Chinese leaders are under pressure to replace a growth model based on exports and investment that delivered three decades of rapid expansion but has run out of steam. Reform advocates say Beijing should open an array of state-controlled industries to private competition, but any moves to curb the privileges of politically favored ompanies are likely to face resistance.
Goyens and leaders of other European citizens associations say that would jeopardize the wellbeing of Europeans and short-circuit EU health and safety standards, which Monika Kosinska, director of the European Public Health Alliance, called the world's most stringent.
In courts, government tribunals and regulatory agencies around the world, Apple Inc. has argued that Samsung's Android-based phones copy vital iPhone features. Samsung Electronics Co. is fighting back with its own complaints that some key Apple patents are invalid and Apple has also copied Samsung's technology.
Five years after a global financial crisis erupted, the world's biggest economies still need to be propped up.They're growing and hiring a little faster and creating more jobs, but only with extraordinary aid from central banks or government spending.
Israel's Teva Pharmaceuticals Industries Ltd. says it has reached an agreement with the country's tax authority to pay roughly $718 million to settle a series of claims against the drug maker. The money will settle tax assessments on "trapped profits," earnings that result from special corporate tax breaks, and pay separate back taxes.
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.