PepsiCo plans to invest $5.5 billion in India by 2020 as it focuses on growth in emerging markets. The maker of Mt. Dew, Gatorade and Frito-Lay chips plans to spend the money on new products, agriculture programs, selling infrastructure and manufacturing capabilities.
The need for a good workforce is critical, Jackson says. Only if the available workforce is good can a company even consider locating or expanding in a certain region. He adds, “I almost refer to it as peeling an onion. Every layer has its purpose, but the core is the workforce. The most important is the workforce.”
Though no major decisions are expected at the conference starting Monday in Warsaw's National Stadium, the level of progress could be an indicator of the world's chances of reaching a deal in 2015. That's the new watershed year in the U.N.-led process after a 2009 summit in Copenhagen ended in discord.
Thousands of workers demanding higher pay hurled rocks and sticks at clothing factories and clashed with police who used tear gas against them Monday, bringing fresh scrutiny to working conditions in Bangladesh's garment industry. At least 30 people were reported wounded.
Iran's defense minister has inaugurated a missile production plant aimed at improving the country's air defense capabilities.The semiofficial Fars news agency quoted Gen. Hossein Dehghan as saying Saturday that the Sayyad-2 missile production facility allows the Islamic Republic to hit helicopters, drones and other aerial targets at medium range.
The wind farm near the Fukushima Dai-Ichi nuclear power plant is to eventually have a generation capacity of 1 gigawatt from 143 turbines, though its significance is not limited to the energy it will produce.
Pushing his case for how to increase jobs, President Barack Obama headed to the Gulf Coast where he was to use the backdrop of the Port of New Orleans to press for more government spending on infrastructure projects that can have ripple effects on employment.
The European Space Agency says its GOCE research satellite will crash to Earth on Sunday night or during the day on Monday, but debris is unlikely to cause any casualties. Scientists say the 1,100-kilogram (2,425-pound) satellite already has fallen to an altitude of 170 kilometers (105 miles) and is spiraling steadily downward.
David Brooks, president of Coca-Cola's Greater China and Korea business unit, told Bloomberg earlier this week that the company plans to invest the money between 2015 and 2017 to build factories and add new products to its portfolio. The company is also investing $4 billion in China between 2012 and 2014.
India's Tata Motors reported a 71 percent jump in quarterly profit Friday due to a strong performance at its Jaguar Land Rover unit, even as the automaker's domestic business continued to suffer in a weak economy. The company had net profit of 35 billion rupees ($560 million) for the quarter that ended Sept. 30, beating expectations.
The unlit torch for the 2014 Winter Olympics in the Russian city of Sochi is to be taken on a spacewalk Saturday, then return to Earth on Monday (late Sunday EST) with three departing space station astronauts. The arriving crew members Thursday were Russia's Mikhail Tyurin, American Rick Mastracchio and Koichi Wakata of Japan.
Fiat-Chrysler's head of European operations says the last months of the year will be especially difficult for the Italian market. Alfredo Altavilla told reporters Thursday that while car sales in some European markets are slightly improving, "in Italy there are no signs yet of recovery."
The nonprofit group of public health pioneer Dr. Paul Farmer and a health care company have teamed up to open a factory to produce a nutritional supplement in the heart of Haiti. The 18,000-square-foot plant in the Caribbean nation's Central Plateau is making "Nourimanba," which is used to treat children for severe malnutrition.
The European Union's competition commissioner, Joaquin Almunia, has praised Google's latest proposal as a "significant improvement" from earlier versions and appears to be near a decision to approve it. But Google competitors and some consumer groups are fiercely critical of the plan.
Gov. Nathan Deal announced Wednesday that Caesarstone is planning to invest between $70 million and $100 million in the new plant in Richmond Hill — about 20 miles southwest of Savannah. Deal says the company will import raw materials to make new countertops, and will export the finished products from Georgia's ports.
Swiss prosecutors confirmed Wednesday that a criminal investigation has been opened against one of the world's largest processors of precious metals over allegations that it laundered gold obtained through war crimes.
Wednesday's approval now sends the plans to approve Maize 1507 to the EU's 28 member nations for consideration and could lead to a decision on the issue as soon as next month. EU member states have sharply diverging views on the cultivation of Genetically Modified Organisms — commonly known as GMOs.
The U.N. weather agency says concentrations of carbon dioxide pollution in the atmosphere have accelerated and reached a record high in 2012. The World Meteorological Organization says carbon dioxide was measured at 393.1 parts per million last year, up 2.2 ppm from the previous year.
BAE Systems announced plans to cut some 1,775 jobs at three shipyards, ending the building of warships in England for the first time in hundreds of years. BAE told unions it was starting the legal process to stop shipbuilding at a yard in Portsmouth in England and eliminate jobs at Govan and Scotstoun in Scotland once work is completed on two aircraft carriers in 2015.
For the first time in history, the Olympic torch will be taken on a spacewalk. The 2014 Sochi Winter Olympics torch will be sent to the International Space Station on board a Russian spacecraft this week and astronauts will then carry it outside the station. Here's a look at the Sochi torch.
The European Commission's energy chief says the bloc's executive arm will present a proposal on mandatory disaster insurance for nuclear power plants in coming weeks.Guenther Oettinger said Tuesday the proposal should be one of the first items on the European Parliament's agenda following elections in May.
The European Union's economy is expected to grow 0.5 percent over the second half of the year, leaving it flat for the whole year, and expand 1.4 percent in 2014, according to the Commission's fall forecast. Its last predictions, issued in May, had expected an economic decline of 0.1 percent in 2013.
Among the OECD's euro constituency— 14 of the 17 EU countries that use the euro are members of the OECD — the proportion trusting government fell from 49.1 to 42.8 percent over the same period. In Japan, the situation's even worse, dipping from 27 percent in 2010 to 17 percent last year.
Beijing has been trying since 2009 to cut excess production capacity, which has triggered price-cutting wars that threaten the financial health of some industries. But lower-level leaders whose promotions depend on economic development have continued to support local industries.
With a Tuesday launch planned for Mangalyaan, which means "Mars craft" in Hindi, India will attempt to become only the fourth country or group of countries to reach the red planet, after the Soviet Union, United States and Europe.