Bussines News

Santiago, Nov 20 (EFE) The current global crisis will cause the number of poor people in Latin America to rise by nine million to 189 million this year, the UN Economic Commission for Latin America and the Caribbean (ECLAC) said in a report presented here.

London, Nov 20 (IANS) India is falling behind China in its attempts to increase the use of English, risking squandering a key economic advantage, a new report says.

Paris, Nov 20 (IANS/AKI) Italy's unemployment rate is expected to increase to 7.6 percent in 2009 and rise even higher in 2010, according to the latest economic outlook from the Organization for Economic Cooperation and Development.

Mexico City, Nov 20 (EFE) Canada's Agnico-Eagle Mines has inaugurated a large gold and silver mine in Mexico with an investment of $240 million, the Economy Secretariat said.

Beijing, Nov 20 (IANS) The personal wealth of the rich in China has continued to expand despite the global economic downturn, and a new study says their number could cross 450,000 by the year-end.

Monte Carlo, Nov 20 (IANS/AKI) Italian prime minister and media magnate Silvio Berlusconi will determine the future of his estimated 8 billion euro fortune, his eldest son Piersilvio said Thursday.

Toronto, Nov 20 (IANS) Air Canada Thursday unveiled its plans to offer in-flight internet service.
The national carrier said it has started trials from Thursday to offer internet service on select flights on its Toronto-Los Angeles and Montreal-Los Angeles routes. With the trial run, Air Canada joins many international airlines which already offer in-flight internet service.

Paris, Nov 19 (DPA) Although much of the world appears to be emerging from the economic crisis, joblessness is expected to remain high in the US and Europe at least until 2011, the Organisation for Economic Cooperation and Development (OECD) said Thursday.

Mumbai, Nov 19 (IANS) Indian equities closed lower Thursday on intense selling, with a key index shutting shop 226 points lower than its previous close.

New Delhi, Nov 19 (IANS) India's annual food inflation, based on wholesale prices, moved up to 14.55 percent for the week ended Nov 7 from 13.68 percent the week before, official data released Thursday showed.

Mumbai, Nov 19 (IANS) A key Indian equities index extended its losses Thursday afternoon and was ruling 269 points lower than its previous close.

Washington, Nov 19 (IANS) The more reputed and financially sound a corporation is, the more likely it is to violate the law, says a new study.

Washington, Nov 19 (IANS) A new generation of 'green' tyres that will boost fuel efficiency without affecting safety or durability is in the pipeline.

Santiago, Nov 19 (EFE) Some $34 billion is to be invested in a series of energy projects in Chile through 2015, roughly 35 percent of the total for initiatives across the full range of industrial sectors.

Mumbai, Nov 19 (IANS) A key Indian equities index was 111 points in the red early Thursday afternoon on weak sentiments in other Asian markets.

Washington, Nov 19 (IANS) Air pollution poses a largely overlooked threat to people living near smaller regional airports, says a new study.

Madrid, Nov 19 (EFE) Spain's Gross Domestic Product contracted at a slower pace in the third quarter, declining 0.3 percent relative to the previous three-month period and four percent year-on-year, according to final figures from the National Statistics Institute, or INE.

Melbourne, Nov 19 (IANS) Australia's ban on uranium sales to India made no sense at a time when that country was trying to develop its economy, deputy opposition leader Julie Bishop has said.

Florence, Nov 19 (IANS/AKI) Barbie dolls clad in Indian sari, wearing the Muslim burqa and the Japanese kimono are among a collection due to go under the hammer in the central Italian city of Florence Friday.

Havana, Nov 19 (EFE) Seventy percent of Cuba's land under cultivation is being affected by erosion, salinity and acidity, agriculture ministry officials said.