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Top News: Business

Glimmerings of Growth in Greece

According to the Foundation for Economic and Industrial Research, or IOBE, Greece’s economy is slated to stabilize this year may possibly achieve some small growth based on projections.
In the Media by Simon Crompton

Op-Ed: Warning to a world growing increasingly dependent on credit cards

It is absolutely possible for a person to get by without a credit score. This, by extension, means that it is absolutely possible to get by without credit cards.
In the Media by Simon Crompton - 9 comments

Op-Ed: Could automated welding increase factory productivity and profit?

Increasingly factories are moving to use automated welding equipment instead of manual human welders so could this actually significantly increase the productivity and so profit of the factory?
In the Media by James Walker - 3 comments

Tennessee lawmakers seek to nullify federal hemp ban

Nashville - This week lawmakers in Tennessee completed the final step before a bill legalizing the production of hemp could be sent to the Governor. If signed, the bill could nullify federal laws banning its production, depending on how the state law is implemented.
In the Media by Justin King - 2 comments

Study: Walmart benefits from billions in taxpayer subsidies

A new study has found Walmart's low- and poverty-wage workers cost the U.S. government an estimated $6.2 billion per year, a case of massive corporate welfare paid for by American taxpayers.
In the Media by Brett Wilkins - 48 comments

Ontario provincial governments look to liquidate GM holdings

When General Motors emerged from bankruptcy in 2010, the Canadian federal and Ontario provincial governments found themselves among the largest shareholders in one of the biggest automakers in the world and, currently, the governments want to liquidate.
In the Media by Jeannie Stokowski-Bisanti

Op-Ed: Greek bonds rally but economy is in terrible shape

Athens - The Greek government bond market rallied recently as the bonds were upgraded by rating agency Standard and Poor. The European Central Bank(ECB) announced that it would accept Greek government debt as collateral for routine lending operations.
In the Media by Ken Hanly - 1 comment

Study finds more coffee keeps employees honest

A new study has found that a mere two cups of caffeinated coffee can make employees more resistant to unethical behaviour in the workplace.
In the Media by Michael Thomas - 10 comments

Angolan $3.5 bn oil contract goes to Technip, Heerema

Paris - The ultra-deep Angolan offshore oil project called Kaombo generated the third huge contract in three days on Wednesday when French group Total picked two firms to carry out underwater engineering worth $3.5 billion.
In the Media by Elodie Mazein (AFP)

China's economy slows sharply in first quarter

Beijing - China's GDP grew at its weakest pace for 18 months in the March quarter, data showed on Wednesday, testing Beijing's resolve as its campaign to transform the world's number-two economy comes at the cost of a sharp slowdown.
In the Media by Fran WANG (AFP)

Cash-rich global firms face calls to crack open war chests

Tokyo - Impatient shareholders are calling on the world's top firms to start spending some of the eye-popping $2.8 trillion in cash built up since the financial crisis, as analysts warn that their thriftiness could be holding back global growth.
In the Media by Peter Brieger (AFP) - 1 comment

Russian sanctions would destroy Cyprus economy: FM

Nicosia - Economic sanctions by Europe against Russia "would destroy Cyprus's economy," Nicosia's foreign minister Ioannis Kasoulides said in a German newspaper interview published Wednesday."There are very strong economic ties between Cyprus and Russia.
In the Media by AFP

Op-Ed: How does job relocation-related culture shock affect employees?

Culture shock caused by job relocation is no laughing matter, and failure to recognize its existence can result in failed assignments, failed partnerships, or the loss of valued employees.
In the Media by Larry Alton - 1 comment

BHP boosts iron ore output and lifts production guidance

Sydney - Global mining giant BHP Billiton lifted full-year iron ore guidance on Wednesday and posted better than expected March quarter output of 49.6 million tonnes.
In the Media by AFP

U.S. housing effort in Haiti falls short

Washington - A U.S. project to provide badly-needed housing for hundreds of thousands of Haitians left homeless by a 2010 earthquake has failed to live up to its promise and went over budget, a government audit said Tuesday.
In the Media by AFP

GM chief creates new team to boost vehicle safety

New York - General Motors chief executive Mary Barra announced Tuesday the creation of a new team to enhance safety in the wake of an ignition-recall scandal that has engulfed the company.
In the Media by AFP

Russia warns of zero growth as economic alarm rises

Moscow - Russia's economy may not grow this year, the finance minister said Tuesday, warning that Ukraine standoff could see Moscow face its toughest times since the start of the global financial crisis.
In the Media by Maria Antonova (AFP)

Swedish city introduces payment by hand scanning

Stockholm - Hand scanning has become an alternative payment method for people in a city in southern Sweden, researchers at Lund University said Monday.
In the Media by AFP

Swedish, German firms reach tentative pact in submarine dispute

After months of tension over the future of Sweden’s Kockums shipyards, a memorandum of understanding has been reached between the German owner and a prospective Swedish buyer. If approved, the deal would put the historic shipyards back in Swedish hands.
In the Media by Martin Laine - 1 comment
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