May 8, 2012
GE in tie up with XD Electric as it eyes China’s market
General Electric (GE) has announced a tie-up with China's XD Electric to tap into China's fast growing market for electric transmission and distribution. GE has agreed to buy a 15% stake in XD, one of China's largest makers of power transmission…
May 8, 2012
Airbus and Boeing hit by plane cancellations
Airlines have cancelled a total of 32 orders for planes so far this year, according to data from the world's two major plane makers. US giant Boeing said it had 25 orders of its flagship plane, the 787 Dreamliner, cancelled by airlines without…
May 1, 2012
China manufacturing activity expands for fifth month
China's manufacturing activity has expanded for the fifth month in a row, easing concerns about a sharp slowdown in the world's second-largest economy. The official Purchasing Manager's Index (PMI) rose to 53.3 in April from 53.1 in March, the…
May 1, 2012
US consumer spending rises 0.3% in March
Americans increased their spending by 0.3% in March in a sign of the continuing recovery for the US economy. The rise, revealed in a Commerce Department report, also showed that personal incomes rose 0.4%. Economists closely watch consumer…
May 1, 2012
Canada, Barbados ties remain strong
A TOP Canadian business official said Barbados is not a tax haven! Rather, this country is a low tax jurisdiction and everything done here is compliant with Canadian laws. This vote of confidence in Barbados’ image in the global financial…
May 1, 2012
Acting LIAT CEO resigns
The acting CEO of LIAT Airline, Brian Challenger, has resigned. Challenger will spend his last day on the job on June 30. LIAT’s chairman, Jean Holder, says Challenger has made an important contribution to the airline during a difficult period.…
May 1, 2012
Delta Airlines to Produce Its Own Jet Fuel
U.S.-based Delta Airlines will soon be the world's first air carrier to produce its own jet fuel. Delta announced Monday it is buying a struggling oil refinery near Philadelphia from the Phillips 66 oil company for $150 million. The refinery has…
April 30, 2012
Labour market ‘alarming’
The International Labour Organization has warned that the global employment situation is "alarming" and unlikely to improve soon. The agency said that austerity measures, especially in advanced economies, were hurting job creation. That comes as…
April 30, 2012
Ford earnings fall amid Europe’s economic weakness
US carmaker Ford has reported lower quarterly profits following weak sales in Europe and higher tax charges. Ford, the second-largest US carmaker, said first quarter net income was $1.4bn (£862m), down from $2.6bn for the same quarter last year.…
April 30, 2012
Google staff ‘knew of wi-fi snooping’, report says
The Google engineer who wrote a program that collected personal data from wi-fi networks told at least two other colleagues, a report has revealed. Google released the full investigation conducted by the US Federal Communications Commission (FCC).…