Bernanke expected to stay the course on Fed policy
(Reuters) – Federal Reserve Chairman Ben Bernanke is not expected to hint at a pending policy change when he testifies before the U.S. Congress on Wednesday despite some speculation among…
Lebanese farmland firm to invest up to $800m in Sudan
Reuters | May 21, 2013 | JORDAN TIMES KHARTOUM — Lebanese farmland investor GLB Invest plans to invest up to $800 million in Sudan to produce animal feed to be…
Japan’s New Optimism Has Name: Abenomics
TOKYO — After years of grinding malaise, Japan suddenly has some of its bling back. A humbled Sony — once a titan of Japan Inc. — recently sprang back into…
Saudi Arabia: Leading Muslim (lady) architect tapped for metro project
RIYADH: RODOLFO C. ESTIMO JR. ARABNEWS Sunday 19 May 2013 The ArRiyadh Development Authority has tapped the world’s leading Muslim architect Zaha Hadid to design its metro station at the…
Apartment construction slows sharply
A sharp pullback in apartment and condominium construction led to a big decline in overall home building in April, even as single-family home construction remained strong, according to government data…
ROCKS ON A ROLL : Huge colourless diamond goes for record (or should we call it: Picture of the Day?)
A pear-shaped colourless diamond – the largest ever offered at auction – has sold for a record CHF25.9 million ($26.7 million) in Geneva, where records were also set for the…
Import prices fall; lower oil prices to help households
(Reuters) – Import prices fell in April due to a drop in oil costs, a positive sign for household finances that also pointed to benign inflation pressures. Import prices slipped…
TRADE VS HUMAN RIGHTS – Business is anything but usual with Saudi Arabia
by Peter Siegenthaler, swissinfo.ch May 14, 2013 – 11:00 Saudi Arabia, a key player in the conflict in Syria, is an important Swiss trade partner but it regularly makes headlines…
Low wages deter Saudis from taking up unskilled jobs
JEDDAH: IBRAHIM NAFFEE ARABNEWS Tuesday 14 May 2013 The perception that Saudis do not want to take up unskilled jobs is changing, according to Nidal Radwan, chairman of the National…
Africa loses benefit of billions of dollars annually, report says
By Robyn Dixon May 10, 2013, 12:28 p.m. JOHANNESBURG — Africa loses the benefit of billions of dollars each year through illegal tax evasion, money transfers and secretive business deals,…
Hinduism, Buddhism and.. Money? Everyday Enlightenment
By contributing writer Vidushi Sharma for KidSpirit’s Money and Value issue. This June, if you’d walked into the last KidSpirit Editorial Board meeting of the year, you would have seen…
New WTO leader faces rough road ahead
by Veronica DeVore, swissinfo.ch May 8, 2013 – 17:08 Brazil’s Roberto Azavedo, announced as the new Director-General of the World Trade Organization on Wednesday, is a savvy “dealmaker” but will…
Your heart attack bill: $3,300 in Arkansas, $92,000 in California
NEW YORK (CNNMoney) Hospitals across the nation — even those located just miles apart — charge wildly different rates for the same medical procedure. A data set released for the…
Saudi women to operate metro rail at PNU
RIYADH: ABDUL HANNAN TAGO & ALVIN RELOX ARABNEWS Wednesday 8 May 2013 The driverless metro rail, to be operated by a team of only Saudi women inside the women’s school…
Secret cuts: Is the garment business jinxed, or is it made to look so?
Fire a few days back, building collapse yesterday and workers’ vandalism over poor wage today. These are the headlines the largest forex earning sector makes, for several years now. Risky…
Workers Claim Race Bias as Farms Rely on Immigrants
VIDALIA, Ga. — For years, labor unions and immigrant rights activists have accused large-scale farmers, like those harvesting sweet Vidalia onions here this month, of exploiting Mexican guest workers. Working…
Switzerland: Can a mega-alpine resort meet expectations?
by Susan Vogel-Misicka, swissinfo.ch May 2, 2013 – 11:00 Egyptian property developer and billionaire Samih Sawiris is confident his first venture in Europe, the Andermatt Swiss Alps resort, will be…
Fed Holds Stimulus Steady, Citing ‘Moderate’ Growth
WASHINGTON – The Federal Reserve said on Wednesday that it would continue its stimulus campaign at the same pace it has maintained since December, neither increasing nor slackening its efforts,…
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