Soaring food and fuel prices are threatening to derail growth in Asian economies, according to a report by the Asian Development Bank (ADB). The bank has warned that if food and fuel prices continue to surge, economic growth in the region could be reduced by up to 1.5% this year.
Toyota executives in Brazil and Argentina announced they are cutting production at two assembly plants for three days because they don’t have enough parts from Japan due to the recent earthquake and tsunami.
Researchers based at the University of Canterbury in New Zealand have found that migrating humpback whales achieve navigational precision usually associated with jetliners or arrows.
The Royal Gibraltar Regiment will be conducting Royal Public Duties and The Queen's Guard in London during April next year, Lt Col Colin Risso has confirmed in an interview with the Gibraltar Chronicle.
Japan's cabinet approved almost US$50 billion of spending for post-earthquake rebuilding, the country's biggest public works effort in six decades. The emergency budget of 4 trillion Yen, which is likely be followed by more reconstruction spending packages, is still dwarfed by the overall cost of damages caused by the March 11 earthquake and tsunami, estimated at US$300 billion.
Canada's Barrick Gold Corp said on Tuesday it would take a wait and see approach if a higher bid emerges for its offer to pay 7.3 billion Canadian dollars for Equinox Minerals.
Jaguar Land Rover expects China to become its largest market in the next few years, according to Bob Grace, president of Jaguar Land Rover China, who said that the company aims to sell over 40,000 vehicles in China this year, which will be a significant growth of 54% over last year's 26,000 units.
The chief organiser of the 2010 Commonwealth Games in Delhi has been arrested following an investigation into allegations of corruption. Suresh Kalmadi was removed from his post in January.
G-20 Economy ministers will be meeting May 18/19 in Argentina to address commodity prices’ variations, according to Argentine sources. The meeting was agreed during the recent IMF/World Bank spring assemblies in Washington, following on Argentina’s deep concern about the “volatility” of commodity prices.
Coffee prices topped 3 US dollars a pound in New York for the first time since 1977, as prospects of another production deficit combined with a sliding dollar to encourage fund buying.