World Business News

India and Australia ready to keep on developing trade and JV success

CBJ Mar 3 - Great opportunities between Australia and India within the mining industry was the order of the day recently when Anand Sharma, India’s Commerce and Industry Minister spoke at a meeting in New Delhi with Stephen Smith, Australia’s Minister for Foreign Affairs ...
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China Unicom denying bid for Nigerian mobile company

CBJ Feb 22 - On Monday, the second largest mobile carrier in China, China Unicom, has denied bidding for the former state telecom monopoly of Nigeria. The company has said it was concerned about recent media reports that it was included in a proposed privatisation ...
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Iran plans new uranium facilities

CBJ Feb 22 - Iran is planning to begin construction on two new uranium facilities. Iran approved new plans in Novemeber of 2009 to build 10 industrial scale uranium enrichment facilities which would significantly expand its nuclear program in defiance of demands made by the ...
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EU suggests extra Greek deficit cuts will be needed

CBJ Feb 16 - European ministers told Greece today it may need to take further steps to bring a swollen debt under control and calm "irrational" financial markets, as wage cuts already announced by Athens sparked another strike. At a European Union meeting, finance ministers from ...
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Honda recalls 437,000 cars

CBJ Feb 10 - Honda Motor Co. is adding 437,000 vehicles to its 15-month global recall for faulty airbags in the latest quality problem to hit a Japanese automaker. According to a report in the New York Times, the company will replace the driver’s side ...
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Toyota readies global Prius recall

CBJ Feb 8 - Toyota Motor Corp is preparing for a massive recall of its new Prius hybrid car in Japan this week, followed by similar steps in the U.S., Europe and other markets. Toyota, which has earned a reputation as the green-vehicle front-runner with the ...
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China seizes more melamine-tainted milk powder

CBJ Feb 8 - Chinese inspectors tracing new cases of contaminated milk have shut dairy firms in the northwest and seized 72 metric tons of milk powder tainted with melamine, an industrial compound that killed at least six children in 2008. Nearly 100 metric tons of ...
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China rejects U.S. pressure

CBJ Feb 4 - China has reacted President Obama’s vow to increase pressures on currency disputes, saying criticism is unhelpful and insisting exchange controls are not to blame for its trade surplus. Mr. Obama’s comments are adding strain with Beijing amid tensions over U.S. arms ...
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EU backs debt-cutting plan by Greece

CBJ Feb 3 - The European Commission endorsed a plan by Greece to cut its budget deficit below three per cent of GDP by the end of 2012, first saying it will have to take further steps to cut public sector wages and put finances ...
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Apple to unveil latest creation

CBJ Jan 27 - Apple is going to finally reveal its latest “creation” tomorrow. Widely speculated to be a tablet computer, it will be based on the iPhone operating system, according to Harold McGraw, CEO of McGraw-Hill. The official announcement will take place at 1800 ...
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