Home / World (page 140)

World

IMF urges structural reforms for Turkish economy

Despite continued growth in Turkey’s economy, the International Monetary Fund (IMF) has warned that the country’s government must put forward structural reforms to continue economic momentum. Turkey’s economy has grown on average by 6 percent annually since 2010, but this has come at the expense of a persistently large external …

Read More »

Turkish Cyprus demands equal rights to resources

Both states on the island of Cyprus have equal rights to all natural resources, the energy minister for the Turkish Republic of Northern Cyprus said on Friday. Hakan Dincyurek, Minister of the Environment and Natural Resources, insisted that his government would not give up rights to natural resources on and …

Read More »

Oil price slide and sanctions ‘cost Russia $140bn’

The falling oil price is costing Russia up to $100bn a year, while Western sanctions have hit the country by $40bn,  Finance minister Anton Siluanov made the comments on Monday. Reports on Monday suggested Russia could cut its oil production by about 300,000 barrels a day in an attempt to …

Read More »

Global consumers’ motivation: To go online

The global research and consulting firm A.T. Kearney has revealed the findings of its latest survey of nearly 10,000 “connected consumers”—those going online at least once a week. The respondents from across ten countries—the United States, the United Kingdom, Germany, Japan, Brazil, Russia, China, India, South Africa, and Nigeria—agreed on …

Read More »

Japan, Switzerland and Germany have the strongest “country brands” in 2014-2015

This week the global brand consultancy FutureBrand, part of Interpublic Group, have released the sixth annual Country Brand Index 2014-2015 report that ranks 75 countries by seven perceptional dimensions, such as: awareness, familiarity, preference, associations, consideration, decision/visitation and advocacy; where the main factor—associations—is weighted across six more related attributes of …

Read More »

2014 World Talent Report

IMD, a top-ranked global business school, just released its first annual World Talent Report. The report introduces the IMD World Talent Ranking based on the long-established IMD World Competitiveness Yearbook. It assesses a country’s ability to develop, attract and retain talent for companies based on three factors: 1] Investment and …

Read More »

Kazakhstan bans sale of number of Russian alcoholic beverages

Kazakh authorities have imposed restrictions on sale of a number of alcoholic beverages made in Russia on the territory of Kazakhstan for “food security” reasons, Kazakhstan’s Consumer Rights Protection Committee said. “The alcoholic products do not conform to the food safety requirements of Kazakhstan. Such vodka brands as Talka, Empire, …

Read More »

G20 leaders to add $2 trillion to global economy by 2018

Leaders of the G20 left Brisbane with a plan: to collectively boost the global economy by $2 trillion by 2018, and to implement structural reforms to “re-balance” and strengthen it. This would be a 2 percent increase to the world’s $74 trillion economy. The “Brisbane Action Plan,” outlined in the …

Read More »

The World Could Be Heading Toward a Global Shortage of Chocolate

People are consuming more cocoa than farmers are able to produce, according to two of the world’s largest chocolate makers, who say that a global shortage of chocolate might be on the cards. Mars, Inc. and Swiss-based chocolate giant Barry Callebaut say demand is likely to outstrip production by one million …

Read More »

H&M’s October sales up 14 percent, above expectations

Hennes & Mauritz, the world’s second-biggest fashion retailer, posted on Monday a 14 percent rise in October sales from a year ago, beating forecasts. Analysts polled by Reuters had on average predicted a 10 percent rise. The Swedish budget fashion firm, which has the bulk of business in Europe, has said that …

Read More »