jun 2013 05:26:26 -0400

The launch of the Q5 will take place at the opening of the first BlackBerry Retail Concept Store, which will open on Thursday at 5pm local time and is part of Canada-based RIM's plans to offset falling US ...

Boeing Dreamliner jet diverted over new concerns

Wed, 19 Jun 2013 05:26:25 -0400

A United Airlines 787 Dreamliner aircraft enroute to Tokyo from Denver made a diversion to Seattle after concerns of a problem with an oil filter, creating further headaches for US manufacturer Boeing and just eight weeks after the aircraft returned to service in the Gulf after being grounded for three ...

Flydubai set to launch business class cabins

Wed, 19 Jun 2013 05:26:23 -0400

The airline will receive delivery of the first aircraft with a business class cabin in August. All new aircraft subsequently delivered will include business and economy ...

Small global warming rise would have alarming impact - World Bank

Wed, 19 Jun 2013 05:24:48 -0400

WASHINGTON (Reuters) - Much of Bangkok could flood within the next two decades if global warming stays on its current trajectory, as sea levels rise and cyclones intensify, the World Bank said in a new report on Wednesday. The flooding of 40 percent of the Thai capital was just one of dozens of negative effects the Washington-based World Bank warned would happen if the world grew warmer by just 2 ...

Saudi Tycoon Eyes Moscow as Site for World’s Tallest Building

Wed, 19 Jun 2013 05:22:14 -0400

tallest building by far, Russian Vesti FM radio reported, quoting UAE media. The prince is also considering Shanghai, London and New York as possible locations for the 1600-meter (5,280 feet) skyscraper but the countries interested in hosting the world’s tallest tower would need to offer attractive financing terms, tax breaks and other government support, Alwaleed said, Arabian Business ...

Worlds displaced people at 18-year high of 45.2 million

Wed, 19 Jun 2013 05:20:47 -0400

A Syrian refugee is shown at a camp in Jordon last year. By the end of 2012, the world had 15.4 million refugees, 937,000 asylum seekers and 28.8 million people who had been forced to flee within the borders of their own countries. (Muhammad ...

Its a dogs world

Wed, 19 Jun 2013 05:20:07 -0400

MAN'S BEST FRIEND IS EXCLUDED FROM FEW PLACES - THE WORKPLACE TYPICALLY BEING ONE OF THEM.But moves are afoot (or should we say apaw?) to change that. Launched in the United Kingdom in 1996, followed by the U.S. in 1999, Take Your Dog to Work Day is designed to raise awareness about pet adoption, rescue groups and the role dogs play in our lives. Several studies suggest having pets at work ...

Dreamliner Diverted In Latest Boeing Setback

Wed, 19 Jun 2013 05:19:36 -0400

A Boeing 787 Dreamliner has landed safely after being diverted when pilots were made aware of a potential oil filter problem. In the latest of a series of setbacks for the new model, United Airlines said a Dreamliner on its way to Tokyo from Denver was forced to land in Seattle as a precaution. The planes were only recently returned to the skies after regulators grounded them worldwide due ...

AUDUSD Trading the Chinese Flash Manufacturing PMI

Wed, 19 Jun 2013 05:12:49 -0400

Chinese Flash Manufacturing PMI (Purchasing Managers' Index) is based on a survey of purchasing managers in the manufacturing sector. Respondents are surveyed for their view of the economy and business conditions in China. A reading which is higher than the market forecast is bullish for the Australian ...

S.Korea media blame Iran for angry World Cup scenes

Wed, 19 Jun 2013 05:12:40 -0400

Iran players celebrate victory over South Korea in a World Cup qualifier in Ulsan, Korea, on Tuesday. South Korean media blamed Iran Wednesday for angry scenes at a tense World Cup qualifier which ended with fans pelting debris on to the pitch and the visiting coach under fire for a rude ...

Global Gold Demand Reinforced by Asian Consumers

Wed, 19 Jun 2013 05:11:09 -0400

Gold Council published a market update recently, which examines the effect of the recent fall in the gold price.The report also provides new consumer perspectives in India and China on gold price expectations and future purchasing ...

Business Manager - Worldwide Advertising Agency - $65 - 75k

Wed, 19 Jun 2013 05:10:45 -0400

Our client is a leading and an award winning advertising agency. They are well known for being one of the best and joining this agency would be a brilliant opportunity for ...

EADS sticks to defence business mulls options CEO

Wed, 19 Jun 2013 05:08:56 -0400

smartphone is an invaluable tool for the connected foodie. Great deals, recipes, recommendations, restaurant ratings, reservations & home delivery options are just an app ...

Lampard targets third World Cup

Wed, 19 Jun 2013 05:05:42 -0400

Chelsea midfielder Frank Lampard has set his sights on representing England at a third FIFA World Cup. Lampard saw his contract extended at Chelsea after a stellar 2012-13 campaign, in which he scored 17 goals in 50 matches in all competitions. The 34-year-old has won 97 caps for England and has targeted a place in Roy Hodgson's squad in Brazil - if they qualify - which could be the final ...

UPDATE 1-Finlands economy set to shrink as exporters struggle

Wed, 19 Jun 2013 05:01:02 -0400

Wed Jun 19, 2013 5:01am EDT By Ritsuko Ando and Jussi Rosendahl HELSINKI, June 19 (Reuters) - Finland on Wednesday slashed the outlook for its economy, predicting it will shrink for the year, raising doubts about its reputation as one of the euro zone's healthiest economies. The forecast added to concerns that traditional industries such as paper were losing global competitiveness. The ...

UAEs oil and gas industry strengthens national economy.

Wed, 19 Jun 2013 04:59:05 -0400

WAM ABU DHABI, June 19th, 2013 (WAM): The UAE planned to increase its crude oil production capacity to 3.5 million barrels per day (bpd) by 2017 to contribute to the stability of global markets and to ensure long-term obligations with consumers, as world oil demand is expected by the national oil industry leaders to increase to 105 million bpd by 2030 and even up to 112 million bpd according to ...

Leasing firm CIT orders 30 Boeing planes in $3bn deal

Wed, 19 Jun 2013 04:35:46 -0400

LE BOURGET, France (AFP) - Boeing said on Wednesday that US plane leasing firm CIT Aerospace had ordered 30 of its new, medium-haul 737 MAX aircraft in a deal worth $3 billion (2.2 billion euros) at catalogue prices.The planes are due to enter into service from 2019, Jeff Knittel, head of CIT's transportation finance division, told reporters at the Paris Air Show, the world's ...

World Bank highlights climate-poverty link

Wed, 19 Jun 2013 04:33:18 -0400

STOCKHOLM -; The World Bank says it will increasingly view its efforts to help developing countries fight poverty through a "climate ...

Boeing wins order for 30 new-generation 737 jets

Wed, 19 Jun 2013 04:33:18 -0400

LE BOURGET, France -; Boeing Co. says it is selling 30 of its new generation 737-MAX 8 jets, extending the popularity of the fuel-efficient short-haul aircraft at the Paris Air ...

Eyes of world focus on a new peaceful Ulster

Wed, 19 Jun 2013 04:30:56 -0400

It would be hard to overstate the significance of the last 48 hours for the Province. The G8 is the biggest global event to have been held in Northern Ireland since the state's creation almost a century ago.Never before have so many giants of the world stage been in Ulster at the same time.Not only were the leaders of the eight major western nations at Lough Erne, so too was President Jose ...

Nobody seriously injured in shell explosions at military depot in Samara region

Wed, 19 Jun 2013 04:28:05 -0400

MOSCOW, June 19 (Itar-Tass) - Nobody was gravely injured as a result of shell explosions at the Samara munitions testing range, Vice Governor of the Samara Region, Alexander Nefedov, said on Wednesday. "Thirty-three people sought medical assistance. There are no serious injuries," he said during a video link at a session of the working group of the government commission for emergency ...

Putin gives instructions to help injured in shell explosions consider material aid

Wed, 19 Jun 2013 04:28:00 -0400

MOSCOW, June 19 (Itar-Tass) - Russian President Vladimir Putin had a telephone conference on Monday, listening to reports by the Samara region governor, the emergencies minister, the defense minister and the healthcare minister on the situation around the city of Chapayevsk, where shells exploded at a testing range, Putin’s spokesman Dmitry Peskov has said. According to him, "the ...

Nakheel says more The World projects set to launch

Wed, 19 Jun 2013 04:24:08 -0400

Several owners of islands bought on The World project off Dubai's coast are dusting off plans to launch projects, according to master developer ...

HM Earnings Drop More Than Expected

Wed, 19 Jun 2013 04:23:52 -0400

H&M , the world's second-largest fashion retailer, posted a bigger than expected drop in second-quarter earnings, hit by still sluggish consumer morale and bad weather in its main European market. The Swedish company said it was entering the third quarter with higher inventories than planned and the situation remained challenging in many of its major markets, but sales had got off to a ...

DP World extends maturity date on $1bn loan

Wed, 19 Jun 2013 04:22:07 -0400

DP World, the world's third-largest port operator, said on Wednesday that it has extended the maturity date on a $1bn revolving credit facility for an additional year as it secured attractive market ...

AIRSHOW-Boeing says 737 MAX to enter service in Q3 2017

Wed, 19 Jun 2013 04:21:54 -0400

PARIS, June 19 | Wed Jun 19, 2013 4:21am EDT PARIS, June 19 (Reuters) - Boeing's upgraded and re-engined version of its 737 aircraft will come into service in the third quarter of 2017, around six months earlier than scheduled, a company executive said at the Paris Airshow. This helps the 737 MAX close the gap with its main rival - the upgraded Airbus 320neo due to enter service in ...

HM sales earnings slump

Wed, 19 Jun 2013 04:12:41 -0400

(20 mins ago) Swedish fashion retailer Hennes & Mauritz, which has stores in Hong Kong, says profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns of its products. The company said net profit for the March-May period dropped to 4.66 billion kronor (US$720 million) from 5.22 billion a year earlier. Sales for the quarter slipped marginally to ...

Google claims balloons to link small business

Wed, 19 Jun 2013 04:12:37 -0400

(1 hr ago) Google's plans to beam the internet from giant balloons sent to the stratosphere could boost small businesses in rural parts of Asia by connecting them online, the company said today. Karim Temsamani, Google's head of Asia Pacific, said in a speech at the Communicasia conference in Singapore, the balloons might also facilitate communication during disasters. Google last ...

Big Lie America Doesnt Have 1 Richest Middle-Class in the World...Were Ranked 27th

Wed, 19 Jun 2013 04:06:14 -0400

America is the richest country on Earth. We have the most millionaires, the most billionaires--and a increasingly poor "middle ...

Nickel futures down on global trends subdued spot demand

Wed, 19 Jun 2013 04:04:41 -0400

In Mumbai, rentals in sea-facing Haveli on Malabar Hill, NCPA Apts at Nariman Point and Maker Towers at Cuffe Parade, where rentals range between Rs 5.5 lakh and Rs 12 lakh a month, are down ...

Congo-Kinshasa Chinese Mining Industry Contributes to Abuses in Democratic Republic of the Congo

Wed, 19 Jun 2013 04:02:52 -0400

Chinese mining companies operating in the Democratic Republic of the Congo (DRC) need to do more to prevent their operations from leading to human rights abuses, Amnesty International warned today in a new report. Profits and Loss: Mining and human rights in Katanga, examines the impact of the mining industry in south-eastern DRC. The report documents a number of serious abuses involving local ...

Zimbabwe MDC-T Legislators Disrupt Business

Wed, 19 Jun 2013 04:02:52 -0400

MDC-T legislators today temporarily disrupted parliamentary business in the House of Assembly protesting against a decision by the three political parties represented in parliament to indefinitely suspend portfolio committee business from this Friday. Parliament's life comes to an end on Saturday next week at a time most committees have run out of business. Chief whips from Zanu-PF (Cde ...

Brazil braces for more anti-government protests

Wed, 19 Jun 2013 03:59:53 -0400

Brazil braced for a new round of anti-government protests Wednesday after a violent night of looting and vandalism in Sao Paulo that led to at least 30 arrests. An estimated 50,000 people flooded the city's central Cathedral Square for the second night running, marching through streets and waving banners carrying slogans such as, "The people have awakened." One group tried to ...

Obama to Promote Nuclear-Free World in Berlin Speech

Wed, 19 Jun 2013 03:33:37 -0400

U.S. President Barack Obama is set to lay out his vision for advancing toward a world free of nuclear weapons during a speech Wednesday at the historic Brandenburg Gate in Berlin. A senior administration official says Mr. Obama will propose the United States and Russia cut their number of strategic nuclear warheads by up to one third below the level agreed to in a 2009 treaty. That pact, ...

The Cayan Tower Dubai builds worlds tallest 310-metre 75-storey twisted tower

Wed, 19 Jun 2013 03:33:25 -0400

Dubai, home to Earth’s three tallest buildings, witnessed the opening of the world’s highest twisted tower late on Monday. Cayan Real Estate Investment and Development Company inaugurated the Dh1 billion Cayan Tower, formerly named Infinity. Located in Dubai Marina and close to the world’s tallest residential building, the 414-metre Princess Tower, the skyscraper with a ...

Economy set for above trend growth data

Wed, 19 Jun 2013 03:29:44 -0400

New data suggests the Australian economy will be growing at an above trend pace heading into 2014, building on its outperformance of leading economies.Federal Treasurer Wayne Swan used a gathering of the world's leading countries that form the Group of Eight (G8) to highlight Australia's economic strengths since Labor came to power."We have grown substantially faster then every ...

Rio Olympic rights to be package deal

Wed, 19 Jun 2013 03:29:40 -0400

Australian television rights for the next two Summer Olympic Games are likely be sold as a bundle after all three major TV networks failed to bid for the upcoming Rio Games, Nine Network boss Jeff Browne says.And in the wake of the Socceroos booking a place in the 2014 FIFA World Cup, Mr Browne said Nine would be a serious bidder in future for the broadcast rights for the A-League.Mr Browne, who ...

Huawei claims worlds thinnest smartphone

Wed, 19 Jun 2013 03:29:14 -0400

Chinese telecom giant Huawei vows to catch up with its more popular rivals Apple and Samsung, unveiling its newest phone for the first time.Huawei unveiled its Ascend P6 at the CommunicAsia telecom and broadcast event in Singapore on Wednesday just hours after its global launch in London, billing it as world's thinnest smartphone."I generally do not comment on competitors but it is a ...

Sacramento gains 200 new jobs in mortgage industry

Wed, 19 Jun 2013 03:28:54 -0400

Sacramento is getting 200 new jobs in the mortgage industry, sopping up some of the talent left over from the housing crash.PennyMac Loan Services of Moorpark, in Ventura County, has already hired 40 workers and will ramp up to a total of 200 jobs eventually, the company said Tuesday. Its decision to come to the region was announced by SACTO, the Sacramento Area Commerce and Trade ...

George Osborne to outline plan for RBS Lloyds

Wed, 19 Jun 2013 03:28:42 -0400

The fate of Britain's two state-controlled banks will become clearer today, with the country’s finance minister George Osborne likely to start the clock ticking for the sale of the government's stakes. Britain's previous government pumped £66bn of public money into Royal Bank of Scotland and Lloyds Banking Group in 2008 to save them from collapse at the height of the ...

Brazils mining royalty increase will hurt companies - Vale CEO

Wed, 19 Jun 2013 03:25:36 -0400

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Socceroos celebrate World Cup qualifier win

Wed, 19 Jun 2013 03:21:50 -0400

Australia's national football team, the Socceroos, have celebrated booking their ticket in next year's World Cup in Brazil after a triumph against Iraq in Sydney on Tuesday night.Players were cheered at a public reception at Customs House, Circular Quay in Sydney Wednesday, signing autographs and posing for photos.The goal that secured the Aussies' 1-0 win was kicked in the dying ...

If you want to change the world you have to get your hands dirty | Nafeez Ahmed

Wed, 19 Jun 2013 03:21:45 -0400

Activist from Kew Bridge 'Eco Village' and the Parliament Square 'Democracy Village' apprehended by police after a sit-down protest Two years before the Occupy movement sprang forth in New York and London, a motley group of land rights activists occupied a piece of disused land in west London to create an alternative model of moneyless, sustainable living. Little did they ...

Increasingly-growing number of refugees around the world UN report says

Wed, 19 Jun 2013 03:18:00 -0400

New York: June 19 -- (BNA) -- The United Nations revealed that the total number of refugees around the world has reached 7.6 million refugees in 2012 which is the highest figure reported by the UN since 1994. According the UNHCR report the Syrian crisis is a major new factor which led to the increase in the number of refugees. The UN report points out that 55% of refugees in the world come ...

World Cup 2014 Josh Kennedy coming to terms with scoring match-winning goal against Iraq

Wed, 19 Jun 2013 03:16:34 -0400

Sydney 2000 Josh Kennedy says the impact of his match-winning goal in the World Cup qualifier against Iraq is only just "starting to sink in".Kennedy confirmed Australia's passage to the 2014 World Cup in Brazil with his 83rd-minute header at the Olympic stadium on Tuesday night.The lanky striker was still coming to terms with being the toast of the nation as he joined his ...

Earthquake Halts Mining in Russian Coal Heartland

Wed, 19 Jun 2013 03:13:09 -0400

NOVOKUZNETSK, June 19 (RIA Novosti) – A moderate earthquake struck southwest Siberia's Kemerovo Region, one of the country's coal mining heartlands early on Wednesday, local officials said, temporarily bringing underground coal production to a standstill. Regional Governor Aman Tuleyev has ordered all work at underground mines in the Kemerovo Region, part of Russia’s ...

Here comes the worlds slimmest smartphone

Wed, 19 Jun 2013 03:08:20 -0400

The leading technology firm unveiled the HUAWEI Ascend P6. The Android smartphone is touted as the world's slimmest smartphone measuring 6.18mm. In a press release, the informed: "The smartphone features a 1.5GHz quad-core processor and a sleek metallic body. With its 4.7-inch high definition in-cell display, industry-leading 5MP front-facing camera, and outstanding software, the HUAWEI ...

Tension anger as Asian giants reach World Cup

Wed, 19 Jun 2013 03:03:40 -0400

South Korea defender Kim Chang-Soo (L) and Iran midfielder Masoud Shojaei during their World Cup qualifier on June 18, 2013. Iran booked their ticket with a 1-0 smash-and-grab win in Ulsan, following a tetchy build-up between the two ...

G-8 disappoints Syrian rebels makes progress on corporate tax evasion

Wed, 19 Jun 2013 03:02:31 -0400

Leaders of the G-8 agree on a plan to clamp down on money launderers, illegal tax evaders and corporate tax avoiders, while pushing for immediate peace talks on ...

Nigeria Jonathan Calls for Global Co-Operation Against Terrorism

Wed, 19 Jun 2013 02:57:25 -0400

President Goodluck Jonathan in Abuja on Tuesday called for greater global co-operation and co-ordination in the war against terrorism. Jonathan made the call while receiving the new ambassadors of Israel, Russia, Greece, Algeria and Senegal who presented their letters of credence to him during separate visits to the Presidential Villa. He said Nigeria and other countries would benefit immensely ...

Kenya Devolution a Major Challenge to Budget - World Bank

Wed, 19 Jun 2013 02:57:24 -0400

THE devolution process will continue to pose a great challenge to the national budget for the next three years, according to the World Bank. The government has allocated Sh210 billion to the 47 counties under the new budget but the World Bank says this presents two challenges. First, there is a wide variance in per capita allocations between counties. Second, the devolution formula is different ...

UPDATE 1-Aegon cuts average earnings growth target for 2010-2015

Wed, 19 Jun 2013 02:54:09 -0400

Wed Jun 19, 2013 2:54am EDT (Releads with lower average growth target) AMSTERDAM, June 19 (Reuters) - Dutch life insurer Aegon on Wednesday lowered its average growth target for underlying earnings before tax, blaming the low interest rate environment. As recently as June 5, Aegon had stuck to its ambition of increasing underlying earnings before tax by between 7 and 10 percent on average over ...

Jozy Altidore lifts U.S. past Honduras 1-0 in World Cup qualifier

Wed, 19 Jun 2013 02:52:16 -0400

U.S. goalkeeper Tim Howard makes a save while pressured by Honduras' Carlo Costly during their 2014 World Cup qualifying soccer match. (Jim Urquhart, Reuters) SANDY, Utah - Jozy Altidore scored a goal in his fourth consecutive international match, enough for the United States to edge Honduras 1-0 in a World Cup qualifying game Tuesday night. Before 20,250 fans at Rio Tinto Stadium, the ...

UPDATE 1-HM earnings down more than expected in second quarter

Wed, 19 Jun 2013 02:47:06 -0400

Wed Jun 19, 2013 2:47am EDT * March-May pretax 6.1 bln SEK vs consensus 6.3 bln * Gross margin 61.1 pct, matching consensus * Says June 1-17 local-currency sales +17 pct * Inventories higher than planned end-Q2 * Says situation challenging in many big markets (Adds detail, background) STOCKHOLM, June 19 (Reuters) - H&M, the world's second-largest fashion retailer, posted a bigger than ...