FIFA and SA Allay Fears over World Cup Security

The president of South Africa (SA) Jacob Zuma and the FIFA’s secretary general Jérôme Valcke at separate occasions informed there was no security threat to the forthcoming football (soccer) World Cup (WC) to be held in SA this year in June and July months. Zuma said this at the World Economic Forum (WEF) in Davos [...]

New Zealand Basks in the Success of Avatar

Avatar, the most expensive and the largest grosser movie ever made has given a big boost to the New Zealand (NZ) film industry and the economy as a whole. The 3D mega visual has delivered USD$218mn to the NZ economy while it was made in the country as against the politically criticized grant of about [...]

Latin American Countries to Begin Single Currency Talks

The trade ministers of an alliance of Latin American Countries (ALBA) will meet today to discuss the operational launch of a regional electronic currency. In last April, Venezuelan President Hugo Chavez and the leftist leaders of the region agreed to minimize the US dollar dependence by launching a Latin American currency styled in line with [...]

Online Exporter Guide from ITC to Mainly Aid Africa

The International Trade Centre (ITC) has launched a comprehensive, interactive trilingual online version of its Cotton Exporter’s Guide as an outreach to improve the skills and abilities of developing countries in cotton trading and marketing. The ITC’s latest press release stated the new online initiative featured an open source content management platform that will enable [...]

EU Aims to Tide over WTO Ceiling on Sugar Exports

In the wake of repeated requests from International Confederation of European Beet Growers (CIBE) and other sugar agencies of Europe to export surplus sugar, the EU as a ‘matter of urgency’ is planning to seek legal means to breach the WTO ceiling on sugar exports. A month ago, it was estimated by CIBE that the [...]

China Acts by welcoming More Indian Goods

The Chinese Premier Wen Jiabao gave assurance to the visiting Indian Commerce and Industry Minister Anand Sharma that his country would do everything to iron out trade imbalances with India. New Delhi had been complaining about the trade deficit for the past few years as its largest trading partner’s exports recorded lopsided growth after years [...]

What to Eat – Farmed or Wild Salmon – Debate Rages on

It is a well known fact that salmon is the most sought after fish for its delicacy status and health benefits. Consequently, salmon is also the most farm-raised fish with its high demand and lucrative business potential.
But a recent response to a health query in the CNN website had irked the salmon producing community as [...]

Chavez Devaluation Missile Ravages French Retail Chain

Exito, a joint French-Colombian supermarket chain, has fallen prey to this month’s Venezuelan currency devaluation policy, which warned action against any firm that involved in speculative price hikes. President Hugo Chavez on Sunday has ordered to begin the expropriation process of the retail chain, accusing it for breaching price control laws of the country.
With this [...]

Business Connivance Virus – In 90s Tobacco and Now H1N1

According to a study, what the world is hearing from the H1N1 space about the false pandemic alarm and the WHO staff’s collusion with pharma powerhouse are just what happened in the 1990’s at the behest of a tobacco giant in evolving the European policies. Academics at the University of Bath and University of Edinburgh [...]

Myanmar Will Bring China and India Closer by Reopening Old Route

According to sources, Myanmar has agreed to honour a long standing need of the region by re-opening the Stilwell Road to facilitate trade among China, India and Myanmar. At the recently concluded 5th North East Business Summit at Kolkata, the Foreign Minister of Myanmar Nyan Win said that Myanmar was ready to open the old [...]

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