China’s Foreign Ministry has expressed outrage and disappointment at the Philippines’ decision to officially request the United Nations to rename part of the South China Sea as the West Philippine Sea, but said that decision would not affect China’s territorial claim over the area, in the latest spat between the world’s second largest economy and its neighbours over sovereignty rights.
Banking sector employees all across Brazil will go on strike next week to demand for higher pay, adjusted to the nation’s inflation rate, reported Reuters on Thursday, in the latest spree of labour disputes that have affected Latin America’s largest economy since the beginning of this year.
On Wednesday night, talks between banks and the industry union Contraf collapsed after workers rejected an offer to increase pay by 6 percent.
Being a CEO of a large company is often seen as the ultimate career aspiration for many people in the job market today. But few actually get the opportunity to reach that level, while those who do often face many career obstacles before reaching their goal.
Check out this infographic by CEO.com, which explores what common traits CEOs may have, including the experiences they share, and the failures that lead to their success.
U.S. fast food giant McDonald’s Corp will begin posting calorie information for its entire menu at U.S. stores starting from next week, reported Bloomberg News on Wednesday, in order to pre-empt a regulation that could require chains to disclose the information anyway.
The European Union, along with other institutions and countries, are likely to discuss ways on how to provide more financial support for Egypt when newly elected Egyptian president Mohamed Morsi arrives in Brussels this week, reported Reuters on Wednesday, after a senior EU official claimed that the $4.8 billion loan from the IMF to Cairo was unlikely to be enough to revive the Egyptian economy.
Iranian oil tankers have been unloading millions of barrels of oil near a small port island just off the East Malaysian coast, said a report by Reuters on Wednesday, with the oil believed to be then transferred to other oil vessels in order to be shipped all across Asia – circumventing Western sanctions in the process.
Believe it or not, a person’s educational status may in some way affect how long he/she will live to! According to a 2011 study by the Centers for Disease Control and Prevention in the U.S., the gap in life expectancy at age 25, by education, actually widened between 1996 and 2006 for both men and women with a bachelor’s degree or higher.
Check out this infographic, which explores the reasons why people with higher education may live longer lives; and examine the data, which back these facts.
The Brazilian government has introduced major cuts in taxes for electricity producers and distributors, reported Reuters on Tuesday, in a move that will cut electricity cost for households up to 16 percent – and to businesses by up to 28 percent.
“This is the biggest reduction in electricity rates that the country has ever seen,” Rousseff said after signing the measures before an audience of business leaders.
The waning social practice of married, wealthy, Chinese men with “second wives or girlfriends” may be having a negative impact on luxury goods sales in China, claimed a report by CNBC on Tuesday, after several luxury brands also warned of declining profits amid China’s economic slowdown.
The Chinese Centre for Disease Control and Prevention (CDC) is set to investigate a claim that more than 20 Chinese children were fed illegal genetically modified (GM) rice during an experiment conducted by both Chinese and American researchers back in 2008, reported the China Daily on Wednesday.
