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Brazil's business labyrinth of bureaucracy
Written by Dailynews.vn Friday, 18 May 2012 03:44
Long known as the country of the future, Brazil is now the nation of the moment.
Yet while the country has become the world's sixth-largest economy, reform of the laws and regulations for opening and running businesses don't seem to be improving at the same pace.
Although bureaucracy is obviously not part of Brazil's propaganda, it's a huge part of the country...
Dual identities of a princeling
Written by Dailynews.vn Friday, 18 May 2012 03:44
When Li Xueming joined the board of directors at a Hong Kong-listed company in 2003, little did he know he would eventually be engulfed by China's biggest political scandal in decades.
Among the reams of documents Mr Li had to sign when he joined China Everbright International was a routine declaration asking whether he had ever used another name.
The businessman wrote "...
Swiss Army knife adapts to remain a cutting-edge tool
Written by Dailynews.vn Friday, 18 May 2012 03:44
Few products are as inexorably linked to their country of origin as the Swiss Army knife.
The multifunctional pocket knife from Switzerland has been recognised worldwide for almost 130 years after Karl Elsener, and his mother Victoria, began a cutlery company to handle an order for the Swiss army.
Mr Elsener worked on a revolutionary idea - a knife that offered as many practical...
How to ask for a pay rise
Written by Dailynews.vn Friday, 18 May 2012 03:44
Asking for a pay rise can be one of those awkward conversations that many people would rather avoid.
But if you feel you're not being paid as much as you deserve, then there's really no other way for it.
So once you've summoned up the courage to talk to your boss, what's the best way to approach the subject?
Preparation is key.
"Before ...
How a Greek euro exit could affect you
Written by Dailynews.vn Friday, 18 May 2012 03:44
Olympic VIP tickets still to sell
Written by Dailynews.vn Friday, 18 May 2012 03:44
The company behind London 2012's hospitality programme has admitted that around a quarter of the packages - some costing £4,500 - are still unsold.
London 2012 is the first Olympics at which an official hospitality partner has been appointed.
Approximately 80,000 tickets for the Olympics and Paralympics have been handed over to Prestige Ticketing.
The company is ...
Pinterest to get $100m investment
Written by Dailynews.vn Friday, 18 May 2012 03:44
Social networking service Pinterest is to receive $100m (£63m) in funding from Japanese internet retailing giant Rakuten and existing investors.
Rakuten said the money would be used to improve Pinterest's service and expand its user base.
Analysts subsequently put a value on the two-year-old company of $1-1.5bn.
The investment comes as Facebook prepares to list on...
Spain's cost of borrowing jumps
Written by Dailynews.vn Friday, 18 May 2012 03:44
Spain has paid sharply higher rates of interest to borrow money on the international markets, as worries grow about the state of its economy.
In total, it raised 2.5bn euros ($3.2bn; £2bn) through issuing a number of different types of bonds.
On bonds due to be paid back in January 2015, it had to pay an interest rate of 4.373%, up from 2.89% in April.
On debt maturing ...
Fed wary of any US spending cuts
Written by Dailynews.vn Friday, 18 May 2012 03:44
The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply.
"The possibility of a sharp fiscal tightening in the United States was also considered a sizable risk," the US central bank said in the minutes of its April meeting.
Automatic budget cuts that will slash $1.2bn (£754m) will happen at the end of this year if a budget...
China Mobile in talks with Apple
Written by Dailynews.vn Friday, 18 May 2012 03:44
The world's biggest mobile phone network, China Mobile, could soon offer its customers Apple's iPhone.
The Chinese carrier's chairman has confirmed the two firms are in talks.
Compatibility issues between the iPhone and China Mobile's 3G network mean that currently Apple's handsets only work on the much slower 2G service.
The problem could be res...
Toshiba halts Japan TV production
Written by Dailynews.vn Friday, 18 May 2012 03:44
Toshiba has halted production of LCD televisions in Japan due to falling demand, a spokesman has told the the BBC.
The producer of Regza brand TV sets said it had stopped operations at its only domestic manufacturing plant in Fukaya, Saitama Prefecture.
Toshiba has other LCD TV factories in Poland, Egypt, Indonesia and China.
Japanese electronics firms are struggling wit...
Chinese gold demand hits record
Written by Dailynews.vn Friday, 18 May 2012 03:43
Chinese demand for gold hit a record in the first quarter of 2012, according to the World Gold Council (WGC).
Chinese demand for jewellery and gold as an investment hit 255.2 tonnes in the period, helped by purchases during the Chinese New Year holiday.
The WGC said inflation and restrictions on the property market were likely to boost demand further.
But overall, global...
Rebuilding spurs Japan economy
Written by Dailynews.vn Friday, 18 May 2012 03:43
Japan's economy grew 1.0% between January and March compared with the previous three months, as government spending helped fuel a gradual recovery from last year's earthquake and tsunami.
That translates to annualised growth of 4.1%, the Cabinet Office said.
A recovery in private consumption has also helped boost the economy.
However, analysts were still cauti...
Cameron defends his euro warning
Written by Dailynews.vn Friday, 18 May 2012 03:43
David Cameron has said there will be no retreat on deficit reduction - and that he was right to speculate publicly about the break up of the euro.
He told business leaders in Manchester it was "more dangerous to stay silent than to speak out".
It comes as the prime minister prepares for a conference call with European leaders including Angela Merkel and new French Presi...
Some work schemes 'of no benefit'
Written by Dailynews.vn Friday, 18 May 2012 03:43
A parliamentary committee has questioned the length and quality of many apprenticeships.
The Committee of Public Accounts said that a fifth of the schemes last six months or less and are of "no real benefit".
But it also praised the increase in apprenticeships, which quadrupled in number in the four years to 2011.
The government said the programme was now the &...
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