Latest Breaking Business News
RSS-
Vitamin C offers hope of tackling drug resistant TB
WASHINGTON Adding vitamin C to existing tuberculosis drugs regime could shorten the therapy for drug resistant TB, claims new research findings published in the online scientific journal Nature Communications. The striking discovery, by researchers at Albert Einstein College of Medicine of Yeshiva University, has determined that vitamin C kills drug-resistant TB bacteria in laboratory ...
-
IMF warns UK against continuing austerity programme
LONDON In a critique of the United Kingdom's austerity programme, the International Monetary Fund Wednesday urged the Europe's third largest economy to rebalance the policy to make the transition to a high-investment and more export-oriented economy. "The UK could boost growth by bringing forward measures already included in its fiscal plan, such as spending on infrastructure and job ...
-
Labour reforms to top US team agenda on Bangladesh visit
DHAKA - A high level US delegation led by the State Department's Under Secretary for Political Affairs Wendy Sherman will visit Bangladesh this weekend to press for a major overhaul of labour safety regulations following the nation's deadliest industrial accident, an official said Wednesday. The collapse of a nine-storey factory complex housing several garment units outside the capital last ...
More Breaking Business News
RSS-
Barroro voices concern over estimated one trillion euro tax evasion
BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...
-
German central bank sees signals of economic pick up in Q2
FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...
-
HNL cancer drug trial discontinued by Pfizer
NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...
-
Merger pact by GrubHub and Seamless to stave off rivals
WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...
-
Mortgage lending in UK rises highest in four years
LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...
-
Construction begins on new island off Jumeirah Beach in Dubai
Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...
-
Microsoft launches all-in-one home entertainment system Xbox One
Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...
-
Microsoft unveils new all-in-one Xbox console
Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...
-
Microsoft Unveils New Xbox One Game Console
REDMOND, WASHINGTON Microsoft Corp gave the world the first look at its new game console on Tuesday, hoping the Xbox One will attract existing video game fans while also becoming a hub for living room entertainment. The third-generation Microsoft console, coming eight years after the Xbox 360, was unveiled by games unit chief Don Mattrick at an event at the software company's campus ...
-
‘Boom Town Baby’ African stock markets soaring
The barrage of hourly tweets sent out by Aly-Khan Satchu - East Africa's version of CNBC's Mad Money host Jim Cramer - cheers on what Satchu says is a growing sentiment among investors: If you're not investing in Africa, you should be. Or as Satchu loudly proclaims on his Twitter feed or newspaper column: "IT'S BOOM TOWN ...
-
GlaxoSmithKline US team up to make new drugs to combat antibiotic resistance terror threats
LONDON - GlaxoSmithKline PLC says it's starting an unusual collaboration with the U.S. government to develop several antibiotics for both bioterrorism threats and bacterial infections resistant to current medicines. Antibiotic resistance will become a global crisis, experts predict, because most drug companies have cut investment in antibiotics. Instead, they're developing ...
-
Existing US and Minnesota home sales flat during April prices still rising
Home sales in Minnesota and across the country are being stifled by a shortage of inventory, though sale prices continue to rise, according to a pair of state and national reports released this morning. In Minnesota, existing home sales increased only 0.3 percent from April 2012 to April 2013, according to the Minnesota Association of Realtors. The median price of those sales increased 12 ...
-
Stocks fall after Fed minutes show policymakers had weighed a pullback on its stimulus program
NEW YORK - Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve. The release of minutes of the April 30-May 1 meeting reversed a surge earlier in the day on hopes that the Fed was a long way from stopping its stimulus efforts. ...
-
Basile to star at Inside the Design Studio
, multiple Orchid winner especially for restaurant design, will reveal his secrets "Inside the Design Studio," sponsored by the San Diego Architectural ...
-
LRAD avoids proxy fight with big shareholder
Under terms of the settlement, LRAD agreed to nominate two independent directors proposed by Iroquois and a third director who was mutually agreed to by the company and ...
-
Wal-Mart hires Hill Knowlton executive
Wal-Mart Stores Inc. is naming Dan Bartlett, who had been president and CEO of the U.S. arm of global public relations firm Hill & Knowlton, as its new executive vice president of corporate ...
-
Deficit national debt and government borrowing - how has it changed since 1946
Office for National Statistics said public sector net borrowing came in at 85.1 for the 2012-13 financial year. That's a 35.8bn improvement on the 120.9bn in the previous ...
-
The Hamptons Billionaire Lane Where Wall Streets Richest Retreat For The Summer
The Hamptons are awash with ritzy addresses, but perhaps no street boasts more billionaires than Southampton's Meadow Lane. The 5-mile-long road sports a private helipad that can rush residents to Manhattan in 20 minutes, but conveniences like that cost serious cash: The median sale price for a home here last year was $18 ...
-
Citrix links cloud-based storage to Microsoft SharePoint and Azure
IDG News Service - Citrix Systems is making its cloud-based storage service ShareFile more Microsoft-friendly with SharePoint integration and the ability to store data on Azure. Services for storing and sharing content in the cloud started in the consumer sector, but more enterprises are now adopting rather than blocking them. Citrix saw this trend coming and acquired ShareFile back in October ...
-
10 Stocks That Hedge Funds Love
Goldman Sachs has revealed its list of stocks that are most loved by the nearly $2 trillion hedge fund industry so that they can "follow the smart money," the firm ...
-
Fed Minutes Participants Mull Taper as Soon as June
U.S. Federal Reserve's Federal Open Markets Committee this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer -- if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains. Minutes of the Fed's April 30-May 1 meeting released Wednesday show "a ...
-
Paid Low Wages on the Government Dime
Wal-Mart vs. the Feds: Who's the Low-Wage Job King? ) "I work very hard and look over three different areas of the place," said Roseboro. "It's tough. We need to be making $10 an hour.to make a decent living." Roseboro and the other workers are employed under federal contracts with private companies in industries like retail, food and defense. But a recent report ...
Morocco Focus
-
Morocco recieves aid as part of EU ties
Morocco has taken another step forward in its several years long pursuit of closer ties with the EU, receiving a vote of confidence from the continent’s organizing body in the form of aid, which will be used to pursue areas of development needed to modernize and reform the country.
Morocco is to receive Euro 580 million (roughly MAD 6 billion) from the European Union over the next four years, according to a joint agreement that was signed between Morocco and the EU recently, which it is hoped will provide the country with the means to further integrate itself with the European economy. Read more
News from around our Network
