Athens ready to delay some reforms, hopeful for EU deal -Varoufakis

Greek Finance Minister Yanis Varoufakis said on Friday (March 13) he was confident Athens could reach a deal by April 20 with its international creditors on the reforms it must implement to unblock further aid. Speaking to reporters on the sidelines of a business conference in northern Italy, Varoufakis also said Greece’s new leftist government was prepared to delay some of its promised anti-austerity measures in an effort to win EU backing. “So, yes, we […]

Apple, Google poaching settlement appears headed for approval

A U.S. judge on Monday (March 02) seemed satisfied with a proposed $415 million settlement that would end a lawsuit in which tech workers accused Apple Inc, Google Inc and two other Silicon Valley companies of conspiring to hold down salaries. U.S. District Judge Lucy Koh in San Jose, California, had previously rejected an earlier $324 million deal as too low. During a hearing on Monday, Koh raised no objections about the size of the […]

Bill Gates tops Forbes rich list, Michael Jordan joins

Bill Gates stands atop Forbes magazine’s annual list of the world’s richest people, as Facebook Inc’s Mark Zuckerberg joined the top 20 and basketball starMichael Jordan plowed new air by making the list for the first time. Gates’ net worth rose to $79.2 billion from $76 billion a year earlier, putting the Microsoft Corp co-founder at the top for the 16th year in the last 21, Forbes said on Monday (March 2). Mexico telecommunications mogul […]

PH Businesses Explore Opportunities in Myanmar

DFA – The Philippine Chamber of Commerce and Industry-National Capital Region (PCCI-NCR), headed by Philippines-Myanmar Business Council Chairman Ruy Moreno, and PCCI-NCR Vice-President and Agriman Enterprises President Danilo Sanchez, undertook an exploratory mission to Myanmar from February 22 to 25. The seven-member business delegation met Philippine Ambassador to Myanmar Alex G. Chua on February 23. Mr. Sanchez said the exploratory mission in Myanmar aims to look for possible business opportunities for Philippine Small and Medium […]

VW gets government approval for Thai plant

(Reuters) – Germany’s Volkswagen has won approval from Thai authorities to build a manufacturing plant for fuel efficient cars near Bangkok after months of delays. A VW spokesman said on Saturday that it had received the go-ahead but the carmaker would now assess the situation and that no decision has been made yet whether to build the factory, confirming a report in German weekly magazine WirtschaftsWoche. According to previous media reports, the 1 billion euro […]

Blind carpenters bid to compete with Chinese-made products

At a small workshop in Jerusalem, a group of men put their hard work in making brooms. At first glance, they seem like any other carpenters in the city, measuring, cutting, and fashioning blocks of wood. But this workshop is unique. Most tools have been modified to be easily used by blind carpenters. The Arab Blind Organization opened its workshop in 1932 in old Jerusalem’s Hebron Gate area, before moving to another location on Via […]

APEC aims to bolster SMEs’ participation in regional and global markets

MANILA, PIA-The First Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting and Related Meetings, held from January 26 to February 07 at the Clark and Subic Bay Freeport Zones, supported efforts to bolster Small and Medium Enterprises’ (SMEs) participation in regional and global markets under the APEC 2015 theme to build inclusive growth in the Asia-Pacific region. This supports “Fostering SME’s participation in regional and global markets,” one of the priorities under this year’s overarching theme […]