Posts from category Uncategorized

New Nature-friendly Plastics to Revolutionize Global Industry

on February 24, 2010 by admin in Trade News, UK News, Uncategorized, World Business, World Business News, Comments Off

A versatile bio-degradable plastic being developed by a group of scientists at the Imperial College London is all set to transform the packaging industry as well as the healthcare. According to the research team, the economically and commercially viable plastic… Continue reading

Relaxation on Remittances Needed to Help African Families

on October 21, 2009 by admin in Uncategorized, Comments Off

In a report by a UN Agency urged countries to remove restrictions and costly fees on remittances imposed on the $40bn that the migrant workers of Africa send home each year. The report prepared by International Fund for Agricultural Development… Continue reading

Brazil Gov Releases Auction Dates for Electricity and Wind Power

on April 6, 2009 by admin in Uncategorized, Comments Off

As part of the strategy to move away from the conventional energy dependence, Brazil will hold its first auction for wind-power projects on November 25 this year. According to sources, the first ever auction is expected to attract major players… Continue reading

Bilateral Trade Will be High on Agenda of Arab-Latin American Summit at Doha

on April 6, 2009 by admin in Uncategorized, Comments Off

Qatar will play host to the second summit between the South American region and the Arab world. Heads of the states or representatives from 12 countries from the Latin American region and 22 countries from the Arab world are expected… Continue reading

Universal Reserve Currency is Gaining Momentum – the US Tries to Nip it in the Bud

on April 6, 2009 by admin in Uncategorized, Comments Off

The US President Barack Obama and his top two economic officials have rejected the Chinese proposal to have a relook at a single international currency as an alternative to the US dollar. Zhou Xiaochuan, the governor of the People’s Bank… Continue reading

World Water Forum Concludes without Committing Water as a Human Right

on April 6, 2009 by admin in Uncategorized, Comments Off

A week long fifth World Water Forum (WWF) has ended even this time around without giving water the status of ‘basic human right’ to diplomatically avoid the implications of such a statement. Nonetheless, around 25,000 participants from 150 countries including… Continue reading

The UAE woos Canada to Boost Trade Ties

on April 6, 2009 by admin in Uncategorized, Comments Off

Minister of Economy Sultan Bin Saeed Al Mansouri of the UAE and Canada’s Minister of International Trade, Stockwell Day held a meeting to discuss further strengthening of trade ties between both countries. They primarily focussed on the need for establishing… Continue reading

El Salvador, Costa Rica to Resume Ties with Cuba, the US Likely to Follow Suit

on April 6, 2009 by admin in Uncategorized, Comments Off

Costa Rica and El Salvador have confirmed at separate occasions that they would re-establish bilateral ties with Cuba. Costa Rican President Oscar Arias claimed the world had changed from the past today and therefore they should be able to accommodate… Continue reading

Africa Clamours for Aid

on April 6, 2009 by admin in Uncategorized, Comments Off

During the Consultative Meeting prior to the G-20 Summit between the leaders of the African nations and the Prime Minister of Britain, Gordon Brown, the African leaders have strongly appealed to release the promised aid by the developed countries. The… Continue reading

The US Truck Ban Receives Retribution from Mexico with Higher Tariffs on its Goods

on April 6, 2009 by admin in Business, Global Economy, Mexico and the US, Protectionism, Trade News, Tradeoff, Uncategorized, World Business, World Business News, Comments Off

The Economy Secretary of Mexico Gerardo Ruiz Mateos stated they would impose higher tariffs on 90 items from the US in retaliation to the last week’s truck ban. The hike in tariffs and the list of goods are likely to… Continue reading

Argentina Joins the Visa-free Regime with Russia

on April 6, 2009 by admin in Uncategorized, Comments Off

Argentina has become the sixth country from Latin America to remove visa requirements for Russian citizens to travel to their country. Argentine Foreign Minister Jorge Taiana signed the draft in the presence of Russia’s Ambassador to Argentina Yuri Korchagin at… Continue reading

Political Uncertainty and Terrorism Damage Pakistan’s Tourism Sector

on April 6, 2009 by admin in Uncategorized, Comments Off

Tourism is one of major revenue earners for Pakistan, but persistent terror activities in the country have negatively impacted the tourism business, especially after the Marriot Hotel attack which left 60 people dead in last September. The Swat valley, once… Continue reading

China Records Worst Export Slump– Recovery Bleak till Fourth Quarter

on April 5, 2009 by admin in Uncategorized, Comments Off

Despite initiating various measures to boost exports, China has been pushed to the wall on the export front with no signs of recovery in the short term. China, the third largest economy and manufacturing hub of the world has continued… Continue reading

Iran and Serbia Move towards FTA

on April 5, 2009 by admin in Uncategorized, Comments Off

During a meeting with the Iranian delegation headed by Foreign Minister Manouchehr Mottaki, the Deputy Prime Minister of Serbia, Mladjan Dinkic stated that both countries had good and stable bilateral ties, and could be further strengthened by greater economic co-operation… Continue reading

India to Augment Gold Mining to Counter Imports – Opportunities for Foreign Firms

on April 5, 2009 by admin in Uncategorized, Comments Off

The Indian government has instructed Geological Survey of India (GSI) to ferret for gold and diamond reserves in all possible locations in India within a period of three years. GSI is a state-owned entity which undertakes geological mapping and mineral… Continue reading

South Korea`s President Lee Arrives in Australia – Climate Change, the Main Feature

on April 5, 2009 by admin in Uncategorized, Comments Off

President of South Korea, Lee Myung-bak’s arrival to Australia has marked a new beginning in a ‘greenish’ collaboration with Australia, the world leader in carbon capture and sequestration. Lee began his tour from New Zealand where he concluded his meeting… Continue reading

The EU Prods Thailand to be Proactive on FTA

on April 5, 2009 by admin in Uncategorized, Comments Off

European Commission Trade Director-General and Chief Negotiator, Philippe Meyer said in Bangkok at the sidelines of ASEAN Business Investment Summit that the EU was keen on inking a free trade deal with Thailand if they took proactive measures. Meyer described… Continue reading

With the Latest Knowhow, Africa Aims to Explore Opportunities in Rice Production

on April 5, 2009 by admin in Uncategorized, Comments Off

The Deputy Director-General of Africa Rice Center (WARDA), Dr. Marco Wopereis claimed during the two-day STRASA meeting that the rice prices which hurled up to $1000 per ton would help the African nations to produce rice economically with increased help… Continue reading

Chinese Begin to Fish in the US Housing Market

on April 5, 2009 by admin in Uncategorized, Comments Off

Several Chinese travel companies are embarked on a new mission, taking their Chinese clients for home shopping in the US. Sliding prices of the houses in the US are attracting many cash-rich Chinese investors to have a home away from… Continue reading

EC Praises Hungary’s Economic Policy yet Soft-pedals on Early Adoption of the Euro

on April 5, 2009 by admin in Uncategorized, Comments Off

The European Commission’s President Jose Manuel Barroso commended the Prime Minister of Hungary, Ferenc Gyurcsany while he received him in Brussels, the headquarters of the EU for his government’s policies to tide over the economic crisis. Barroso has praised Hungary… Continue reading

Chile-Peru FTA

on April 5, 2009 by admin in Uncategorized, Comments Off

The official gazette of Peru has published a decree that the Peru-Chile Free Trade Agreement (FTA) will come into full effect from Sunday, March 1 2009. The trade pact thus forms an elaborate replacement of Free-Trade Complementation Pact which both… Continue reading

Cambodian Garments Record 7 Percent Growth in Exports

on April 5, 2009 by admin in Uncategorized, Comments Off

Garments, the backbone of Cambodian exports were able to register 7 percent growth in 2008 to $3.15bn from its previous year. Even in 2008, the US continued to be the largest market for Cambodian garments by importing products worth $1.95bn.… Continue reading

Calf Aren’t Cheated Anymore, Cow Urine Fetches About $3/Litre

on April 5, 2009 by admin in Uncategorized, Comments Off

Karanagiri, a village 280 kms away from Bangalore, the IT capital of India; people here raise cows to sell their urine and dung, but interestingly not milk. A litre of cow milk is half a dollar in India, on the… Continue reading

China Plans European Shopping Spree

on April 5, 2009 by admin in Uncategorized, Comments Off

Towards the end of this month, the Chinese government is planning to send a business delegation to Europe for purchasing goods which would mainly comprise of advanced technological products and environmental equipment. The Chinese Ministry of Commerce (MOC) stated the… Continue reading

China Continues to Increase Its Presence in Africa, Gives Aid to Tanzania

on April 5, 2009 by admin in Uncategorized, Comments Off

Chinese President Hu Jintao’s three-day visit to the eastern African country Tanzania has concluded by signing Economic Co-operation Agreement and MOU on exports between both countries. Similar deals were signed with Zanzibar, an archipelago and a semi-autonomous region of Tanzania… Continue reading