About one third of all food produced for human consumption goes to waste, according to a study commissioned by the United Nations food agency. That amounts to more than one billion tonnes of waste around the world every year. The study recommends that developing countries should improve production and distribution, […]
The rapid rise in prices for food, fuel and commodities has been disastrous for the world’s poor, including Indonesian market vendor Lia Romi. But it’s a bonanza for multinational trading firms such as Glencore. While Romi has trouble feeding her family, Glencore – the world’s largest diversified commodities trader – […]
The world’s two biggest economies ended a two-day meeting with both sides saying progress had been made. China said it will allow American companies easier access to sectors of its market. Read More
Israel’s diamond exports today are 13,400 times what they were when the state was founded – having grown from $6 million to some $80.5 billion, Calcalist reports, quoting data from the Israel Export and International Cooperation Institute. The figures also show changing trends in Israel’s export economy. Whereas at the beginning […]
Goldman Sachs’s mortgage problems are far from over. The Wall Street investment bank paid $550 million last year to settle a civil fraud suit brought by the Securities and Exchange Commission, which accused Goldman Sachs of creating a mortgage product that was intended to fail On Tuesday, the firm disclosed […]
Commentary: But all this bearish news makes me bullish If you thought the housing crisis was bad, think again. It’s worse. New data just out from Zillow, the real-estate information company, show house prices are falling at their fastest rate since the Lehman collapse. Average home prices are down 8% […]
WASHINGTON – The United States is building cooperative bilateral ties with China on a broad list of economic fronts, US Treasury Secretary Timothy Geithner said here Tuesday. Related readings: China, US to hold strategic, economic dialogue Geithner praises Chinese economy ahead of talks China to be US largest trading […]
BEIJING – China’s software industry revenue in the first three months surged 27 percent year on year to 345.4 billion yuan ($53 billion), the Ministry of Industry and Information Technology (MIIT) said Tuesday. Related readings: 31 central government departments complete installation of genuine software Chinese steel firm settles software piracy […]
Covered head-to-toe in a black abaya embroidered with red and yellow flowers, Amal Abbas waits for her turn to place a deposit at Cairo’s Al Baraka Egypt Bank, one of Egypt’s two fully-fledged Islamic banks. Although Egypt is considered the birthplace of Islamic finance, which adheres to Islamic principles banning […]
Abu Dhabi, 18 April 2011(WAM) – In its second annual Islamic Wealth Management Report, Bank Sarasin urged the Islamic banking community to take a stronger focus on Islamic Financial Planning. Bank Sarasin also calls for the industry to move forward by developing the Sharia framework, diversifying products and differentiating its […]
BEIJING (Reuters) – China’s turbo-charged growth eased just a touch in the first quarter, while its inflation jumped to a 32-month high, putting pressure on the government to do more to rein in prices and keep the economy on an even keel. China’s gross domestic product increased by 9.7 percent […]