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Business : Page 1347

How the West lost its competitive edge
Technology transferMarch 22, 2014 ET
Although still strong, the West lost its competitive edge and is now forced to admit there are no more "innovative West" and "manufacturing East"; Asian tigers are today very serious competitors with products that western companies have hard time to follow.
Strawberries contribute $3.4 billion to California economy
StrawberriesMarch 21, 2014 ET
The California Strawberry Commission has released a first-ever statewide economic report detailing the $3.4 billion economic contributions of strawberry farming to the state.
China boosts holdings of U.S. Treasuries
DollarsMarch 21, 2014 ET
China remained the largest holder of US debt in January, increasing its holdings for the first time in two months even as overall foreign demand for US Treasury securities weakened, according to new data from the Treasury Department.
British beer, tobacco industry hit by new tax increase
England pubMarch 21, 2014 ET
British Chancellor of the Exchequer George Osborne's latest round of tax increases on alcohol and cigarettes will cost the average drinker an extra 19.76 pounds and a smoker 69.06 pounds each year, according to research by Money Dashboard.
Jones Beach to be restored with $65 million, creating 620 jobs
Jones Beach State ParkMarch 21, 2014 ET
Governor Andrew M. Cuomo announced the Jones Beach Revitalization Plan. The project aims to bolster the region's tourism industry, enhance the quality of life vital to attracting and retaining businesses on Long Island.
Shortage of qualified managers in China
China managersMarch 21, 2014 ET
A shortage of qualified managers is the fastest-growing area of risk confronting U.S. companies' Chinese operations, according to a survey by the American Chamber of Commerce in China.
Brazilian companies plan to invest less
BrazilMarch 21, 2014 ET
A survey on investment in quarter one this year, issued by FGV - Foundation Getulio Vargas' Brazilian Institute of Economics (Ibre), shows a trend of decline in investment by Brazilian enterprises over the course of 2014.
Survey: U.S. companies in China optimistic
BeijingMarch 21, 2014 ET
U.S. companies in China remained optimistic about the business environment but would be more cautious in making investments due to rising costs and narrowing profit margins, a survey showed.
'Better to import workers than to train Americans'
H-1B visaMarch 20, 2014 ET
Addressing a media conference call, Scott Corley, executive director of Compete America, asserted that the large high-tech companies he represents would rather bring in more H-1B temporary workers than retrain experienced American employees.
South Korea to launch gold trading platform
Korea ExchangeMarch 20, 2014 ET
South Korea's bourse operator, the Korea Exchange, will launch a gold trading platform next Monday in an attempt to better monitor a market dominated by illegal transactions.
The Netherlands reports record job creation
The NetherlandsMarch 20, 2014 ET
The Netherlands Foreign Investment Agency (NFIA) supported the attraction of 193 foreign investment projects in 2013, representing nearly 8,500 jobs and the planned investment of $2.31 billion. The record jobs figure represents a 60% increase over the previous year.
The market for financing new aircraft to remain strong
BoeingMarch 20, 2014 ET
Boeing expects the market for financing new aircraft to remain strong as airline customers continue to demand for new, fuel-efficient airplanes.

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