Category: Sector

South Korea Grows Stem Cell Industry With US$90 Million Investment


South Korea’s President Lee Myung-bak has promised to invest 100 billion won (US$90 million) into stem cell research next year, in order to revitalise an industry that was severely affected after a cloning scandal nearly five years ago.

During his biweekly radio address on Monday morning, President Lee told the public that the government was ready to develop an industry that is seen to be a “new growth engine” for the country’s economy.

Infographic: The Future of Textbooks – Ready to Embrace The Digital Age?


The publishing industry has gone through rapid changes in the past few years. From newspapers to magazines to comic books to even the long bulky novels that we used to read, publishers are now turning towards the digital frontier as a means for publishing the written word.

Educational publishing is no different. The sale of digital textbooks is expected to rise from just 1 percent in 2010 to 18.8 percent of all textbooks by 2015. Not only are digital textbooks cheaper than regular printed textbook, but they are more convenient as well.

US Tax Evaders Turn to Israeli Banks


The United States Justice Department is investigating three of Israel’s largest banks over suspicions that their branches in Switzerland may have helped US clients evade taxes, reported Reuters, citing unnamed sources.

Banking’s Biggest Dilemma – Stability or Competition? : Xavier Vives


The banking sector faces a continuous trade-off between competition and stability. Too much competition increases instability and the risk of systemic failure, but too little competition will also have dire consequences for consumers and investors. What is the balancing point?

 

 

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Categorized as Sector

Al Gore Plans 24-Hour “Assault on Climate Sceptics”


 

Former US Vice President Al Gore will launch a 24-hour media campaign, entitled “24 Hours of Reality”, to address sceptics of climate change and call for action among policy makers and citizens in dealing with the problems of global warming.

Infographic: The Travel Industry Post-9/11


The 9/11 terrorist attacks had a major impact on the airline industry in the United States. In a press call titled “Effects of 9/11 on the Travel Industry; A Ten-Year Perspective,” Roger Dow, president and CEO of the U.S. Travel Association, referred to the past 10 years as a “lost decade.”

“No industry was probably more affected by 9/11 than the travel industry,” he said.

 

Infographic: The Internet – Then vs. Now


Do you still remember what the Internet was like 15 years ago? Advances in technology have changed the way the internet look, feels and runs, in ways previously thought unimaginable. 

In the last 15 years, the number of internet users have grown by over 20 times, while average time spent on the web has also increased by nearly 54 times.

Track the changes in the internet over the last 15 years with this infographic:

China Frees 30 Disabled Slaves


 

 In a latest case of labour abuse, China said that they have rescued 30 people who had been forced to work as slaves at an illegal brick factory in Henan in central China. Some of the rescued workers have disabilities so severe that the Chinese authorities are finding it hard to establish their identities.

The Chinese state media said on Wednesday that some of the victims, who were regularly abused, had toiled for more than seven years without any pay. Henan province, where the scandal originated, is already at the heart of a massive slavery scandal in 2007.

Switzerland To Hand Over U.S. Citizens’ Bank Information After Tax Row


 Switzerland will meet some of the demands laid out by Washington and release additional client information after a tax row between the two countries. 

South Africa Says No to Alcohol Ads


The South African government is planning to enact a ban on all forms of alcohol advertising in an attempt to curb violent crime caused by excessive drinking, said Health Minister Aaron Motsoaledi on Tuesday.