American multinational clothing and accessories retailer Gap Inc has raised its full-year profit forecast; a move stemmed from its strong sales of its lower-priced Old Navy brand. The San Francisco-based company also revealed plans on moving to one of the fastest-growing market – India with 40 stores next year. Mumbai and Delhi, two of the [...]
After the US government relaxed restrictions on high-definition satellite imagery back in June, the U.S.-based DigitalGlobe is set to launch its WorldView-3 satellite to capture the earth with twice better resolution than before. The new WorldView-3 satellite will be launched today (August 13) on an Atlas V rocket from Vandenberg Air Force Base in California. Currently, commercial satellite [...]
In the course of recent years, palm oil has been under prolonged scrutiny for its damaging environmental and social impacts. Ecological issues underlined incorporate substantial deforestation, habitat loss for threatened and endangered species, poor air quality from burning forests and peatlands, and additionally greenhouse gas release inferring from land utilization change. On the social side, [...]
China’s record-breaking air pollution has potentially wreaked havoc on the country’s economy. Scientists here have cautioned that the country’s toxic air pollution is now so worse that it resembles a nuclear winter, delaying photosynthesis in plants which has exacted a significant toll in food supply. China’s landlocked capital of 20m people is enduring toxic air pollution over [...]
What a great day for all of you who don’t feel like wasting time while flying. Pretty soon organization of your business or doing it won’t have to wait till you reach 10,000 feet while flying to a business meeting. Since you will be allowed to use your electronic gadgets all the time while being on the plane. You will be able to use them from gate to gate.
American retailers including Wal-Mart and Gap launched a five-year plan to make safety improvements to Bangladesh clothing factories. The move was announced following the tragedies such as April’s deadly garment building collapse and the building collapse at Rana Plaza in May where more than 1,100 people died.
It appears that EEF chief executive Terry Scuoler has given-in to emotions of markets around British industries and voiced his opinions that the present UK government should cut-back on its expenditure on health-care, essentially National Health System and look outward and spend actively on building roads, transport as well as science and innovation.
After a tragic construction disaster in Bangladesh, European retailers, including H&M and Wal-Mart, signed the Bangladesh safety accord which will introduce measures aimed at boosting safety conditions in garment factories, taking a step to securing lives of workers. Undeniably, unions had a big part in pushing the European retailers to take action in improving workplace safety at Bangladeshi garment facilities.
The KALQ keyboard is to liberate us from pain which often accompanies us while we are simply typing. The question is whether the KALQ keyboard will replace the QWERTY.
In what many regard as a much-anticipated triumph of Microsoft Corp., Foxconn through its parent company Hon Hai has agreed to pay license fees to the US-based giant every time a Microsoft-patent is used in a product that the Tucheng-based company manufactures. Through its various manufacturing units located in Taiwan and across industrial units of China, Hon Hai produces nearly 40 percent of the world’s smartphones, tablets and other devices.
UK Prime Minister David Cameron arrives in India on the 18th of February with the biggest ever trade mission and will take part in three-day talks with Indian authorities. The delegation is aimed at tightening economic ties and increasing trade between the United Kingdom and India. UK Prime Minister David Cameron will be accompanied by a 100-person entourage, among which are parliamentarians and officials from companies and universities. The business delegation to India is a clear signal that the European nation is much interested in deepening relations with India which is expected to be the world’s third economy by 2050.
The maker of Cartier jewelry Richemont SA posted its third quarter results showing that sales in the period grew by approximately 5 percent at constant exchange rates and about 9 percent at actual rates. The Geneva-based company saw satisfying growth in the Americas, but witnessed lower growth rate in other regions, including the Asia-Pacific region. In particular, the rate of China’s sales slackened as demand for luxury goods dropped in the world’s second economy.
While the world is becoming more computer-dependent, children are not anymore interested in traditional toys. Little ones are just drawn to tablet computers. And this holiday season most children’s Christmas gifts letters are controlled by mobile devices such as iPads and Kindles. The growing popularity of tablets is expected to be the final nail in the toymakers’ coffin.
Emerald green is to dominate 2013 as Pantone LLC has chosen it to be the color of the coming year. To be exact, PANTONE® 17-5641 Emerald has been chosen to be the color of the year for 2013 by the worldwide guru on color for a wide range of industries.
On the 30th of November, Osram informed that it would downsize another 4.700 jobs as well as sell its plants to better compete with Asian rivals. The job cuts at Osram will help the company save approximately €1 billion ($1.3 billion) and improve profitability as the market for traditional light bulbs shrinks significantly. Earlier this week Siemens AG announced to spin off Osram.
Precision Castparts Corp. seems to have offered a huge sum of approximately $2.9 billion to buy Titanium Metals Corp. which happens to be one of the world’s top producers of alloys used in the construction of aircraft engines.
ArcelorMittal SA, a global steel company, is exploring a sale of a 30 percents stake in its Canadian iron ore business, according to a source familiar with the matter. The world’s biggest steelmaker struggles to cope with the downturn as demand in Europe and China visibly decreased. ArcelorMittal stake in Canadian iron ore business is valued at approximately $10 billion.
JJB Sports put itself up for sale on Thursday. Company’s officials informed investors that JJB Sports’ shares might be worthless. As the company failed to secure the fresh injection of cash from investors JJB Sports’ shares dropped 71 percent to 0.67 pence. The retailer is at risk of becoming the next British retail casualty of the financial crisis.
According to the reports released on Friday, Apple Inc has staged a low key launch for its latest iPad in the market of China. It was clean and free of the chaotic scenes and hustles that accompanied some of the previous product launches for the tech darling. China has been always been the most promising market for Apple in terms of growth and fame.